DUBLIN, July 10, 2023 /PRNewswire/ -- The "Efficacy Testing: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

The global market for Efficacy Testing estimated at US$540.5 Million in the year 2022, is projected to reach a revised size of US$1.2 Billion by 2030, growing at a CAGR of 10.5% over the analysis period 2022-2030.

Consumables, one of the segments analyzed in the report, is projected to record a 11.2% CAGR and reach US$713.2 Million by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Instruments segment is readjusted to a revised 9.4% CAGR for the next 8-year period.

The U.S. Market is Estimated at $166.6 Million, While China is Forecast to Grow at 12.1% CAGR

The Efficacy Testing market in the U.S. is estimated at US$166.6 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$171.9 Million by the year 2030 trailing a CAGR of 12.1% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.9% and 9.7% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 10.3% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$113.4 Million by the year 2030.

Select Competitors (Total 70 Featured) -

• Eurofins Scientific SE

• Merck KGaA

• WuXi AppTec

• SGS S.A

• bioMerieux

• Charles River Laboratories Inc.

• Pacific Biolabs Inc.

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Influencer Market Insights

• Efficacy Testing - Global Key Competitors Percentage Market Share in 2022 (E)

• Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)

• A Prelude to Efficacy Testing

• Global Efficacy Testing Market Poised for Steady Growth

• US Dominates, Asia-Pacific to Witness Rapid Growth

• Anti-microbial/Preservative Efficacy Testing to Register Rapid Growth

• Disinfectant Efficacy Testing Dominates

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

• Rising Importance of Preservative Efficacy Testing

• Challenge Organisms

• Testing Techniques

• Challenges

• Conclusion

• Preservation Technique for Paraben-Free Cosmetics

• Development of Alternative Techniques of Preservation

• Adoption of Hurdle Technology

• Preservative Systems in Liquid Dietary Supplements

• Preservative Efficacy Test (PET) for Cosmetics

• Efficacy Testing for Cosmetics

• Techniques Employed for Demonstrating Effectiveness of Disinfectants

• Categorization of Test Types

• Surface Testing

• Additional Tests Mandated for the Pharmaceuticals Industry by the USP

• Contact Time Defined

• Strong Rise in Pharmaceutical Sales to Drive Demand for Efficacy Testing

• Global Prescription Drug Sales (In US$ Billion) for the Years 2017, 2019, 2021, 2023 & 2025

• Rapid Growth of Generic Drugs Drives Demand for Pharma Efficacy Testing

• Global Generic Drugs Market Size (in $ Billion) for the Years 2016, 2019, 2020 & 2025

• Aging Population Propels the Demand for Ethicacy Testing in End-use Applications

• Global Aging Population Statistics for the 65+ Age Group in Million by Geographic Region for the Years 2019, 2025, 2035 and 2050

• Increasing Healthcare Expenditure to Foster Growth

• World Healthcare Expenditure (In US$ Trillion) for the Years 2016 & 2018

• Persistent Increase in Pharmaceutical R&D Bodes Well for Efficacy Testing

• Rising Incidence of Chronic Diseases Fuels Demand for Efficacy Testing

• Global Cancer Incidence by Region: 2018

• Global Cancer Incidence by Type: 2018

• Fatalities by Heart Conditions: Estimated Percentage Breakdown for Cardiovascular Disease, Ischemic Heart Disease, Stroke, and Others

• Rising Diabetes Prevalence Presents Opportunity for Cell Harvesting: Number of Adults (20-79) with Diabetes (in Millions) by Region for 2017 and 2045

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/v4ljas

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