Global Virology Specimen Collection Market 2022 – Market Opportunities And Strategies
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The virology specimen collection market is forecasted to achieve high growth in the coming few years with a forecast CAGR (compound annual growth rate) of more than 4%, as per The Business Research Company’s market report!
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The Virology Specimen Collection Market Size In 2022 And Forecast
The global virology specimen collection market is expected to grow from $5.50 billion in 2021 to $5.77 billion in 2022 at a compound annual growth rate (CAGR) of 4.9%. The global virology specimen collection market size is expected to grow to $6.76 billion in 2026 at a CAGR of 4.0%.
The virology specimen collection market consists of sales of a virology specimen collection by entities (organizations, sole traders, and partnerships) that refer to a blood sample taken for examination of specimens to look for any kind of infection.
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The Growing Number Of Blood Donations Is Driving The Growth Of The Virology Specimen Collection Market
For instance, according to WHO, a specialized agency of the United Nations responsible for international public health, in 2020, of the 118.5 million blood donations collected globally, 40% of these are collected in high-income countries, home to 16% of the world’s population. In low-income countries, up to 54 % of blood transfusions are given to children under 5 years of age, whereas, in high-income countries, over 60s are the most frequently transfused patient group, accounting for up to 75 percent of all transfusions. The blood donation rate in high-income countries is 31.5 donations per 1000 people, 15.9 donations in upper-middle-income countries, 6.8 donations in lower-middle-income countries, and 5.0 donations in low-income countries, according to 1000-person samples. Therefore, demand for virology specimen collection is predicted to rise as the prevalence of increases in the number of blood donations.
Competitive Landscape And The Regional Analysis Of The Virology Specimen Collection Market
Major players in the virology specimen collection market are Puritan Medical Products Co., Becton, Dickinson and Company, Quidel Corporation, Thermo Fisher Scientific Inc., Trinity Biotech, Titan Biotech Ltd., DiaSorin SA, Vircell S.L., Copan Italia S.P.A, Hardy Diagnostics and Laboratory Corporation of America Holdings.
Additionally, as per TBRC’s research – North America was the largest region in the virology specimen collection market in 2021 holding the largest market share and Asia-Pacific is expected to be the fastest-growing region in the forecast period.
The Virology Specimen Collection Global Market Report 2022 covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the virology specimen collection market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the virology specimen collection market.
Technological Advancement – A Key Trend In The Virology Specimen Collection Market
Technological advancements, ranging from automated sample isolation to real-time amplification technology, have enabled the development and introduction of systems for the majority of clinically relevant viruses, as well as the acquisition of clinically relevant information for optimal antiviral treatment options.
Virology Specimen Collection Market Segmentation By The Business Research Company
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, Others
3) By Method: Manual, Automated
4) By Application: Diagnostic, Therapeutic
Here Are Some Reports Related To The Virology Specimen Collection Market –
Blood Collection Devices Global Market Report 2022
Blood And Blood Components Market Report 2022
Patient Blood Management Global Market Report 2022
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