ATP Assays Market: Current Analysis and Forecast (2022-2030)

Report Description

The ATP Assays market is expected to grow at a strong CAGR of around 8% during the forecast period 2023-2030. The ATP (adenosine triphosphate) assays market refers to the market for products and services related to the detection and quantification of ATP in various biological and environmental samples. ATP is a molecule that provides energy for cellular processes and is found in all living organisms. ATP assays are widely used in various fields, including pharmaceutical research, biotechnology, food and beverage industry, environmental monitoring, and clinical diagnostics. The market for ATP assays is driven by various factors, including the increasing demand for rapid and sensitive detection methods, the growing focus on quality control and safety in industries such as food and pharmaceuticals, and the rising awareness about the importance of ATP measurement in research and diagnostics. For instance, 3M provides ATP testing using the 3M™ Clean-Trace™ Hygiene Monitoring and Management System that can help provide a measurable and objective assessment of the cleanliness of equipment and surfaces.

Some of the major players operating in the market are Agilent Technologies, Inc; Thermo Fisher Scientific Inc.; Abcam plc; PerkinElmer Inc; BioThema; Danaher; Promega Corporation; Merck KGaA; Lonza; 3M. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report

“Amongst product, the instruments segment is expected to grow at a higher CAGR during the forecast period.”

Based on product, the market is segmented into consumables & accessories, and instruments. As per our analysis, the instruments segment is expected to grow at a higher CAGR during the forecast period. Instruments include luminometers, flow cytometers, and spectrophotometers. The increasing demand for more efficient instruments for better results and their interpretation are the major factors for the fast growth of the segment.

ATP Assays Market Report Coverage

“Amongst applications, the disease testing segment held the dominant share in 2022.”

Based on the application, the market is segmented into contamination testing, disease testing, drug discovery and development, and others. As per our analysis, the disease testing segment held the dominant share in 2022. The increasing prevalence of chronic diseases, along with the rising awareness about diagnostics are important factors for the dominating share of the segment in the market. For example, as per the World Health Organization, Cardiovascular disease is the leading cause of death worldwide, claiming an estimated 17.9 million lives each year.

“Asia Pacific is expected to grow with the highest CAGR ATP Assays market during the forecast period.”

Asia Pacific is expected to grow with the highest CAGR ATP Assays market during the forecast period. The rapidly rising population, along with the increasing prevalence of chronic diseases in the region is attributed to the market growth of ATP Assays in Asia-Pacific. For instance, 46.6% of Australians of all ages had one or more chronic conditions, and nearly one in five had two or more conditions.

Reasons to buy this report:

• The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
• The report presents a quick review of overall industry performance at one glance.
• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolios, expansion strategies, and recent developments.
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
• The study comprehensively covers the market across different segments.
• Deep dive regional level analysis of the industry.

Customization Options:

The global ATP Assays market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.

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Research Methodology

Research Methodology for the ATP Assays Market Analysis (2023-2030)

Analyzing the historical market, estimating the current market, and forecasting the future market of the global ATP assays market were the three major steps undertaken to create and analyze the adoption of ATP assays in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global ATP assays market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:

Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detail secondary study was conducted to obtain the historical market size of the ATP assays market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the ATP Assays market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as product and application. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the ATP assays market. Further, we conducted factor analysis using dependent and independent variables such as product and application of the ATP assays market. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the ATP assays market sector across the globe.

Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global ATP Assays market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2030 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:

• The industry’s market size, in terms of revenue (USD) and the adoption rate of the ATP assays market across the major markets domestically
• All percentage shares, splits, and breakdowns of market segments and sub-segments
• Key players in the global ATP Assays market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Regions

Market Engineering

The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global ATP assays market. data was split into several segments & sub-segments post studying various parameters and trends in the areas of the product and application in the global ATP assays market.

The main objective of the Global ATP Assays Market Study

The current & future market trends of the global ATP assays market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:

• Analyze the current and forecast market size of the ATP Assays market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
• Segments in the study include areas of product type, age group, and distribution channel.
• Define and analysis of the regulatory framework for the ATP assays industry
• Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry
• Analyze the current and forecast market size of the ATP assays market for the major region
• Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World
• Company profiles of the ATP assays market and the growth strategies adopted by the market players to sustain in the fast-growing market
• Deep dive regional level analysis of the industry

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