FDA Authorization to 300 COVID-19 tests and collection kits will boost the COVID-19 sample collection kits market, forecast to touch US$ 12.8 Bn by 2026 at a CAGR of 1.9%

Noida, Uttar Pradesh, India, April 6 2021 (Wiredrelease) Report Ocean Pvt Ltd –:The world is witnessing a considerable rise in cases of COVID-19. To ensure the early detection of COVID-19, hospitals are working on expanding their testing potentials, which is aiding the market growth. Moreover, a rising usage rate of swabs, the increasing government funding, and efforts by market players to offer effective solutions/products are some other factors that are contributing to the growth of the market across the globe. Following these promising developments, the Global COVID-19 Sample Collection Kits Market is estimated to see healthy growth, pegged at a CAGR of around 1.9% throughout the forecast period 2020-2026.

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The FDA authorized over 300 COVID-19 test and collection kits in 2020. COVID-19 started at the end of 2019; though, it began to spread across the US in early 2020. As the country faced a surge in the pandemic, many healthcare companies developed diagnostics to limit the spread of COVID-19, with the FDA beginning to be concerned emergency use authorization (EUA) for the tests. Over 300 tests and collection kits, including 235 molecular diagnostics, 63 antibody tests, and 11 antigen tests, have received FDA authorization by December 2020.

Home testing kits will upscale in the near future

The FDA is prioritizing the availability of more at-home testing options in response to the COVID-19. FDA is further working with test developers to bring vital diagnostics to the public. It has authorized its first wholly at-home COVID-19 test, created by Lucira Health, in November 2020. Since then, FDA has greenlit direct-to-consumer sample kits from LabCorp and an over-the-counter rapid home test from Ellume. Moreover, the NIH stated that as more home tests turn out to be available, smartphone apps are expected to play a vital role by tracking symptoms as well as reporting results to public health authorities.

Quidel’s QuickVue home antigen test can be finished entirely by the user, without requiring shipping a sample to a lab for processing. The Quidel’s QuickVue At-Home COVID-19 Test is designed to be used with a smartphone app, assessed by the National Institutes of Health (NIH). The NIH’s Rapid Acceleration of Diagnostics initiative (RADx) was previously supported by the development of Quidel’s home test through its “Shark Tank”-like competition, with funding to help scale up its manufacturing. Moreover, Quidel plans to apply for an additional FDA authorization allowing its test to be sold over the counter without a prescription.

Segmentation Overview of the Global COVID-19 Sample Collection Kits Market

The COVID-19 sample collection kits market is segmented on product, application, and site of collection. These major market segments are further categorized into various sub-segments to study the market in detail.

By Product Outlook (Swab (Nasopharyngeal (NP) swabs), Oropharyngeal (OP) swabs, Nasal Swabs), Viral Transport Medium, Blood Collection Kits, Others)

By Application Outlook (Diagnostics, Research)

By Site of Collection Outlook (Hospitals & Clinics, Home Test)

Key Players Insights

Puritan Medical Products, Becton, Dickinson and Company, COPAN Diagnostics, Thermo Fisher Scientific, Inc., Lucence Diagnostics Pte Ltd., Hardy Diagnostics, Laboratory Corporation of America Holdings, Trinity Biotech, Quest Diagnostics, Danaher Corporation, Quidel Corporation, Vitagene Inc., Formlabs, HiMedia Laboratories, VIRCELL S.L., among others, are some significant players included in the research study of the global COVID-19 sample collection kits market.

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