Efficacy Testing Market Size, Share, Forecast Report, 2020-2027
The global Efficacy Testing market garnered revenue around USD 268 million in 2020 and projected to reach USD 360 million by 2027, with at a compound annual growth rate (CAGR) of 5.2% throughout the estimate period from 2020 to 2027. The growth of this market is mainly driven by the increasing use of surface disinfectants and preservatives in pharma, biopharma, and cosmetics industries for contamination control and product stability; growing preference for outsourcing efficacy testing; and the rising adoption of the QbD approach.
This research report encompasses precise assessment of the market with the help of comprehensive qualitative insights and supportable prognoses regarding market size, consumption and production. The projections presented in the report have been derived using proven research methodologies and assumptions. It does so by means of comprehensive qualitative insights, historical statistics, and verifiable predictions about market revenue and sales.
The rapidly budding threat owed to the eruption of COVID-19 is impacting lives, communities, businesses, and industries across the globe. With businesses shuttered, flights grounded, COVID-19 is about to affect the global economy in different ways such as by directly upsetting production and demand, by generating supply chain disruption, and by its financial impact on firms and financial markets. Therefore, this report covers COVID-19 outbreak impact analysis on the Efficacy Testing market under the research study. The market estimates offered in the report are the outcome of in-depth extensive secondary research, primary interviews and in-house professional assessments. These market evaluations have been measured by reviewing the impact of numerous social, political and economic factors coupled with recent market dynamics affecting the Efficacy Testing market growth.
The global Efficacy Testing market is characterized by the presence of numerous small as well as medium scale companies. These players are largely focused towards forward integration via raw material production, product manufacturing, and distribution across various industry verticals. The report recognizes numerous crucial manufacturers of the market. This research study aids to comprehend the strategies and associations that companies are converging to survive in this competitive marketplace. This report assists in understanding footprints of the manufacturers with the help of their global revenue, production, capacity and average selling price analysis for period 2016-2027.
Major manufacturers analysed under this study comprises:
The major market players include as Eurofins Scientific (Luxembourg), Charles River Laboratories (US), WuXi AppTech (China), SGS (Switzerland), Intertek Group (UK), Almac Group (UK), and Pacific Biolabs (US).
This report delivers market breakdown and its revenue, consumption, production analysis and projections by categorizing it depending on parameters such as type, application/end-user, and region. This research report delivers the analysis and prognosis of revenue, production, price, market share and growth trend for different products such as:
By Service Type
- Antimicrobial/Preservative Efficacy Testing
- Traditional Test Method
- Rapid Test Method
- Disinfectant Efficacy Testing
- Surface Test Method
- Suspension Test Method
- Pharmaceutical Manufacturing Applications
- Cosmetics and Personal Care Product Applications
- Consumer Product Applications
- Medical Device Applications
Regional Analysis and Forecast
Further, this research study analyses market size, production, consumption and its advancement trends at global, regional, and country level for period 2016 to 2027 and covers following region in its scope:
- United States
- United Kingdom
- Rest of EU
- Southeast Asia
- Rest of APAC
Central & South America
- Rest of Central & South America
Middle East and Africa
- Saudi Arabia
- Rest of MEA