DUBLIN--(BUSINESS WIRE)--The "Efficacy Testing Market by Product and Service (Consumables, Services), Type (Antimicrobial Efficacy Testing, Disinfectant Efficacy Testing), Application (Pharmaceutical Manufacturing, Cosmetic & Personal Care Products) - Global Forecast to 2022" report has been added to ResearchAndMarkets.com's offering.
The Efficacy Testing Market is Expected to Reach USD 501.6 Million By 2022 from USD 330.5 Million in 2017, at a CAGR of 8.7%.
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 lifescience sector. On the other hand, emerging markets and increasing pharmaceutical outsourcing are expected to offer growth opportunities for players in the efficacy testing market.
The efficacy testing market by product and service is segmented into consumables, services, and instruments. The consumables segment is expected to register the highest CAGR during the forecast period. The regular and bulk purchases of consumables are the key factors driving the growth of this market.
By type, the efficacy testing market is segmented into antimicrobial efficacy testing and disinfectant efficacy testing. The antimicrobial efficacy testing segment is expected to grow at the fastest-growing segment of the global efficacy testing market during the forecast period. Factors such as the increasing applications of antimicrobial efficacy testing in the cosmetic, pharmaceutical, and medical device industries are driving the growth of this segment.
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.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Efficacy Testing Market, By Product & Service
7 Efficacy Testing Market, By Type
8 Efficacy Testing Market, By Application
9 Efficacy Testing Market, By Region
10 Competitive Landscape
11 Company Profiles
- American Type Culture Collection
- Becton Dickinson and Company
- Biomrieux Sa
- Charles River
- Eurofins Scientific
- Merck KGaA
- North American Science Associates
- Pacific Biolabs
- Toxikon Corporation
- Wuxi Apptec
For more information about this report visit https://www.researchandmarkets.com/research/5rfs4c/efficacy_testing?w=4