About Molecular Transport Medium
The demand for molecular transport medium is being driven by an increase in the number of experiments conducted in laboratories and research institutes, increased awareness of laboratory coworker health, rapid antigen testing, and molecular assay experiments, an increase in the number of diagnostic market players, and an increase in the number of infectious diseases such as influenza. Because it inactivates the virus or pathogen, Molecular Transport Medium (MTM) is the safest alternative for transportation, whereas samples held in traditional transport mediums, such as viral transport medium or universal transport medium, will remain infectious and pose safety issues.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 4.5% |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that Global Players will contribute the maximum growth to Global Molecular Transport Medium market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Thermo Fisher Scientific (United States), BD (United States), Medical Wire & Equipment (United Kingdom), COPAN Diagnostics Inc. (United States), Titan Biotech Ltd (India), EKF Diagnostics (United Kingdom), Trinity Biotech (Ireland) and Puritan Medical Products (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Molecular Transport Medium market by Type (Viral Transport Medium and Virus Swabs) and Region.
On the basis of geography, the market of Molecular Transport Medium has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Indication, the sub-segment i.e. Mumps Virus will boost the Molecular Transport Medium market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Diagnostic Laboratories will boost the Molecular Transport Medium market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising expenditure by the government to develop healthcare processes and technologies
Market Growth Drivers:
Rising awareness for the health of co-workers in the laboratory and Surge in the number of infectious diseases like influenza
Challenges:
Streight Government Regulation
Opportunities:
Increasing number of experiments at labs and research institutes and Rising number of players in the diagnostic market
Market Leaders and their expansionary development strategies
In October 2023, Longhorn Vaccines and Diagnostics announced new data from the USDA National Veterinary Services Laboratory validating the company’s core diagnostic product, PrimeStore Molecular Transport Medium (PS-MTM), and its potential to inactivate highly consequential livestock and poultry viruses to support safer and more effective diagnostic testing. The results of this study may be utilized by diagnostic testing laboratories for highly pathogenic agents affecting animal and human populations to revise guidance for select agent diagnostic testing and shipment of infectious substances. The data were published in a recent preprint publication of bioRxiv.
In July 2020, EKF Diagnostics, a global in vitro diagnostics company, has announced that it has added a novel viral transport media for the safe sample handling and testing of multiple infectious diseases from a single swab to its product range. PrimeStore® MTM (Molecular Transport Medium) is an FDA cleared and CE IVD marked sample collection device which deactivates viruses, including COVID-19, flu A, flu B, HIV and TB. Already proven in the U.S. market, this fully patented device ensures transportation and workplace safety for disease testing programs, greatly reducing risk of infection to health workers, couriers, and lab technicians.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Molecular Transport Medium Providers, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations, End-Users and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.