ATP Assay Market – Emerging Trends & Global Future Forecasts
Summary
- Technology Enhancements in ATP Assay Probes.
- Growth Prospects in Emerging Markets.
The study involved four major activities in estimating the current size of the ATP Assays Market. Exhaustive secondary research was conducted to collect information on the market as well as its peer and parent markets.
The next step is to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both the top-down and bottom-up approaches were employed to estimate the complete market size. After that, market breakdown and data triangulation were used to estimate the sizes of segments and subsegments.
Key Questions Addressed in the Report:
# Which are the top 10 players operating in the ATP assays market?
# What are the drivers, restraints, opportunities, and challenges of the market?
# What are the prevailing industry trends, and what is the current scenario in the market?
# What are the growth trends in the market at the segmental and overall levels?
# How is the market performing in different regions across the globe?
What the Market Looks Like?
The global ATP assays market size is projected to reach USD 315 million by 2024 from USD 191 million in 2019, at a CAGR of 10.5%.
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Geographical Growth Prospects:
Asia Pacific is expected to witness the highest growth in the ATP assays market from 2019 to 2024
The global ATP assays market is segmented into five major regions—North America, Europe, the Asia Pacific, Latin America, and the Middle East & Africa. During the forecast period, the Asia Pacific market is estimated to grow at the highest CAGR, as several countries are witnessing a growing number of proteomics, genomics, and stem cell research activities, increasing research funding, rising investments by pharmaceutical & biotechnology companies, and the growing trend of research infrastructure modernization.
What Drives the Market?
The growth of the global ATP Assays Industry is primarily influenced by the following factors:
# Growing Demand for ATP Assays in Pharmaceutical & Biotechnology Companies
# Rising Investments in Pharmaceutical & Biotechnology R&D
# Increasing Prevalence of Cancer
# Shift From Culture-Based Tests to Rapid Tests
# Rising Incidence and Prevalence of Chronic & Infectious Diseases
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