Press release
The Molecular Transport Medium Market to grow on the back of on-demand healthcare, witnessing a CAGR of 1.2%
Overall, molecular transport medium sales accounted for approximately 20.5% revenue share of the global swab and viral transport medium market in 2021.
Based on end-user, the molecular transport medium market can be segmented into hospitals and clinics, diagnostic laboratories, research and academic institutions, and biopharmaceutical companies. Hospitals and clinics account for the largest share of the market, owing to the increasing demand for diagnostic testing for infectious diseases and cancer.
Geographically, the molecular transport medium market can be segmented into North America, Europe, Asia-Pacific, and the Rest of the World. North America is expected to dominate the market due to the presence of a large number of diagnostic laboratories and the adoption of advanced diagnostic technologies in the region. Europe is also a significant market due to the increasing prevalence of infectious diseases and cancer. The Asia-Pacific market is expected to witness significant growth due to the increasing demand for diagnostic testing and the growing healthcare infrastructure in the region.
The molecular transport medium market is highly competitive, with a large number of players operating in the market. Key players in the market include Thermo Fisher Scientific, Inc., BioMerieux, Inc., QIAGEN, Becton, Dickinson and Company, Bio-Rad Laboratories, Inc., and Merck KGaA. These players are focusing on the development of new and innovative products to cater to the increasing demand for molecular diagnostic testing.
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What Restrains the Market Expansion of Molecular Transport Mediums?
"Alternative Technology Presence"
In order to stabilize specimens for the detection of viruses, bacteria, and fungi, mostly during diagnostic exams, a variety of medium solutions have been suggested. These media are often made with balanced salt or saline solutions that have the ability to maintain a neutral pH.
Researchers recommend a variety of plant-based protein supplements to increase viruses' consistency. Commercial formulations are routinely utilized and frequently come with sample collection kits that comprise sterile swabs, despite the fact that some laboratories prepare their own viral transport media.
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Key Segments Covered in Molecular Transport Medium Industry Research
Molecular Transport Medium Market by Product Type:
Active Transport Medium
Inactivated Transport Medium
Molecular Transport Medium Market by Application:
Virus
COVID-19
Middle East Respiratory Syndrome (MERS)
Influenza
Human Immunodeficiency Virus (HIV)
Rhinovirus
Adenovirus
Respiratory Syncytial Virus (RSV)
Bacteria
Staphylococcus Pneumonia
Haemophilus Influenza
Anthrax
Others
Atypical Bacteria
Mycoplasma
Q-Fever
Others
Mycobacterial and Fungal Infection
Molecular Transport Medium Market by Sample:
Nasal Washes and Swabs
Sputum
Saliva
Faecal & Stool
Urine
Blood
Tissues
Others
Molecular Transport Medium Market by End User:
Diagnostic Laboratories
Microbiology Laboratories
Hospitals & Clinics
Others
Molecular Transport Medium Market by Region:
North America Molecular Transport Medium Market
Latin America Molecular Transport Medium Market
Europe Molecular Transport Medium Market
South Asia Molecular Transport Medium Market
East Asia Molecular Transport Medium Market
Oceania Molecular Transport Medium Market
The Middle East & Africa Molecular Transport Medium Market
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