Specimen Processing Equipment Market

Specimen Processing Equipment Market - Global Industry Analysis 2016 - 2020 and Opportunity Assessment 2021 - 2031

Specimen Processing Equipment Market Segmented By Consumables such as Tubes, Containers, Disposable Tourniquet, Swabs, Holders, Lancets with Processors, Centrifuge, Sterile instruments,Refrigerants, Freezers, Infusion equipment, YSI Glucose/ lactate analyzer Devices

Industry: Healthcare

Format: PPT*, PDF, EXCEL

Delivery Timelines: Contact Sales

Report Type: Ongoing

Report ID: PMRREP32331

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Global Specimen Processing Equipment Market: Market Outlook

Specimen processing is one-stop unit for processing, storing and shipping the research samples collected from the researchers. It is a laboratory procedure that involves few steps including receiving the samples in maintained storage condition, identifying and sorting the samples, barcode labelling of the containers, preparation of the samples, and analysis.

The specimens nay include the sample of blood, saliva, faeces, urine, sputum, hair follicles or other biological specimens. The specimen process may include urine analysis process, blood centrifugation (to separate the blood components), blood mixing (to ensure even distribution of components) and other tests.

The documentation is the part of the specimen processing associated with recording, filing, storage, and computer processing of the clinical data. After completion of documentation processing, the specimen samples are sent to a pathology laboratory for testing purpose.

The pathology laboratories or other clinical laboratories performed the step by step procedure to assess the samples under-maintained condition. The processing is followed by safety and precautions. The processing is mainly performed under specific condition along with the maintained specification required for the particular samples.

Thus, developing advanced technologies are exploring opportunities for experts to make their work easier by exploring advanced technologies in the market.

What is the Repercussion of the Covid-19 Pandemic on the Growth of the Specimen Processing Equipment Market?

The COVID-19 outbreak is an unprecedented public health challenge and is expected to have a significant impact on the global specimen processing equipment market. With the onset of COVID 19 pandemic, the demand for medical supplies including the kits, consumables and disposable has outpaced the supply.

This influenced the specimen processing equipment market positively in with the raised sales of consumables. However, increasing demand for processing consumables and the rising testing volumes, along with the need for early diagnosis expects to rise more in the coming days. However, the government initiative to overcome the pandemic outbreak and combat the novel coronavirus spread has boosted the specimen processing equipment market growth.

For instance, in August 2020, Quidel Corporation, a leader in rapid diagnostic testing solutions, cellular-based virology assays and molecular diagnostic systems, announced the labelling of Sofia® SARS Antigen FIA amended either nasal or nasopharyngeal swabs as the Quidel’s Emergency Use Authorization (EUA).

Additionally, in May 2020, Puritan Medical Products, leading manufacturer of single-use products for controlled environments, diagnostics and specimen collection, medical and microbiology media industries received grant of $75.5M from the Defense Production Act. This agreement was granted to increase the domestic capacity for swabs needed to combat COVID-19.

What are the Key Trends Impacting Growth of the Specimen Processing Equipment Market?

The Specimen Processing Equipment Market is brimming in presence of several big manufacturers in the field of medical devices. The emerging manufacturers are highly investing in research efforts to introduce advanced technological devices in the field of life science area. The investment to actively explore the innovative ideas to pioneer their advanced equipment and expand their product portfolio in the competitive market is one of the trending factor being adopted by the various leaders.

The growing shift towards advanced and automated technology rather than the manual method is another trending factor adopted by the key manufacturers. The manufacturers are entering into collaborative agreements with the emerging players and also with the regulatory bodies to develop their presence and expand their profile.

Rising government initiatives to support the manufacturers and meet the global needs to overcome the pandemic situation. For instance, Quidel Corporation entered into a definitive agreement with the National Institutes of Health (NIH).

The collaboration was focused explore its Advanced Technology Platforms (RADx-ATP) performed for SARS-CoV-2 Antigen diagnosis using its Sofia® Fluorescence Immunoassay (FIA) platform and expand its manufacturing capacity in San Diego.

What are the driving factors that expected to boost the Specimen Processing Equipment Market growth?

The specimen needs to be stored in maintained storage condition because exposure to certain nutritional, chemical or other environmental factors can affect the stability or may change the physical or the chemical nature of the sample. The manufacturers are continuously working on the development of advanced processing equipment that can meet the storage demand and reduce the handling error.

Thus, the rising investment in research areas to innovate advanced products expects to boost the specimen processing equipment market growth. Collaboration between the leading medical devices manufacturers and research laboratories or diagnostic laboratories can benefit the specimen processing equipment market penetration.

The rising healthcare spending in developed and developing countries, rising awareness about early diagnosis are factors influencing the Specimen Processing Equipment Market growth in the coming future.  The increasing number of geriatric patients requiring different biological samples test, rising prevalence of chronic diseases like kidney disorder and infectious diseases has surged the demand for the biological sample test.

Thus growing demand for biological sample test has raised the specimen processing equipment market growth during the forecast period. Growing demand for laboratory procedures led by the increasing number of specimen preparation and processing procedure has driven the specimen processing equipment market growth and expects to grow during the forecast period.

What are the restraining factors that can hamper the Specimen Processing Equipment Market growth?

Lack of professionals that can perform the processing task is the major restraint in the specimen processing equipment market. The raised pitfalls including contamination of specimen samples, change in the specimen’s nature due to storage or handling error are the restraining factors expects to hamper the specimen processing equipment market growth during the forecast period.

Key Segments of Specimen Processing Equipment Market Covered in the report

Based on consumables, the Specimen Processing Equipment Market has been segmented as

  • Tubes
    • EDTA Tubes
    • Glucose Tubes
    • Citrate tubes
    • DNA tubes
    • Blood Collection Tubes
    • Urinalysis Tubes
    • Urine culture tubes
    • Gel & Lithium Heparin Tube
  • Containers
    • Urine collection container
    • Sharp containers
  • Disposable Tourniquet
  • Swabs
    • oropharyngeal
    • nasal
  •  Holders
    • Needle holders
    • Tube holders
  • Lancets

Based on the device, the specimen processing equipment market has been segmented as

  • Processors
    • Walk-Away Specimen Processor (WASP)
    • Innova Processor
    • Inoqula Specimen Processing Device
    • Previ Isola Automated Plate Streaker 
  • Centrifuge
  • Sterile instruments
    • Spoons
    • Knifes
    • Forceps or tongs, spatula,
    • Drill bits
    • Pipettes
    • Scissors
  • Refrigerants
  • Freezers
  • Infusion equipment
  • YSI Glucose/ lactate analyzer

Based on end-users, the Specimen Processing Equipment Market has been segmented as

  • Hospitals
  • Diagnostic laboratories
  • Research centres

Based on the region, the Specimen Processing Equipment Market has been segmented as

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • Middle East & Africa

Why the swabs segment accounted for the highest share in the Specimen Processing Equipment Market?

Swabs gained popularity in the specimen processing equipment market in terms of consumables. In recent months the overwhelming demand for swabs has expected it to dominate the specimen processing equipment market.

Owing to its flexibility, sterility, easy handling and sample collection application, the swabs holds the highest share. The tubes also hold a significant share in the specimen processing equipment market owing to sterility property and growing advancement has led the tubes to hold the significant share following swabs.

Why the Processors segment gained popularity in the Specimen Processing Equipment Market?

The specimen processors are the automated processing equipment. The automated processors has the capability of processing both liquid and non-liquid bacteriology specimens that enables the standardized processes, streamline workflow, with consistent and high-quality streaking.

Owing to the inherent technologies and their significant role in all forms of R&D projects implemented in this industry has led the processor to gain popularity and accounted for the highest share in the specimen processing equipment market.

Why diagnostic labs hold a significant share in the Specimen Processing Equipment Market?

Diagnostic labs are concerned with the clinical testing performed to diagnose a certain disease. With the presence of various expertise, presence of advanced devices, the diagnostic labs have gain popularity in the specimen processing equipment market.

Competitive Landscape

Key players such as Becton

  • Dickinson and Company
  • Terumo Medical Corporation
  • bioMerieux SA
  • Guangzhou Improve Medical Instruments Co.Ltd
  • Haier Biomedical
  • Copan DiagnosticsInc.
  • Puritan Medical Products
  • Henkel Adhesives Technologies India Private Ltd.
  • Quidel Corporation
  • Crystal Technology & Industries Inc.
  • emc-lab.de
  • Grifols
  • S.A.
  • LiCONiC AG
  • Sel Tibbi Malzemeler VACUSEL
  • Sartorius AG
  • others

are actively involved in specimen processing equipment market.

What strategies are the Key Players adopting to increase their market share in the Specimen Processing Equipment Market?

The emerging key players are extending opportunities in developing countries by highly investing in research areas to innovate advanced equipment and enhance their revenue gains and shape their position in the competitive specimen processing equipment market.

The leading players are actively focusing on innovation and development of advanced technological devices, new product launches. The emerging key players are actively participating in collaborative agreements and acquisitions to increase their specimen processing equipment market penetration. Additionally, the companies are actively entering into strategic distribution agreements to expand their sales footprint worldwide.

  • In January 2021, Henkel Adhesives Technologies India Private Ltd. collaborated with Origin, to leverage its ability to carry out the biocompatibility and robust mechanical testing facility in California. By working collaboratively the companies are trying to utilize each other’s technologies to develop 3D printed nasopharyngeal test swab.

What are the Key Opportunities in Specimen Processing Equipment Market?

The several huge leading medical device players are focusing on developing advanced technologies to capture the unmet needs of the highly effective treatment to provide a long-term effective treatment. Concurrently, investments for increasing the production of specimen processing equipment are expecting to project market growth in the coming years.

Why North America is dominating Sales of Specimen Processing Equipment Market?

North America witnessed to dominate the global specimen processing market, increased infectious disease cases, and well-established health care infrastructure in the region. The presence of leading manufacturers, and growing demand for automated technology in the region.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data.

It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, consumables, devices and end-user.

The report on the Specimen Processing Equipment Market covers exhaustive analysis on:

  • Market Segments
  • Market Dynamics
  • Historical Actual Market Size, 2015 – 2019
  • Market Size & Forecast 2020 to 2030
  • Supply & Demand Value Chain
  • Market Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain
  • Market Drivers and Restraints

Regional analysis for the Specimen Processing Equipment Market includes:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East & Africa

 Report on Specimen Processing Equipment Market Highlights:

  • Shifting industry dynamics
  • In-depth market segmentation
  • Historical, current, and projected industry size
  • Recent industry trends
  • Key competition landscape
  • Strategies of key players and product offerings
  • Potential and niche segments/regions exhibiting promising growth
  • A neutral perspective towards market performance

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Companies Covered in This Report

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