Get In Touch

LFIAs Hold Potential to Reduce Cost of COVID-19 Antibody Testing

The self-collection of blood for COVID-19 antibody testing holds promising potentials to reduce morbidity and mortality in individuals. Such findings are anticipated to create revenue opportunities for companies in the self-sampling blood collection and storage devices market. However, venous blood is considered as the gold standard for ELISA testing as compared to capillary blood.

Since venipuncture is a laborious and skilled procedure, which requires significant investment in terms of personnel & facilities, companies in the self-sampling blood collection and storage devices market are capitalizing on this opportunity to increase R&D in rapid lateral flow immunoassays (LFIAs). Stakeholders need to improve on the variable performance of LFIAs in order to reduce the costs and risks associated with inpatient sampling.

Request a sample to get extensive insights into the Self-sampling Blood Collection and Storage Devices Market

Limitations of DBS Kits Leads to Technologies for Home Collection of Liquid Plasma

Dried blood samples (DBS) kits have many advantages for at-home self-collection such as easy usage, shipping, and storage of DBS samples. However, these kits also have several limitations that restrict its broader usage such as in order to analyze DBS samples, labs need to punch out blood spots from the paper and later elute those spots into a liquid solvent to extract the target analytes from the paper. This process is time consuming, and the elution steps dilute the sample by as much as 10- to 15-fold, which often reduces the concentration of the target analyte below the measurement capabilities of lab analyzers. These limitations have led to the recognition of the Sandstone’s Torq technology, which deploys high-quality separation of plasma or serum from whole blood at home and is ready to be tested without further dilution.

To understand how our report can bring difference to your business strategy, Ask for a brochure

Preference for CE-marked Devices for Gathering Unprecedented Amounts of Pharmacokinetic Data

The self-sampling blood collection and storage devices market is slated to clock a CAGR of 11.9% from 2021 to 2031. Tasso, Inc. - a medical equipment manufacturer in Seattle, Washington, has earned CE mark certification for its at-home, self-sampling blood collection device, Tasso-M20. An increasing number of European pharmaceutical companies is using the device across multiple virtual clinical trials to acquire the unprecedented amounts of the pharmacokinetic data.

Companies in the self-sampling blood collection and storage devices market are boosting their research to develop devices that enables pharmaceutical companies to offer an engaging, convenient, and decentralized blood testing solution that leads to faster and simpler clinical trials. Such devices are being preferred by leading medical institutes and government healthcare centers to offer best-in-class diagnostic experience for their patients.

At-home Specimen Collection Kits Provide Customized Branding, Instructions

Manufacturers in the self-sampling blood collection and storage devices market are increasing their output capacities in remote specimen collection kits that are a convenient, novel, and economical solution for biological specimen collection, transportation, and storage.

Neoteryx - a medical equipment supplier in Torrance, California, is being publicized for its Mitra® at-home specimen collection kits to manage sample tracking with native barcoding whilst offering branding and instructions customized as per user’s needs.

Stuck in a neck-to-neck competition with other brands? Request a custom report on Self-sampling Blood Collection and Storage Devices Market

Analysts’ Viewpoint

Self-sampling blood at home and post-dried blood spots to a reference lab or house to house collection have the potential to mitigate COVID-19 transmission risks for inpatient sampling and boost community surveillance. The self-sampling blood collection and storage devices market is expected to reach US$ 310.6 Mn by 2031. However, DBS samples are subject to hematocrit bias, which leads to inconsistent blood volumes and inaccuracies in the end result. Hence, companies in the self-sampling blood collection and storage devices market should increase R&D in technologies that enable liquid plasma or serum samples free of hemolysis and ready to be tested without further dilution.

Self-sampling Blood Collection and Storage Devices Market: Overview

  • This report analyzes the current and future prospects of the global self-sampling blood collection and storage devices market. High spending on research & development, increase in patient pool with different chronic diseases, rise in prevalence of various blood disorders, and surge in geriatric population are the key factors projected to fuel the growth of the global self-sampling blood collection and storage devices market during the forecast period.
  • The report provides an elaborate executive summary, which comprises a snapshot of the various segments of the global self-sampling blood collection and storage devices market. The report also provides information and data analysis of the global self-sampling blood collection and storage devices market about segments based on product, application, customer base, and region.
  • The overview section of the report provides detailed qualitative analysis of drivers and restraints affecting the global self-sampling blood collection and storage devices market, along with opportunities in the global market
  • The global self-sampling blood collection and storage devices market report includes company profiles and competitive matrix, which provide data about their businesses, product portfolios, and competitive landscape in the global self-sampling blood collection and storage devices market
  • The report includes data analysis on the global self-sampling blood collection and storage devices market attractiveness by region and segments
  • The last section of the report provides quantitative and qualitative analysis on market share of key players operating in the global self-sampling blood collection and storage devices market. It elaborates on the key competitive strategies adopted by the major industry players, thereby presenting a thorough understanding of the competitive scenario in the global self-sampling blood collection and storage devices market.

Self-sampling Blood Collection and Storage Devices Market: Key Segments

  • In terms of product, the global self-sampling blood collection and storage devices market has been bifurcated into collection devices and others
  • Based on application, the global self-sampling blood collection and storage devices market has been classified into disease management, health & wellness, drug discovery & development, epidemiological population health studies, and others
  • In terms of customer base, the global self-sampling blood collection and storage devices market has been divided into diagnostic laboratories, academic & research institutes, pharmaceutical industries, home settings, and others
  • The market size and forecast for each of these segments have been provided from 2017 to 2031. The CAGR of respective segment has also been provided for the forecast period from 2021 to 2031, considering 2020 as the base year.

Self-sampling Blood Collection and Storage Devices Market: Regional Outlook

  • In terms of region, the global self-sampling blood collection and storage devices market has been segmented into North America (U.S. and Canada), Europe (U.K., Germany, Spain, Italy, France, and Rest of Europe), Asia Pacific (China, India, Japan, South Korea, Australia & New Zealand, and Rest of Asia Pacific), Latin America (Brazil, Mexico, and Rest of Latin America), and Middle East & Africa (GCC Countries, South Africa, and Rest of Middle East & Africa)
  • The report provides market size and forecast for each region and country/sub-region from 2017 to 2031. Compound annual growth rate (CAGR) of each of these regions and countries have also been provided for the forecast period from 2021 to 2031, considering 2020 as the base year. The self-sampling blood collection and storage devices market study also covers the competitive scenario in these regions.

Companies Mentioned in Report

  • Leading players in the global self-sampling blood collection and storage devices market have been profiled based on key aspects such as company overview, product portfolio, financial overview, recent developments, and competitive business strategies
  • Major companies profiled in the global self-sampling blood collection and storage devices market report are
    • Neoteryx, LLC.
    • DBS System SA
    • PanoHealth
    • Tasso, Inc.
    • Seventh Sense Biosystems
    • LAMEDITECH
    • Capitainer
    • Spot On Sciences
    • Trajan Scientific and Medical
    • Drawbridge Health
    • Weavr Health
    • Microdrop

Self-sampling Blood Collection and Storage Devices Market – Scope of Report

TMR’s report on the self-sampling blood collection and storage devices market studies the past as well as the current growth trends and opportunities to gain valuable insights of the indicators of the market during the forecast period from 2021 to 2031. The report provides the overall revenue of the global self-sampling blood collection and storage devices market for the period of 2017–2031, considering 2020 as the base year and 2031 as the forecast year. The report also provides the compound annual growth rate (CAGR) of the global self-sampling blood collection and storage devices market for the forecast period of 2021–2031.

The report has been prepared after an extensive research. Primary research involved bulk of the research efforts, wherein analysts carried out interviews with industry leaders and opinion makers. Secondary research involved referring to key players’ product literature, annual reports, press releases, and relevant documents to understand the global self-sampling blood collection and storage devices market.

Secondary research included Internet sources, statistical data from government agencies, websites, and trade associations. Analysts employed a combination of top-down and bottom-up approaches to study various phenomena in the global self-sampling blood collection and storage devices market.

The report includes an elaborate executive summary, along with a snapshot of the growth behavior of various segments in the scope of the study. Moreover, the report throws light on the changing competitive dynamics in the self-sampling blood collection and storage devices market. These indices serve as valuable tools for existing market players as well as for entities interested in participating in the self-sampling blood collection and storage devices market.

The report also delves into the competitive landscape of the global self-sampling blood collection and storage devices market. Key players operating in the global self-sampling blood collection and storage devices market have been identified and each of these has been profiled for distinguishing business attributes. Company overview, financial standings, recent developments, and SWOT are some of the attributes of players in the self-sampling blood collection and storage devices market profiled in this report.

Key Questions Answered in Self-sampling Blood Collection and Storage Devices Market Report

  • How does the development of self-sampling blood collection and storage devices provide scope of growth in the global self-sampling blood collection and storage devices market?
  • How alliances and partnerships among players are widening the scope of new line of opportunities for self-sampling blood collection and storage devices?
  • What are the revenue share projections of key segments under various criteria in the self-sampling blood collection and storage devices market during the forecast period?
  • Which segment is likely to register highest revenue by the end of the forecast period in 2031?
  • How is the evolving healthcare system in developing countries in Asia Pacific making an impact on the overall self-sampling blood collection and storage devices market?

Self-sampling Blood Collection and Storage Devices Market – Research Objectives and Research Approach

The comprehensive report on the global self-sampling blood collection and storage devices market begins with an overview of the market, followed by the scope and objectives of this study. Following this, the report provides detailed explanation of the objectives behind this study and healthcare compliances laid down by accredited agencies in the purview of line of procedure for self-sampling blood collection and storage device.

For reading comprehensibility, the report has been compiled in a chapter-wise layout, with each section further divided into smaller ones. The entire report comprises an exhaustive collection of graphs and tables that are appropriately interspersed in the entire compilation. Pictorial representation of actual and projected values of key segments is visually appealing to readers. This also allows comparison of the market shares of key segments in the past and at the end of the forecast period.

The report analyzes the global self-sampling blood collection and storage devices market in terms of product, application, customer base, and region. Key segments under each criteria are studied at length, and the market share for each of these at the end of 2031 has been provided. Such valuable insights enable market stakeholders in making informed business decisions for investment in the global self-sampling blood collection and storage devices market.

Self-sampling Blood Collection and Storage Devices Market – Segmentation

Product
  • Collection Devices
  • Others
Application
  • Disease Management
  • Health & Wellness
  • Drug Discovery & Development
  • Epidemiological Population Health Studies
  • Others
Customer Base
  • Diagnostic Laboratories
  • Academic & Research Institutes
  • Pharmaceutical Industries
  • Home Settings
  • Others
Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.

REQUEST CUSTOMIZATION

Selfsampling Blood Collection And Storage Device Market