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What key factors are powering the surge in the virology specimen collection market right now?

In recent times, the virology specimen collection market has seen substantial growth. It is projected to rise from a worth of $6.6 billion in 2024 to $6.98 billion in 2025, reflecting a compound annual growth rate (CAGR) of 5.7%. The significant growth during the historical period is primarily because of disease outbreaks and pandemics, research on infectious diseases, initiatives related to public health, regulation and quality assurance, as well as the advent of remote and at-home testing.

How fast Is the virology specimen collection market expected to grow, and what’s its future value?

The market size for virology specimen collection is anticipated to experience robust expansion in the coming years. By 2029, it’s predicted to reach a size of $8.84 billion, with a compound annual growth rate (CAGR) of 6.1%. The projected growth during the forecast period can be linked to factors such as global health readiness, infrastructure for pandemic response, surveillance and monitoring schemes, governmental financial support and grants, and the rising trend in quick diagnostic tests. Noteworthy tendencies for the forecast period encompass self-collection kits, point-of-care specimen collection, comprehensive specimen collection tools: digital health platforms, telemedicine, and e-health.

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What are the leading drivers of growth in the virology specimen collection market?

The virology specimen collection market is expanding due to the growing number of blood donations worldwide. The increase in blood samples has led to an increased need to test and identify viruses using virology specimen collection methods. The World Health Organization, a Switzerland-based United Nations agency specializing in international public health, reported in June 2023 that approximately 118.54 million blood donations were made globally. High income countries, which only make up 16% of the world population, contributed to 40% of these donations. The report also stated that about 13,300 blood centers in 169 countries accumulated a sum of 106 million donations. Consequently, the prevalence of rising blood donations is expected to fuel the demand for virology specimen collection.

What are the key segments defining the virology specimen collection market?

The virology specimen collection market covered in this report is segmented –

1) By Product Type: Blood Collection Kits, Specimen Collection Tubes, Viral Transport Media, Swabs

2) By Sample: Blood Samples, Nasopharyngeal Samples, Throat Samples, Nasal Samples, Cervical Samples, Oral Samples, Other Samples

3) Method: Manual, Automated

4) Application: Diagnostic, Therapeutic

Subsegments:

1) By Blood Collection Kits: Vacuum Blood Collection Tubes, Syringe Blood Collection Kits

2) By Specimen Collection Tubes: EDTA Tubes, Serum Separation Tubes, Heparin Tubes

3) By Viral Transport Media: Liquid Media, Dry Media

4) By Swabs: Nasopharyngeal Swabs, Oropharyngeal Swabs, Urethral Swabs

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Who are the key players steering the development of the virology specimen collection market?

Major companies operating in the virology specimen collection market include Puritan Medical Products Co. LLC, Becton Dickinson and Company, Quidel Corporation, Thermo Fisher Scientific Inc., Trinity Biotech plc, DiaSorin S.p.A., Vircell S.L., Copan Italia S.p.A., Hardy Diagnostics, Laboratory Corporation of America Holdings, ZeptoMetrix Corporation, Copan Diagnostics Inc., Bionote Inc., F. Hoffmann-La Roche Ltd, Meridian Bioscience Inc., Hologic Inc., Cepheid Inc., Bio-Rad Laboratories Inc., GenMark Diagnostics Inc., Luminex Corporation, Abbott Laboratories, BioFire Diagnostics LLC, Randox Laboratories Ltd., Savyon Diagnostics Ltd., Seegene Inc., Serosep Ltd., SolGent Co. Ltd., TECOmedical AG, Vela Diagnostics, Zybio Inc.

What emerging trends are influencing the growth of the virology specimen collection market?

The virology specimen collection market is being formed by cutting-edge technology. Innovations in technology, such as automatic sample isolation and real-time amplification technology, have paved the way for the development and launch of systems for most clinically relevant viruses. These also assist in gathering essential clinical data for the best antiviral treatment alternatives. As an illustration, Nightingale Health Plc, a Finnish health tech firm, unveiled a remote blood collection kit tailored for its clinical trial and medical research clients in August 2023. The Nightingale Kit and its self-collection tool allow research participants to self-collect their blood samples by pricking their finger, introducing an increased level of flexibility and broadening previously logistics and geography-limited study opportunities. Moreover, with services encompassing sample collection and analysis, Nightingale Health makes the incorporation of remote blood collection into research seamless and cost-effective.

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Which regions are most influential in expanding the virology specimen collection market?

North America was the largest region in the virology specimen collection market share in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the virology specimen collection market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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