The bacterial and viral specimen collection market consists of product and equipment primarily used for collection of biological samples to detect the presence of bacterial or viral infection in humans. Devices such as viral collection kits, bacterial collection kits, viral collection swabs, bacterial swabs, and viral transport media are commonly used for specimen collection. Such collection devices are easy to use and provide safe and reliable means to collect and transport samples from patients. The global outbreak of COVID-19 pandemic has further boosted the demand for bacterial and viral specimen collection products for diagnostic testing purposes.
The Global bacterial and viral specimen collection market is estimated to be valued at US$ 29423.6 Mn in 2024 and is expected to exhibit a CAGR of 13% over the forecast period 2024 to 2031.
Key Takeaways
Key players operating in the bacterial and viral specimen collection are Thermo Fisher Scientific Inc., Quidel Corporation, Puritan Medical Products, Becton, Dickinson and Company, COPAN Diagnostics Inc., Longhorn Vaccines and Diagnostics LLC, Medical Wire Equipment, Trinity Biotech PLC, HiMedia Laboratories Pvt. Ltd. These players are focusing on new product launches and geographical expansion to strengthen their market position.
The Bacterial And Viral Specimen Collection Market Insights provides significant opportunities such as increasing applications of specimen collection devices in emerging infectious disease diagnosis. Growing research on novel specimen collection techniques is another key opportunity area.
Rising global burden of infectious diseases especially in developing nations has accelerated the need for reliable diagnostic infrastructure. Key market players are expanding their manufacturing and distribution facilities across Asia Pacific and Latin American regions.
Market drivers
The major market driver has been the ongoing COVID-19 pandemic. Significant increase in number of COVID-19 testing coupled with need for rapid and widespread specimen collection has boosted the bacterial and viral specimen collection market growth. Expanding applications of bacterial and viral specimen collection devices in clinical microbiology, virology, and biobanking is expected to further support the market demand during the forecast period.
PEST Analysis
Political: Regulations regarding specimen collection methods and guidelines on safe specimen handling procedures issued by regulatory bodies influence the market.
Economic: Growing healthcare spending and increasing incidence of infectious diseases positively impact market growth.
Social: Rising awareness about infectious disease diagnosis and management supports market expansion.
Technological: Automation of laboratory processes and development of self-collection kits accelerate market trends. Computer algorithms help analyze microbiome data for personalized diagnostics and treatment.
The geographical regions where the bacterial and viral specimen collection market is concentrated in terms of value are North America and Europe. In North America, growing prevalence of infectious diseases alongside rising healthcare costs drive substantial market revenue. Large number of laboratories and hospitals facilitate wide availability of specimen collection products. In Europe, favorable government funding for healthcare sector along with presence of leading industry players propel the regional market.
The fastest growing region for the bacterial and viral specimen collection market is Asia Pacific. Burgeoning population, improving healthcare infrastructure and increasing healthcare expenditure fuel market growth in Asia Pacific. Rapid economic development in countries such as China and India augment the demand for infectious disease diagnosis and management. Rising incidence of hospital acquired infections necessitates effective specimen collection procedures. Favorable regulatory assistance and presence of contract research organizations support market expansion.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
About Author – Vaagisha Singh
Vaagisha brings over three years of expertise as a content editor in the market research domain. Originally a creative writer, she discovered her passion for editing, combining her flair for writing with a meticulous eye for detail. Her ability to craft and refine compelling content makes her an invaluable asset in delivering polished and engaging write-ups. LinkedIn