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The transport media market is expected to grow from US$ 3,030.21 million in 2022 to US$ 4,014.88 million by 2028; it is expected to register a CAGR of 4.8% from 2021 to 2028.
The microbial transport medium is essentially a buffer containing nutrients (excluding growth factors) such as carbohydrates and peptones, and is designed to maintain bacterial viability during transport without bacterial growth. The main purpose of using a transport medium is to deliver the sample as close to its original state as possible.
The growth of the transport media market is attributed to rise in demand due to the growing number of initiatives adopted by government for increasing the adoption rate of testing kits. However, clinical and technical issues related to swabs collection and transport media restricts the market growth.
The transport media market is segmented on the basis of product, application, end user, and geography. By geography, the market is broadly segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South & Central America. The market report offers insights and in-depth analysis of the market, emphasizing parameters such as market size, trends, technological advancements, and market dynamics, and the analysis of the competitive landscape of the globally leading market players. Furthermore, the report includes the impact of the COVID-19 pandemic on the transport media market across all the regions.
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Transport Media Market: Strategic Insights
Market Size Value in US$ 3,030.21 million in 2022 Market Size Value by US$ 4,014.88 million by 2028 Growth rate CAGR of 4.8% from 2021 to 2028. Forecast Period 2021- 2028 Base Year 2021
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Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Transport Media Market: Strategic Insights
Market Size Value in | US$ 3,030.21 million in 2022 |
Market Size Value by | US$ 4,014.88 million by 2028 |
Growth rate | CAGR of 4.8% from 2021 to 2028. |
Forecast Period | 2021- 2028 |
Base Year | 2021 |
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Have a question?
Akshay will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to AnalystLucrative Regions for Transport Media Market
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Market Insights
Rise in Demand due to COVID-19 Pandemic Drives Transport Media Market Growth
The demand for transport media increased with the rise in COVID-19 testing. For tests to be accurate and reliable, the quality of the specimen and the transporting and storing conditions of the specimen before being processed are crucial. For this, the use of a viral transport medium became common, and its demand increased exponentially. The most commonly used viral transport media were the screw cap plastic tube containing buffered proteins and antibiotics to prevent the growth of contaminants, such as bacteria and fungi. Many companies started mass production of a viral transport medium for the transportation of nasopharyngeal and oropharyngeal swab specimens to diagnostic laboratories for confirmation. Further, many universities and research organizations supported the production process by reducing research projects to prevent workplace outbreaks. They shifted their operations to custom production of viral transport medium to produce COVID-19 test kits. For instance, the Ohio State University Wexner Medical Center collaborated with its related laboratories and students to produced 254,791 viral transport media testing tubes for prompt distribution throughout Ohio.
With the expectation of further waves of the COVID-19 pandemic on regional levels, robust and large-scale COVID-19 testing is necessary to prevent adverse impacts, such as loss of life. This is expected to drive the market for transport media, especially viral transport media, in the coming years. Furthermore, apart from SARS-CoV-2, various other infectious disease outbreaks are becoming common, which require rapid testing and research work that is also expected to aid the market’s growth.
However, COVID-19 pandemic has severely disrupted worldwide supplies of viral transport media (VTM) due to widespread demand for severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2) reverse transcription-PCR (RT-PCR) testing. In response to this ongoing shortage, market players operating in the region began the production of VTM in-house in support of diagnostic testing in the hospital network. For Instance: In October 2020, COPAN Diagnostics Inc. announced that 5 million UTM (Universal Transport Medium) was shipped from the company's new manufacturing facility in Carlsbad, California, to play an integral part in the battle against the deadly virus.
Product-Based Insights
Based on product, the transport media market is segmented into viral transport media, universal transport media, molecular transport media, and others. In 2022, the viral transport media segment held the largest share of the market. However, the molecular transport media segment is expected to register the highest CAGR of 5.2% during the forecast period.
Transport Media Market, by Product – During 2022-2028
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- Request discounts available for Start-Ups & Universities
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
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Application-Based Insights
Based on application, the transport media market is bifurcated into diagnosis and preclinical testing. The diagnosis segment held the largest market share in 2022. Moreover, the same segment is anticipated to register the highest CAGR during the forecast period.
End User-Based Insights
Based on end user, the transport media market is segmented into hospitals and clinics, microbiology laboratories, diagnostics laboratories, and others. However, the diagnostics laboratories segment is expected to register the highest CAGR during the forecast period.
The transport media market players focus on adopting organic strategies such as product launch and expansion to expand their footprint and product portfolio globally, and to meet the growing demands.
By Geography
Based on 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 the Rest of Asia Pacific), the Middle East & Africa (the UAE, Saudi Arabia, South Africa, and the Rest of Middle East & Africa), and South & Central America (Brazil, Argentina, and the Rest of South & Central America).
Company Profiles
- Thermo Fisher Scientific Inc.
- BD
- EKF Diagnostics
- Puritan Medical Products
- HiMedia Laboratories
- Trinity Biotech
- VIRCELL S.L
- Medical Wire & Equipment
- COPAN Diagnostics Inc.
- Teknova
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Product, Application, and End-User
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Saudi Arabia, South Africa, South Korea, Spain, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
Transport media are buffer solutions containing carbohydrates, peptones, and other nutrients, apart from growth factors, designed for the transport of microorganisms while preserving the viability of the microbe. Transport media are designed to arrest any growth of the microbial sample. A transport media is of three major types, viral transport media, universal transport media, and molecular transport media, with VTM being the most prominently used media at present.
Key factors that are driving the growth of this market are increase in research studies, and rise in demand due to the COVID-19 pandemic.
The viral transport media segment dominated the global transport media market and held the largest revenue share of 56.36% in 2022.
The diagnosis segment dominated the global transport media market and held the largest revenue share of 85.05% in 2022.
The COVID-19 segment dominated the global transport media market and held the largest revenue share of 68.86% in 2022.
The hospitals and clinics segment dominated the global transport media market and held the largest revenue share of 61.82% in 2022.
The transport media market majorly consists of the players such as Thermo Fisher Scientific, Inc.; BD: EKF Diagnostics; Puritan Medical Products; HiMedia Laboratories; Trinity Biotech; VIRCELL S.L; Medical Wire & Equipment; COPAN Diagnostics Inc.; Teknova; amongst others.
Global transport media market is segmented by region into North America, Europe, Asia Pacific, Middle East & Africa and South & Central America. In North America, the U.S. is the largest market for transport media. The US is estimated to hold the largest share in the transport media market during the forecast period. The growing number of diagnostic tests along with prevalence of various market players.
However, increasing number of initiatives adopted by government for the prevalence of testing kits, rise in number of infectious diseases and increasing number of emerging and small size manufacturers in the Asia-Pacific is expected to account for the fastest growth of the region during the coming years
- THERMO FISHER SCIENTIFIC INC.
- BD
- EKF Diagnostics
- Puritan Medical Products
- HiMedia Laboratories
- Trinity Biotech
- VIRCELL S.L
- Medical Wire & Equipment
- COPAN Diagnostics Inc.
- Teknova
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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