Press release
Transport Media Market Poised for Robust Growth, Expected to Reach $4.02 Billion by 2028
Transport Media Market Report
The transport media market size is expected to see strong growth in the next few years. It will grow to $4.02 billion in 2028 at a compound annual growth rate (CAGR) of 5.5%. The growth in the forecast period can be attributed to data-driven advertising, smart city initiatives, rise of electric and autonomous vehicles, augmented reality (ar) integration, environmental sustainability. Major trends in the forecast period include integration with mobile technology, technological integration, digital transformation in transportation, sustainable packaging solutions, customization and personalization.
Market Overview -
Transport media are specialized media designed to keep a specimen safe and reduce bacterial development from the time it is collected until it is arrived at the lab to be processed. Transport media are used to preserve a specimen and restrict the proliferation of bacteria from the time of accumulation through the processing of the sample.
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Rising Prevalence Of Infectious Diseases Propels Growth In The Transport Media Market
The increasing prevalence of infectious diseases is expected to propel the growth of the transport media market going forward. Infectious diseases refer to conditions that transmit from one individual to another via polluted foods and beverages and through pathogens such as viruses, bacteria, fungi, and parasites. Molecular transport media enable safer sample handling and transportation, significantly lowering the risk of infection occurring due to infectious diseases, so the increasing prevalence of infectious diseases will propel the growth of the transport media market. For instance, in December 2022, 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, in Germany, the distribution of hepatitis C (a type of infectious diseases) cases and rate per 100,000 population reached 4,718 cases and a 5.7 rate in 2021, respectively, from 4,536 cases and a 5.5 rate in 2020. Therefore, the increasing prevalence of infectious diseases is driving the growth of the transport media market.
Competitive Landscape -
Major companies operating in the transport media market report 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., Cradinal Health Inc., The International Transport Forum, The Kortes Group LLC, Stephanie Marie Delgado, GOGEO SEO, Hawp Media, Transport Marketing LLC, Lamar Advertising Company, Outfront Media Inc., Intersection, Vector Media LLC, Adams Outdoor Advertising Inc., Clear Channel Outdoor, JCDecaux Group, Exterion Media, Adspace Networks Inc., APN Outdoor Group Limited
Revolutionizing Virus Sample Collection With Product Innovations
Product innovations are a key trend gaining popularity in the transport media market. Major companies operating in the transport media market focus on introducing innovative products to sustain their position in the market. For instance, in February 2021, Vircell SL, a Spain-based biotechnology company, launched VCTM015 TRANSPORT MEDIUM-2. It is a versatile transport medium that can be used to collect and preserve a variety of viruses, including SARS-CoV-2, influenza A virus, and respiratory syncytial virus (RSV). VCTM015 TRANSPORT MEDIUM-2 is a sterile, buffered saline solution that contains HEPES, gelatin, BSA, sucrose, and antibiotics. It is available in two formats: a 1 ml tube with a collection funnel and a 3 ml tube with a sterile nylon swab.
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Key Segments -
The transport media market covered in this report is segmented -
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
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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