Efficacy Testing Market size was valued at US$ 493.36 Mn in 2022 and the total revenue is expected to grow at 8.63% through 2023 to 2029, reaching nearly US$ 880.66 Mn.Efficacy Testing Market Overview:
The global efficacy testing market size was valued at USD 493.36 Mn. in 2022, and it is expected to reach around USD 880.66 Mn. in 2029. The compound annual growth rate (CAGR) of the efficacy testing market is 8.63 % from the forecasting period of 2023 to 2029. The efficacy test is used to determine the efficacy of the product through the analysis of toxicology test, stability test, and safety test. In other words, it is a set of procedures in the product development process to test the intended use of the product to verify all important statements that appear in the packaging or advertising. Pharmaceutical manufacturing, cosmetics, and personal care products, consumer products, and medical devices are some main applications for efficacy testing.To know about the Research Methodology :- Request Free Sample Report
Efficacy Testing Market Dynamics:
Increasing outsourcing efficacy testing is the main factor, which helps for growing the efficacy testing market. Outsourcing efficacy testing is helpful in efficacy testing to reduce the risk and increase the workforce for analyzing the equipment. The growth of the pharmaceutical companies is providing outsourcing testing services to manufacturers, which result in the availability of specialist efficacy testing service, which providers key capabilities to increase the result. For product Stability, the control of Biopharma and Cosmetics Industries is more due to the demand for Surface Disinfectants and Preservatives. Additionally, the factor which affects the efficacy testing market is the rising Focus on Contamination Control. Contamination control strategy requires a comprehensive identification, assessment, control, and monitoring process for contamination risks that include microbiological, particulate, chemical, and cross-product contamination. Efficacy testing is a time-consuming process, it required a minimum of 28 days to 12 weeks for getting the result of the testing this factor hampers the efficacy testing market growth. Preservative and disinfectant efficacy testing is a procedure involving considerable cost, time, and scientific expertise in order to increase the quality, efficacy, and safety of a drug formulation.Efficacy Testing Market Segment Analysis:
The global efficacy testing market is segmented into service type and application.
On the basis of service type, the global efficacy testing market is sub-segmented into antimicrobial/preservative efficacy testing, and disinfectant efficacy testing. According to the MMR report, the disinfectant efficacy testing held a large share of xx% in 2022, owing to increasing awareness of environmental & personal hygiene, increasing production and use of surface disinfectants, controlling microbial growth to protect patients, technological advancements, and rising R&D investments by key players to launch new technology in the market. Due to all these factors, the demand for disinfectant efficacy testing is increasing. On the basis of an application, the global efficacy testing market is sub-segmented into Pharmaceutical Application, Cosmetics Product Application, Consumer Product Application, and Medical Device Applications. Pharmaceutical Application held the largest share of xx% in the year 2022, owing to increasing R&D manufactures by leading pharmaceutical companies, government support, growth of the pharmaceutical industry, and a growing focus on patient safety.Efficacy Testing Market Regional Insights:
North America held largest share of xx% efficacy testing market in 2022. Factors attributing to growth of the region are the well-established pharmaceutical industry in the region, high R&D expenditures, the strong presence of major service providers, and the increased outsourcing of analytical testing (including efficacy testing) by pharmaceutical and cosmetic companies in the North America. Demand for efficacy testing in the US is increasing because of stringent regulations for drug development, and increasing government funding for start-up business in the area of life sciences. The Asia-Pacific market is expected to grow at the highest CAGR of xx% during the forecast period. This is mainly due to the rapid growth of the pharmaceutical industry in the region, favorable government policies, and an increasing number of pharmaceutical companies establishing production facilities in Asia-Pacific countries. Additionally, increasing lifestyle, rising incidences of chronic diseases, and people's awareness about the efficacy testing are factors driving the market's growth. The objective of the report is to present a comprehensive analysis of the global Efficacy Testing market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the global Efficacy Testing market dynamics, structure by analyzing the market segments and project the global Efficacy Testing market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Efficacy Testing market make the report investor’s guide.Efficacy Testing Market Scope: Inquire before buying
Global Efficacy Testing Market Report Coverage Details Base Year: 2022 Forecast Period: 2023-2029 Historical Data: 2017 to 2022 Market Size in 2022: US $ 493.36 Mn. Forecast Period 2023 to 2029 CAGR: 8.63% Market Size in 2029: US $ 880.66 Mn. Segments Covered: by Service type • Antimicrobial/Preservative Efficacy Testing • Disinfectant Efficacy Testing by Application • Pharmaceutical Application • Cosmetics Product Application • Consumer Product Application • Medical Device Applications Efficacy Testing Market, by Region
• North America (United States, Canada and Mexico) • Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) • Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) • Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) • South America (Brazil, Argentina Rest of South America)Efficacy Testing Market Key Players
• 3M Group • Abbott Analytical • Accugen Laboratories, Inc. • Almac Group • ALS Limited • Betco • Bioscience Laboratories, Inc. • Blutest Laboratories Limited • Cantel Medical Corporation • Charles River Laboratories International, Inc. • Consumer Product Testing Company (CPTC) • Diversey, Inc. • Ecolab Inc. • Eurofins Scientific • Helvic Laboratories (A Tentamus Company) • Intertek Group plc • Lucideon • Medline Industries, Inc. • Microchem Laboratory • MSL Solution Providers • Nelson Laboratories, LLC (A Sotera Health Company) • North American Science Associates • Pacific Biolabs • Procter & Gamble • Reckitt Benckiser Group plc • SGS SA • Steris plc • The Clorox Company • Toxikon • Wuxi ApptecFrequently Asked Questions:
1. Which region has largest share in efficacy testing Market? Ans: North America holds highest share in 2022. 2. What is the growth rate of efficacy testing Market? Ans: The efficacy testing Market is growing at a CAGR of 8.63 % during forecasting period 2023-2029. 3. What segments are covered in efficacy testing Market? Ans: Global efficacy testing market is segmented based on Service type, Application and Region. 4. Who are the key players in efficacy testing Market? Ans: The important key players in the efficacy testing market are 3M Group, Abbott Analytical, Accugen Laboratories, Inc., Almac Group, ALS Limited, Betco, Bioscience Laboratories, Inc., Blutest Laboratories Limited, Cantel Medical Corporation, Charles River Laboratories International, Inc., Consumer Product Testing Company (CPTC), Diversey, Inc., Ecolab Inc., Eurofins Scientific, Helvic Laboratories (A Tentamus Company),Intertek Group plc, Lucideon, Reckitt Benckiser Group plc, SGS SA, Steris plc, The Clorox Company, Toxikon, Wuxi Apptec. 5. What is the study period of this market? Ans: The efficacy testing market is studied from 2022 - 2029.
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Efficacy Testing Market Size, by Market Value (US$ Mn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2022 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Efficacy Testing Market 3.4. Geographical Snapshot of the Efficacy Testing Market, By Manufacturer share 4. Global Efficacy Testing Market Overview, 2022-2029 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Products 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Global Efficacy Testing Market 5. Supply Side and Demand Side Indicators 6. Global Efficacy Testing Market Analysis and Forecast, 2022-2029 6.1. Global Efficacy Testing Market Size & Y-o-Y Growth Analysis. 7. Global Efficacy Testing Market Analysis and Forecasts, 2022-2029 7.1. Market Size (Value) Estimates & Forecast By Service type, 2022-2029 7.1.1. Antimicrobial/Preservative Efficacy Testing 7.1.2. Disinfectant Efficacy Testing 7.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 7.2.1. Pharmaceutical Application 7.2.2. Cosmetics Product Application 7.2.3. Consumer Product Application 7.2.4. Medical Device Applications 8. Global Efficacy Testing Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2022-2029 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Efficacy Testing Market Analysis and Forecasts, 2022-2029 9.1. Market Size (Value) Estimates & Forecast By Service type, 2022-2029 9.1.1. Antimicrobial/Preservative Efficacy Testing 9.1.2. Disinfectant Efficacy Testing 9.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 9.2.1. Pharmaceutical Application 9.2.2. Cosmetics Product Application 9.2.3. Consumer Product Application 9.2.4. Medical Device Applications 10. North America Efficacy Testing Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Efficacy Testing Market Analysis and Forecasts, 2022-2029 11.1. Market Size (Value) Estimates & Forecast By Service type, 2022-2029 11.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 12. Canada Efficacy Testing Market Analysis and Forecasts, 2022-2029 12.1. Market Size (Value) Estimates & Forecast By Service type, 2022-2029 12.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 13. Mexico Efficacy Testing Market Analysis and Forecasts, 2022-2029 13.1. Market Size (Value) Estimates & Forecast By Service type, 2022-2029 13.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 14. Europe Efficacy Testing Market Analysis and Forecasts, 2022-2029 14.1. Market Size (Value) Estimates & Forecast By Service type, 2022-2029 14.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 15. Europe Efficacy Testing Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Efficacy Testing Market Analysis and Forecasts, 2022-2029 16.1. Market Size (Value) Estimates & Forecast By Service type, 2022-2029 16.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 17. France Efficacy Testing Market Analysis and Forecasts, 2022-2029 17.1. Market Size (Value) Estimates & Forecast By Service type, 2022-2029 17.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 18. Germany Efficacy Testing Market Analysis and Forecasts, 2022-2029 18.1. Market Size (Value) Estimates & Forecast By Service type, 2022-2029 18.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 19. Italy Efficacy Testing Market Analysis and Forecasts, 2022-2029 19.1. Market Size (Value) Estimates & Forecast By Service type, 2022-2029 19.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 20. Spain Efficacy Testing Market Analysis and Forecasts, 2022-2029 20.1. Market Size (Value) Estimates & Forecast By Service type, 2022-2029 20.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 21. Sweden Efficacy Testing Market Analysis and Forecasts, 2022-2029 21.1. Market Size (Value) Estimates & Forecast By Service type, 2022-2029 21.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 22. CIS Countries Efficacy Testing Market Analysis and Forecasts, 2022-2029 22.1. Market Size (Value) Estimates & Forecast By Service type, 2022-2029 22.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 23. Rest of Europe Efficacy Testing Market Analysis and Forecasts, 2022-2029 23.1. Market Size (Value) Estimates & Forecast By Service type, 2022-2029 23.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 24. Asia Pacific Efficacy Testing Market Analysis and Forecasts, 2022-2029 24.1. Market Size (Value) Estimates & Forecast By Service type, 2022-2029 24.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 25. Asia Pacific Efficacy Testing Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Efficacy Testing Market Analysis and Forecasts, 2022-2029 26.1. Market Size (Value) Estimates & Forecast By Service type, 2022-2029 26.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 27. India Efficacy Testing Market Analysis and Forecasts, 2022-2029 27.1. Market Size (Value) Estimates & Forecast By Service type, 2022-2029 27.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 28. Japan Efficacy Testing Market Analysis and Forecasts, 2022-2029 28.1. Market Size (Value) Estimates & Forecast By Service type, 2022-2029 28.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 29. South Korea Efficacy Testing Market Analysis and Forecasts, 2022-2029 29.1. Market Size (Value) Estimates & Forecast By Service type, 2022-2029 29.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 30. Australia Efficacy Testing Market Analysis and Forecasts, 2022-2029 30.1. Market Size (Value) Estimates & Forecast By Service type, 2022-2029 30.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 31. ASEAN Efficacy Testing Market Analysis and Forecasts, 2022-2029 31.1. Market Size (Value) Estimates & Forecast By Service type, 2022-2029 31.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 32. Rest of Asia Pacific Efficacy Testing Market Analysis and Forecasts, 2022-2029 32.1. Market Size (Value) Estimates & Forecast By Service type, 2022-2029 32.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 33. Middle East Africa Efficacy Testing Market Analysis and Forecasts, 2022-2029 33.1. Market Size (Value) Estimates & Forecast By Service type, 2022-2029 33.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 34. Middle East Africa Efficacy Testing Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Efficacy Testing Market Analysis and Forecasts, 2022-2029 35.1. Market Size (Value) Estimates & Forecast By Service type, 2022-2029 35.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 36. GCC Countries Efficacy Testing Market Analysis and Forecasts, 2022-2029 36.1. Market Size (Value) Estimates & Forecast By Service type, 2022-2029 36.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 37. Egypt Efficacy Testing Market Analysis and Forecasts, 2022-2029 37.1. Market Size (Value) Estimates & Forecast By Service type, 2022-2029 37.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 38. Nigeria Efficacy Testing Market Analysis and Forecasts, 2022-2029 38.1. Market Size (Value) Estimates & Forecast By Service type, 2022-2029 38.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 39. Rest of ME&A Efficacy Testing Market Analysis and Forecasts, 2022-2029 39.1. Market Size (Value) Estimates & Forecast By Service type, 2022-2029 39.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 40. South America Efficacy Testing Market Analysis and Forecasts, 2022-2029 40.1. Market Size (Value) Estimates & Forecast By Service type, 2022-2029 40.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 41. South America Efficacy Testing Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Efficacy Testing Market Analysis and Forecasts, 2022-2029 42.1. Market Size (Value) Estimates & Forecast By Service type, 2022-2029 42.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 43. Argentina Efficacy Testing Market Analysis and Forecasts, 2022-2029 43.1. Market Size (Value) Estimates & Forecast By Service type, 2022-2029 43.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 44. Rest of South America Efficacy Testing Market Analysis and Forecasts, 2022-2029 44.1. Market Size (Value) Estimates & Forecast By Service type, 2022-2029 44.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global Efficacy Testing Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, Applications and R&D Investment 45.2.2. New Product Launches and Product Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Verticals 45.2.3.2. M&A, Forward Integration and Backward Integration 45.2.3.3. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements 45.3. Company Profile : Key Players 45.3.1. 3M Group 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Product Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.3.2. Abbott Analytical 45.3.3. Accugen Laboratories, Inc. 45.3.4. Almac Group 45.3.5. ALS Limited 45.3.6. Betco 45.3.7. Bioscience Laboratories, Inc. 45.3.8. Blutest Laboratories Limited 45.3.9. Cantel Medical Corporation 45.3.10. Charles River Laboratories International, Inc. 45.3.11. Consumer Product Testing Company (CPTC) 45.3.12. Diversey, Inc. 45.3.13. Ecolab Inc. 45.3.14. Eurofins Scientific 45.3.15. Helvic Laboratories (A Tentamus Company) 45.3.16. Intertek Group plc 45.3.17. Lucideon 45.3.18. Medline Industries, Inc. 45.3.19. Microchem Laboratory 45.3.20. MSL Solution Providers 45.3.21. Nelson Laboratories, LLC (A Sotera Health Company) 45.3.22. North American Science Associates 45.3.23. Pacific Biolabs 45.3.24. Procter & Gamble 45.3.25. Reckitt Benckiser Group plc 45.3.26. SGS SA 45.3.27. Steris plc 45.3.28. The Clorox Company 45.3.29. Toxikon 45.3.30. Wuxi Apptec 46. Primary Key Insights