Global Sample Collection Market, By Sample Type (Blood, Stool, Urine), Method (Manual, Automated), Applications (Diagnostics, Treatment), End Users (Hospital, Diagnostics Centers, Blood Banks, Others) – Industry Trends and Forecast to 2029
Market Analysis and Size
The ageing population, rising disease burden, subsequent increase in surgeries, and rising per capita healthcare spending are predicted to propel the global sample collection kits market. The COVID-19 test uses a Q-tip nose swab as the gold standard, which is anticipated to increase demand for swabs for sample collection kits.
Data Bridge Market Research analyses that the sample collection market which was USD 549.5 million in 2021, would rocket up to USD 1164.27 million by 2029, and is expected to undergo a CAGR of 9.84% during the forecast period 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Report Scope and Market Segmentation
2022 to 2029
2020 (Customizable to 2014 - 2019)
Revenue in USD Million, Volumes in Units, Pricing in USD
Sample Type (Blood, Stool, Urine), Method (Manual, Automated), Applications (Diagnostics, Treatment), End Users (Hospital, Diagnostics Centers, Blood Banks, Others)
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.
Market Players Covered
Lucence Health Inc. (Singapore), Hardy Diagnostics (U.S.), Smiths+Medical (U.S.), BNTX Inc. (Germany), Thermo Fisher Scientific, Inc. (U.S.), Puritan Medical Products (U.S.), COPAN Diagnostics Inc. (U.S.), Preq Systems (India), Mitra Industries Private Limited (India), Medline Industries, Inc. (U.S.), Terumo BCT Inc. (U.S.), F.L. Medical S.R.L. (Italy), BD (U.S.), Kawasumi Laboratories (U.S.), Formlabs (U.S.), Quest Diagnostics Incorporated (U.S.), Laboratory Corporation of America Holdings (U.S.), AB Medical (U.S.), HiMedia Laboratories (India), Vircell S.L. (Spain)
The process of obtaining a sample of a bodily substance for use in a chemical analysis is referred to as sample collection. Sample collection tubes are sterilized glass or plastic tubes, used to collect different samples from a patient’s body. These tubes are used to collect blood, urine, and serum samples.
Sample Collection Market Dynamics
- Increased occurrence of infectious diseases
Over the forecast period of 2022 to 2029, the market for sample collection is expected to be driven by the increased occurrence of infectious diseases. The expansion of the target market is also being aided by the rise in non-communicable diseases and accident and trauma cases. The market size for sample collection is also expanding due to factors such as the rising use of liquid biopsy tests, rising surgeries, growing geriatric population, rising demand for blood donations and blood components, rising incidence of infectious diseases, and rising awareness of disease symptoms.
- Rising need for apheresis
The target market is actively expanding due to the rising need for apheresis. Additionally, technological developments in blood collection methods and products, together with technological developments for effective and safer sample collection, will create a number of new growth possibilities for the sample collection market throughout the forecast period.
- Government reimbursement policies
The ageing population is driving the sample collecting devices market, government reimbursement policies, decreased sample contamination by pathogens, and decreased danger of odour and leakage. The CDC has started working with the South African government to create national HIV clinical and research guidelines, provide epidemiology training, and support HIV & TB programmes, all of which will have an impact on the world's sample collecting technologies.
During the forecast period, industrialization of healthcare and rising healthcare expenditures globally are anticipated to propel market expansion. The demand for medical services and goods will rise due to the projected 12.5 percent increase in world population between 2020 and 2040, which will grow at a CAGR of 1.1 %. Due to an increase in demand for sample collection tubes across numerous applications, including clinical testing and research, the global market for sample collection tubes has tremendous growth potential between 2021 and 2030.
- High costs coupled with automated devices
However, the high costs coupled with the automated devices will hamper the growth of the sample collection market in the forecast period of 2022 to 2029. The complication of storage and shipping along with the lack of skilled professionals will pose a challenge towards the market's growth in the above mentioned forecast period.
- Lack of skilled professionals
All healthcare workers are concerned about unintentional exposure to blood-borne pathogens, and the sample collection devices market is hindered by needlestick and sharp injuries, rising blood handling device costs, patient safety risks associated with the potential of infectious disease transmission, and a lack of professionals skilled in using sample collection equipment impede the market growth.
This sample collection market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized 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 the sample collection market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Sample Collection Market
There has been a spike in the demand for medical supplies, the majority of medical devices used in primary clinical therapy are respiratory support devices such oxygen generators, monitors, life support machines, and atomizers. Additionally, COVID-19 has caused a significant increase in demand for medical goods such masks, gloves, and protective eyewear. Due to preventive measures, there is an increase in the demand for medical supplies from both healthcare professionals and the general public due to the rise in COVID-19 cases globally. The producers of these goods have the opportunity to take advantage of the rising demand for medical supplies in order to guarantee a sufficient and ongoing supply of personal protective equipment on the market.
Global Sample Collection Market Scope
The sample collection market is segmented on the basis of sample type, method, application and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
- Diagnostics Centers
- Blood Banks
Sample Collection Market Regional Analysis/Insights
The sample collection market is analysed and market size insights and trends are provided by country, sample type, method, application and end-user as referenced above.
The countries covered in the sample collection 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 region leads the sample collection market due to the highly developed healthcare infrastructure along with an increase in R&D activities in the region.
Asia-Pacific is expected to grow at the highest rate during the forecast period of 2022 to 2029 because of the growing disposable income and increasing prevalence of sepsis and HAI in this particular region.
The country section of the 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 like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the 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.
Competitive Landscape and Sample Collection Market Share Analysis
The sample collection 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 sample collection market.
Some of the major players operating in the sample collection market are:
- Lucence Health Inc. (Singapore)
- Hardy Diagnostics (U.S.)
- Smiths Medical (U.S.)
- BNTX Inc. (Germany)
- Thermo Fisher Scientific, Inc. (U.S.)
- Puritan Medical Products (U.S.)
- COPAN Diagnostics Inc. (U.S.)
- Preq Systems (India)
- Mitra Industries Private Limited (India)
- Medline Industries, Inc. (U.S.)
- Terumo BCT Inc. (U.S.)
- F.L. Medical S.R.L. (Italy)
- BD (U.S.)
- Kawasumi Laboratories (U.S.)
- Formlabs (U.S.)
- Quest Diagnostics Incorporated (U.S.)
- Laboratory Corporation of America Holdings (U.S.)
- AB Medical (U.S.)
- HiMedia Laboratories (India)
- Vircell S.L. (Spain)