Dublin, Oct. 21, 2022 (GLOBE NEWSWIRE) -- The "Efficacy Testing Market Share, Size, Trends, Industry Analysis Report, By Service Type, By Application, By Region, Segment Forecast, 2022 - 2030" report has been added to ResearchAndMarkets.com's offering.
The global Efficacy Testing market size is expected to reach USD 511.64 million by 2030 according to a new study. The report gives a detailed insight into current market dynamics and provides analysis on future market growth.
A collection of methods used in product research and development called efficacy testing are carried out to verify the claims made on your packaging or in your marketing and to test the product's intended use. During the forecast period, industry growth is driven by rapid technological advancements. New techniques have been developed as a result of the focus on lowering lead time, sample consumption, assessment costs, and constraints associated with certain technologies.
The growing use of technology provides a chance for medium- and small-scale labs to expand their product lines and compete with major industry players, as these advancements offer benefits including enhanced sensitivity, accurate results, durability, multi-contaminant, and non-targeted monitoring with short turnaround time.
For instance, in August 2021, Eurofins strengthened its global position in cosmetics and personal care products testing and clinical services and grew its position in dermatology drug testing in order to diversify its clinical examination footprint in dermatology, for medicinal products, and medical devices.
Major players such as Accugen Laboratories, Inc., Pacific Biolabs, Almac Group, ALS Limited, Bioscience Laboratories, Inc., Blutest Laboratories Limited, Consumer Product Testing Company (CPTC), Charles River Laboratories International, Inc., Eurofins Scientific, Helvic Laboratories (A Tentamus Company), Intertek Group PLC, Lucideon, Microchem Laboratory, MSL Solution Providers, Nelson Laboratories, LLC (A Sotera Health Company), Abbott Analytical, North American Science Associates, SGS SA, Toxikon, and Wuxi Apptec are key players operating in the global market.
Efficacy Testing Market Report Highlights
- Disinfectant segment accounted for the largest share in 2021 owing to the rising consumer awareness of personal hygiene
- Pharmaceutical manufacturing applications segment accounted for the largest share in 2021 due to the rising invertemnt in pharmaceutical sector
- North America accounted for the largest share in 2021, driven by the stringent drug development laws as well as rising government expenditure for life science research activities
- The global market is highly competitive owing to the existence of large industry players with global presence Eurofins Scientific, Intertek Group PLC, Accugen Laboratories, Inc., SGS SA, Pacific Biolabs
Key Topics Covered:
1. Introduction
2. Executive Summary
3. Research Methodology
4. Global Efficacy Testing Market Insights
4.1. Efficacy Testing Market - Industry Snapshot
4.2. Efficacy Testing Market Dynamics
4.2.1. Drivers and Opportunities
4.2.1.1. Increasing concerns over product stability
4.2.1.2. Growing focus on contamination control
4.2.2. Restraints and Challenges
4.2.2.1. Adverse effects of chemical disinfectants
4.3. Porter's Five Forces Analysis
4.3.1. Bargaining Power of Suppliers (Moderate)
4.3.2. Threats of New Entrants: (Low)
4.3.3. Bargaining Power of Buyers (Moderate)
4.3.4. Threat of Substitute (Moderate)
4.3.5. Rivalry among existing firms (High)
4.4. PESTLE Analysis
4.5. Efficacy Testing Industry trends
4.6. Value Chain Analysis
4.7. COVID-19 Impact Analysis
5. Global Efficacy Testing Market, by Type
5.1. Key Findings
5.2. Introduction
5.2.1. Global Efficacy Testing, by Type, 2018 - 2030 (USD Million)
5.3. Antimicrobial/ Preservative
5.3.1. Global Efficacy Testing Market, by Antimicrobial/ Preservative, by Region, 2018 - 2030 (USD Million)
5.3.2. Traditional Test Methods
5.3.2.1. Global Efficacy Testing Market, by Traditional Test Methods, by Region, 2018 - 2030 (USD Million)
5.3.3. Rapid Test Methods
5.3.3.1. Global Efficacy Testing Market, by Rapid Test Methods, by Region, 2018 - 2030 (USD Million)
5.4. Disinfectant Efficacy Testing
5.4.1. Global Efficacy Testing Market, by Disinfectant Efficacy Testing, by Region, 2018 - 2030 (USD Million)
5.4.2. Surface Test Methods
5.4.2.1. Global Efficacy Testing Market, by Surface Test Methods, by Region, 2018 - 2030 (USD Million)
5.4.3. Suspension Test Methods
5.4.3.1. Global Efficacy Testing Market, by Suspension Test Methods, by Region, 2018 - 2030 (USD Million)
6. Global Efficacy Testing Market, by Application
6.1. Key Findings
6.2. Introduction
6.2.1. Global Efficacy Testing Market, by Application, 2018 - 2030 (USD Million)
6.3. Pharmaceutical Manufacturing Applications
6.3.1. Global Efficacy Testing Market, by Pharmaceutical Manufacturing Applications, by Region, 2018 - 2030 (USD Million)
6.4. Cosmetics and Personal Care Product Applications
6.4.1. Global Efficacy Testing Market, by Cosmetics and Personal Care Product Applications, by Region, 2018 - 2030 (USD Million)
6.5. Consumer Product Applications
6.5.1. Global Efficacy Testing Market, by Consumer Product Applications, by Region, 2018 - 2030 (USD Million)
6.6. Medical Device Applications
6.6.1. Global Efficacy Testing Market, by Medical Device Applications, by Region, 2018 - 2030 (USD Million)
7. Global Efficacy Testing Market, by Geography
8. Competitive Landscape
8.1. Expansion and Acquisition Analysis
8.1.1. Expansion
8.1.2. Acquisitions
8.2. Partnerships/Collaborations/Agreements/Exhibitions
9. Company Profiles
9.1. Abbott Analytical
9.1.1. Company Overview
9.1.2. Financial Performance
9.1.3. Product Benchmarking
9.1.4. Recent Development
9.2. Accugen Laboratories, Inc.
9.2.1. Company Overview
9.2.2. Financial Performance
9.2.3. Product Benchmarking
9.2.4. Recent Development
9.3. Almac Group
9.3.1. Company Overview
9.3.2. Financial Performance
9.3.3. Product Benchmarking
9.3.4. Recent Development
9.4. ALS Limited
9.4.1. Company Overview
9.4.2. Financial Performance
9.4.3. Product Benchmarking
9.4.4. Recent Development
9.5. Bioscience Laboratories, Inc
9.5.1. Company Overview
9.5.2. Financial Performance
9.5.3. Product Benchmarking
9.5.4. Recent Development
9.6. ., Blutest Laboratories Limited
9.6.1. Company Overview
9.6.2. Financial Performance
9.6.3. Product Benchmarking
9.6.4. Recent Development
9.7. Charles River Laboratories International, Inc
9.7.1. Company Overview
9.7.2. Financial Performance
9.7.3. Product Benchmarking
9.7.4. Recent Development
9.8. Consumer Product Testing Company (CPTC)
9.8.1. Company Overview
9.8.2. Financial Performance
9.8.3. Product Benchmarking
9.8.4. Recent Development
9.9. Eurofins Scientific
9.9.1. Company Overview
9.9.2. Financial Performance
9.9.3. Product Benchmarking
9.9.4. Recent Development
9.10. Helvic Laboratories (A Tentamus Company)
9.10.1. Company Overview
9.10.2. Financial Performance
9.10.3. Product Benchmarking
9.10.4. Recent Development
9.11. Intertek Group PLC
9.11.1. Company Overview
9.11.2. Financial Performance
9.11.3. Product Benchmarking
9.11.4. Recent Development
9.12. Lucideon
9.12.1. Company Overview
9.12.2. Financial Performance
9.12.3. Product Benchmarking
9.12.4. Recent Development
9.13. Microchem Laboratory
9.13.1. Company Overview
9.13.2. Financial Performance
9.13.3. Product Benchmarking
9.13.4. Recent Development
9.14. MSL Solution Providers
9.14.1. Company Overview
9.14.2. Financial Performance
9.14.3. Product Benchmarking
9.14.4. Recent Development
9.15. Nelson Laboratories, LLC (A Sotera Health Company)
9.15.1. Company Overview
9.15.2. Financial Performance
9.15.3. Product Benchmarking
9.15.4. Recent Development
9.16. North American Science Associates
9.16.1. Company Overview
9.16.2. Financial Performance
9.16.3. Product Benchmarking
9.16.4. Recent Development
9.17. Pacific Biolabs
9.17.1. Company Overview
9.17.2. Financial Performance
9.17.3. Product Benchmarking
9.17.4. Recent Development
9.18. SGS SA
9.18.1. Company Overview
9.18.2. Financial Performance
9.18.3. Product Benchmarking
9.18.4. Recent Development
9.19. Toxikon
9.19.1. Company Overview
9.19.2. Financial Performance
9.19.3. Product Benchmarking
9.19.4. Recent Development
9.20. Wuxi Apptec
9.20.1. Company Overview
9.20.2. Financial Performance
9.20.3. Product Benchmarking
9.20.4. Recent Development
For more information about this report visit https://www.researchandmarkets.com/r/a6yj3u
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