What Has Been The Historical And Current Growth Of The Transport Media Market?
The transport media market has seen considerable growth due to a variety of factors.
•The market size of the transport media sector has seen a strong expansion over the past few years. The growth is projected to escalate from $3.16 billion in 2024 to $3.33 billion in 2025, marking a compound annual growth rate (CAGR) of 5.4%.
This upward trend in the historic period can be credited to factors like urbanisation, movement of customers, the introduction of inventive advertisement formats, governmental backing, and local advertisements specifically targeting the audience.
What Is The Forecast For The Transport Media Market By 2029?
The transport media market is expected to maintain its strong growth trajectory in upcoming years.
• The size of the transport media market is anticipated to witness robust expansion in the upcoming years, escalating to "$4.27 billion by 2029 at a year-on-year growth rate of 6.4%.
The considerable growth projected within the forecast period can be attributed to factors like data-centric advertisements, initiatives for smart cities, the emergence of electric and self-driven vehicles, the incorporation of augmented reality (ar), and environmental sustainability. Notable trends forecasted during this period consist of merging with mobile technology, technological assimilation, digital revamp of transportation, eco-friendly packaging solutions, and customization along with personalization.
Which Key Drivers Are Propelling The Transport Media Market's Growth?
The surge in contagious diseases is projected to boost the expansion of the transport media market in the future. Contagious illnesses involve conditions that are transmitted from one individual to another through contaminated food and drink, as well as pathogens like bacteria, viruses, fungi, and parasites. Molecular transport media provide a safer way to handle and transport samples, thereby sharply reducing the infection risk associated with these diseases, so the rising prevalence of these diseases will spur the transport media market growth. For example, in February 2024, the UK Health Security Agency, a government entity, published a report showing a 10.7% rise in tuberculosis (TB) cases in England in 2023, recording 4,850 cases as compared to 4,380 in the previous year, 2022. Thus, the escalating occurrence of contagious diseases is fueling the expansion of the transport media market.
What Are The Key Segments Within The Global 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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How Are New Trends Impacting The Size Of The Transport Media Market?
Prominent players in the transport media market are intent on creating innovative solutions such as biosample collection kits to facilitate the secure and effective shipping of biological specimens. A biosample collection kit consists of a variety of tools and supplies for the secure gathering, storing, and conveying of biological specimens such as blood, saliva, human tissues, or other body fluids. It is usually used in conjunction with transport media to retain the vitality of the obtained biological samples, ensuring their stability and preventing contamination while being shipped to diagnostic or research labs for thorough analysis. For example, Azooka Labs, a biotechnology outfit in India, introduced mWRAPR in February 2022. This product by Azooka is India's first home-grown biosample collection kit. This biological transportation and storage medium is tailored to genome sequencing labs and biobanks, securing genetic information in a variety of specimens such as blood, saliva, and tissue samples.
Who Are the Key Players 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.
What are the Regional Insights into the Transport Media Market?
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
