COVID-19 Sample Collection Kits Market: Increase in prevalence of COVID-19 to drive the market
Global COVID-19 Sample Collection Kits Market: Introduction
The recent novel Coronavirus (COVID-19) outbreak in 2019 has led to the use of several types of swabs, media, and kits to test the collected samples for COVID-19. The CDC guidelines for the collection and handling of clinical specimens suspected of Coronavirus Disease 2019 (COVID-19) mentions that health workers should only use synthetic fiber swabs with plastic shafts. The CDC recommends collection of only the nasopharyngeal (NP) swab for Coronavirus Disease 2019 (COVID-19). OP- oropharyngeal swabs remain an acceptable specimen type. NP swabs can be utilized to test asymptomatic persons. Increase in COVID-19 testing, globally, requires a safe and easy sample collection and transport mechanism.
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Key Drivers of Global COVID-19 Sample Collection Kits Market
Rising geriatric population
The global geriatric population continues to increase at an unprecedented rate. Presently, 8.5% of people across the world (617 million) are aged 65 and over. According to a new report – An Aging World: 2015, the percentage is projected to jump to nearly 17% of the world’s population by 2050 (1.6 billion). According to the National Institutes of Health, the population aged 65 and over in the U.S. is anticipated to nearly double in the next three decades, from 48 million to 88 million by 2050. The global population aged 80 and older is expected to more than triple between 2015 and 2050, from 126.5 million to 446.6 million. The population aged 80 and older in some countries in Asia and Latin America is likely to quadruple by 2050.
Increase in prevalence of COVID-19
According to Spandidos Publications 2020- Molecular Medicine Reports, the global spread of COVID?19 can be described as the worst pandemic in humanity in the last century. To date, COVID?19 has infected more than 3,000,000 people worldwide and killed more than 200,000 people. Obese patients are at a higher risk of hospital admission regardless of their viral status. Furthermore, obese patients are at a higher risk of hospitalization as compared to normo-ponderal ones, when affected by influenza. The World Health Organization (WHO) has characterized both the COVID-19 outbreak and obesity ‘epidemic’ as international public health emergencies. Global clinical and epidemiological observations confirm that CoVs can cause more severe symptoms and complications in people with obesity-related conditions. According to WHO World Health Organization, on March 19, 2020, 209 839 (16 556) confirmed COVID-19 cases and 8778 deaths (828) were recorded.
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North America to Account for Major Share of Global COVID-19 Sample Collection Kits Market
- North America is projected to account for a major share of the global COVID-19 sample collection kits market during the forecast period. The market in the region is anticipated to expand at a rapid pace in the next few years due to an increase in research & development and various government initiatives for the development of novel ideas. Europe is expected to be the second-largest market, in terms of share, during the forecast period.
- The COVID-19 sample collection kits market in Asia Pacific is likely to expand at a high CAGR during the forecast period. This can be attributed to a rise in investment in research & development by private & government organizations and increase in healthcare management.
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Key Players Operating in Global COVID-19 Sample Collection Kits Market
The global COVID-19 sample collection kits market is highly consolidated owing to the presence of a number of key players. Leading players operating in the global COVID-19 sample collection kits market include:
- Thermo Fisher Scientific, Inc.
- Puritan Medical Products
- COPAN Diagnostics
- Becton, Dickinson and Company
- Laboratory Corporation of America Holdings
- Lucence Diagnostics Pte Ltd.
- Hardy Diagnostics
- BNTX Inc.
- Medline Industries, Inc.
- HiMedia Laboratories
- VIRCELL S.L.
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