Specimen Collection Market is Segmented By Product (Collection Kits, Swabs, Containers, Other), By Application(Diagnostics, Research, Other), By End-User(Hospitals & Clinics, Homecare, Diagnostic Centers, Research Laboratories, Others)), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2022-2029.
Specimen Collection Market is expected to reach at a CAGR of 4.99% during the forecast period (2022-2029).
The process of obtaining fluids or tissue for laboratory analysis or near-patient testing is known as specimen collection. The process by which a patient's sample is labelled and is sent for the testing process before the correct diagnosis result is communicated to them by a physician is referred to as specimen or sample tracks.
Specimen Collection Market
Metrics |
Details |
Market CAGR |
4.99% |
Segments Covered |
By Product, By Application, By End-User, and By Region |
Report Insights Covered |
Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights. |
Fastest Growing Region |
Asia Pacific |
Largest Market Share |
North America |
Specimen Collection Market Dynamics
The increasing number of laboratory tests is the factor influencing the growth of the global specimen collection market.
The increasing number of laboratory tests are expected to drive the market growth
Laboratory tests provide important information about a patient's health. The accuracy of test results is important in making accurate diagnostic and therapeutic decisions. Accurate test results require adequate patient preparation, specimen collection, and specimen handling. The integrity of the specimens determines the accuracy of the test results. Laboratory tests are medical tests that use a variety of laboratory equipment to obtain information about a patient's health. These tests necessitate the collection of blood, urine, or other samples from patients to diagnose their specific medical condition and determine the most likely course of treatment. Some of the most important areas of clinical laboratory testing are clinical microbiology, clinical chemistry, hematology, DNA testing, and reproductive biology tests. Complete blood count (CBC), comprehensive metabolic panel, basic metabolic panel, liver panel, lipid panel, HbA1c, HGB/HCT, urinalysis, and thyroid-stimulating hormone are the most common clinical laboratory tests. Hence, the Global Specimen Collection Market is expected to grow with different laboratory tests available.
Problems associated with specimen collection is expected to hamper the market growth
Clotting and inaccurate volume are two of the most common errors during specimen collection and handling. Temperature extremes may also result in specimens being rejected for testing. Clotting jeopardises the integrity of a specimen, rendering it unsuitable for testing. For instance, the submission of an insufficient volume of specimens for testing is one of the most common problems in specimen collection. The laboratory issues a report labelled QNS (quantity not sufficient), and the patient is called back for a repeat collection, which is inconvenient for the patient and the physician.
COVID-19 Impact Analysis
At the start of the COVID-19 pandemic, the challenge was to standardize the format of sample data from various tests conducted across the country. NIC developed the RT-PCR and RATI mobile apps on Android, iOS, and Windows mobiles for ICMR and the web portal to allow phlebotomists (sample collectors) to use the mobile apps web-portal. For instance, the RT-PCR App is a handheld tool for Medical Staff at Sample Collection Centers located throughout the country. The Sample Collection Facility will send samples from various specimens to ICMR labs that will perform the RT-PCR test for COVID-19 confirmation. The ICMR has been notified in advance via the app. Hence, the market is expected to grow during COVID-19.
Specimen Collection Market Segment Analysis
By Product, the collection kits segment is expected to dominate the global specimen collection market
Specimen Collection Kits include everything one needs for simple remote sampling and branding and instructions tailored to specific requirements. For instance, according to the instructions, the Abbott multi-Collect Specimen Collection Kit is intended to collect and transport male and female swab and urine specimens to detect Chlamydia trachomatis and Neisseria gonorrhoeae. Refer to the specimen collection procedure in the package insert for specimen collection. Instructions for collecting specific types of samples.
Due to the increasing demand for specimen collection kits, many companies are launching products. For instance, on September 28th, 2021, Thermo Fisher Scientific launched the Thermo Scientific SpeciMAX Stabilized Saliva Collection Kit, intended to collect saliva safely for research purposes. The SpeciMAX Stabilized Saliva Collection Kit preserves viral nucleic acids in a non-hazardous stabilization solution that inactivates common respiratory viruses for safer sample collection. The kit includes a spill-resistant funnel, a screw cap to secure the sample after collection, and a standardized size tube that fits seamlessly into viral RNA extraction automation workflows for high throughput sample processing.
Specimen Collection Market Geographical Analysis
North America region is expected to hold the largest market share in the global specimen collection market
The increasing number of lab tests for disease diagnosis and better healthcare facilities will drive market growth.
For instance, according to the American Clinical Laboratory Association, clinical laboratory tests save time, money, and lives by allowing early disease detection and prevention. Each year, more than 7 billion clinical lab tests are performed in the United States, providing critical data for a relatively low cost. The increasing product launches in this region are also expected to drive market growth. For instance, on August 3rd, 2021, Sedia Biosciences, a company in the United States, launched the Asanté DNA Specimen Collection Kit and its companion product, the Asanté DNA Purification Kit. The Asanté DNA Specimen Collection Kit is designed to be a low-cost alternative to current methods for DNA specimen collection, with low DNA retention, minimal interfering substances, and ease of use.
Specimen Collection Market Competitive Landscape
The global specimen collection market is highly competitive with mergers, product launches, and agreements. Some of the key players in the market are EKF Diagnostics, Polymedicure, Puritan Medical Collection Kits, COPAN Diagnostics, Becton, Dickinson, and Company, Thermo Fisher Scientific, Inc., Quidel Corporation, Longhorn Vaccines and Diagnostics, LLC, Sedia Biosciences, Medical Wire & Equipment
EKF Diagnostics
Overview: EKF Diagnostics is a global medical device manufacturer specializing in point-of-care (POCT) devices and hemoglobin, glycated hemoglobin (HbA1c), glucose, and lactate tests. The company is headquartered in Cardiff, Wales, founded in 1990 in Barleben, Germany.
Product Portfolio: The company’s product PrimeStore MTM sample collection kit. The kit allows for the easy and safe collection, transportation, and handling of pathogenic samples such as COVID-19 and influenza.
Key Development: On June 1, 2020, EKF Diagnostics received new contracts for the production and supply of a novel, patented sample collection device that allows COVID-19 samples to be rapidly inactivated in the collection tube, avoiding contamination, and preserving RNA without the need for refrigeration.
Frequently Asked Questions
What is the Projected CAGR value of the Specimen Collection Market?
Specimen Collection Market is expected to grow at a CAGR of 10.89% during the forecasting period 2022-2029.
Which region controlled the global market during 2022-2029?
North America region Controls the Specimen Collection Market during 2022-2029
Which is the fastest growing region in the Specimen Collection Market?
Among all regions, Asia Pacific is the fastest growing market share during the forecast period
