Global Specimen Containers Market – Industry Trends and Forecast to 2029

Specimen Containers Market Analysis and Size

The specimen containers market is expanding as a result of the rising need for specimen containers in hospitals and academic institutions around the world. The global demand for specimen containers in hospitals and universities is rising as more people are being diagnosed with chronic diseases such as diabetes, cancer, and cardiovascular disorders.

Data Bridge Market Research analyses that the specimen containers market which was USD 1,898.50 million in 2021, would rocket up to USD 2804.95 million by 2029, and is expected to undergo a CAGR of 5.00% 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.

Specimen Containers Market Scope and Segmentation      

Market Definition

Specimen containers are devices that are used to store and move samples, such as blood or urine, for laboratory analysis. They can be produced from materials such as polypropylene (PP) plastic or glass in a variety of designs, such as screw-on lidded jars, cups, vacuum-sealed bags, and sharps containers.

Specimen Containers Market Dynamics

Drivers

• Growing number of patients

With rapid technological advancements over the last few decades, the global healthcare sector has significantly changed. Numerous elements support the growth of specimen containers. Population growth causes a rise in healthcare facility demand and a rise in healthcare facility quality. Despite the turmoil the global healthcare sector is currently experiencing as a result of numerous healthcare reforms, it is anticipated that it will meet the demands of the growing number of consumer-patients.

• Increasing chronic diseases

The prevalence of chronic diseases, the incidence of infectious diseases, the rise in accidents and trauma cases, and the development of biopsy tests are the main reasons fuelling the market's expansion. Heart disease or cardiac dysfunction is one of the leading causes of death worldwide.

Opportunities

• Rise in number of clinics

Governments in emerging nations have taken a number of measures to guarantee that the healthcare sector keeps up with the growing population. Consequently, it is anticipated that the market for specimen containers would experience rapid expansion as the number of hospitals and clinics increases.

Restraints/Challenges

On the other hand, the environmental laws regarding type of material used and landfill problems occurring due to paper and plastic will obstruct the market's growth rate. The dearth of skilled professionals and lack of healthcare infrastructure in developing economies will challenge the specimen containers market.

This specimen containers 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 specimen containers 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 Specimen Containers Market

The COVID-19 pandemic in 2020 will also have a beneficial effect on market growth. The demand for patient at-home sample collection services has significantly increased as a result of the increase in swab specimen collection by laboratories. Additionally, gathering patient samples like sputum, blood, urine, and others is a typical method for examining and identifying infections like coronavirus in the body. The specimen container market is expanding in terms of both revenue and sales volume thanks to this trend. However, environmental regulations concerning the materials used and problems with paper and plastics in landfills are impeding the market's expansion.

Global Specimen Containers Market Scope

The specimen containers market is segmented on the basis of raw material, product, colors and type of neck. 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.

Raw Material

• HDPE
• PP
• PVC
• Others

 Product

• Collection Cups
• Graduated Bottles
• Airtight containers
• Jars
• Vials
• Others

Colors

• Clear
• Translucent
• Opaque

Type of Neck

• Narrow mouth
• Wide mouth
• Pour Spout

Specimen Containers Market Regional Analysis/Insights

The specimen containers market is analysed and market size insights and trends are provided by country, raw material, product, colors and type of neck as referenced above.

The countries covered in the specimen containers 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 specimen containers market due to the high quality of healthcare services and healthcare expenditure.

Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2022 to 2029 due to the increasing expenditure and adoption of advanced technologies in healthcare.

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 Specimen Containers Market Share Analysis

The specimen containers 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 specimen containers market.

Some of the major players operating in the specimen containers market are:

• Cardinal Health (U.S.)
• Sterimed (France)
• BD (U.S.)
• Thermo Fisher Scientific Inc. (U.S.)
• Envases Group (U.S.)
• Kartell P.I. (Italy)
• SARSTEDT AG & Co. KG (Germany)
• FL MEDICAL s.r.l. (Italy)
• Vernacare (U.K.)
• VITLAB GmbH (Germany)
• Wanpow Plastic Industries Sdn Bhd. (Malaysia)
• Dynarex Corporation (U.S.)

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