The key players in the efficacy testing market include Eurofins Scientific (Luxembourg), Charles River Laboratories International(US), Becton, Dickinson and Company (US), SGS (Switzerland), Merck KGaA (Germany), bio Mérieux (France), Pacific Biolabs (US), WuXi AppTec (China), North American Science Associates (US), and American Type Culture Collection (US).
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The efficacy testing market is expected to reach USD 501.6 million by 2022 from USD 330.5 million in 2017, efficacy testing market to hit at a CAGR of 8.7% by 2022
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“Asia is estimated to register the highest CAGR during the study period”
Geographically, the efficacy testing market is dominated by North America, followed by Europe in 2017, however, Asia is estimated to grow at the fastest rate during the forecast period. Growth in this region can be attributed to increasing growth of pharmaceutical industries and increasing demand for the outsourcing of quality control safety testing in Asian countries.
1 Market Dynamics
3 Increasing Support for Pharma and Biotech Sectors, Growing R&D
4 Rising Outsourcing of Efficacy Testing
6 Emerging Markets –Growth Hotspot for Companies
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The major factors driving the growth of this market include the growing pharmaceutical and biotechnology industry driven by government support and the positive trend in the R&D investment in the life science sector. On the other hand, emerging markets and increasing pharmaceutical outsourcing are expected to offer growth opportunities for players in the efficacy testing market.
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Key Target Audience:
- Pharmaceutical product manufacturers
- Medical device manufacturers
- Cosmetic and personal care product manufacturers
- Research institutes and contract research organizations
- Associations related to pharmaceutical and biotechnological research
- Efficacy testing products dealers and suppliers
The overall Efficacy Testing market was dominated by Prominent players in the market include Eurofins Scientific (Luxembourg), Charles River Laboratories International(US), Becton, Dickinson and Company (US), SGS (Switzerland), Merck KGaA (Germany), bio Mérieux (France), Pacific Biolabs (US), WuXi AppTec (China), North American Science Associates (US), and American Type Culture Collection (US).
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Key Point from Table of Content
6 Efficacy Testing Market, By Product & Service
7 Efficacy Testing Market, By Type
7.2 Antimicrobial/Preservative Efficacy Testing
7.3 Disinfectant Efficacy Testing
8 Efficacy Testing Market, By Application
8.2 Pharmaceutical Manufacturing
8.3 Cosmetics and Personal Care Products
8.4 Medical Devices
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