What is 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 |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | 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) |
The study covers a detailed analysis segmented by key business segments i.e. by type (Viral Transport Medium and Virus Swabs) and major geographies. Research Analyst at AMA predicts that Global Players will contribute to the maximum growth of Global Molecular Transport Medium market throughout the predicted period.
The competition is expected to become even more intense in the years to come due to the entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this Molecular Transport Medium market report suggests strategies that Players can follow and highlights key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Players, some of them are 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).
Market Overview:
PrimeStore MTM (Molecular Transport Medium) was designed and optimized for molecular testing allowing pathogenic samples to be collected, transported, and processed safely and efficiently. Millions of tubes of PrimeStore MTM have been sold to clients around the world during the SARS-CoV-2 pandemic.
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.
Market Trend
Rising expenditure by the government to develop healthcare processes and technologies
Opportunities
Increasing number of experiments at labs and research institutes and Rising number of players in the diagnostic market
Key highlights of the Global Molecular Transport Medium market Study:
CAGR of the market during the forecast period 2021-2027
In-depth information on growth factors that will accelerate the Molecular Transport Medium market in next few years.
Detailed Insights on futuristic trends and changing consumer behaviour
Forecast of the Global Molecular Transport Medium market size and its contribution to the parent market by type, application and by country.
A broad view of customer demand
Uncover markets competitive landscape and in-depth information on various Players
Comprehensive information about factors that will challenge the growth of Molecular Transport Medium Players
Transformation and Important Triggers:
Business transformation has taken hold across the broad corporate landscape due to the confluence of several important triggers, including:
A tipping point in globalization
A major slowdown in Western economies
Significant shifts in technology and cost structure
The challenges of regulatory compliance
New forms of competition developing
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Molecular Transport Medium market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, and SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Molecular Transport Medium market.
In order to make a priority list sorting is done based on revenue generated based on the latest reporting, using paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment> by targeting key target audience that includes 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.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases, etc.