United States Viral Transport Media (VTM) Kits Market was valued at USD 0.55 Billion in 2022 and is projected to reach USD 1.05 Billion by 2030, growing at a CAGR of 8.50% from 2024 to 2030.
The US Viral Transport Media (VTM) Kits Market has experienced significant growth due to the increasing demand for reliable and effective diagnostic tools in the healthcare industry. VTM kits are essential for collecting and preserving viral samples, particularly for the detection of respiratory infections like COVID-19, influenza, and other viral diseases. These kits ensure the integrity of samples during transport to diagnostic laboratories, which is crucial for accurate results and timely diagnoses.
In the wake of the COVID-19 pandemic, the market for VTM kits has seen an unprecedented surge. Healthcare providers, public health organizations, and diagnostic centers have all ramped up their demand for these kits. This spike in demand has also highlighted the critical role of VTM kits in ensuring the safety and accuracy of viral testing. The market has not only experienced a rise in product demand but has also spurred innovations in the development of more effective and user-friendly kits.
With the continuous advancement of diagnostic technologies, the US Viral Transport Media (VTM) Kits Market is expected to continue growing, driven by factors such as rising awareness about infectious diseases, increased government investments in healthcare infrastructure, and technological advancements in diagnostic tools. As the market evolves, manufacturers are focusing on improving the design and functionality of VTM kits to ensure faster and more accurate results.
Notably, the demand for VTM kits is not limited to COVID-19 alone. The increasing prevalence of viral infections like hepatitis, dengue, and Zika virus is contributing to the growing market size. Healthcare providers are now more inclined to invest in VTM kits for multiple viral diseases, enhancing the overall market landscape.
In line with other global markets, such as the 100 Gigabit Fiber Optic Transceiver Market, the VTM kits sector is also experiencing rapid technological integration, where automation and data analytics are helping streamline the entire sample transport process. With evolving needs and growing demand, this market is poised for sustained growth in the coming years.
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BD
Atlas Medical
Biologos
Cardinal Health
Charm Sciences
COPAN Diagnostics Inc.
CPT Medical
Gentueri
Inc.
LaunchWorks
Puritan
Rhino Diagnostics
Teknova
Thermo Fisher Scientific
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the US Viral Transport Media (VTM) Kits Market
Pre-filled VTM Kits
Non-pre-filled VTM Kits
Tube
Swab
Transport Medium
Diagnostic Laboratories
Hospitals
Research & Development
Others
Healthcare Providers
Diagnostic Centers
Research Institutions
Pharmaceutical Companies
Direct Sales
Online Sales
Third-party Distributors
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the US Viral Transport Media (VTM) Kits Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. US Viral Transport Media (VTM) Kits Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. US Viral Transport Media (VTM) Kits Market, By Type
6. US Viral Transport Media (VTM) Kits Market, By Application
7. US Viral Transport Media (VTM) Kits Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. US Viral Transport Media (VTM) Kits Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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