Global Growth Driving Factors:

The increasing incidence of chronic & infectious diseases, increasing drug discovery & development studies, favorable regulatory guidelines, the growing focus of global market players on emerging Asian economies, increasing research funding, increasing investments by pharmaceutical and biotechnology companies, and research infrastructure modernization are some of the key factors driving the global growth of ATP Assays Market.

Market Size Estimation:

The market size estimates and forecasts provided in this study are derived through a mix of the bottom-up approach (revenue share analysis) primary interviews, and top-down approach (assessment of Individual shares of each ATP assay product, application, and end-user segment).

Projected Surge in Revenue:

The global ATP assays market is projected to reach USD 412 million by 2027 from USD 276 million in 2022, at a CAGR of 8.4%.

Data Triangulation

After arriving at the market size, the total market was divided into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics for all segments & subsegments, data triangulation, and market breakdown procedures were employed, wherever applicable.

Download PDF Brochure@
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=223438780

Challenge: Survival of small players and new entrants

The survival of small players and new entrants in the ATP assays market is a significant challenge. Established players have a robust product portfolio and strong brand recognition. As a result, it is difficult for small players and new entrants to compete with established players. Also, it is difficult for small players to sustain their operations and compete with established players that have large R&D budgets.

Opportunity: Technological enhancements in ATP assay probes

Characterizing and understanding ATP dynamics provides valuable mechanistic insights into processes that range from neurotransmission to the chemotaxis of immune cells. Therefore, there is a need for a methodology to interrogate both the temporal and spatial components of ATP dynamics from the subcellular to organismal levels in live specimens. In the last several decades, a number of molecular probes that are specific for ATP have been developed. These probes have been combined with imaging approaches, particularly optical microscopy, to enable the qualitative and quantitative detection of this critical molecule.

Recent Developments:

# In 2021, Abcam has doubled the footprint of its immunoassay kit R&D and manufacturing facility in Eugene, Oregon. This enhanced capacity is another component of Abcam’s growth journey in the US and will further enable its commitment to support the research and biopharma sector globally.

# In 2020, Merck broadened its manufacturing footprint with a combined investment of USD 44.2 million (EUR 40 million) at its production facilities in Danvers, Massachusetts, and Jaffrey, New Hampshire. These sites supply critical products to customers developing lifesaving therapies, including COVID-19 vaccines, as well as provide products and services for biopharmaceutical manufacturing.

# In 2019, Merck opened its M Lab Collaboration Center in France, which provides biopharmaceutical manufacturers an environment where they can collaborate with Merck’s personnel and have access to Merck’s Life Science product portfolio. This helped in product branding and in expanding Merck’s presence in Europe.

Request Sample Pages@
https://www.marketsandmarkets.com/requestsampleNew.asp?id=223438780

North America accounted for the largest share of the ATP Assays market in 2021

In 2021, North America accounted for the largest share the ATP assays market, followed by Europe, Asia Pacific, Latin America, and the Middle East & Africa. The large share of North America can be attributed to the large pharmaceutical & biotechnology industry in the region, rising demand for cell-based assays in research, growing food safety concerns, and an increase in government funding for life science research.