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 2031.
Sample Collection Market Analysis and Size
The key factors driving the global sample collection market are the aging population, rising disease burden, the subsequent increase in surgeries, and rising per capita healthcare spending. 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. Moreover, 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, rising demand for blood donations and blood components, rising incidence of infectious diseases, and rising awareness of disease symptoms.
Furthermore, technological advancements in diagnostic methods, such as genomics, proteomics, and molecular diagnostics, have increased the demand for high-quality and diverse sample types. This, in turn, will extend profitable opportunities for the market players in the forecast period of 2023 to 2030 by enabling more comprehensive sampling. However, the high costs coupled with the automated devices will hamper the growth of the sample collection market in the forecast period of 2023 to 2030. The complication of storage and shipping, along with the lack of skilled professionals, will pose a challenge to the market's growth in the above-mentioned forecast period.
Data Bridge Market Research analyzes that the global sample collection market, which was USD 579.22 million in 2023, is expected to reach USD 1,199.41 million by 2031, and is expected to undergo a CAGR of 9.90% during the forecast period. “Hospital” dominates the end user segment of the sample collection market due to the growing demand for products. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Sample Collection Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2024 to 2031
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Base Year
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2023
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Historic Years
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2022 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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By Sample Type (Blood, Stool, Urine), Method (Manual, Automated), Applications (Diagnostics, Treatment), End Users (Hospital, Diagnostics Centers, Blood Banks, Others)
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Countries Covered
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U.S., Canada, Mexico, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, 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
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Market Players Covered
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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)
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Market Opportunities
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Market Definition
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.
Global Sample Collection Market Dynamics
Drivers
- Increased occurrence of infectious diseases
The most major element driving this market's growth is the rising prevalence of increased occurrence of infectious diseases. Outbreaks of infectious diseases, such as COVID-19, Ebola, and Zika, have highlighted the importance of rapid and accurate diagnostic testing. The rising occurrence of infectious diseases drives the demand for diagnostic tests, which, in turn, fuels the need for sample collection materials and methods. 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, and rising surgeries, which is expected to drive the market in the forecast period
- Rising need for apheresis
The target market is actively expanding due to the rising need for apheresis. In addition, 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 aging population is driving the sample collecting devices market, government reimbursement policies, decreased sample contamination by pathogens, and decreased danger of odor 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 programs, all of which will have an impact on the world's sample-collecting technologies.
Opportunity
- Technological Advancement of therapies for the treatment
The development of novel sample collection devices, such as liquid biopsy tools, microsampling techniques, and minimally invasive methods, has expanded the range of samples that can be collected, making it easier and more convenient for both healthcare providers and patients.
Moreover, the pharmaceutical and biotechnology industries rely on high-quality samples for clinical trials and research. Efficient sample collection methods are crucial to support drug development and personalized medicine. This, in turn, will extend profitable opportunities for the market players in the forecast period of 2023 to 2030 by enabling more comprehensive sample collections.
Restraints/Challenges
- Supply Chain Disruptions
Another significant restraint in the Global Sample Collection Market is the potential for supply chain disruptions. The sample collection process often involves the use of specialized materials, such as collection kits, storage containers, and transportation solutions. Any disruption in the supply chain, whether due to geopolitical issues, natural disasters, or global health crises, can lead to shortages or delays in obtaining these essential materials. Such disruptions can hinder the smooth flow of sample collection operations, impacting research timelines, clinical trials, and diagnostic processes. Developing resilient and diversified supply chains becomes crucial to mitigate the risk of disruptions in the sample collection market.
- Standardization and Quality Control
The accuracy and reliability of research and diagnostic outcomes heavily depend on the quality of collected samples. Variability in collection methods, storage conditions, and transportation processes can introduce inconsistencies, affecting the reproducibility of results. Establishing and maintaining standardized procedures, along with implementing robust quality control mechanisms, is crucial to overcome this challenge and ensure the integrity of collected samples for scientific and clinical purposes.
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.
Recent Development
- In January 2021, Medtronic announced the first enrolment in its trial evaluating the safety of adaptive deep brain stimulation (aDBS) in patients with Parkinson’s disease
Global Sample Collection Market Scope
The sample collection market is segmented on the 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.
Sample Type
- Blood
- Stool
- Urine
Method
- Manual
- Automated
Applications
- Diagnostics
- Treatment
End Users
- Hospital
- Diagnostics Centers
- Blood Banks
- Others
Global 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, Mexico, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, rest of Asia-Pacific, Brazil, Argentina, and rest of South America, South Africa, Saudi Arabia, U.A.E., Egypt, Israel, rest of Middle East and Africa,.
North America is expected dominate 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 growth rate during the forecast period of 2023 to 2030 due to increasing disposable income and rising prevalence of sepsis and HAI in the region in the coming years.
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.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The sample collection market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for sample collection market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the sample collection market. The data is available for historic period 2010-2020.
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)
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