The Transport Media Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Transport Media Global Market Report 2024, The transport media market size has grown strongly in recent years. It will grow from $3.05 billion in 2023 to $3.24 billion in 2024 at a compound annual growth rate (CAGR) of 6.4%. The growth in the historic period can be attributed to urbanization trends, consumer mobility, innovative ad formats, regulatory support, targeted local advertising.
The transport media market size is expected to see strong growth in the next few years. It will grow to $4.02 billion in 2028 at a compound annual growth rate (CAGR) of 5.5%. The growth in the forecast period can be attributed to data-driven advertising, smart city initiatives, rise of electric and autonomous vehicles, augmented reality (ar) integration, environmental sustainability. Major trends in the forecast period include integration with mobile technology, technological integration, digital transformation in transportation, sustainable packaging solutions, customization and personalization.
The increasing prevalence of infectious diseases is expected to propel the growth of the transport media market going forward. Infectious diseases refer to conditions that transmit from one individual to another via polluted foods and beverages and through pathogens such as viruses, bacteria, fungi, and parasites. Molecular transport media enable safer sample handling and transportation, significantly lowering the risk of infection occurring due to infectious diseases, so the increasing prevalence of infectious diseases will propel the growth of the transport media market. For instance, in December 2022, according to the Annual Epidemiological Report for 2021 published by the European Centre for Disease Prevention and Control, a Sweden-based European government health agency, in Germany, the distribution of hepatitis C (a type of infectious diseases) cases and rate per 100,000 population reached 4,718 cases and a 5.7 rate in 2021, respectively, from 4,536 cases and a 5.5 rate in 2020. Therefore, the increasing prevalence of infectious diseases is driving the growth of the transport media market.
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The transport media market covered in this report is segmented –
1) Transport Media Market By Product: Viral Transport Media, Universal Transport Media, Molecular Transport Media, Other Products
2) Transport Media Market By Indication: Viral Diseases, Non- Viral Diseases
3) Transport Media Market By Application: Diagnosis, Preclinical Testing
4) Transport Media Market By End User: Hospitals, Clinics, Microbiology laboratories, Other End-Users
Product innovations are a key trend gaining popularity in the transport media market. Major companies operating in the transport media market focus on introducing innovative products to sustain their position in the market. For instance, in February 2021, Vircell SL, a Spain-based biotechnology company, launched VCTM015 TRANSPORT MEDIUM-2. It is a versatile transport medium that can be used to collect and preserve a variety of viruses, including SARS-CoV-2, influenza A virus, and respiratory syncytial virus (RSV). VCTM015 TRANSPORT MEDIUM-2 is a sterile, buffered saline solution that contains HEPES, gelatin, BSA, sucrose, and antibiotics. It is available in two formats: a 1 ml tube with a collection funnel and a 3 ml tube with a sterile nylon swab.
The transport media market report table of contents includes:
1. Executive Summary
2. Transport Media Market Characteristics
3. Transport Media Market Trends And Strategies
4. Transport Media Market - Macro Economic Scenario
5. Global Transport Media Market Size and Growth
.....
31. Global Transport Media Market Competitive Benchmarking
32. Global Transport Media Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Transport Media Market
34. Transport Media Market Future Outlook and Potential Analysis
35. Appendix
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