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#Swab and Viral Transport Medium Market Share
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Swab and Viral Transport Medium Market Size, Share, Price, Trends, Growth, Analysis, Report and Forecast 2024-2032
The global swab and viral transport medium market size was valued at USD8.34 billion in 2023, driven by prevalence of point of care testing across the globe. The market size is anticipated to grow at a CAGR of 5.8% during the forecast period of 2024-2032 to achieve a value of USD 13.91 billion by 2032. Swab and Viral Transport Medium Market: Competitor Landscape
The key features of the market report include patent analysis, grants analysis, clinical trials analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in the market are as follows:
• ThermoFisher Scientific • Becton, Dickinson and Company • Titan Biotech Limited
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Virology Specimen Collection Market: Worldwide Industry Analysis and New Market Opportunities Explored to 2032
According to a recent virology specimen collection market report by Future Market Insights (FMI), the motor monitoring market is anticipated to advance at a phenomenal CAGR of -0.5% over the forecast period 2022-2032. The market for virology specimen collection was valued at US$ 5.6 billion globally in 2021, and it is anticipated to grow at a negative CAGR of -0.5% from 2022 to 2032.
Additionally, the rising prevalence of viral infections like SARS-CoV-2, AIDS, flu, EBOLA, Zika virus, and STDs boosts the demand for virology specimen collection.
The Zika virus and Babesia outbreaks, alongside announcements for their inclusion in virology specimen collection tests, indicate the need for innovation in virology specimen collection technologies, consumables, laboratory testing and instruments. Other countries have also undertaken initiatives to check for new and emerging diseases.
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The high cost of technologies and collection kits and usage of flow sensitivity screening are the major factors hampering the growth of the virology specimen collection market.
Some emerging markets such as India, the Middle East, and Africa offer promising virology specimen collection opportunities for players in the industry due to their increasing disposable incomes and improving healthcare infrastructure.
The comparatively high cost of laboratory testing has boosted the increasing use of older and less practical tests, for example, first-generation ELISA.
The test has been used in various parts of the world despite its limitation.
The high costs of the virology specimen collection products serve as the critical factor curtailing the growth impetus in the market.
There is a crucial requirement to reduce the costs of these products to create demand for virology specimen collection. Otherwise, it is estimated to hinder the virology specimen collection growth even in upcoming years.
During the diagnostics investigations, different microbiology specimen collection mediums are recommended to stabilize specimens for the detection of viruses and bacteria.
Thus, based on these factors, the virology swab sample market is likely to experience innumerable growth avenues in the forthcoming years.
It is expected to have a digital future of public health, and there comes a crucial requirement to align the international strategies for evaluation and regulation.
There is high competition among the virology specimen collection market players.
Only major companies can afford high-capital investments and the cost of R&D and manufacturing. That prevents new entrants from entering the virology specimen collection market.
Key Takeaways:
North America is anticipated to be at the forefront of the virology specimen collection market future trends, which can be attributed to the increasing adoption of NAT and technological advancements such as portable diagnostics.
The bacterial specimen collection segment is projected to lead the virology collection market trend by product type. The high prevalence of tuberculosis (TB) is one of the significant factors contributing to the share of the segment.
Diagnostic applications are expected to account for a significant portion of the virology specimen collection market size due to a spike in the number of FDA-approved specimen collection kits, transport of viral specimen, and virology swab sample for clinical applications.
By end use, the hospitals and clinics segment is anticipated to generate the most revenue, owing to an uptick in patients with respiratory viruses and bacterial infections.
The Asia Pacific market for bacterial and virology sample collection is expected to grow at a rapid pace because of extensive coronavirus testing in Asian countries.
By technology, the segment of the nasopharyngeal sample is estimated to hold sway on account of rapid detection of transmissible transfusion infections (TTIs) and the rising prevalence of HPV-related cancers and human papillomavirus (HPV).
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“Virology specimen collection tests emphasize the need for virology specimen collection technology innovation and adoption, consumables, and instruments. This is projected to drive the demand for the virology specimen collection market further.” opines an FMI analyst.
Competitive Landscape:
A few notable virology specimen collection market players include Puritan Medical Products Co. (UK), Trinity Biotech (Ireland), Dickinson and Company (US), Thermo Fisher Scientific Inc. (US), Vircell S.L. (Spain), Becton, Quidel Corporation (US), Titan Biotech Ltd. (India), Diasorin SA (Italy), Copan Italia S.P.A (Italy), Hardy Diagnostics (US).
These firms and companies are partnering & collaborating with several domestic and international players as a part of the emerging trends in the viral specimen collection market.
Henkel AG & Co. KGaA of Germany tied up with Origin of California to leverage the latter’s expertise in performing robust mechanical testing at its California facility. Henkel also contributed expertise and technology to developing 3D printed nasopharyngeal swabs for COVID-19 testing and several other recent developments in the virology specimen collection market.
Under a USD 6.0 million contract with Inflammatix Inc., the US HHS supported the development of the host-response testing technology. The company is working on three diagnostic tests that will provide quick results on whether the infection is bacterial or viral. This enables clinicians to make better-informed, earlier treatment decisions. Such initiatives are also at the heart of the companies’ strategy to expand earlier diagnosis.
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Key Segments By Product Type:
Blood Collection Kits
Specimen Collection Tubes
Viral Transport Media
Swabs
By Sample:
Blood Samples
Nasopharyngeal Samples
Throat Samples
Nasal Samples
Cervical Samples
Oral Samples
Other Samples
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akashthings · 4 years
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Global  Viral Transport Media MarketGrowth Statistics, Latest Trends & Future Prospects2020-2026
Summary - A Global Viral Transport Media Market and Regional Forecasts 2020-2027-” has been featured on WiseGuyReports.
lobal Viral Transport Media Market is valued at approximately USD XXX million in 2019 and is anticipated to grow with a healthy growth rate of more than XXX% over the forecast period 2020-2027. Viral transport media (VTM) is a collection and transport system mainly used for the collection, transport, and long-term freezing of biological specimens containing viruses, such as COVID-19, chlamydia, ureaplasma organisms, or mycoplasma
ALSO READ: https://www.openpr.com/news/2111031/global-viral-transport-media-market-2020-industry-analysis
They often used in collecting nasal swab and throat swabs to collect samples. The sample is later on sent to clinical laboratories in transport medium for detection and identification, to check the presence of a virus in the human body. With the recent outbreak of COVID-19 pandemic throughout the world, the demand for viral transport media is significantly growing to obtain the information and collection of novel coronavirus samples. The sample is usually collected in VTM to regulate the stability of the sample & get transported in a cold chain. Therefore, the increasing prevalence of COVID-19 around the world is one of the major factors driving the adoption of viral transport media all over the world. According to the World Health Organization (WHO), as of March 7th March 2020, around 87,831 confirmed cases of coronavirus registered throughout the world, including 3,549 deaths, and is reached to almost 7,941,791 confirmed cases with 434,796 deaths by 16th June 2020. According to the WHO, America is the leading country in terms of COVID patients and death, with almost 2,079, 592 confirmed cases with 115,484 deaths as of 16th June 2020. This, in turn, is expected to leverage the demand for viral transport media around the world. Moreover, the increasing number of government initiatives for testing kits in the developed & developing countries, along with the increasing number of product launches by the market vendors is further accelerating the market growth over the forecast period. However, technical issues related to swabs collection is one of the major factors impeding the market growth over the forecast period of 2020-2027.
 The regional analysis of the global Viral Transport Media market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the growing number of diagnostic tests, coupled with the rising prevalence of infectious disease in the region. Whereas, Asia-Pacific is anticipated to exhibit the highest growth rate / CAGR over the forecast period 2020-2027. Factors such as the rising demand for sample collection kits, along with the increasing healthcare spending would create lucrative growth prospects for the Viral Transport Media market across the Asia-Pacific region.
 Major market player included in this report are:
Thermo Fisher Scientific Inc.
Puritan Medical Products, BD
Laboratory Corporation of America
Lucence Diagnostics Pte Ltd.
Hardy Diagnostics
Formlabs
Medline Industries, Inc.
VIRCELL S.L.
HiMedia Laboratories
Titan Biotech Ltd.
 The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
 By Application:
Diagnosis of Certain Viral Infections
Preclinical Testing
 By End-Use:
Microbiology Laboratories
Diagnostic Laboratories
Hospitals & Clinics
Home Test
Others
 By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
 Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
 Furthermore, years considered for the study are as follows:
 Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027
 Target Audience of the Global Viral Transport Media Market in Market Study:
 Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
...FOR MORE DETAILS: https://www.wiseguyreports.com/reports/5626798-global-viral-transport-media-market-size-study-by
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Wise Guy Reports is part of the Wise Guy Research Consultants Pvt. Ltd. and offers premium progressive statistical surveying, market research reports, analysis & forecast data for industries and governments around the globe.                
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globalmarketreports · 4 years
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annagrace30 · 4 years
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rohinic123-blog · 4 years
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Swab and Viral Transport Medium Market Set to Record Exponential Growth by 2027
Swab and Viral Transport Medium Market: Introduction
Viral transport medium is a collection and transport system used for the collection, transport, and long-term freezing of clinical specimens containing viruses such as COVID-19, chlamydia, mycoplasma, or ureaplasma organisms
Viral skin swab is an implement lightly rubbed against the skin or vesicles to collect sample. The sample is later sent to laboratories in transport medium.
In the laboratory, viral cells are cultured and virus identification is performed by the laboratory technician
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Key Drivers and Restraints of Global Swab and Viral Transport Medium Market
The global swab and viral transport medium market is primarily driven by increase in demand for swabs & viral transport medium owing to COVID-19 pandemic, rise in use of viral transport medium in microbiology & diagnostic laboratories, and high investment in diagnostic equipment, kits, and accessories
Increase in the geriatric population, rise in adoption of diagnostic tests, and growth of the diagnostics industry are the other factors projected to drive the global market during the forecast period
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Diagnosis of Certain Viral Infections Segment to Account for Major Share of Global Market
In terms of application, the global swab and viral transport medium market can be classified into diagnosis of certain viral infections, preclinical testing, and others
The diagnosis of certain viral infections segment is anticipated to dominate the global market during the forecast period, due to significant demand for diagnostic testing services and increase in number of suppliers of FDA-approved swabs and transport media
Puritan Medical Products, COPAN Diagnostics, Inc., and Becton, Dickinson and Company (BD) are the manufacturers of FDA-approved nasopharyngeal and oropharyngeal swabs for coronavirus tests
Diagnostic Laboratories to be Highly Lucrative Segment
Based on end-user, the global swab and viral transport medium market can be categorized into microbiology laboratories, diagnostic laboratories, and others
The diagnostic laboratories segment is likely to account for major share of the global swab and viral transport medium market by 2027, owing to increase in number of samples being received for testing and high demand for viral transport mediums
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North America to Dominate Global Swab and Viral Transport Medium Market
In terms of region, the global swab and viral transport medium market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is projected to dominate the global swab and viral transport medium market during the forecast period.
The market in North America is anticipated to be driven by the presence of prominent players, rapid increase in number of diagnostic tests for COVID-19, and exponential rise in number of COVID-19 cases in the U.S.
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Key Players Operating in Global Market
The global swab and viral transport medium market is highly fragmented, with a large number of domestic players accounting for major market share. Key players operating in the global swab and viral transport medium market are:
COPAN Diagnostics, Inc.
Medical Wire & Equipment (MWE)
Titan Biotech Ltd.
Becton, Dickinson and Company
Vircell S.L.
MANTACC
Puritan Medical Products
Starplex Scientific, Inc.
Thermo Fisher Scientific
Trinity Biotech
DiaSorin
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globalmarketreports · 4 years
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rohinic123-blog · 4 years
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Swab and Viral Transport Medium Market Set to Record Exponential Growth by 2027
Swab and Viral Transport Medium Market: Introduction
Viral transport medium is a collection and transport system used for the collection, transport, and long-term freezing of clinical specimens containing viruses such as COVID-19, chlamydia, mycoplasma, or ureaplasma organisms
Viral skin swab is an implement lightly rubbed against the skin or vesicles to collect sample. The sample is later sent to laboratories in transport medium.
In the laboratory, viral cells are cultured and virus identification is performed by the laboratory technician
Report Overview @
https://www.transparencymarketresearch.com/swab-viral-transport-medium-market.html
Key Drivers and Restraints of Global Swab and Viral Transport Medium Market
The global swab and viral transport medium market is primarily driven by increase in demand for swabs & viral transport medium owing to COVID-19 pandemic, rise in use of viral transport medium in microbiology & diagnostic laboratories, and high investment in diagnostic equipment, kits, and accessories
Increase in the geriatric population, rise in adoption of diagnostic tests, and growth of the diagnostics industry are the other factors projected to drive the global market during the forecast period
Planning To Lay Down Future Strategy? Request Brochure Of Swab and Viral Transport Medium Market
https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=76865
Diagnosis of Certain Viral Infections Segment to Account for Major Share of Global Market
In terms of application, the global swab and viral transport medium market can be classified into diagnosis of certain viral infections, preclinical testing, and others
The diagnosis of certain viral infections segment is anticipated to dominate the global market during the forecast period, due to significant demand for diagnostic testing services and increase in number of suppliers of FDA-approved swabs and transport media
Puritan Medical Products, COPAN Diagnostics, Inc., and Becton, Dickinson and Company (BD) are the manufacturers of FDA-approved nasopharyngeal and oropharyngeal swabs for coronavirus tests
Diagnostic Laboratories to be Highly Lucrative Segment
Based on end-user, the global swab and viral transport medium market can be categorized into microbiology laboratories, diagnostic laboratories, and others
The diagnostic laboratories segment is likely to account for major share of the global swab and viral transport medium market by 2027, owing to increase in number of samples being received for testing and high demand for viral transport mediums
North America to Dominate Global Swab and Viral Transport Medium Market
In terms of region, the global swab and viral transport medium market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is projected to dominate the global swab and viral transport medium market during the forecast period.
The market in North America is anticipated to be driven by the presence of prominent players, rapid increase in number of diagnostic tests for COVID-19, and exponential rise in number of COVID-19 cases in the U.S.
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Key Players Operating in Global Market
The global swab and viral transport medium market is highly fragmented, with a large number of domestic players accounting for major market share. Key players operating in the global swab and viral transport medium market are:
COPAN Diagnostics, Inc.
Medical Wire & Equipment (MWE)
Titan Biotech Ltd.
Becton, Dickinson and Company
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