Global COVID-19 Sample Collection Kits Market, By Product (Swabs, Viral Transport Media, Blood Collection Kits, Other Consumables), Application (Diagnostics, Research), Site of Collection (Hospitals and Clinics, Home Test), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, U.A.E, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
COVID-19 sample collection kits market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to account to USD 2,988.55 million by 2028 growing at a CAGR of 5.32% in the above-mentioned forecast period. The growing awareness amongst the patients regarding the benefits of COVID-19 sample collection kits which will further contribute various opportunities that will led to the growth of the market.
The sample collection kit mean the vitals and reagents needed for the collection of samples for use and will be delivered to the laboratory where the testing services will be carried out on such a sample. Due to the outbreak of COVID-19 globally, the high demand for sample collection kits and the approval by authorities of new and advanced detection tests are the main factors that are expected to drive market development.
Surging volume of patients suffering from corona virus across the globe, rising prevalence of geriatric population, increasing levels of funds and investment for the development of medicines and advanced machines for testing as well as diagnosis of virus, various mergers and collaborations has been taken place to increase the production of sample test kits are some of the major as well as important factors which will likely to accelerate the growth of the COVID-19 sample collection kits market in the forecast period of 2021-2028. On the other hand, growing initiatives taken by government for the prevalence of medication along with increasing number of government as well as private laboratories which will further contribute by generating immense opportunities that will lead to the growth of the COVID-19 sample collection kits market in the above mentioned projected timeframe.
Unavailability of test kits and lack of advance medical facilities in developing economies which will likely to hinder the growth of the COVID-19 sample collection kits market in the above mentioned projected timeframe. Lack of laboratory based reagents will become the biggest and foremost challenge for the growth of the market.
This COVID-19 sample collection kits market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on COVID-19 sample collection kits market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global COVID-19 Sample Collection Kits Market Scope and Market Size
COVID-19 Sample Collection Kits market is segmented on the basis of product, application, and site of collection. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- Based on product, the COVID-19 sample collection kits market is segmented into swabs, viral transport media, blood collection kits, and other consumables. Swabs have been further segmented into nasopharyngeal (NP) swabs, oropharyngeal (OP) swabs, and others.
- COVID-19 sample collection kits market has also been segmented based on the application into diagnostics, and research.
- Based on site of collection, the COVID-19 sample collection kits market is segmented into hospitals and clinics, and home test.
COVID-19 Sample Collection Kits Market Country Level Analysis
COVID-19 sample collection kits market is analysed and market size insights and trends are provided by country, product, application, and site of collection as referenced above.
The countries covered in the COVID-19 sample collection kits market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the COVID-19 sample collection kits market due to the increasing number of research and development activities along with prevalence of favourable government policies in the region, while Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2021 to 2028 due to the surging levels of private as well as government investment for research and development activities along with increase in healthcare management.
The country section of the COVID-19 sample collection kits market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
COVID-19 sample collection kits market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment’s, installed base of different kind of products for COVID-19 sample collection kits market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the COVID-19 sample collection kits market. The data is available for historic period 2010 to 2019.
Competitive Landscape and COVID-19 Sample Collection Kits Market Share Analysis
COVID-19 sample collection kits market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to COVID-19 sample collection kits market.
The major players covered in the COVID-19 sample collection kits market report are Abbott; altona Diagnostics GmbH; F. Hoffmann-La Roche Ltd; QIAGEN; Sensing Self; BioMaxima SA; CTK Biotech, Inc; VivaChek Biotech (Hangzhou) Co., Ltd.; Thermo Fisher Scientific Inc.; Siemens Healthcare GmbH; Seegene Inc; Curetis.; SolGent Co., Ltd; Mologic; Assay Genie.; Maccura Biotechnology Co., Ltd.; Cepheid; BD; Everlywell, Inc.; Sansure biotech inc.; Lucence Diagnostics Pte. Ltd.; among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.