According to the research report titled ‘Global ATP Assays Market Size study, by Product ( Consumables & Accessories, Reagent, Microplates, Other Consumables & Accessories, Instruments, Luminometers, Spectrophotometers), by Application ( Contamination Testing, Disease Testing, Drug Discovery and Development), by End-User ( Pharmaceutical & Biotechnology companies, Food and Beverage Industry, Hospitals and Diagnostic Laboratories, Academic and Research Institutions)and Regional Forecasts 2022-2028’, available with MarketStudyReport, global ATP assays market was worth USD 255 million in 2021 and is slated to grow at 8% CAGR during the forecast period, amassing a valuation of USD 437 million by the end of 2028.

The development of global ATP assays industry is backed by parameters such as growing prevalence of chronic diseases, rising demand for cell-based assays in research, and the influx of investments in cancer as well as stem cell study.

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Besides, ATP tests are leveraged in food manufacturing facilities to determine the cleanliness of food-contact surfaces given the surging food safety concerns, which is further propelling the growth of the business sphere.

Additionally, the use of advanced technologies in microbial detection, coupled with improvements in other technological aspects are likely to impel the industry share in the forthcoming years.

However, the high costs of ATP assay devices is anticipated to act as a major barrier to the growth of market during the analysis period.

To furnish a concise depiction of industry’s potential, the report categorizes the worldwide ATP assays marketplace based on application, type, and end-users, while divulging revenue share forecast for the same through the forecast timeline. 

Speaking of geographical terrain, North America is poised to retain a substantial market share during the assessment period, owing to the surging demand for cell-based assays in research, rising concerns about food safety, and massively growing biotechnology & pharmaceutical sectors in the region. 

Meanwhile, Asia Pacific industry is estimated to record a significant CAGR during the projected timeframe, attributed to the increase in genomics, proteomics, & stem cell research activities in developing counties of the region. 

The prominent players in global ATP assays market are Thermo Fisher Scientific, Inc., Danaher Corporation, Promega Corporation, The 3M Company, Merck KGaA, Neogen Corporation, PerkinElmer, Inc., Lonza Group Ltd., Agilent Technologies, Inc., and Abcam plc among others.