COVID-19 Sample Collection Kits Market Size, Share & Trends Report

COVID-19 Sample Collection Kits Market Size, Share & Trends Analysis Report By Product (Swabs, Viral Transport Media), By Application, By Site of Collection, By Region, And Segment Forecasts, 2023 - 2030

  • Report ID: GVR-4-68038-539-7
  • Number of Report Pages: 120
  • Format: PDF, Horizon Databook
  • Historical Range: 2020 - 2021
  • Forecast Period: 2023 - 2030 
  • Industry: Healthcare

Research Methodology

A three-pronged approach was followed for deducing the COVID-19 sample collection kits market estimates and forecasts. The process has three steps: information procurement, analysis, and validation. The whole process is cyclical, and steps repeat until the estimates are validated. The three steps are explained in detail below:

Information procurement: Information procurement is one of the most extensive and important stages in our research process, and quality data is critical for accurate analysis. We followed a multi-channel data collection process for COVID-19 sample collection kits market to gather the most reliable and current information possible.

  • We buy access to paid databases such as Hoover’s and Factiva for company financials, industry information, white papers, industry journals, SME journals, and more.
  • We tap into Grand View’s proprietary database of data points and insights from active and archived monitoring and reporting.
  • We conduct primary research with industry experts through questionnaires and one-on-one phone interviews.
  • We pull from reliable secondary sources such as white papers and government statistics, published by organizations like WHO, NGOs, World Bank, etc., Key Opinion Leaders (KoL) publications, company filings, investor documents, and more.
  • We purchase and review investor analyst reports, broker reports, academic commentary, government quotes, and wealth management publications for insightful third-party perspectives.

Analysis: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilized different methods of COVID-19 sample collection kits market data depending on the type of information we’re trying to uncover in our research.

  • Market Research Efforts: Bottom-up Approach for estimating and forecasting demand size and opportunity, top-down Approach for new product forecasting and penetration, and combined approach of both Bottom-up and Top-down for full coverage analysis.

  • Value-Chain-Based Sizing & Forecasting: Supply-side estimates for understanding potential revenue through competitive benchmarking, forecasting, and penetration modeling.

  • Demand-side estimates for identifying parent and ancillary markets, segment modeling, and heuristic forecasting.

  • Qualitative Functional Deployment (QFD) Modelling for market share assessment.

Market formulation and validation: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilize different methods of data analysis depending on the type of information we’re trying to uncover in our research.

  • Market Formulation: This step involves the finalization of market numbers. This step on an internal level is designed to manage outputs from the Data Analysis step.

  • Data Normalization: The final market estimates and forecasts are then aligned and sent to industry experts, in-panel quality control managers for validation.

  • This step also entails the finalization of the report scope and data representation pattern.

  • Validation: The process entails multiple levels of validation. All these steps run in parallel, and the study is forwarded for publishing only if all three levels render validated results.

COVID-19 Sample Collection Kits Market Categorization:

The COVID-19 sample collection kits market was categorized into four segments, namely product (Swabs, Viral Transport Media, Blood Collection Kits), application (Diagnostics, Research), site of collection (Hospitals & Clinics, Home Test), and regions (North America, Europe, Asia Pacific, Latin America, Middle East & Africa).

Segment Market Methodology:

The COVID-19 sample collection kits market was segmented into product, application, site of collection, and regions. The demand at a segment level was deduced using a funnel method. Concepts like the TAM, SAM, SOM, etc., were put into practice to understand the demand. We at GVR deploy three methods to deduce market estimates and determine forecasts. These methods are explained below:

Market research approaches: Bottom-up

  • Demand estimation of each product across countries/regions summed up to from the total market.

  • Variable analysis for demand forecast.

  • Demand estimation via analyzing paid database, and company financials either via annual reports or paid database.

  • Primary interviews for data revalidation and insight collection.

Market research approaches: Top-down

  • Used extensively for new product forecasting or analyzing penetration levels.

  • Tool used invoice product flow and penetration models Use of regression multi-variant analysis for forecasting Involves extensive use of paid and public databases.

  • Primary interviews and vendor-based primary research for variable impact analysis.

Market research approaches: Combined

  • This is the most common method. We apply concepts from both the top-down and bottom-up approaches to arrive at a viable conclusion.

Regional Market Methodology:

The COVID-19 sample collection kits market was analyzed at a regional level. The global was divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, keeping in focus variables like consumption patterns, export-import regulations, consumer expectations, etc. These regions were further divided into twenty-four countries, namely, the U.S., Canada, Germany, the UK., France, Italy, Spain, Russia, Sweden, Denmark, Norway, China, India, South Korea, Australia, Japan, Thailand, Brazil, Mexico, Argentina, South Africa, Saudi Arabia, UAE, Kuwait.

All three above-mentioned market research methodologies were applied to arrive at regional-level conclusions. The regions were then summed up to form the global market.

COVID-19 Sample collection kits market companies & financials:

The COVID-19 sample collection kits market was analyzed via companies operating in the sector. Analyzing these companies and cross-referencing them to the demand equation helped us validate our assumptions and conclusions. Key market players analyzed include:

  • LABORATORY CORPORATION OF AMERICA HOLDINGS - In 1995, the merger of National Health Laboratory Holdings, Inc. and Roche Biomedical Laboratories, Inc. created Laboratory Corporation of America Holdings (LabCorp). It is involved in the development of genetic tests solutions based on microarray, NGS, and PCR technology. This company serves more than 220,000 clients in 60 countries. Its clients include hospitals, physicians, employers, governmental agencies, and other independent clinical laboratories. Its diagnostic business segment offers gene-based test for HIV drug-resistance assays, HPV, and molecular genetic testing for cystic fibrosis. It provides a menu of over 4,700 tests in the areas of diagnostic genetics, allergy, cardiovascular diseases, coagulation, women's health, oncology, endocrinology, infectious diseases, pain management, toxicology, and pharmacogenetics. It has independent clinical laboratory business that incorporates a network of 39 primary laboratories and approximately 1,700 patient service centers. It has clinical laboratories that are located in the U.S. and other countries including Canada, UK, and UAE.

  • COPAN DIAGNOSTICS, INC.  - Copan Diagnostics, Inc. is a privately held company that operates under Copan Group. The company mainly operates in viral transport media, bacteriology swabs, and molecular transport systems. The company has innovated products in pre-analytics phase of testing process. The company has a broad product portfolio of laboratory consumables, which includes needles, spreaders, inoculation loops, and transfer pipettes. In addition, the company has launched automated planting and streaking processor for specimen. The company has expertise in Digital Bacteriology, liquid-based microbiology, and innovations in pre-analytical solutions.

  • PURITAN MEDICAL PRODUCTS  - Puritan Medical Products is a privately held company operating in the areas of diagnostics, healthcare, and critical environment products. The company manufactures surgical appliances. The company holds expertise in swab manufacturing and single-use products. The company is a major manufacturer of swabs around the world. In addition, the company operates in the fields of Media Transport Systems, Specimen Collection Devices, and Medical Diagnostics. The company innovates solutions for most demanding applications. The company has divided its business in following segments: Controlled environments, diagnostics & specimen collection, environmental, forensics & genetics, microbiology media, and medical.

  • VITAGENE INC.  - Vitagene Inc. is a privately held company majorly offering DNA tests. The company provides software solutions in healthcare industry. The company offers DNA health testing kits for the analysis of user’s ancestral heritage. The company has Clinical Laboratory Improvement Amendments of 1988 and College of American Pathologists certifications. The company has expertise in genetics and nutrition and offers scientific and medical research in these fields. Recently, the company has developed at home testing kit for COVID-19.

  • QUEST DIAGNOSTICS  - Quest Diagnostics is a publicly held company operating in diagnostic information services, clinical trials, and healthcare information technology. The company offers 3,000+ tests and provides interpretive consultation and anatomic pathology services. The company is an innovator in cancer diagnostics. Furthermore, the company provides clinical trial testing services in new pharmaceuticals and companion diagnostics segment. The company also provides risk assessment services for the life insurance industry. The company has extensive clinical testing network in the U.S. In addition to this, the company operates in Mexico, Ireland, and India. The company operates through following brands: Quest Diagnostics, Quest Diagnostics Nichols Institute, Quest HealthConnect, AmeriPath, Athena Diagnostics, Quanum Solutions, Dermpath Diagnostics, and ExamOne.

  • HARDY DIAGNOSTICS  - Hardy Diagnostics is a privately held company offering solutions to clinical and industrial laboratories. The company manufactures rapid test kits, diagnostic reagents, prepared media, and dehydrated culture media. The company also offers automated microscope slide stainers for research, clinical, pharmaceutical, and food laboratories. Furthermore, the company has more than 2,700 products that are used in microbiology laboratory. The company has FDA licence and ISO certification as an in vitro medical device manufacturer. Its manufacturing plants are located in California and Ohio and has 9 distribution centers across the U.S.

  • BECTON DICKINSON (BD)  - Becton, Dickinson and Company is a publicly held global medical technology company. The company operates through three segments: BD Medical, BD International, and BD Life Sciences. The company offers innovative technology solutions and services for clinical therapy. Through BD Life Sciences segment, the company offers preanalytical systems, diagnostic systems, and bioscience solutions. The company is majorly engaged in development, manufacturing, and sales of instrument systems, medical devices, and reagents required in clinical laboratories, life sciences researchers, healthcare institutions, and pharmaceutical industry. Furthermore, the company has worldwide presence in more than 190 countries.

  • DANAHER CORPORATION  - Danaher is a public company providing innovative healthcare solutions. The company operates through segments like diagnostics, life sciences, product identification, and water quality. The company is engaged in development, manufacturing, and marketing of medical, industrial, professional, and commercial products & services. The company has global presence with 20 companies operating in various business segments. In September 2016, Danaher Corporation acquired Cepheid.

  • QUIDEL CORPORATION  - Quidel Corporation is a publicly held company operating in diagnostic healthcare. The company focuses on development, manufacturing, and commercialization of diagnostic testing solutions. The company’s broad product portfolio includes lateral flow products along with the tests for reproductive health and infectious diseases. The product lines are mainly divided into lateral flow, direct fluorescent antibodies, microtiter production, fluorescent immunoassay products, and molecular diagnostic products. The company has research and manufacturing facilities in Ohio, Massachusetts, as well as in Germany. In addition, the company has a worldwide distribution network.

  • THERMO FISHER SCIENTIFIC, INC. - Thermo Fisher Scientific, Inc. is a publicly held biotechnology company established following the collaboration between Thermo Electron and Fisher Scientific. In 2013, in a competitive bidding with Hoffman La Roche, it acquired Life Technologies Corporation. Thermo Fisher provides products in life sciences, industrial & applied sciences, and clinical diagnostics. The company has divided its business in four segments—life sciences solutions, specialty diagnostics, analytical instruments, and laboratory products & services. The company has operations in over 50 countries and offers products through the following brands: Thermo Scientific, Invitrogen, Unity Lab Services, Applied Bio systems, and Fisher Scientific.

Value chain-based sizing & forecasting

Supply Side Estimates

  • Company revenue estimation via referring to annual reports, investor presentations, and Hoover’s.

  • Segment revenue determination via variable analysis and penetration modeling.

  • Competitive benchmarking to identify market leaders and their collective revenue shares.

  • Forecasting via analyzing commercialization rates, pipelines, market initiatives, distribution networks, etc.

Demand side estimates

  • Identifying parent markets and ancillary markets

  • Segment penetration analysis to obtain pertinent

  • revenue/volume

  • Heuristic forecasting with the help of subject matter experts

  • Forecasting via variable analysis

COVID-19 Sample Collection Kits Market Report Objectives:

  • Understanding market dynamics (in terms of drivers, restraints, & opportunities) in the countries.

  • Understanding trends & variables in the individual countries & their impact on growth and using analytical tools to provide high-level insights into the market dynamics and the associated growth pattern.

  • Understanding market estimates and forecasts (with the base year as 2022, historic information from 2020 to 2021, and forecast from 2023 to 2030). Regional estimates & forecasts for each category are available and are summed up to form the global market estimates.

COVID-19 Sample Collection Kits Market Report Assumptions:

  • The report provides market value for the base year 2022 and a yearly forecast till 2030 in terms of revenue/volume or both. The market for each of the segment outlooks has been provided on region & country basis for the above-mentioned forecast period.

  • The key industry dynamics, major technological trends, and application markets are evaluated to understand their impact on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis.

  • We have used the bottom-up approach for market sizing, analyzing key regional markets, dynamics, & trends for various products and end-users. The total market has been estimated by integrating the country markets.

  • All market estimates and forecasts have been validated through primary interviews with the key industry participants.

  • Inflation has not been accounted for to estimate and forecast the market.

  • Numbers may not add up due to rounding off.

  • Europe consists of EU-8, Central & Eastern Europe, along with the Commonwealth of Independent States (CIS).

  • Asia Pacific includes South Asia, East Asia, Southeast Asia, and Oceania (Australia & New Zealand).

  • Latin America includes Central American countries and the South American continent

  • Middle East includes Western Asia (as assigned by the UN Statistics Division) and the African continent.

Primary Research

GVR strives to procure the latest and unique information for reports directly from industry experts, which gives it a competitive edge. Quality is of utmost importance to us, therefore every year we focus on increasing our experts’ panel. Primary interviews are one of the critical steps in identifying recent market trends and scenarios. This process enables us to justify and validate our market estimates and forecasts to our clients. With more than 8,000 reports in our database, we have connected with some key opinion leaders across various domains, including healthcare, technology, consumer goods, and the chemical sector. Our process starts with identifying the right platform for a particular type of report, i.e., emails, LinkedIn, seminars, or telephonic conversation, as every report is unique and requires a differentiated approach.

We send out questionnaires to different experts from various regions/ countries, which is dependent on the following factors:

  • Report/Market scope: If the market study is global, we send questionnaires to industry experts across various regions, including North America, Europe, Asia Pacific, Latin America, and MEA.

  • Market Penetration: If the market is driven by technological advancements, population density, disease prevalence, or other factors, we identify experts and send out questionnaires based on region or country dominance.

The time to start receiving responses from industry experts varies based on how niche or well-penetrated the market is. Our reports include a detailed chapter on the KoL opinion section, which helps our clients understand the perspective of experts already in the market space.

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