The Asia Pacific transport media product market is expected to reach US$ 845.03 million by 2028 from US$ 625.80 million in 2022; it is estimated to grow at a CAGR of 5.1% from 2022 to 2028.
The shortage of transport media has shown the impact that supply chains can have on the distribution of transport media and the resulting consequences, including shortcomings in testing and research. Therefore, companies aim to expand their presence across the countries in the region to ensure a prompt supply of transport media. Growing diagnostics and research are expected to propel the demand for transport media, especially proprietary transport media as per specimen, in the coming years. Also, market players partner with research laboratories that can aid in the production of customized transport media for specific projects, research, and testing. Developing countries faced a significant shortage of transport media primarily due to the lack of local market players and manufacturing facilities, and poor knowledge of transport media production processes and raw materials used. As a result, the region witnessed a shortage of transport media products during the COVID-19 pandemic, resulting in poor testing of suspected cases. Therefore, expansion of the market players across countries in Asia Pacific and incentives for the setup of local ones are crucial. With research projects and high funding from governments and private players, business expansions in countries with the option for custom transport media production through collaboration with research organizations would provide lucrative growth opportunities for the market during the forecast period. Therefore, the Asia Pacific transport media product market is expected to grow at a good CAGR during the forecast period.
Asia Pacific Transport Media Product Market Segmentation
The Asia Pacific transport media product market is segmented on the basis of product, application, end-user, and country. Based on product, the market is segmented into viral transport medium, universal transport medium, molecular transport medium, and others. In 2022, the viral transport medium segment held the largest market share. Based on application, the market is bifurcated into diagnosis and preclinical testing. In 2022, the diagnosis segment held a larger market share. Based on end-user, the market is segmented into hospitals and clinics, microbiology laboratories, diagnostic laboratories, and others. In 2022, the hospitals and clinics segment held the largest market share.
Based on country, the Asia Pacific Transport Media Product Market fragmented into Australia, China, India, Japan, South Korea, and Rest of APAC. The Rest of APAC contributed a substantial share in 2022.
THERMO FISHER SCIENTIFIC INC; BD; EKF Diagnostics; HIMedia Laboratories; VIRCELL S.L; COPAN diagnostics; and Teknoya are among the leading companies in the Asia Pacific Transport Media Product Market.
| Report Attribute | Details |
|---|---|
| Market size in 2022 | US$ 625.80 Million |
| Market Size by 2028 | US$ 845.03 Million |
| CAGR (2022 - 2028) | 5.1% |
| Historical Data | 2020-2021 |
| Forecast period | 2023-2028 |
| Segments Covered |
By Product
|
| Regions and Countries Covered |
Asia-Pacific
|
| Market leaders and key company profiles |
|
The Asia Pacific Transport Media Product Market is valued at US$ 625.80 Million in 2022, it is projected to reach US$ 845.03 Million by 2028.
As per our report Asia Pacific Transport Media Product Market, the market size is valued at US$ 625.80 Million in 2022, projecting it to reach US$ 845.03 Million by 2028. This translates to a CAGR of approximately 5.1% during the forecast period.
The Asia Pacific Transport Media Product Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia Pacific Transport Media Product Market report:
The Asia Pacific Transport Media Product Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Asia Pacific Transport Media Product Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Asia Pacific Transport Media Product Market value chain can benefit from the information contained in a comprehensive market report.
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