Covid-19 Sample Collection Tools Market – By Product Type (Swabs, Vials, and Rengent Transport Kits), By Applications (Hospitals, Clinics, and Others), and By Region – Global Industry Analysis and Forecast (2020-30)

Covid-19 Sample Collection Tools Market size was valued at USD XXX in 2020 and is expected to grow at a CAGR of XXX during the forecast period. Collection of samples is the most vital step in the laboratory diagnosis of several infectious diseases including coronavirus infection. Improper and inaccurate sample collection can result in false or negative test results which may further lead to dangerous consequences. Growing cases of covid-19 across the globe along with inadequate laboratory-based testing facilities in many regions are the major factors contributing to the covid-19 sample collection tools market growth.

Market Dynamics and Factors:

The growing cases of coronavirus across the globe has increased the need for sample testing and diagnosis which is the major factor attributing to the covid-19 sample collection tools market growth. Furthermore, approval of synthetic swabs for the usage in diagnosis of coronavirus infection and the subsequent increase in its production are expected to further drive the covid-19 sample collection tools market. For instance, the volume of swabs arriving from COPAN Diagnostics, Italy, in the U.S. is continuously increasing. Around 6 tons of swabs were imported in March 2020 and 4.5 tons of swabs in January 2020 from by the U.S. government from COPAN Diagnostics. Additionally, Quest Diagnostics distributed around 2 million swab collection kits in the U.S. as reported till May 2020.

Market Segmentation:

On the basis of product type, the covid-19 sample collection tools market is classified into swabs, vials, and rengent transport kits. Based on applications, the market is segmented into hospitals, clinics, and others. Geographically, the global covid-19 sample collection tools market is broadly divided into five regions mainly North America, Europe, Asia Pacific, and ROW.

Geographical Analysis

Europe is expected to dominate the global covid-19 sample collection tools market during the forecast period with 35% of revenue market share in the base year 2020. Large number of coronavirus cases in the region along with high volume of swabs tested in Germany has attributed to a large covid-19 sample collection tools market share. For instance, in Germany, 132 laboratories carried out an average of 116,655 swab tests per day in the fourth week of April 2020, adding up to approximately 1.3 million tests. Asia Pacific is expected to witness the fastest growth in the covid-19 sample collection tools market during the forecast period. The growing cases of coronavirus has lead to active participation of Government as well as private organizations in the testing and diagnosis of covid 19 is the major factor behind the market growth. For instance, the Defense Research and Development Organization (DRDO) in India introduced COVSACK (COVID Sample Collection Kiosk) in April 2020, a COVID-19 sample collection booth, in order to mitigate the reliance of healthcare professionals on Personal Protection Equipment (PPEs), thus driving the regional covid-19 sample collection tools market share in terms of revenue.

Competitive Scenario:

Key participants are constantly accelerating the production and supply of specimen collection kits. The major players active in the global covid-19 sample collection tools industry are Thermo Fisher Scientific, Beckton Dickinson and Company, Hardy Diagnostics, Formlabs, Copan Diagnostics, Puritan Medical Products, 3M, Medtronic, Biosigma, Lucence, Longhorn Vaccines and Diagnostics.

Covid-19 Sample Collection Tools Market Report Scope