Adenosine Triphosphate (ATP) Swab Test Market: Increasing Emphasis on Food Safety Drives Market Growth
The adenosine triphosphate (ATP) swab test market was valued at US$ 198.21 million in 2019 and is projected to reach US$ 369.71 million by 2027; it is expected to grow at a CAGR of 8.2%from 2020 to 2027.
The ATP test is the fast calculation by identification of adenosine triphosphate or ATP of aggressively developing microorganisms. ATP is a molecule in and near living cells, which specifically tests the biological production and wellbeing of the organisms. ATP is determined with the natural fire enzyme luciferase by using a luminometer to calculate the light emitted by its reaction.The growth of the Adenosine Triphosphate (ATP) swab test market is attributed to some key driving factors such as rising prevalence of healthcare associated infections (HAI) and increasing emphasis on food safety. However, limitations of ATP swab tests is a major factor hindering the market growth.
The implementation of safety measures to prevent the spread of COVID-19 is driving the adoption of adenosine triphosphate (ATP) swabs. Moreover, the major shift in focus toward microbial safety amid the pandemic is offering lucrative opportunities for the growth of the market players.
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Key Findings from The Adenosine Triphosphate (ATP) Swab Test Market
- On the basis of type, the adenosine triphosphate (ATP) swab test market is segmented into free ATP test and microbial ATP test. The free ATP test segment held a larger share of the market in 2019; however, the microbial ATP test segment is expected to register the highest CAGR during the forecast period.
- The rising focus on food safety and microbial sterilization in the food & beverages industries in different countries offers lucrative opportunities for the companies offering microbial ATP test products.
- The adenosine triphosphate (ATP) swab test market, by application, 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 held the largest share of the market in 2019, and it is estimated to register the highest CAGR during the forecast period.
- Hygiena, Llc; 3M; Charm Sciences, Inc.; Kikkoman Biochemifa; Neogen; Ecolab; Ruhof Healthcare Corporation; Luminultra Technologies Ltd.; and Merck KGaA are key companies operating in the adenosine triphosphate (ATP) swab test market. The market leaders are continuously looking forward to expanding and diversifying their market presence and reaching out to new customers, thus tapping prevailing business opportunities.
Increasing Emphasis on Food Safety Drives ATP Swab Test Market Growth
The utilization of adenosine triphosphate is a major indicator of cleanliness and sterilization in food & beverages. The rising incidence of foodborne diseases is driving the ATP swab test market. According to the World Health Organization (WHO) estimates published in 2020, the consumption of contaminated food leads to 600 million new cases and 420,000 million deaths every year. Moreover, 1 in 10 people fall ill owing to consumption of unsafe food. According to data published by Center for Science and Environment in July 2020, foodborne diarrhea and contaminated water cause death of ~700,000 people in Southeast Asia each year. Further, as per data provided by Union Health Ministry of India, out of 1,649 disease outbreaks in India during 2017, ~242 outbreaks were related to the contaminated food and water. Such substantial prevalence of foodborne diseases and conditions is boosting the need for food safety, which drives the ATP swab test market.
Considerable number of government authorities are strictly focusing on the implementation of food safety standards to prevent food contamination and foodborne diseases. Moreover, international health organizations are collaborating with governments to improve food safety and security. For instance, in February 2019, the Food and Agriculture Organization of the United Nations, the WHO, African Union, and the World Trade Organization organized international food safety conference to consolidate global cooperation on food safety. In addition, the conference also addressed issues related to foodborne diseases and modern technologies to prevent food contamination. In 2011, the US government passed Food Safety Modernization Act based on the scientific standards of food safety. Such strategic initiatives are also anticipated to trigger the adoption of ATP swabs in the coming years.
According to a study published by the Centers for Disease Control and Prevention (CDC) in 2019, 1 in 31 hospital patients is estimated to suffer from some kind of HAI. In addition, according to estimates by the European Centre for Disease Prevention and Control in 2019, ~4.1 million patients in Europe suffer from HAIs every year. Furthermore, according to a study published in the journal of Antimicrobial Resistance & Infection Control in 2019, the incidence rate of HAIs in China was 3.62 per 1,000 patient days. The respiratory tract infections accounted for 43.80% of these HAI cases, while bloodstream and urinary tract infections accounted for 15.74% and 12.69%, respectively.
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