Molecular Transport Medium Market - Global Industry Analysis, Size, Share, Growth, Trends, & Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America & Middle East & Africa)
The global molecular transport medium market, which recorded revenues of US$ 1.6 billion in 2021, experienced a temporary dip but is now poised for steady growth. Projections indicate the market reaching US$ 1.2 billion by 2031.
Fueling Growth for Molecular Transport Medium Manufacturers
Innovative Technology - Revolutionizing Viral Transport Mediums
Technological advancements have led to a shift from traditional transport mediums to innovative molecular transport mediums, offering enhanced safety and convenience. These new products reduce exposure risks with non-hazardous and leak-proof formulations for transport, storage, and processing.
Preserving sample stability during transport and storage is another critical driver, as rapid storage is vital to prevent degradation or cell death after sample collection. Molecular transport mediums play a crucial role in maintaining sample stability during storage and transportation for approximately 48 hours, avoiding the need for freezing and thawing.
Challenges to Market Expansion
Presence of Alternative Technologies
Alternative solutions for stabilizing specimens, particularly for virus, bacteria, and fungus detection, pose a challenge to the molecular transport medium market. These solutions often use saline or buffered salt solutions to maintain a neutral pH. Researchers are exploring plant-based protein supplements to enhance virus stability.
Seasonal infections and the unpredictability of disease outbreaks affect demand for molecular transport mediums. Public awareness campaigns have increased testing rates, but demand may still outstrip supply due to the sporadic nature of infections.
Shelf-life limitations also hinder market growth, as molecular transport mediums have a short storage duration.
Country-wise Insights
U.S. Market: A Lucrative Opportunity
High awareness of disease prevention benefits, the presence of key players, and increased healthcare expenditure drive the demand for molecular transport mediums in the U.S.
Germany Market: Riding the Wave of Innovation
The launch of novel viral transport mediums, such as Thermo Fisher Scientific Inc.'s InhibiSURE, has boosted sales in European countries, including Germany, by ensuring rapid inactivation of the COVID-19 virus during collection and transport.
China Market: Government Investment
Major government investments have prompted manufacturers to increase production capacity to meet surging demand for comprehensive testing of symptomatic and asymptomatic patients, driven by COVID-19 and other infectious diseases.
India Market: Focus on Genetic Research
India's focus on genetic research and innovative product development for biological sample storage and transport, exemplified by Azooka Labs' mWRAPR, has fueled market growth. mWRAPR, India's first local biological storage and transport medium, has garnered support from institutions like Honeywell and Citigroup.
Competitive Landscape
Leading market players are expanding their production capacities to meet high demand during peak periods and offering competitive pricing. They are also developing advanced products to attract more end-users and increase market share.
Key Companies Profiled
Thermo Fisher Scientific Inc.
Becton, Dickinson, and Company
Cardinal Health
Quidel Corporation
Medical Wire & Equipment
COPAN Diagnostics Inc.
Titan Biotech Ltd.
Alpha Teknova, Inc. (formerly named Teknova)
Bio-Genex Laboratories Inc.
EKF Diagnostics
Trinity Biotech
Alpha-Tec Systems, Inc.
Charm Sciences, Inc.
Azer Scientific
bioBoaVista
AccuGene
KSL Diagnostics
Puritan Medical Products
Amazing Biotech (Shanghai) Co., Ltd.
Key Segments Covered in Molecular Transport Medium Industry Research
Molecular Transport Medium Market by Product Type:
Active Transport Medium
Inactivated Transport Medium
Molecular Transport Medium Market by Application:
Virus
COVID-19
Middle East Respiratory Syndrome (MERS)
Influenza
Human Immunodeficiency Virus (HIV)
Rhinovirus
Adenovirus
Respiratory Syncytial Virus (RSV)
Bacteria
Staphylococcus Pneumonia
Haemophilus Influenza
Anthrax
Others
Atypical Bacteria
Mycoplasma
Q-Fever
Others
Mycobacterial and Fungal Infection
Molecular Transport Medium Market by Sample:
Nasal Washes and Swabs
Sputum
Saliva
Faecal & Stool
Urine
Blood
Tissues
Others
Molecular Transport Medium Market by End User:
Diagnostic Laboratories
Microbiology Laboratories
Hospitals & Clinics
Others
Molecular Transport Medium Market by Region:
North America Molecular Transport Medium Market
Latin America Molecular Transport Medium Market
Europe Molecular Transport Medium Market
South Asia Molecular Transport Medium Market
East Asia Molecular Transport Medium Market
Oceania Molecular Transport Medium Market
The Middle East & Africa Molecular Transport Medium Market
Table of Contents
1. Executive Summary
1.1. Global Molecular Transport Medium Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Regional Snapshot, by Value and Volume, 2023
1.5. Analyst Recommendations
2. Market Overview
2.1. Market Definitions and Segmentations
2.2. Market Dynamics
2.2.1. Drivers
2.2.2. Restraints
2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. Porter's Five Forces Analysis
2.5. COVID-19 Impact Analysis
2.5.1. Supply
2.5.2. Demand
2.6. Impact of Ukraine-Russia Conflict
2.7. Economic Overview
2.7.1. World Economic Projections
2.8. PESTLE Analysis
3. Global Molecular Transport Medium Market Outlook, 2018 - 2031
3.1. Global Molecular Transport Medium Market Outlook, by Product Type, Value (US$ Bn), 2018 - 2031
3.1.1. Key Highlights
3.1.1.1. Active Transport Medium
3.1.1.2. Inactivated Transport Medium
3.2. Global Molecular Transport Medium Market Outlook, by Application, Value (US$ Bn), 2018 - 2031
3.2.1. Key Highlights
3.2.1.1. Virus
3.2.1.1.1. COVID-19
3.2.1.1.2. Middle East Respiratory Syndrome (MERS)
3.2.1.1.3. Influenza
3.2.1.1.4. Human Immunodeficiency Virus (HIV)
3.2.1.1.5. Rhinovirus
3.2.1.1.6. Adenovirus
3.2.1.1.7. Respiratory Syncytial Virus (RSV)
3.2.1.2. Bacteria
3.2.1.2.1. Staphylococcus Pneumonia
3.2.1.2.2. Haemophilus Influenza
3.2.1.2.3. Anthrax
3.2.1.2.4. Others
3.2.1.3. Atypical Bacteria
3.2.1.3.1. Mycoplasma
3.2.1.3.2. Q-Fever
3.2.1.3.3. Others
3.2.1.4. Mycobacterial and Fungal Infection
3.3. Global Molecular Transport Medium Market Outlook, by Sample, Value (US$ Bn), 2018 - 2031
3.3.1. Key Highlights
3.3.1.1. Nasal Washes and Swabs
3.3.1.2. Sputum
3.3.1.3. Saliva
3.3.1.4. Faecal & Stool
3.3.1.5. Urine
3.3.1.6. Blood
3.3.1.7. Tissues
3.3.1.8. Others
3.4. Global Molecular Transport Medium Market Outlook, by By End User, Value (US$ Bn), 2018 - 2031
3.4.1. Key Highlights
3.4.1.1. Diagnostic Laboratories
3.4.1.2. Microbiology Laboratories
3.4.1.3. Hospitals & Clinics
3.4.1.4. Others
3.5. Global Molecular Transport Medium Market Outlook, by Region, Value (US$ Bn), 2018 - 2031
3.5.1. Key Highlights
3.5.1.1. North America
3.5.1.2. Europe
3.5.1.3. Asia Pacific
3.5.1.4. Latin America
3.5.1.5. Middle East & Africa
4. North America Molecular Transport Medium Market Outlook, 2018 - 2031
4.1. North America Molecular Transport Medium Market Outlook, by Product Type, Value (US$ Bn), 2018 - 2031
4.1.1. Key Highlights
4.1.1.1. Active Transport Medium
4.1.1.2. Inactivated Transport Medium
4.2. North America Molecular Transport Medium Market Outlook, by Application, Value (US$ Bn), 2018 - 2031
4.2.1. Key Highlights
4.2.1.1. Virus
4.2.1.1.1. COVID-19
4.2.1.1.2. Middle East Respiratory Syndrome (MERS)
4.2.1.1.3. Influenza
4.2.1.1.4. Human Immunodeficiency Virus (HIV)
4.2.1.1.5. Rhinovirus
4.2.1.1.6. Adenovirus
4.2.1.1.7. Respiratory Syncytial Virus (RSV)
4.2.1.2. Bacteria
4.2.1.2.1. Staphylococcus Pneumonia
4.2.1.2.2. Haemophilus Influenza
4.2.1.2.3. Anthrax
4.2.1.2.4. Others
4.2.1.3. Atypical Bacteria
4.2.1.3.1. Mycoplasma
4.2.1.3.2. Q-Fever
4.2.1.3.3. Others
4.2.1.4. Mycobacterial and Fungal Infection
4.3. North America Molecular Transport Medium Market Outlook, by Sample, Value (US$ Bn), 2018 - 2031
4.3.1. Key Highlights
4.3.1.1. Nasal Washes and Swabs
4.3.1.2. Sputum
4.3.1.3. Saliva
4.3.1.4. Faecal & Stool
4.3.1.5. Urine
4.3.1.6. Blood
4.3.1.7. Tissues
4.3.1.8. Others
4.4. North America Molecular Transport Medium Market Outlook, by By End User, Value (US$ Bn), 2018 - 2031
4.4.1. Key Highlights
4.4.1.1. Diagnostic Laboratories
4.4.1.2. Microbiology Laboratories
4.4.1.3. Hospitals & Clinics
4.4.1.4. Others
4.5. North America Molecular Transport Medium Market Outlook, by Country, Value (US$ Bn), 2018 - 2031
4.5.1. Key Highlights
4.5.1.1. U.S. Molecular Transport Medium Market by Product Type, Value (US$ Bn), 2018 - 2031
4.5.1.2. U.S. Molecular Transport Medium Market By Application, Value (US$ Bn), 2018 - 2031
4.5.1.3. U.S. Molecular Transport Medium Market By Sample, Value (US$ Bn), 2018 - 2031
4.5.1.4. U.S. Molecular Transport Medium Market By End User, Value (US$ Bn), 2018 - 2031
4.5.1.5. Canada Molecular Transport Medium Market by Product Type, Value (US$ Bn), 2018 - 2031
4.5.1.6. Canada Molecular Transport Medium Market By Application, Value (US$ Bn), 2018 - 2031
4.5.1.7. Canada Molecular Transport Medium Market By Sample, Value (US$ Bn), 2018 - 2031
4.5.1.8. Canada Molecular Transport Medium Market By End User, Value (US$ Bn), 2018 - 2031