The global virology specimen collection market, which was valued at USD 5.6 Billion in 2021, is projected to demonstrate resilience and expansion in the coming decade, according to a new market report released today. Despite facing challenges such as a negative Compound Annual Growth Rate (CAGR) of -0.5% from 2022 to 2032, the market is expected to grow steadily.
Key drivers behind this growth include the rapid emergence of various viruses worldwide, prompting heightened prioritization of virus specimen collection by research institutes and healthcare sectors. Furthermore, technological advancements in specimen collection processes are significantly improving efficiency and fostering international collaboration for research purposes.
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“The global landscape for virology specimen collection is evolving rapidly, driven by the urgent need for comprehensive data to combat emerging viral threats,” said FMI. “Our report underscores the critical role of advanced technology and international cooperation in shaping the future of virus research and containment efforts.”
Despite the projected decline in CAGR, the market’s trajectory reflects a robust commitment to enhancing global preparedness against viral outbreaks through systematic specimen collection and analysis. This strategic focus is expected to propel market growth amidst ongoing challenges.
The report also highlights the significance of innovation in virology specimen collection technologies, consumables, and instruments, particularly in response to outbreaks such as Zika virus and Babesia, which have underscored the need for cutting-edge solutions in the field.
Moreover, initiatives undertaken by various countries to monitor and combat new and emerging diseases, coupled with the prevalence of diseases such as EBOLA, Zika virus, SARS-CoV-2, AIDS, flu, and STDs, are further propelling the growth of the virology specimen collection market.
Key Takeaways:
- North America is anticipated to be at the forefront of the virology specimen collection market future trends, which can be attributed to the increasing adoption of NAT and technological advancements such as portable diagnostics.
- The bacterial specimen collection segment is projected to lead the virology collection market trend by product type. The high prevalence of tuberculosis (TB) is one of the significant factors contributing to the share of the segment.
- Diagnostic applications are expected to account for a significant portion of the virology specimen collection market size due to a spike in the number of FDA-approved specimen collection kits, transport of viral specimen, and virology swab sample for clinical applications.
- By end use, the hospitals and clinics segment is anticipated to generate the most revenue, owing to an uptick in patients with respiratory viruses and bacterial infections.
- The Asia Pacific market for bacterial and virology sample collection is expected to grow at a rapid pace because of extensive coronavirus testing in Asian countries.
- By technology, the segment of the nasopharyngeal sample is estimated to hold sway on account of rapid detection of transmissible transfusion infections (TTIs) and the rising prevalence of HPV-related cancers and human papillomavirus (HPV).
“Virology specimen collection tests emphasize the need for virology specimen collection technology innovation and adoption, consumables, and instruments. This is projected to drive the demand for the virology specimen collection market further.” opines an FMI analyst.
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Competitive Landscape:
A few notable virology specimen collection market players include Puritan Medical Products Co. (UK), Trinity Biotech (Ireland), Dickinson and Company (US), Thermo Fisher Scientific Inc. (US), Vircell S.L. (Spain), Becton, Quidel Corporation (US), Titan Biotech Ltd. (India), Diasorin SA (Italy), Copan Italia S.P.A (Italy), Hardy Diagnostics (US).
These firms and companies are partnering & collaborating with several domestic and international players as a part of the emerging trends in the viral specimen collection market.
- Henkel AG & Co. KGaA of Germany tied up with Origin of California to leverage the latter’s expertise in performing robust mechanical testing at its California facility. Henkel also contributed expertise and technology to developing 3D printed nasopharyngeal swabs for COVID-19 testing and several other recent developments in the virology specimen collection market.
- Under a USD 6.0 million contract with Inflammatix Inc., the US HHS supported the development of the host-response testing technology. The company is working on three diagnostic tests that will provide quick results on whether the infection is bacterial or viral. This enables clinicians to make better-informed, earlier treatment decisions. Such initiatives are also at the heart of the companies’ strategy to expand earlier diagnosis.
Key Segments:
By Product Type:
- Blood Collection Kits
- Specimen Collection Tubes
- Viral Transport Media
- Swabs
By Sample:
- Blood Samples
- Nasopharyngeal Samples
- Throat Samples
- Nasal Samples
- Cervical Samples
- Oral Samples
- Other Samples
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa (MEA)
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