Market Synopsis
Specimen/sample containers are used to hold the biological sample being collected for lab testing. It may be used to hold blood, sputum, urine, stool, or other types of bodily fluids.Depending on the need of the facility or user, a specimen container may be an open cup, a vial, or a bottle. Growing demand from diagnostic laboratories, healthcare facilities, and other end users for various end-use applications will continue to drive demand for specimen containers during the forecast period.
Market Influencer
The major factors driving the market growth include the rising burden of chronic diseases, the increasing incidence of infectious diseases, the rising number of accidents & trauma cases, and the emergence of biopsy tests. One of the major causes of death around the world is cardiac dysfunction or heart disease. For instance, according to WHO (2020) report, heart disease is the leading cause of death in most countries around the world and approximately 17.9 million people die annually due to cardiovascular diseases. More than 75% of deaths occur in low- and middle-income countries. Similarly, according to a report by American Heart Association, in 2020, approximately 659,000 people died due to cardiovascular diseases in the U.S. By 2030, the number of people with heart diseases is estimated to increase by 46%.
This scenario has led to improved health check compliance and the increased importance of markers for identifying medical conditions, primarily through the bodily fluid collection. Health check-ups are gaining more popularity at both individual and corporate levels for employee well-being. This favors market growth and contributes significantly to the sample container market as blood and urine tests are the primary methods of diagnosing these diseases.
Another factor positively impacting the market growth is the COVID-19 pandemic in 2020. The increase in swab specimen collection by laboratories has significantly boosted the demand for at-home sample collection services for patients. In addition, collecting patient samples which include sputum, blood, urine, and others is a common way to examine and detect the various diseases from samples including coronavirus in the body. This trend is driving the growth of the specimen container market in terms of both value and sales volume.However, environmental laws related to the types of materials used and landfill issues with paper and plastics are hampering the growth of the market.
Key Players