Antimicrobial preservatives are substances which are added to products to save them from numerous from microorganisms that are introduced during or after the manufacturing process. Efficacy testing (antimicrobial/preservative efficacy testing) is commonly conducted on the cosmetic product to check if there is any contamination. The global efficacy testing market is expected to reach $625.8 Million by 2024 from $330.5 Million in 2017, at a CAGR of 8.9%. The rise in support for the pharma and biotech sectors and Increasing outsourcing efficacy testing are the drivers that boost the growth of the market. The disinfectant efficacy testing segment is expected to have the largest share of the market during the next five years. The applications of antimicrobial efficacy testing in the cosmetic, pharmaceutical and medical device industries are driving the growth of this market. Emerging markets is the major opportunity for the market.
Research Study Objectives:
- Define, estimate, and forecast the Efficacy Testing market statistics by type, products and services, application, and regions concerning the individual growth drivers, market trends and their contribution toward the Efficacy Testing market growth
- Provides comprehensive information regarding the key factors influencing the market growth (Drivers, Restraints & Challenges, and Opportunities)
- Estimate & forecast the market size of all the segments concerning geographies including North America, Europe, Asia Pacific (APAC), South America and the Middle East and Africa (MEA).
- Recent competitive developments including M&A (Mergers and Acquisitions), Partnerships, and Product Innovations are provided in the Efficacy Testing Market Analysis
- Analysis and conclusions on the future Efficacy Testing market outlook.
Top-down and bottom-up approaches are used to validate the Efficacy Testing Market Size and are used to estimate the size of other dependent submarkets. Key players
in the market are identified through various secondary sources; databases including Bloomberg Businessweek, Hoovers, Factiva, journals and associations and the market revenues are estimated and are thoroughly validated through primary and secondary research. Secondary research involves the study of annual and financial reports of top players in the market, whereas primary research includes extensive interviews with the KoL’s such as CEOs, directors, board members, VP’s, sales managers, engineers, marketing executives, technicians, account managers, investors, strategic decision makers and others. The Efficacy Testing Market shares and breakdowns are determined using secondary sources and are verified by the primary sources. All possible parameters/factors that are affecting the Efficacy Testing market demand are covered in the research study are verified through primary research, analysed and interpreted to get the final qualitative and quantitative data. This data is collected and added with detailed analysis from Envision Inteligence and presented in this report.
The scope of the Report
The Efficacy Testing market segmentation is as follows:
By Type
- Antimicrobial/Preservative Efficacy Testing
- Disinfectant Efficacy Testing
By Products & Services
- Consumables
- Instruments
- Services
By Application
- Pharmaceutical Manufacturing
- Cosmetics and Personal Care Products
- Medical Devices
Geographical Analysis:
Efficacy Testing Market is segmented by geography into North America, South America, Europe, APAC and Middle East & Africa. U.S., Canada, Mexico and Costa Rica are analysed under North American region which is usually turning as the hotspot in the market. The South American region is further segregated into Brazil, Argentina, Chile, Columbia and some other emerging economies. In Europe, the market is extensively examined by covering U.K., Germany, France, Italy, Spain, Netherlands, Poland, Switzerland and some other promising economies. APAC is further categorised by countries into China, India, Japan, South Korea, Australia & New Zealand, Malaysia,
Singapore and many other emerging nations. In the Middle East & African region, Saudi Arabia, UAE, Iran, Iraq, Qatar, South Africa, Algeria, Morocco, Nigeria and so on countries are evaluated to understand the market growth lucidly.
Customization Options:
With the given research report, Envision Inteligence offers customisations as per the client’s specific requirements. The following customisation options offered for the Efficacy Testing Market include:
- Scope Revision
- Geographic Analysis
- Company Profiles
- Historical Data & Forecasting
- Key Contact Persons in companies
Global Efficacy Testing Market Research Report Includes:
- An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
- To have a complete market analysis through industry value chain analysis, Porter’s Five Force Model, PESTLE, SWOTanalysis, and Y-o-Y analysis.
- Regional and global diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year
- Identifying DROC in the current market and their impact on altering market dynamics.
- Competitive landscape analysis to identify the merger and acquisition which will have a comparative financial study with significant competitors.
- Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.
- Identify the latest developments, market shares and strategies that are employed by the significant Efficacy Testing market players, such as
- Charles River
- Merck KGaA
- Pacific Biolabs
- Eurofins Scientific
- Toxikon Corporation
- Along with these companies, many other companies are considered in the report while analysing the Global Efficacy Testing competitive strategies and environment. These companies held substantial share-owning to the nature of the industry whereas, the rest of the market shares are marginal chunks to regional and local level manufacturers. Other players also have considerable presence owing to its robust brand image, geographical reach and stable customer base.
