Bacterial & Viral Specimen Collection Market Size Worth $38.8 Billion By 2027: Grand View Research, Inc.

Bacterial & Viral Specimen Collection Market Size Worth $38.8 Billion By 2027: Grand View Research, Inc.

PR Newswire

SAN FRANCISCO, Nov. 11, 2020

SAN FRANCISCO, Nov. 11, 2020 /PRNewswire/ -- The global bacterial and viral specimen collection market size is expected to reach USD 38.8 billion by 2027, expanding at a CAGR of 14.0%, according to a new report by Grand View Research, Inc. The advent of high-throughput methods, such as next-generation sequencing, multiplex PCR, and matrix-assisted laser desorption/ionization time-of-flight mass spectrometry, allows rapid and affordable microbial identification and thus facilitates robust diseases diagnosis. This is increasing the demand for bacterial and viral specimen collecting products, thereby driving the market revenue.

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Key suggestions from the report:

Read 195 page research report with ToC on "Bacterial & Viral Specimen Collection Market Size, Share & Trends Analysis Report By Product (Swabs, Blood Collection Kits, VTM), By Application (Diagnostics, Research), By End Use, By Region, And Segment Forecasts, 2020 – 2027" at: https://www.grandviewresearch.com/industry-analysis/bacterial-viral-specimen-collection-market

A rise in the prevalence of infectious diseases has encouraged diagnostic companies to offer rapid and easy-to-use tests, which propels the market growth. As per the Centers for Disease Control and Prevention (CDC), there were around 8,920 new Tuberculosis (TB) cases in the U.S. In regard to this, in July 2020, Cepheid, Inc. and the Foundation for Innovative New Diagnostics launched a rapid molecular test, Xpert MTB/XDR test for drug-resistance TB profiling. The test spurs the usage of specimen collection products.

Operating end-users such as clinical laboratories follow standardized protocols to streamline the usage of these products. This is because erroneous results while collecting samples affect patient care, hospital infection control, laboratory efficiency, and costs. The Texas Department of State Health Services is one of the regulatory agencies which is engaged in establishing guidelines for appropriate collecting and processing of samples, thus positively influencing the market growth.

Grand View Research has segmented the global bacterial and viral specimen collection market on the basis of product, application, end-use, and region:

List of Key Players of Bacterial & Viral Specimen Collection Market

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About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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