Market Trends of Global Transport Media Industry
This section covers the major market trends shaping the Transport Media Market according to our research experts:
Viral Transport Media Segment is Expected to Witness Significant High Growth Over the Forecast Period
Viral transport media is a solution that allows for the safe transfer of viral samples to a laboratory for analysis. In many cases, it is a liquid that creates a balanced buffer solution for maintaining a neutral pH, antimicrobial agents, a source of protein, and sucrose that serves as a preservative. As the global concern is growing over the outbreak of COVID-19, The success of the diagnosis of COVID-19 is primarily dependent on the quality of the specimen and the conditions under which it is transported and stored before being processed in the laboratory.
Companies in the viral transport medium segment have increased their production capacities to develop products useful for viral collection, maintenance, and culture. As per the article titled "Optimal preparation of SARS-CoV-2 viral transport medium for culture" published in Virology Journal, in March 2021, the Media Production Unit (MPU) at the Peter Doherty Institute for Infection and Immunity, for local and regional diagnostic laboratories that use mostly manual methods, was asked to supply VTM at 20,000 units per week.
Companies in the transport media market are increasing efforts to develop FDA-approved products to gain global recognition. In July 2020 GMS announced the launch of VTM, the first locally produced Viral Transport Medium for cost-efficient highest quality sample collection solution.
Additionally, in June 2020, the Indian Institute of Technology (IIT) Guwahati, in association with RR Animal Healthcare Ltd and Guwahati Medical College and Hospital (GMCH), has developed low-cost diagnostic kits. These are Viral Transport Media (VTM) kits, RT-PCR kits, and RNA isolation kits. Therefore, the transport Media Market segment is expected to witness significant growth over the forecast period due to the abovementioned factors.
North America is Expected to Dominate the Transport Media Market
North America is expected to dominate the market owing to factors such as the growing number of diagnostic tests along with the prevalence of various market players. The increasing number of initiatives adopted by the government for the prevalence of testing kits, and the rise in the number of infectious diseases are also driving the market in North America. For Instance, On April 2021, Microbix Biosystems Inc. a life sciences innovator and exporter announced that it had received an initial order from the government of Ontario procurement authorities of USD 4.25 million for its viral transport medium. This is likely to boost the market growth over the upcoming years.
Key product launches, high concentration of market players, or manufacturer's presence in the United States are some of the factors driving the growth of the transport media market in the country. For instance, in April 2021, COPAN Diagnostics announced its North American launch of UniVerse, COPAN's fully automated instrument for molecular specimen preparation prior to Testing. These continuous product launches in the region are anticipated to drive the growth of the market in the country.
Therefore, owing to the aforesaid factors the growth of the studied market is anticipated in the North America Region.
