Adenosine Triphosphate (ATP) Swab Test Market Size | 2031
The Adenosine Triphosphate (ATP) Swab Test Market size was estimated to be US$ 229.33 million in 2021 and US$ XX million in 2023 and is expected to reach US$ 535.16 million by 2031; it is estimated to record a CAGR of 9.2% in till 2031. Development of Adenylate (A3) Concentration Based Modern Sterility Monitoring System is likely to remain key Adenosine Triphosphate (ATP) Swab Test Market trends.
Adenosine Triphosphate (ATP) Swab Test Market Analysis
Rising prevalence of Healthcare-Associated Infections (HAIs) is one of the prominent factors, which is driving the demand for Adenosine Triphosphate (ATP) Swab Test. For instance, the World Health Organization (WHO), launched the first-ever global report on Infection Prevention and Control in May 2022. The report states that out of every 100 patients admitted to acute-care hospitals, 7 patients in high-income countries and 15 patients in low- and middle-income countries are at risk of acquiring at least one HAIs during their hospital stay. On average, 1 in every ten affected patients will die from their HAIs. Such substantial prevalence of HAIs is anticipated to have a positive impact on the adoption of ATP swab test driving the growth of Adenosine Triphosphate (ATP) Swab Test market.
Adenosine Triphosphate (ATP) Swab Test Market Overview
The growth of the Adenosine Triphosphate (ATP) Swab Test market is attributed to some key driving factors such as rising prevalence of HAIs and increasing emphasis on food safety. However, limitations of ATP swab tests is a major factor hindering the market growth. Global Adenosine Triphosphate (ATP) swab test market is segmented by region into North America, Europe, Asia Pacific, Middle East & Africa and South & Central America. In North America, the US is the largest market for ATP swab tests. The growth of the region is attributed to presence of key market players and rising prevalence of HAIs. In addition, continuous product developments is further expected to stimulate the growth of Adenosine Triphosphate (ATP) swab test market in North America.
The Asia Pacific region is expected to account for the fastest growth in the Adenosine Triphosphate (ATP) swab test market. The rapid growth in the healthcare and food & beverage industry and increased investments and innovations in the hygiene monitoring system by major market players in Asia Pacific for their geographical expansion and other strategies is likely to fuel the growth of the market.
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Adenosine Triphosphate (ATP) Swab Test Market: Strategic Insights
Market Size Value in US$ 198.21 million in 2019 Market Size Value by US$ 369.71 Million by 2027 Growth rate CAGR of 8.2% from 2020 to 2027 Forecast Period 2020 - 2027 Base Year 2020
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Adenosine Triphosphate (ATP) Swab Test Market: Strategic Insights
| Market Size Value in | US$ 198.21 million in 2019 |
| Market Size Value by | US$ 369.71 Million by 2027 |
| Growth rate | CAGR of 8.2% from 2020 to 2027 |
| Forecast Period | 2020 - 2027 |
| Base Year | 2020 |
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Adenosine Triphosphate (ATP) Swab Test Market Drivers and Opportunities
Rising Incidence of Foodborne Diseases and Food Contamination to Favor Market
According to the WHO, unsafe food is responsible for causing 600 million cases of foodborne diseases and 420,000 deaths every year globally. Children under five years of age account for 30% of these deaths. Furthermore, WHO estimates that globally, 33 million years of healthy lives are lost annually due to consuming unsafe food, and this number is likely an underestimation. Consuming food contaminated with bacteria, viruses, parasites, or chemical substances like heavy metals can cause over 200 different diseases, contributing significantly to disease burden and mortality worldwide. ATP testing is especially crucial in food production environments. If food isn't cleaned up correctly, it can promote the growth of microbes. Food can also serve as a source of nutrients for bacteria, mould, and yeast, which can lead to their growth. Therefore, ATP testing can be used to provide an early warning system and to ensure that food environments are appropriately hygienic. Such substantial prevalence of foodborne diseases and conditions is boosting the need for food safety. This need is likely to drive the ATP swab test market during the forecast period
Growing initiatives on Patient Safety and Care – An Opportunity in Customisation of Adenosine Triphosphate (ATP) Swab Test Market
HAIs are one of the prominent causes for substantial mortality and illness amongst hospital patients. In addition, these conditions lead to additional financial and emotional burden on patients as well as healthcare systems across the globe. Therefore, the government and healthcare authorities are emphasizing on implementation of safety programs to prevent healthcare-associated infections. For instance, In 2019, the Seventy-second World Health Assembly passed a resolution (WHA72.6) on “Global action on patient safety”, mandating the development of a global patient safety action plan. The Global Patient Safety Action Plan for the decade 2021-2030 provides a comprehensive framework for stakeholders to join efforts and implement patient safety initiatives in a coordinated manner. Implementation of such policies are estimated to generate attractive growth opportunity for the Adenosine Triphosphate (ATP) swab test market.
Adenosine Triphosphate (ATP) Swab Test Market Report Segmentation Analysis
Key segments that contributed to the derivation of the Adenosine Triphosphate (ATP) Swab Test Market analysis are type, and application.
- Based on type, the Adenosine Triphosphate (ATP) Swab Test market is bifurcated into Free ATP Test and Microbial ATP Test. The Free ATP test segment held a larger market share in 2023.
- In terms of application, the market is segmented into pharmaceutical and biotechnology companies, food and beverage, hospitals and diagnostics laboratories, and academic and research institutions. The pharmaceutical and biotechnology companies segment dominated the market in 2023.
Adenosine Triphosphate (ATP) Swab Test Market Share Analysis by Geography
The geographic scope of the Adenosine Triphosphate (ATP) Swab Test Market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South America/South & Central America.
North America has dominated the Adenosine Triphosphate (ATP) Swab Test Market. The Centers for Disease Control (CDC) estimates that in American hospitals, HAIs account for an estimated 1.7 million infections and 99,000 associated deaths each year. The growth in North America is characterized by the growing burden of HAIs is expected to boost Adenosine Triphosphate (ATP) Swab Test Market demand. Similarly, increasing incidence of foodborne diseases and food contamination are equally influencing the market's growth. Asia Pacific is anticipated to grow with the highest CAGR in the coming years.
Adenosine Triphosphate (ATP) Swab Test Market Report Scope
Adenosine Triphosphate (ATP) Swab Test Market News and Recent Developments
The Adenosine Triphosphate (ATP) Swab Test Market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for Adenosine Triphosphate (ATP) Swab Test and strategies:
- Ecolab Food and Beverage North America teamed up with Hygiena, LLC - a prominent company in the field of rapid food safety and environmental diagnostic testing technology. As a result of this partnership, the food and beverage industry will now have access to a new Hygiene Monitoring Program that can significantly help optimize their Food Safety programs. (Source: Adenosine Triphosphate (ATP) Swab Test Hygiena LLC, Press Release, 2020)
Adenosine Triphosphate (ATP) Swab Test Market Report Coverage and Deliverables
The “Adenosine Triphosphate (ATP) Swab Test Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Market dynamics such as drivers, restraints, and key opportunities
- Key future trends
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type, Application, End User
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Australia, Canada, China, France, Germany, India, Italy, Japan, Mexico, South Korea, Spain, United Kingdom, United States
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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