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Sample Collection Market by 2029

Sample Collection Market to undergo a CAGR of 9.84% during the forecast period 2022 to 2029

The ageing population, rising disease burden, subsequent increase in surgeries, and rising per capita healthcare spending are predicted to propel the global sample collection kits market. 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.

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Data Bridge Market Research analyses that the sample collection market which was USD 549.5 million in 2021, would rocket up to USD 1164.27 million by 2029, and is expected to undergo a CAGR of 9.84% 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.

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.

Over the forecast period of 2022 to 2029, the market for sample collection is expected to be driven by the increased occurrence of infectious diseases. 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, growing geriatric population, rising demand for blood donations and blood components, rising incidence of infectious diseases, and rising awareness of disease symptoms.

During the forecast period, industrialization of healthcare and rising healthcare expenditures globally are anticipated to propel market expansion. The demand for medical services and goods will rise due to the projected 12.5 percent increase in world population between 2020 and 2040, which will grow at a CAGR of 1.1 %. Due to an increase in demand for sample collection tubes across numerous applications, including clinical testing and research, the global market for sample collection tubes has tremendous growth potential between 2021 and 2030.

North America region leads 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 rate during the forecast period of 2022 to 2029 because of the growing disposable income and increasing prevalence of sepsis and HAI in this particular region.

The major players covered in the Sample Collection Market report 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) among others.

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