Asia Pacific Transport Media Product Market Forecast to 2028 – COVID-19 Impact and Regional Analysis– by Product (Viral Transport Medium, Universal Transport Medium, Molecular Transport Medium, and Others), Application (Diagnosis and Preclinical Testing), and End-User (Hospitals and Clinics, Microbiology Laboratories, Diagnostic Laboratories, and Others)

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 Revenue and Forecast to 2028 (US$ Million)  

  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.

1. THERMO FISHER SCIENTIFIC INC.
2. BD.
3. EKF Diagnostics.
4. HIMedia Laboratories.
5. VIRCELL S.L.
6. COPAN diagnostics.                

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