: Emphasis on Test Type (Urine Test Kits, Ovulation Predictor Test Kits, HIV Test Kits, Pregnancy Tests, Others); Distribution Channel (Hospital Pharmacy, Retail Pharmacy, E-Commerce); and Region/Country
The midstream collection kits market is expected to register a CAGR of approx. 5% over the period of 2022-2028. Midstream collection kits are widely used for urine collection and storage. The majority of other tests carried out in order to run a physical test are less accurate than specimen tests. An essential component of first-line diagnosis is the examination of urine samples taken from the hospital or home-based patients. It is therefore critical to obtain the specimen effectively and easily in order to perform the test. Regardless of a patient’s gender or appearance, midstream collection kits are suitable for nearly all patient categories. The growing demand for midstream collection kits can be attributed due to the rising incidence of diseases such as Urinary Tract Infections (UTIs) which boosts the adoption of organic growth strategies among key industry players around the globe. For instance, According to The National Center for Biotechnology Information, globally, around 6 million people are diagnosed with urinary tract infections every year. Owing to the glaring statistics the rising prevalence of UTI boosts the demand for midstream collection kits across the globe and would contribute to the growth of the market in the forthcoming period as well. Furthermore, the midstream collection kits market is anticipated to grow on account of the increasing number of diagnostic procedures. In addition, the rising prevalence of kidney diseases is anticipated to increase demand for products that are used in urinalysis driving the market growth. However, some of the restraints in the market including the alternative approaches to diagnosis and lack of trained professionals are impeding the growth of this market all over the world.
Bayer AG; ulrich GmbH & Co. KG; Medtron AG; ICU Medical, Inc; B. Braun SE; Apollo Rt Co. Ltd; Nemoto Kyorindo Co. Ltd; Guerbet Group; GE Healthcare; Shenzhen Anke High-tech Co. Ltd are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.
Insights Presented in the Report
“Amongst test type, the pregnancy tests category is expected to witness considerable CAGR during the forecast period”
Based on the test type, the midstream collection kits market is segmented into urine test kits, ovulation predictor test kits, HIV test kits, pregnancy tests, and others. The pregnancy tests segment accounted for a significant market share and it is estimated that it will grow rapidly during the projected timeframe. Increasing awareness with regard to the latest pregnancy detection kits, rising knowledge about how to use self-detecting pregnancy devices and their benefits, and the surging preference for self-detecting kits boost the segment of the market.
“Amongst distribution channel, the hospital pharmacy category is expected to witness considerable CAGR during the forecast period”
Based on the distribution channel, the market is fragmented into hospital pharmacy, retail pharmacy, and e-commerce. The hospital pharmacy segment grabbed a considerable market share, and it is expected to grow at a significant CAGR during the forecast period owing to the purpose of quickly conducting a test. The midstream collection kits are designed to be used in home-care settings as well, with immediate response to the test available in R&D laboratories.
“Asia Pacific to witness significant growth during the forecast period”
For a better understanding of the market adoption of the midstream collection kits, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, and Rest of North America), Europe (Germany, France, Italy, Spain, U.K., and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. Asia Pacific constitutes a major market for the midstream collection kits industry owing to the presence of prominent players in the region. Furthermore, the unique strategies adopted by manufacturers, as well as targeting methods to include lab testing with the help of midstream collection kits, are bolstering the regional market’s growth.
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1. Market Introduction
2. Research Methodology Or Assumption
3. Market Synopsis
4. Executive Summary
5. Impact Of Covid-19 On The Midstream Collection Kits Market
6. Global Midstream Collection Kits Market Revenue, 2020-2028f
7. Market Insights By Test Type
8. Market Insights By Distribution Channel
9. Market Insights By Region
10. Midstream Collection Kits Market Dynamics
11. Midstream Collection Kits Market Opportunities
12. Midstream Collection Kits Market Trends & Insights
13. Demand And Supply Side Analysis
14. Value Chain Analysis
15. Pricing Analysis
16. Strategic Insights
17. Competitive Scenario
18. Company Profiled
19. Disclaimer
Research Methodology for the Global Midstream Collection Kits Market Analysis (2022-2028)
Analyzing the historical market, estimation of the current market, and forecasting the future market of the global midstream collection kits market were the three major steps undertaken to create and analyze the adoption of midstream collection kits in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global midstream collection kits market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the midstream collection kits market through company internal sources such as annual report & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the midstream collection kits market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments included in the report as the test type and distribution channel. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the midstream collection kits market. Further, we conducted factor analysis using dependent and independent variables such as the increasing prevalence of UTIs, etc. globally. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the midstream collection kits market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global midstream collection kits market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., top-down/bottom-up approach was applied to arrive at the market forecast about 2027 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, and Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Market Engineering
Data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers of each segment and sub-segment of the global midstream collection kits market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of test type and distribution channel in the global midstream collection kits market.
The main objective of the Global Midstream Collection Kits Market Study
The current & future market trends of the global midstream collection kits market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit as a first-mover advantage. Other quantitative goals of the studies include:
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