The latest published report by Polaris Market Research The report “COVID-19 Sample Collection Kits Market Share, Size, Trends, Industry Analysis Report, By Product (Swabs, Viral Transport Media, Blood Collection Kits, Others); By Application (Diagnostics, Research); By Collection Site (Hospitals & Clinics, Home Test), By Regions; Segment Forecast, 2021 – 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.
Market Overview:
The Global COVID-19 Sample Collection Kits Market Size Is Estimated to Be $12.83 Billion In 2020 and Projected To Reach $16.56 Billion By 2028, At A CAGR Of 2.3% From 2021 – 2028. Asia Pacific COVID-19 sample collection kits industry is expected to witness a lucrative growth rate over the assessment period. This is since, this pandemic tends to hit countries more severely, owing to its fragile and underfunded healthcare systems, as there is a disparity between need and purchasing power capacity for preventive measures.
Countries in the region actively engaged in containing COVID-19 infection spread. For instance, in November 2020, ICMR introduced an ambulatory covid-19 RT-PCR lab at its facility. The government has also announced to establish more labs to boost COVID-19 testing.
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Competitive Outlook:
COVID-19 sample collection kits industry participants such as Lucence Diagnostics Pte Ltd., Laboratory Corporation of America Holdings, Trinity Biotech, Puritan Medical Products, Danaher Corporation, Becton, Dickinson and Company, Thermo Fisher Scientific, Inc., COPAN Diagnostics, Hardy Diagnostics, Quidel Corporation, Quest Diagnostics, Vitagene Inc., HiMedia Laboratories, and VIRCELL S.L. are some of the key players operating in the COVID-19 sample collection kits industry.
Players and organizations across the globe are developing innovative products for sample collection. In line with this, in January 2021, the India-based, Defence Research, and Development Organization (DRDO) introduced COVSACK, a sample collection kiosk for the health practitioners to collect samples, without any need of PPE kits.
Market Insight:
In 2020, the swabs COVID-19 sample kits industry segment accounted for the largest share. This high share is attributed to the reliance on several approved diagnostic products on the use of nasopharyngeal swabs. As per CDC, samples could also be collected from the respiratory tract, when the use of nasopharyngeal swabs is not sufficient.
Key players in the market for COVID-19 sample collection kits are employing several market strategies to accelerate the supply of products for coronavirus sampling. In line with this, in November 2020, Puritan has received funding of more than USD 11.6 million for the expansion of swab production to cater to the demand of around 3 million swabs in a month. The company has also received additional funding from Paycheck Protection Program.
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However, the blood collection kits segment is projected to witness a lucrative market growth rate over the assessment period. Such growth is due to approvals in the blood-related detection tests. For instance, in November 2020, U.S.-based company AnPac Bio-Medical announced the approval of its EUA-antibody test by the FDA for Roche’s Elecsys Anti Sars-COV-2 test.
Regional Insights:
North America emerged as the dominating region for the global market of COVID-19 sample collection kits and is expected to grow at a higher CAGR over the forecast period. The regional market growth is attributed to the rise in cases of COVID-19 and increasing efforts by the government to contain the spread of the virus. Europe is anticipated to emerge as the second-largest market owing to the growing prevalence of COVID-19 infections. The market of Asia Pacific is projected to grow as the largest revenue contributor region on account of increasing government support and rise in funding by the public-private organization to meet the growing necessity for rapid testing kits.
Target Audience:
- Supply Side: Medical Device and Equipment Manufacturers and Suppliers
- Demand Side: Hospital, Clinic, Medical Research Center
- Regulatory Side: World Health Organization (WHO)
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Table of Contents
Introduction
Executive Summary
Research Methodology
COVID-19 Sample Collection Kits Market Insights
COVID-19 Sample Collection Kits Market Assessment by Product
- Swabs
- Nasopharyngeal (NP) swabs
- Oropharyngeal (OP) swabs
- Nasal swabs
- Viral Transport Media
- Blood Collection Kits
- Other Consumables
COVID-19 Sample Collection Kits Market, by Application
- Diagnostics
- Research
COVID-19 Sample Collection Kits Market Assessment by Collection Site
- Hospitals & Clinics
- Home Test
COVID-19 Sample Collection Kits Market Assessment by Geography
The report can be customized on the basis of regional analysis, segment analysis, industry outlook and competitive analysis. Some of the major focus points which are covered in the report include:
- Industry Trends, opportunity and challenges in the market
- Role of key players across the value chain
- End-User analysis to define the market strategy
- Competitive mapping
- Regional and country level breakdown
These insights are included in the report which would help you to have a realistic overview of the overall market including the competition, investment opportunities, restraints and challenges, regulatory factors which might affect the market growth. Moreover, the report would help to identify the regional market growth opportunities for different segments covered in the report.
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