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Transport Media Market on Track for Strong Growth, Estimated to Grow at 6.2% CAGR Through 2029
Transport Media
What Is the Expected CAGR for the Transport Media Market Through 2025?
There has been a consistent expansion in the size of the transport media market over the past few years. The market value is expected to progress from $3.16 billion in 2024 to $3.3 billion in 2025, representing a compound annual growth rate (CAGR) of 4.5%. Factors like trends in urbanization, movement of consumers, innovative advertising formats, regulatory backing, and focused local advertising have contributed to the growth during the historical period.
What's the Projected Size of the Global Transport Media Market by 2029?
The market size for transport media is predicted to witness a robust expansion in the forthcoming years. The size is set to increase to $4.2 billion by 2029, rising at a Compound Annual Growth Rate (CAGR) of 6.2%. Factors that are expected to spur growth in this sector during the forecast period include advancements in data-directed advertising, implementation of smart city projects, emergence of electric and autonomous vehicles, the inclusion of augmented reality (ar), and environmental sustainability. Key trends to look out for during this period involve the amalgamation of mobile technology, technological fusion, digital conversion in transportation sector, eco-friendly packaging methods, and tailoring and personalizing services.
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Top Growth Drivers in the Transport Media Industry: What's Accelerating the Market?
The rise in infectious diseases is projected to spur the expansion of the transport media market. These diseases, which can be transmitted from person to person via contaminated food, drinks, and pathogens like viruses, bacteria, fungi, and parasites, necessitate safer handling and transportation of samples. Molecular transport media meet this need, considerably reducing the risk of infection due to these diseases. This growing occurrence of infectious diseases will thus boost the transport media market's growth. A case in point is the 10.7% rise in tuberculosis (TB) cases in England, as reported by the UK Health Security Agency in February 2024. Specifically, there were 4,850 cases in 2023, up from 4,380 in 2022. Therefore, the escalating rate of infectious diseases serves as a pivotal factor in propelling the transport media market's expansion.
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What Are the Key Trends Driving Transport Media Market Growth?
Major enterprises in the transport media industry are concentrating on creating novel products such as biosample collection kits, in a bid to facilitate the secure and effective conveyance of biological specimens. The kits, constituted by a range of tools and resources, are employed to safely amass, conserve, and deliver biological samples like blood, saliva, tissue, or other biological fluids. These kits are frequently combined with transport media to preserve the survivability of the gathered biological samples, ensuring their stability and freedom from contamination during the journey to diagnostic laboratories or research centers for precise examination. Take for instance, in February 2022, Azooka Labs, a biotechnology firm stationed in India, introduced mWRAPR, marking India's first homegrown biosample collection kit. This biological transport and storage medium caters to genomic sequencing laboratories and biobanks, maintaining the genetic matter in a variety of specimens such as saliva, blood, and tissues.
What Are the Main Segments in the Transport Media Market?
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
Subsegments:
1) By Viral Transport Media: Serum-Based Media, Cell Culture Media
2) By Universal Transport Media: Buffered Saline, Phosphate-Buffered Saline (PBS)
3) By Molecular Transport Media: DNA Or RNA Stabilization Solutions, PCR-Compatible Media
4) By Other Products: Specialized Transport Media, Custom Formulated Media
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Which Top Companies are Driving Growth in the Transport Media Market?
Major companies operating in the transport media market include Thermo Fisher Scientific Inc., Becton, Dickinson and Company, Hardy Diagnostics, HiMedia Laboratories Pvt. Ltd., Titan Biotech Ltd., Merck KGaA, Lonza Group AG, BioLife Solutions Inc., Copan Diagnostics Inc., Eiken Chemical Co.Ltd., Puritan Medical Products, Trinity Biotech plc, Sarstedt AG & Co., Neogen Corporation, Medical Wire & Equipment Co. Ltd., Creative Diagnostics, MedSchenker, Alifax S.r.l., Beijing Wantai Biological Pharmacy Enterprise Co. Ltd., Sisco Research Laboratories Pvt. Ltd., Falcon Laboratories Inc., LAB M Holdings Ltd., Nissui Pharmaceutical Co. Ltd., Spectrum Chemical Manufacturing Corp., TCS Biosciences Ltd., BioMerieux SA, Biomed Diagnostics Inc.
Which Regions Will Dominate the Transport Media Market Through 2029?
North America was the largest region in the transport media market in 2024. The regions covered in the transport media market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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