The specimen containers market size is estimated to be USD 2,142.2 million in 2022 and is expected to witness a CAGR of 4.98% during the forecast period 2023-2033. Rising incidence of chronic diseases, increase in trauma cases and accidents, and technological improvements are factors contributing to the market growth. Furthermore, introduction of novel products, acquisitions, and mergers by key market players is projected to support the market growth. However, environmental regulations governing the material types used and issues with landfills bring on by paper and plastic are expected to hinder the growth.

Technological improvements including universal containers for usage in areas such as genomics, molecular biology, and forensic science is expected to fuel the market growth over the forecast period. These containers are manufactured in sterile, automated environments that have been independently certified to be free of contamination with RNase, pyrogen, DNase, and human DNA. These containers are developed particularly for the safe handling of precious or hazardous samples, and for the prevention of contamination and the preservation of the samples’ viability.

Introduction of novel products, acquisitions, and mergers by key market players is projected to spur the market growth. For instance, in August 2021, FUJIAN JINYU NEW MATERIAL TECHNOLOGY announced a legally binding agreement to be acquired by STERIMED in exchange for the development of new, high-end technological films for use in medical packaging and other fields. With the use of this technology, it is possible to produce films that are thinner, more precisely customised, and as environment friendly as possible. The PA-PP heat-resistant formable film and the PA-PE formable barrier film are two of the medical device packaging products offered by Jinyu. The market is predicted to expand as a result.

Segmentation

By Raw Material

The market is categorized into high density poly ethylene, polypropylene, PVC, and others. In 2022, the polypropylene segment accounted for the highest revenue share due to the technological advancements and increasing demand across a range of end-use sectors. Polypropylene is a lightweight polymer, has great advantages, including low moisture resistance, high tensile strength, stain resistance, and resistance to numerous chemical solvents, acids, and bases. The PVC segment is anticipated to exhibit the fastest CAGR growth during the projection period. Glass labware can maintain precision while being safer than plastic. PVC is widely used in many industrial, technical, and everyday applications due to its flexibility, including those in the packaging, construction, electrical/electronic, transportation, and healthcare sectors.

By Type

The market is categorized into graduated bottles, jars, collection cups, vials, and airtight containers. In the global market, the airtight containers segment accounted for the largest revenue share in 2022 owing to the fact that airtight containers prevent the specimen from leaking and protect it from contaminants. Liquid specimen collection and transportation are best handled with airtight specimen containers. The market for airtight containers is significantly divided as a result of low manufacturing costs, easy availability to raw materials, and the rapid spread of technology. The significant global companies have the funds to support R&D projects that lead to premium products. In order to gradually raise the strength of the specimen container and airtight lid, research and development (R&D) operations in the market have continually concentrated on developing new ways to use various combinations of raw materials, which is predicted to spur sector expansion. The vials segment is anticipated to exhibit the highest CAGR rate during the projection period owing to increase in usage of vials in research institutions.

By End User

The market is segmented into diagnostic laboratories, biopharmaceutical companies, academic & research institutes, healthcare facilities, and others. In 2022, the diagnostic laboratories segment accounted for the largest revenue share owing to the rise in Additionally, research-based studies have grown in popularity during the past ten years. the number of diagnostic and laboratory processes and R&D activities. According to this, numerous academic institutions are building laboratories, which has increased demand for laboratory supplies globally. For instance, the company paid USD 830 million in net cash in January 2021 to acquire Groupe Novasep SAS’s European viral vector production company. This acquisition was done within the segment of laboratory products and biopharmaceutical services. Large biopharma clients and biotechnology companies can obtain manufacturing services for vaccines and therapies from the European viral vector manufacturing sector. The acquisition enhances the segment’s capacity for creating vaccines and gene and cell therapies.

Regional Markets

In 2022, North America region accounted for the highest revenue in the specimen containers market and is expected to maintain its dominance during the forecast period. This is attributed to the existence of major players, a supportive framework for reimbursement, significant government investment in the development of advanced medical equipment. There are still more opportunities in North America due to the region’s high per-capita healthcare expenditure and growing demand for laboratory automation. For instance, according to the Centers for Medicare & Medicaid Services (CMS), from 2018 to 2027, U.S. healthcare spending will rise by 5.5% annually and reach USD 6 trillion. The Asia Pacific area is anticipated to have the greatest CAGR over the forecast period. The rising development of cutting-edge products, growing elderly population, and the escalating prevalence of chronic diseases are expected to accelerate market growth during the course of the forecast period. The market is also being driven by the continuous development of medical infrastructure and growing government and private sector investments to support the usage of safer and more affordable healthcare solutions.

Competitor Insights

Some of the key players operating in the specimen containers market are SARSTEDT AG & Co. KG, Thermo Fisher Scientific, Vernacare, Levram Lifesciences, Kartell Labware, Cardinal Health, FL MEDICAL s.r.l., VITLAB GmbH, Sterimed Group, and BD.

To achieve a competitive edge, these companies are implementing a variety of growth strategies. Strategic partnerships, alliances, and agreements with different businesses and research institutions are seen to be the main strategies used by companies in this sector.

• For instance, PPD, Inc., a global company that provides clinical research services to the pharmaceutical and biotechnology sectors, was acquired by Thermo Fisher Scientific Inc. in December 2021. By enabling them to accelerate innovation and increase productivity during the drug development process, PPD’s clinical research services enhance the company’s capacity to serve its biotech and pharmaceutical clients.

This comprehensive research report focuses on the global and regional market size and forecasts of diverse segments including raw material, type, and end user from 2023 to 2033.

Report Scope:

Segmentation: Specimen Containers Market Report 2022 – 2033

Raw Material (Revenue, USD Million), 2022 – 2033

• High Density Poly Ethylene
• Polypropylene
• PVC
• Others

Type (Revenue, USD Million), 2022 – 2033

• Graduated Bottles
• Jars
• Collection Cups
• Vials
• Airtight Containers

End user (Revenue, USD Million), 2022 – 2033

• Diagnostic Laboratories
• Biopharmaceutical Companies
• Academic & Research Institutes
• Healthcare Facilities
• Others

By Region (Revenue, USD Million), 2022 – 2033

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • France
  • UK
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of APAC
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Rest of LATAM
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • Rest of MEA