The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s virology specimen collection market report forecasts the virology specimen collection market size to grow to $7.2 Billion by 2027, with a CAGR (compound annual growth rate) of more than 4%.

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Virology Specimen Collection Market Size Forecast
The global virology specimen collection market is expected to grow from $5.79 billion in 2022 to $6.13 billion in 2023 at a compound annual growth rate (CAGR) of 5.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The virology specimen collection market size is expected to grow to $7.2 billion in 2027 at a CAGR of 4.1%.

North America held the largest virology specimen collection market share, and Asia-Pacific was the fastest-growing region in 2022.

Key Virology Specimen Collection Market Driver ­– Growth In Number Of Blood Donations
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 persons, 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 increase in the number of blood donations.

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Key Virology Specimen Collection Market Trend – Technological Development
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. For instance, in 2020, BD (Becton, Dickinson, and Company), a leading worldwide medical technology company, announced that the BD Vacutainer UltraTouchTM Push Button Blood Collection Set (BCS) with Preattached Holder has received the CE mark in Europe. The device with the preattached holder is being released in the United States under the BD Vacutainer UltraTouchTM Push Button BCS, which was previously cleared. The one-handed safety activation of the push button allows doctors to attend to the patient and venipuncture site while activating the safety mechanism. The preattached holder helps assure OSHA single-use holder compliance by protecting against inadvertent needlestick injury from the non-patient (tube-side) needle. The wing set comes as a single sterile item with a pre-assembled holder.

Virology Specimen Collection Market Segment
1) By Product Type: Blood Collection Kits, Specimen Collection Tubes, Viral Transport Media, Swabs
2) By Sample: Blood Samples, Nasopharyngeal Samples, Throat Samples, Nasal Sampls, Cervical Samples, Oral Samples, Other Samples
3) By Method: Manual, Automated
4) By Application: Diagnostic, Therapeutic

Virology Specimen Collection Market Major Players and Strategies
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.

In 2021, DiaSorin S.p.A., an India-based laboratory diagnostics market, specializing in the immunodiagnostics and molecular diagnostics segments acquired Luminex Corporation for $ 1.8 billion. With this acquisition, DiaSorin will get access to Luminex’s multiplexing technology and a portfolio that will complement its current offering while also growing the Group’s position in the United States as a result. This agreement will also enable access to Luminex’s applications across the Life Science industry, facilitating academic and scientific research, strengthening interaction with biopharma businesses, and enhancing access to clinical multiplexing assays for future Value-Based Care projects. Luminex Corporation is a US-based developer, manufacturer, and marketer of biological testing technologies in the clinical diagnostic and life science industries.

The Virology Specimen Collection Global Market Report 2023 covers regional data on virology specimen collection market size, virology specimen collection market trends and drivers, opportunities, strategies, and virology specimen collection market competitor analysis. 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, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

A virology specimen is a blood sample taken for examination of specimens in order to look for any type of infection.The virus isolation specimens should be collected within four days of the onset of sickness, as virus shedding reduces significantly after that. Virus cultures are not useful for specimens taken more than 7 days after the onset of sickness, with a few exceptions to be used by government health authorities, hospitals, clinicians, and laboratories that are collecting relevant clinical samples for diagnosis.

View More Reports Related To The Virology Specimen Collection Market –
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