The Insight Partners Latest Research on “Transport Media Market Forecast to 2028″ Includes 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 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 2021 to 2028.
Download PDF Sample Copy at: https://www.theinsightpartners.com/sample/TIPRE00028975/
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. Transport media can be of use for diagnostics as well as preclinical testing. In diagnostics, transport media are useful for the collection, preservation, and safe transport of samples and specimens from a subject for diagnosis of various diseases and disorders.
Industry Players Analysis:
Leading companies operating in the transport media market have undertaken various organic growth strategies. The transport media market is majorly comminated Thermo Fisher Scientific, Inc.; BD; EKF Diagnostics; Puritan Medical Products; HiMedia Laboratories; Trinity Biotech; Vircell SL; Medical Wire & Equipment; COPAN Diagnostics Inc.; and Teknova, amongst others. The companies have been implementing various strategies that have helped their growth and, in turn, brought about several breakthroughs and transitions in the industry. The companies have utilized organic strategies such as launches, expansion, and product approvals. Moreover, the market players have also deployed several utilized inorganic strategies, including mergers & acquisitions, partnerships, and collaborations.
Below are the major growth strategies undertaken by the players operating in the global transport media market:
Mar-2022:Thermo Fisher Scientific Inc. launched a new viral inactivation medium with a swab for use in in vitro diagnostic testing for SARS-CoV-2 is available in Europe. The InhibiSure medium inactivates SARS-CoV-2 and stabilizes viral RNA at ambient temperatures for transportation and use in testing
Mar-2022: EKF Diagnostics entered into partnership with ABEC, Inc (“ABEC”), a leading global provider of engineered solutions and services for biotech manufacturing. According to the agreement, EKF Diagnostics is provided with Indiana facility with customised, large-scale bioprocess equipment and will include a 14,500 litre total volume stainless steel fermenter and an 8,000 litre media preparation system. The agreement has significantly enhanced EKF’s production capacity of enzymes used in a variety of diagnostic and Life Science applications, and is a positive progression of the Group’s strategy of investment to drive organic growth through the expansion of EKF Life Science’s fermentation capabilities
Inquire about Discount: https://www.theinsightpartners.com/discount/TIPRE00028975/
Impact of Covid-19:
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.
The report segments the transport media market as follows:
Based on product, the transport media market is segmented into viral transport medium, universal transport medium, molecular transport medium, and others. In 2021, the viral transport medium segment held the largest share of the market. However, the molecular transport medium segment is anticipated to register the highest CAGR during the forecast period.
Based on application, the transport media market is bifurcated into diagnosis and preclinical testing. The preclinical testing segment held a larger share of the market in 2021. However, the diagnosis segment is anticipated to register a higher CAGR during the forecast period.
Based on end user, the global transport media market is segmented into hospitals and clinics, microbiology laboratories, diagnostic laboratories, and others. In 2021, the hospitals and clinics segment held the largest share of the market. However, the diagnostic laboratories segment is anticipated to register the highest CAGR during the forecast period.
Buy Report at: https://www.theinsightpartners.com/buy/TIPRE00028975/
About The Insight Partners:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.
If you have any queries about this report or if you would like further information, please contact us:
Contact Person: Sameer Joshi