PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1057412
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1057412
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The global Virology Specimen Collection market was valued at USD 4,880.7 Million in 2020, growing with 3.8% CAGR during the forecast period, 2021-2027.
Virology is a branch of microbiology or pathology that studies viral illnesses and viruses, including their biochemistry, distribution, physiology, disease-causing qualities, ecology, molecular biology, evolution, cultivation, genetics, and clinical aspects. Virology describes the way viruses interact with the immunology and physiology of their hosts, the illnesses they cause, how to isolate and grow them, how to infect and exploit host cells for reproduction, and how to employ them in study and therapy.
Factors such as the expanding number of blood donors, the rising frequency of viral illnesses, and the advent of emerging pathogens are driving market expansion. On the other hand, the high cost of collection kits and technologies, as well as the use of flow sensitivity screening, are limiting the market's growth.
A key element driving the demand for better virology specimen collection is the increased prevalence of viral infections such as AIDS, SARS-CoV-2, Zika virus, EBOLA, flu, and STDs. According to the World Health Organization (July 2021), by the end of 2020, there were an anticipated 37.7 million (30.2-45.1 million) persons living with the Human immunodeficiency virus, with almost two-thirds of them (25.4 million) residing in the WHO African Region. In 2020, 680,000 individuals will have died from HIV-related causes, while 1.5 million (1.0-2.0 million) will have contracted the virus. In addition, the WHO estimates that 7 million new syphilis infections will occur globally in 2020 (July 2021). This is projected to fuel the market for virology specimen gathering even further.
The epidemics of Babesia and Zika, as well as announcements that they would be included in virology specimen collecting tests, highlight the need for new virology samples technologies, equipment, and consumables. Other governments have launched their own efforts to monitor new and emerging illnesses. The prevalence of malaria in African countries, as well as the risk of Zika virus transmission via mosquitos, has resulted in regulations for Zika virus screening across the region.
On the basis of product, the virology specimen collection market is divided into swabs, specimen collection tubes, test blood collection kits, and viral transport medium. In the virology specimen collecting market, the viral transport media sector had the fastest growth rate in 2020. The rising number of blood donors is a crucial element driving this segment's growth.
Blood, nasal, cervical, throat, nasopharyngeal, oral, and other (conjunctiva, nasopharyngeal aspirate or wash, feces, urine samples, urethral, sputum, semen, and cerebrospinal fluid) samples make up the virology specimen collecting market. The nasopharyngeal samples are likely to make for the majority of the virology specimen collecting market by 2020. The high prevalence of HPV-related malignancies and human papillomavirus can be linked to the rapid discovery of transfusion transmissible infection (TTIs) and the growing prevalence of HPV-related cancers (all cervical cancers) and human papillomavirus (HPV).
North America, Europe, Asia Pacific, and the Rest of the World are the five key areas that make up the worldwide virology specimen collecting market. The greatest geographic market for virology specimen collecting was North America. North America's considerable position in this market can be ascribed to rising NAT usage (because of the high incidence of TTIs) and technical advancements such as portable diagnostics.
The key players include Dickinson and Company, Becton, Thermo Fisher Scientific Inc., Quidel Corporation, Titan Biotech Ltd., Trinity Biotech, Vircell S.L., Diasorin SA, Puritan Medical Products Co., Copan Italia S.P, and Hardy Diagnostics.
The scope of this report covers the market by its major segments, which include as follows:
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