Viral Transport Medium Market Trends and Forecast
The future of the global viral transport medium market looks promising with opportunities in the diagnostic lab and hospital & clinic markets. The global viral transport medium market is expected to grow with a CAGR of 3.5% from 2024 to 2030. The major drivers for this market are increasing demand for accurate & efficient virus testing, rising prevalence of infectious diseases worldwide, and growth in government funding for healthcare infrastructure.
• Lucintel forecasts that viral transport media is expected to witness the highest growth over the forecast period.
• Within this market, diagnostic lab is expected to witness the higher growth.
• APAC is expected to witness the highest growth over the forecast period.
Country Wise Outlook for the Viral Transport Medium Market
• United States: Thermo Fisher Scientific expanded its production facilities to meet increased demand for viral transport mediums, supported by government grants aimed at boosting domestic diagnostic capabilities.
• Germany: Qiagen launched a new line of viral transport mediums designed to enhance virus preservation and detection, aligning with government targets for improved healthcare preparedness and response.
• China: Zhejiang Orient Gene Biotech announced plans to increase manufacturing capacity for viral transport mediums, backed by government initiatives to strengthen the countryÄX%$%Xs public health infrastructure and diagnostic capabilities.
• India: Molbio Diagnostics introduced an affordable and high-quality viral transport medium to support widespread testing, with government endorsement to improve access to reliable diagnostic tools in rural and urban areas.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Viral Transport Medium Market by Segment
The study includes a forecast for the global viral transport medium market by product, usage, indication, end-use, and region.
Viral Transport Medium Market by Product [Value from 2018 to 2030]:
• Viral Transport Media
• Universal Transport Media
• Molecular Transport Media
Viral Transport Medium Market by Usage [Value from 2018 to 2030]:
• Diagnosis
• Pre-Clinical Testing
Viral Transport Medium Market by Indication [Value from 2018 to 2030]:
• Influenza & Covid
• Herpes Simplex Virus
• Respiratory Syncytial Virus
• Varicella Zoster Virus
• Others
Viral Transport Medium Market by End-Use [Value from 2018 to 2030]:
• Diagnostic Labs
• Hospitals & Clinics
• Others
Viral Transport Medium Market by Region [Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Viral Transport Medium Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies viral transport medium companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the viral transport medium companies profiled in this report include-
• BD
• Hardy Diagnostics
• HiMedia Laboratories
• Laboratory Corporation of America
• Puritan Medical Products
• Thermo Fisher Scientific
• Vircell
Recent Development in the Viral Transport Medium Market
• Copan Diagnostics Inc.: Copan Diagnostics expanded its production lines for viral transport mediums to meet global demand, focusing on improving supply chain efficiency and product availability. This initiative supports international efforts to enhance diagnostic testing during pandemics and outbreaks.
• Puritan Medical Products: Puritan Medical Products increased its production capacity for viral transport mediums in response to the COVID-19 crisis. The company received federal support to accelerate manufacturing processes, ensuring timely delivery of critical diagnostic supplies.
• Hardy Diagnostics: Hardy Diagnostics launched a new viral transport medium product line designed for superior virus preservation and stability. This development aims to provide laboratories with reliable tools for accurate virus detection and research, supporting global health initiatives.
• HiMedia Laboratories: HiMedia Laboratories introduced an advanced viral transport medium to cater to the growing demand for high-quality diagnostic reagents. The companyÄX%$%Xs focus on innovation and quality assurance aligns with efforts to enhance diagnostic accuracy and reliability worldwide.
Features of the Global Viral Transport Medium Market
Market Size Estimates: Viral transport medium market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Viral transport medium market size by various segments, such as by product, usage, indication, end-use, and region in terms of value ($B).
Regional Analysis: Viral transport medium market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different products, usages, indications, end-uses, and regions for the viral transport medium market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the viral transport medium market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for viral transport medium market?
Answer: The global viral transport medium market is expected to grow with a CAGR of 3.5% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the viral transport medium market?
Answer: The major drivers for this market are increasing demand for accurate & efficient virus testing, rising prevalence of infectious diseases worldwide, and growth in government funding for healthcare infrastructure.
Q3. What are the major segments for viral transport medium market?
Answer: The future of the viral transport medium market looks promising with opportunities in the diagnostic lab and hospital & clinic markets.
Q4. Who are the key viral transport medium market companies?
Answer: Some of the key viral transport medium companies are as follows:
• BD
• Hardy Diagnostics
• HiMedia Laboratories
• Laboratory Corporation of America
• Puritan Medical Products
• Thermo Fisher Scientific
• Vircell
Q5. Which viral transport medium market segment will be the largest in future?
Answer: Lucintel forecasts that viral transport media is expected to witness the highest growth over the forecast period.
Q6. In viral transport medium market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness the highest growth over the forecast period.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the viral transport medium market by product (viral transport media, universal transport media, and molecular transport media), usage (diagnosis and pre-clinical testing), indication (influenza & covid, herpes simplex virus, respiratory syncytial virus, varicella zoster virus, and others), end-use (diagnostic labs, hospitals & clinics, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Viral Transport Medium Market Market, Viral Transport Medium Market Market Size, Viral Transport Medium Market Market Growth, Viral Transport Medium Market Market Analysis, Viral Transport Medium Market Market Report, Viral Transport Medium Market Market Share, Viral Transport Medium Market Market Trends, Viral Transport Medium Market Market Forecast, Viral Transport Medium Market Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.