COVID-19 Sample Collection Kits Market Growth & Trends
The global COVID-19 sample collection kits market size is expected to account for USD 3.9 billion by 2027, expanding at a CAGR of 4.9% over the forecast period, according to a new report by Grand View Research, Inc. The incorporation of 3-D printing technology is expected to enhance the production processes of the kits. The advent of 3-D printed swabs addresses the emergency shortages faced during the testing of coronavirus infection, which is expected to drive the market. Recently, in April 2020, the University of South Florida Health along with Northwell Health and Formlabs generated 3-D printed nasal swabs for safe and effective COVID-19 testing in patients.
Regulatory bodies are encouraging the development of efficient tests to ensure accurate and reliable diagnosis. Recently, in April 2020, the U.S. Food and Drug Administration (FDA) authorized the first at-home COVID-19 test, Pixel by LabCorp allowing patients to collect samples at home. This diagnostic test makes use of a Q-tip cotton nasal swab. This approval has enhanced the availability of a convenient and reliable at-home sample collection alternative for patients.
Several funding programs are expected to drive the production of sampling kits globally. For instance, in May 2020, Apple awarded USD 10 million to COPAN Diagnostics, an Italian company engaged in the production of sample collection kits, from its Advanced Manufacturing Fund. This funding would allow COPAN to boost its production and supply of kits from several thousands, currently, to more than 1 million COVID-19 sample collection kits per week by early July 2020.
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COVID-19 Sample Collection Kits Market Report Highlights
The global COVID-19 sample collection kits market size was valued at USD 2.8 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 4.9% from 2020 to 2027. An exponential rise in the number of COVID-19 cases and inadequate laboratory-based molecular testing capacity are factors that have encouraged several companies to develop rapid and easy-to-use tests, which boosts the market growth. Furthermore, approval of synthetic swabs for use in the diagnosis of coronavirus infection and the subsequent increase in its production are expected to drive the market.
In April 2020, the Food and Drug Administration (FDA) approved the use of spun synthetic swabs that are similar to Q-tips swabs designed for COVID-19 testing. This approval allows patients to self-collect samples and minimize potential exposure to healthcare professionals. Furthermore, U.S. Cotton, one of the key manufacturers of cotton swabs in the U.S., is engaged in developing polyester swabs at a large scale to effectively address the growing need for COVID-19 diagnostic testing.
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The collection of samples is the most vital step in the laboratory diagnosis of several infectious diseases including coronavirus infection. Improper and inaccurate sample collection may lead to false or negative test results. Therefore, the Centers for Disease Control and Prevention (CDC) has recommended a standard sample collection procedure for specimen collection and transport with regard to SARS-CoV-2 testing. These regulatory guidelines have helped in streamlining the usage of COVID-19 sample collection kits.
Key participants are constantly accelerating the production and supply of specimen collection kits. 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 COPAN to the U.S. ports. On the other hand, Quest Diagnostics has distributed around 2 million swab collection kits in the U.S. as reported until May 2020. Moreover, a substantial number of companies from other domains are engaged in helping the government overcome the shortage of medical sterile swabs. As reported in May 2020, Royal DSM, a health, nutrition, and materials company, entered the swab manufacturing market to combat the shortage of specimen collection products in the Netherlands. This is the first time the company is generating swabs to meet the nation’s testing needs. The company is also donating 11 tons of material required for swab production in the country.
Some of the prominent players in the COVID-19 sample collection kits market include:
As COVID-19 diagnostic testing continues to scale-up, several studies are being conducted to investigate different sample collection approaches that yield accurate results. A research study found that saliva samples collected from patients with the infection provide better detection sensitivity and consistency than the widely-used nasopharyngeal approach. It was also observed that there was low variability in results obtained using saliva samples, which is expected to expand their penetration of this approach in the future.
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Grand View Research has segmented the global COVID-19 sample collection kits market on the basis of product, application, site of collection:
COVID-19 Sample Collection Kits Product Outlook (Revenue, USD Million, 2020 – 2027)
COVID-19 Sample Collection Kits Application Outlook (Revenue, USD Million, 2020 – 2027)
COVID-19 Sample Collection Kits Site of Collection Outlook (Revenue, USD Million, 2020 – 2027)
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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