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Sample Collection Tools Market Global Size, Share, Key Players, Production, Growth and Future Insights 2022 to 2031

Kenneth Research has recently added a report titled Sample Collection Tools Market in its storehouse of market research reports. The report provides a detailed insight into the market scenario on the basis of the market size and volume for the forecast period, i.e., 2022-2031.

U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical/Energy industries, creating a huge demand for products.

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Moreover, increasing expenditure on healthcare, backed by the need amongst individuals for quality healthcare services, is also anticipated to contribute to the market growth. According to the statistics by the World Bank, the current health expenditure (% of GDP) around the world increased from 9.08% in 2001 to 9.84% in 2018. Additionally, the current health expenditure per capita (current US$) increased from USD 492.99 in 2001 to USD 1110.84 in 2018.

Global COVID-19 Sample Collection Tools Market is valued approximately USD XXX billion in 2019 and is anticipated to grow with a healthy growth rate of more than XXX% over the forecast period 2020-2026. Today’s technologies, facilitate testing on an impressively extensive variety of samples collected from the human body. The basic and essential sample required for testing is a blood sample. However, samples of saliva, sputum, urine, semen, feces and other bodily fluids and tissues also can be tested. Sample collection usually takes place in a testing laboratory collection centre where trained specimen collectors (phlebotomists) are working. The trained phlebotomists collect the samples by subsequent all biosafety precautions and utilizing sample collection tools such as swabs, vials and rengent transport kits. For COVID-19, the sample will be collected in a viral transport medium (VTM) to regulate the stability of the sample & get transported in a cold chain. Further, the samples can also collect at hospitals and day clinics and even at home either self-collected or by domiciliary staff. For instance, on 21 April 2020, the U.S. Food and Drug Administration (FDA) approved the first diagnostic test with a home collection option for COVID-19. Particularly, the FDA republished the emergency use authorization (EUA) for the Laboratory Corporation of America (LabCorp) COVID-19 RT-PCR Test to allow the testing of samples self-collected by patients at home utilizing LabCorp COVID-19 Test home collection kit. Therefore, this factor is expected to accelerate the demand of COVID-19 sample collection tools. Further, rising cases of COVID-19 in developed & developing economies, along with the favorable government initiatives are the few factors responsible for high CAGR of the market over the forecast period. According to Vindobona organization, as of 21 April 2020, there were around 2,471,930 confirmed cases of COVID-19 that have been registered throughout the world. However, limited availability of COVID-19 testing kits is one of the major factors expected to hamper the growth of the market over the forecast period of 2020-2026. The regional analysis of the global COVID-19 Sample Collection Tools market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and the Rest of the World.

Major market player included in this report are:

Becton, Dickinson and Company
Copan Diagnostics
Puritan Medical Products
Thermo Fisher Scientific
3M
Medtronic
Apacor Ltd.
Laboratoire CCD
Lucence
Biosigma

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Product Type:
Swabs
Vials
Rengent Transport Kits

By End-User:
Hospital
Clinic
Other

By Region:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:
Historical year – 2016, 2017, 2018
Base year – 2019
Forecast period – 2020 to 2026

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Target Audience of the Global COVID-19 Sample Collection Tools Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

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Kenneth Research provides scheduled syndicated reports that help industry professionals and organizations decipher market trends to take significant decisions and plan strategies. We cater to a wide range of industries including healthcare & pharmaceuticals, ICT & telecom, automotive & transportation, energy & power, chemicals, FMCG & food, aerospace & defence, among others. Our research team ensures to track and analyze the industry on a regular basis to offer strategic business consultancy services on a global level. We, at Kenneth Research, are adept at capturing descriptive insights on crucial topics to help our clients make their informed decisions.

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