Global Transport Media Market Opportunities And Strategies 2023
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
The Business Research Company’s transport media market report forecasts the transport media market size to grow to $3.79 Billion by 2027, with a CAGR (compound annual growth rate) of more than 5%.
Learn More On The Transport Media Market Report 2023 – https://www.thebusinessresearchcompany.com/report/transport-media-global-market-report
Transport Media Market Size Forecast
The global transport media market is expected to grow from $2.86 billion in 2022 to $3.05 billion in 2023 at a compound annual growth rate (CAGR) of 6.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global transport media market size is expected to reach $3.79 billion in 2027 at a CAGR of 5.5%.
North America held the largest transport media market share.
Key Transport Media Market Driver – Increase In The Prevalence Of Infectious Diseases
According to the Annual Epidemiological Report for 2021 published by the European Centre for Disease Prevention and Control, a Sweden-based European government health agency, the distribution of hepatitis C (a type of infectious disease) cases and rate per 100,000 population in Germany in December 2022 reached 4,718 cases and a 5.7 rate in 2021, up from 4,536 cases and a 5.5 rate in 2020. As a result, the rising prevalence of infectious diseases is propelling the expansion of the transportation media industry.
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Key Transport Media Market Trend – Product Innovations
To maintain their market position, major players in the transportation media sector focus on producing innovative goods. EKF Diagnostics, a UK-based medical diagnostic and healthcare company, for example, launched the PrimeStore MTM, a revolutionary molecular transport media for simultaneous COVID-19 and influenza sampling, in July 2020. It is a one-of-a-kind sample collection and transportation instrument that has FDA Class 2 clearance. It effectively kills bacterial and viral infections while preserving and stabilising the DNA and RNA that is released. The molecular transport medium facilitates a wide range of downstream molecular applications, including qPCR and next-generation sequencing. The sample can be used again and safely stored at room temperature for up to 7 days.
Transport Media Market Segment
1) By Product: Viral Transport Media, Universal Transport Media, Molecular Transport Media, Other Products
2) By Indication: Viral Diseases, Non- Viral Diseases
3) By Application: Diagnosis, Preclinical Testing
4) By End User: Hospitals, Clinics, Microbiology laboratories, Other End-Users
Transport Media Market Major Players and Strategies
Major players in the transport media market are Thermo Fisher Scientific Inc., Becton, Dickinson and Company, Puritan Medical Products Co. LLC, HiMedia Laboratories Pvt. Ltd., Vircell S.L., EKF Diagnostics, Trinity Biotech, Medical Wire & Equipment Co., Copan Diagnostics Inc., Alpha Teknova Inc., Hardy Diagnostics, Laboratory Corporation of America Holdings, DiaSorin S.p.A, Mckesson Medical Surgical Inc., and Cradinal Health Inc.
Sartorius AG, a German manufacturer and service provider of pharmaceutical and laboratory equipment, bought Xell AG for an unknown sum in July 2021. Sartorius broadens its present media range with this acquisition, including precisely targeted media for developing viral vectors as well as media analytics, while also pushing the expansion of its manufacturing network in a rapidly increasing market. Xell AG is a German researcher and manufacturer of cell culture media and feed additives.
The Transport Media Global Market Report 2023 covers regional data on transport media market size, transport media market trends and drivers, opportunities, strategies, and transport media market competitor analysis. The countries covered in the transport media market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
Transport media are specialised media that are designed to keep a specimen safe and prevent bacterial growth between the time it is collected and the time it arrives at the lab to be processed. Transport media are used to preserve a specimen and limit the multiplication of bacteria from the time of accumulation until the sample is processed.
View More Reports Related To The Transport Media Market –
Media Global Market Report 2023
Transport Global Market Report 2023
Transport Services Global Market Report 2023
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