Viral Transport Medium Segment to Lead Market during 2022–2028
According to our new research study on "Transport Media Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Product, Application, and End User," the market is expected to grow from US$ 3,030.21 million in 2022 to US$ 4,014.88 million by 2028; it is estimated to grow at a CAGR of 4.8% from 2022 to 2028. The report highlights the trends prevailing in the market and the factors driving the transport media market growth. The rise in demand for transport media is due to the COVID-19 pandemic and the increasing number of research studies. However, the issues with viral transport media and supply chains hamper the growth of the transport media market.
Based on product, the transport media market is segmented into viral transport medium, universal transport medium, molecular transport medium, and others. The viral transport segment held the largest market share in 2022, and it is expected to continue its dominance during the forecast period. However, the molecular transport medium segment is expected to register the highest CAGR during the forecast period. The demand for viral transport medium increased drastically in 2020, with COVID-19 test kits being needed for testing suspected COVID-19 cases.
Lucrative Regions for Transport Media Market
Transport Media market Size & Share | Global Report 2022, 2028
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Transport Media Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Product (Viral Transport Medium, Universal Transport Medium, Molecular Transport Medium, and Others), Application (Diagnosis and Preclinical Testing), and End-User (Hospitals and Clinics, Microbiology Laboratories, Diagnostic Laboratories, and Others)
Transport Media market Size & Share | Global Report 2022, 2028
Download Free SampleTransport Media Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Product (Viral Transport Medium, Universal Transport Medium, Molecular Transport Medium, and Others), Application (Diagnosis and Preclinical Testing), and End-User (Hospitals and Clinics, Microbiology Laboratories, Diagnostic Laboratories, and Others)
Impact of COVID-19 Pandemic on Transport Media Market
The COVID-19 pandemic adversely affected several industries, such as manufacturing and healthcare, and its long-term repercussions are likely to hinder the healthcare sector growth during the forecast period. Due to the rising number of COVID-19 cases, lockdown and business shutdowns were imposed by governments of various countries to control the transmission of SARS-CoV-2. As the pandemic progressed, the demand for transport media for test kits witnessed a drastic rise. With COVID-19 cases rising exponentially, the demand for testing of suspected cases became imperative to ensure early detection, isolation, and prevention of the spread of this air-borne disease. Various entry points of countries and regions were closely monitored to prevent the spread of SARS-CoV-2. As the COVID-19 pandemic progressed, the demand of viral transport media remain steady in almost every region and country. The high demand also led to the setup of new market players, which assist in fulfilling the local demand of transport media. Overall, the market saw a robust rise during the COVID-19 pandemic, especially for viral transport medium used in swab sample test kits. The transport media ensured the safe transportation of the viral particles by arresting their growth and preventing their degradation. Further, various studies aimed at finding the cure for the COVID-19 infection have also created a demand for transport media to ensure a safe transport of viral particles, which has aided in the rise of the demand for transport media.
Major market players are boosting the in-house production of transport media to support the diagnostic testing in the hospital network. For instance, in October 2020, COPAN Diagnostics Inc. announced that 5 million UTM (Universal Transport Medium) were shipped from the company's new manufacturing facility in Carlsbad, California, to play an integral part in overcoming the impact of COVID-19 over the global population.
Several players in the transport media market are engaged in meeting the growing demands for transport media. Thermo Fisher Scientific, Inc.; BD; EKF Diagnostics; Puritan Medical Products; HiMedia Laboratories; Trinity Biotech; Vircell SL; Medical Wire & Equipment; COPAN Diagnostics Inc.; and Teknova are among the leading companies operating in the transport media market.
The report segments the transport media market as follows:
The transport media market is segmented on the basis of product, application, and end user. Based on product, the market is segmented into viral transport medium, universal transport medium, molecular transport medium, and others. Based on application, the transport media market is bifurcated into diagnosis and preclinical testing. Based on end user, the market is segmented into hospitals and clinics, microbiology laboratories, diagnostic laboratories, and others. By geography, the transport media market is segmented into North America (the US, Canada, and Mexico), Europe (the UK, Germany, France, Italy, Spain, and the Rest of Europe), Asia Pacific (China, Japan, India, Australia, South Korea, and Rest of Asia Pacific), the Middle East & Africa (the UAE, Saudi Arabia, South Africa, and the Rest of the Middle East & Africa), and South & Central America (Brazil, Argentina, and the Rest of South & Central America).
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