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What Are The Growth Projections For The Virology Specimen Collection Market Size During 2025–2029?
The virology specimen collection market size has grown strongly in recent years. It will grow from $6.6 billion in 2024 to $6.96 billion in 2025 at a compound annual growth rate (CAGR) of 5.5%. The growth in the historic period can be attributed to disease outbreaks and pandemics, infectious disease research, public health initiatives, quality assurance and regulation, remote and home testing.
The virology specimen collection market is projected to experience substantial expansion in the coming years. By 2029, its value is set to reach $8.77 billion, demonstrating a compound annual growth rate (CAGR) of 5.9%. This projected growth during the forecast period stems from factors such as global health preparedness, pandemic response infrastructure, surveillance and monitoring programs, government funding and grants, and the proliferation of rapid diagnostic tests. Significant trends emerging in the forecast period encompass self-collection kits, point-of-care specimen collection, integrated specimen collection devices: digital health platforms, telemedicine and e-health.
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What Are The Main Drivers Boosting The Virology Specimen Collection Industry’s Expansion?
The growth of the virology specimen collection market is driven by the increasing number of blood donations. A greater volume of blood samples leads to an escalation in the examination and detection of viruses in the blood through the virology specimen collection method. For instance, in June 2023, the World Health Organization (WHO), a Switzerland-based specialized agency of the United Nations responsible for international public health, reported that approximately 118.54 million blood donations were gathered globally. High-income countries, which constitute about 16% of the world’s population, accounted for 40% of these donations. Furthermore, around 13,300 blood centers across 169 countries reported collecting a total of 106 million donations. Consequently, demand for virology specimen collection is projected to rise with the growing prevalence of blood donations.
Which Key Segments Fueling The Virology Specimen Collection Market?
The virology specimen collectionmarket 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
Which Key Trends Are Expected To Influence The Virology Specimen Collection Market In The Coming Years?
The virology specimen collection market is being reshaped by advancements in technology. These technological progresses, ranging from automated sample isolation to real-time amplification technology, have enabled the creation and implementation of systems for most clinically relevant viruses, alongside obtaining crucial information for optimal antiviral treatment choices. For example, in August 2023, Nightingale Health Plc, a health technology company based in Finland, launched a remote blood collection kit for its medical research and clinical trial customers. Utilizing the Nightingale Kit and its self-collection tool, research participants can prick their own finger to get their own blood sample. This considerably boosts flexibility and makes available study options that were previously constrained by logistical and geographical barriers. Moreover, remote blood collection can be seamlessly and affordably integrated into research because Nightingale Health provides both sample collection and sample analysis services.
Which Major Firms Are Strengthening Their Position In The Virology Specimen Collection Industry?
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.
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How Does The Virology Specimen Collection Market Perform Across Key Geographic Regions?
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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