Efficacy Testing Market
Efficacy Testing Market Study by Antimicrobial/ Preservative and Disinfectant Testing for Pharmaceuticals, Cosmetics & Personal Care, Consumer Products, and Medical Devices from 2023 to 2033
Analysis of Efficacy Testing Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Efficacy Testing Market Outlook (2023 to 2033)
Newly-released efficacy testing market analysis report by Fact.MR reveals that global sales in 2022 were held at US$ 320 million. With 6.4% projected growth from 2023 to 2033, the market is expected to reach a valuation of US$ 650 million by the end of the forecast period. Disinfectant efficacy testing is expected to be the significant revenue-generating type, projected to grow at a CAGR of over 6.2% from 2023 to 2033.
| Attributes | Details |
|---|---|
|
Global Efficacy Testing Market Size (2022) |
US$ 320 million |
|
Global Efficacy Testing Market Size (2033) |
US$ 650 million |
|
Global Efficacy Testing Market CAGR (2023 to 2033) |
6.4% |
|
U.S. Efficacy Testing Market CAGR (2023 to 2033) |
6.2% |
|
Key Companies Covered |
|
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Revenue of Efficacy Testing Market from 2018 to 2022 Compared to Demand Outlook for 2023 to 2033
As per the research of the efficacy testing market by Fact.MR - a market research and competitive intelligence provider, historically, from 2018 to 2022, the market value increased at around 10.6% CAGR. With an absolute dollar opportunity of US$ 300 million, the market is projected to reach a valuation of US$ 650 million by 2033.
What are the Key Drivers Influencing Efficacy Testing Market Expansion?
The key drivers influencing the market expansion include increasing demand for quality and safe products, technological advancements, growing prevalence of chronic diseases, rapid growth in research and development, huge Investment by the government, and mandatory regulations by the government.
Efficacy testing refers to the process of evaluating the effectiveness of a product, substance, or treatment in achieving its intended purpose. This testing is often used to determine whether a product is safe and effective for its intended use, and it is typically performed in a laboratory or clinical setting. Efficacy testing is used in various industries, including pharmaceuticals, cosmetics, food and beverages, and agricultural products, to evaluate the safety and effectiveness of products. For instance, in the pharmaceutical industry, efficacy testing is used to evaluate the effectiveness of drugs in treating a specific disease or condition.
According to the World Health Organization (WHO), in 2019, over 18.1 million new cancer cases were diagnosed worldwide, and 9.6 million cancer-related deaths. These numbers represent a significant increase from the previous year and is expected to continue to rise as the global population grows and ages. Efficacy testing plays a critical role in the development of new cancer drugs and therapies, and it is also used to evaluate the effectiveness of these treatments and identify the most promising treatments for further development. This is expected to influence the market growth.
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Region-Wise Analysis :
Which Region is Projected to Offer Significant growth in the Market?
North America is a prominent market for efficacy testing with a market size of US$ 80.3 million in 2022. It is projected that the region will have a market worth US$ 163.1 million by 2033.
According to research, over 3.4 million cases were diagnosed with diabetes in 2019. The cases were increasing rapidly due to the growing age and population. Efficacy testing is essential in diabetes to ensure that treatments are safe and effective in improving glycaemic control and reducing the risk of complications associated with the disease. It also plays a critical role in the development of new treatments and the ongoing evaluation of existing treatments to ensure that they remain effective over time.
Country-Wise Analysis :
United States Efficacy Testing Market Analysis :
The market in the United States is expected to grow to be worth US$ 140.6 million by 2033, with an absolute dollar growth of US$ 63.4 million from 2023 to 2033. The market in the country has grown at a CAGR of 10.1% from 2018 to 2022 and is expected to grow at a CAGR of 6.2% from 2023 to 2033.
According to research, in 2018, the cosmetics market in the United States was valued at US$ 89.5 billion. The market includes various cosmetic products, such as skin care, hair care, makeup, fragrances, and personal care products. The makeup category had sales of over US$ 18.8 billion and skin care product sales of around US$ 17 Billion. The growing demand for quality and safe products in industries such as pharmaceuticals, and cosmetics have been driving the market. Companies are investing in efficacy testing to ensure their products meet regulatory standards and are safe for consumers.
United Kingdom Efficacy Testing Market Analysis :
The market in the United Kingdom is expected to grow to be worth US$ 25 million by 2033, with an expected absolute dollar growth of US$ 10.3 million. The market in the United Kingdom has grown at a CAGR of 8.9% from 2018 to 2022 and is expected to grow at a CAGR of 5.5% from 2023 to 2033.
According to research, in 2019 over 920 thousand cases were living with heart failure and about 160 thousand deaths were reported in the United Kingdom. Efficacy testing is essential in heart failure to ensure that treatments are safe and effective in improving symptoms and outcomes associated with the disease. It also plays a critical role in the development of new treatments and the ongoing evaluation of existing treatments to ensure that they remain effective over time.
China Efficacy Testing Market Analysis :
In China, the market is expected to grow to be worth US$ 83.4 million with an absolute dollar growth of US$ 35.9 million. The market in China has grown at a CAGR of 9.6% from 2018 to 2022 and is expected to grow at a CAGR of 5.8% from the year 2023 to 2033.
According to research, in 2019, over US$ 8.5 billion was invested in the healthcare sector in China by venture capital firms for the development of new drugs and treatments. Also, the Chinese government has been actively promoting investments in the healthcare sector, including initiatives such as ‘Healthy China 2030’ plan. This plan includes promoting innovations and investments in the healthcare sector, including the development of new drugs and treatments and the promotion of research and developments in the field of efficacy testing.
India Efficacy Testing Market Analysis :
The market in India is expected to grow to be worth US$ 68.1 million by 2033, with an absolute dollar growth of US$ 26 million. The market in the country has grown at a CAGR of 8.3% from 2018 to 2022 and is expected to grow at a CAGR of 4.9% from 2023 to 2033.
According to GLOBOCAN 2018, around 32 thousand cases were diagnosed and 29 thousand deaths were reported due to liver cancer. Hepatitis B and Hepatitis C infections are the leading factors responsible for liver cancer. Efficacy testing in liver cancer typically involves assessing the effectiveness of different treatments for the disease.
Japan Efficacy Testing Market Analysis :
In Japan, the market is expected to grow to be worth US$ 41.7 million with an absolute dollar growth of US$ 15.1 million. The market in Japan has grown at a CAGR of 7.7% from 2018 to 2022 and is expected to grow at a CAGR of 4.6% from 2023 to 2033.
The Japanese government has been actively promoting the development of new drugs and treatments, and efficacy testing plays a critical role in this process.
In 2019, the Japanese government announced plans to invest around US$ 914 million in the development of innovative drugs and treatments. This investment includes funding for clinical trials and efficacy testing, as well as support for research and development in the pharmaceutical industry. Due to the increase in government investments, the market is expected to rise.
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Category-Wise Insights
Through Which Service Type Efficacy Testing Revenue is projected to Witness Significant Growth?
Revenue through Disinfectant Efficacy Testing is projected to witness significant growth with a CAGR of 10.4% from 2018 to 2022.
Disinfectant efficacy testing is the process of evaluating the effectiveness of disinfectants in killing or inactivating microorganisms on surfaces. This testing is typically conducted in laboratories and follows specific guidelines and protocols to ensure the accuracy and consistency of results.
The primary goal of disinfectant efficacy testing is to ensure that disinfectants are effective in reducing the spread of harmful pathogens in various settings, such as hospitals, schools, and public spaces. Due to their effectiveness and safety standards, disinfectant efficacy testing is projected to witness significant growth.
Through Which Application Efficacy Testing is projected to Witness Significant Growth?
Through pharmaceutical manufacturing applications, the market is projected to witness significant growth with a CAGR of 10.2% from 2018 to 2022 and is expected to grow at a CAGR of 6.1% from 2023 to 2033.
The pharmaceutical industry is highly regulated, and there is a growing demand for quality assurance to ensure the safety and efficacy of drugs. Increasing demand for quality assurance, growing demand for personalized medicine, increasing prevalence of chronic diseases, and surging investment in R&D, are the key factors that are driving the market growth, making it the highest growth segment in the pharmaceutical industry.
Competitive Analysis :
Key players in the market are Charles River Laboratories, Wuxi App Tec, Eurofins Scientific, SGS, Intertek Group, Nelson Laboratories, Llc, Microbac Laboratories, Inc., Almac Group, North American Science Associates, LLC, ALS Limited, Pacific Biolabs, MSL Solution Providers, Accugen Laboratories, Inc. and Lucideon.
A few of the recent developments in the market are :
- In August 2021, Charles River Laboratories announced plans to invest US$ 46 million in a new facility in the city of Durham, North Carolina. The new facility is expected to provide expanded research and development services to the biopharmaceutical industry.
- In December 2020, WuXi AppTec completed the acquisition of Pharmapace, a California-based clinical research organization (CRO) specializing in clinical trial management services. The acquisition strengthened WuXi AppTec's capabilities in clinical development services and expanded its presence in the U.S. market.
Segmentation of the Efficacy Testing Market :
-
By Service Type :
- Antimicrobial/ Preservative Efficacy Testing
- Traditional Testing Methods
- Rapid Test Methods
- Disinfectant Efficacy Testing
- Surface Test Methods
- Suspension Test Methods
- Antimicrobial/ Preservative Efficacy Testing
-
By Application :
- Pharmaceutical Manufacturing Applications
- Cosmetic and Personal Care Product Applications
- Consumer Product Applications
- Medical Device Applications
-
By Region :
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
Table of Content
1. Executive Summary 1.1. Global Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Investment Feasibility Matrix 3.5. PESTLE and Porter’s Analysis 3.6. Regulatory Landscape 3.6.1. By Key Regions 3.6.2. By Key Countries 3.7. Regional Parent Market Outlook 4. Global Market Analysis 2018-2022 and Forecast, 2023-2033 4.1. Historical Market Size Value (US$ Million) Analysis, 2018-2022 4.2. Current and Future Market Size Value (US$ Million) Projections, 2023-2033 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Global Market Analysis 2018-2022 and Forecast 2023-2033, By Service Type 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Million) Analysis By Service Type, 2018-2022 5.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Service Type, 2023-2033 5.3.1. Antimicrobial/ Preservative Efficacy Testing 5.3.1.1. Traditional Testing Methods 5.3.1.2. Rapid Test Methods 5.3.2. Disinfectant Efficacy Testing 5.3.2.1. Surface Test Methods 5.3.2.2. Suspension Test Methods 5.4. Y-o-Y Growth Trend Analysis By Service Type, 2018-2022 5.5. Absolute $ Opportunity Analysis By Service Type, 2023-2033 6. Global Market Analysis 2018-2022 and Forecast 2023-2033, By Application 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Million) Analysis By Application, 2018-2022 6.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Application, 2023-2033 6.3.1. Pharmaceutical Manufacturing Applications 6.3.2. Cosmetic and Personal Care Product Applications 6.3.3. Consumer Product Applications 6.3.4. Medical Device Applications 6.4. Y-o-Y Growth Trend Analysis By Application, 2018-2022 6.5. Absolute $ Opportunity Analysis By Application, 2023-2033 7. Global Market Analysis 2018-2022 and Forecast 2023-2033, By Region 7.1. Introduction 7.2. Historical Market Size Value (US$ Million) Analysis By Region, 2018-2022 7.3. Current Market Size Value (US$ Million) Analysis and Forecast By Region, 2023-2033 7.3.1. North America 7.3.2. Latin America 7.3.3. Europe 7.3.4. Asia Pacific 7.3.5. Middle East and Africa 7.4. Market Attractiveness Analysis By Region 8. North America Market Analysis 2018-2022 and Forecast 2023-2033, By Country 8.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018-2022 8.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023-2033 8.2.1. By Country 8.2.1.1. U.S. 8.2.1.2. Canada 8.2.2. By Service Type 8.2.3. By Application 8.3. Market Attractiveness Analysis 8.3.1. By Country 8.3.2. By Service Type 8.3.3. By Application 8.4. Key Takeaways 9. Latin America Market Analysis 2018-2022 and Forecast 2023-2033, By Country 9.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018-2022 9.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023-2033 9.2.1. By Country 9.2.1.1. Brazil 9.2.1.2. Mexico 9.2.1.3. Rest of Latin America 9.2.2. By Service Type 9.2.3. By Application 9.3. Market Attractiveness Analysis 9.3.1. By Country 9.3.2. By Service Type 9.3.3. By Application 9.4. Key Takeaways 10. Europe Market Analysis 2018-2022 and Forecast 2023-2033, By Country 10.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018-2022 10.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023-2033 10.2.1. By Country 10.2.1.1. U.K. 10.2.1.2. Spain 10.2.1.3. Germany 10.2.1.4. Italy 10.2.1.5. France 10.2.1.6. Rest of Europe 10.2.2. By Service Type 10.2.3. By Application 10.3. Market Attractiveness Analysis 10.3.1. By Country 10.3.2. By Service Type 10.3.3. By Application 10.4. Key Takeaways 11. Asia Pacific Market Analysis 2018-2022 and Forecast 2023-2033, By Country 11.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018-2022 11.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023-2033 11.2.1. By Country 11.2.1.1. India 11.2.1.2. China 11.2.1.3. Japan 11.2.1.4. Rest of Asia Pacific 11.2.2. By Service Type 11.2.3. By Application 11.3. Market Attractiveness Analysis 11.3.1. By Country 11.3.2. By Service Type 11.3.3. By Application 11.4. Key Takeaways 12. Middle East and Africa Market Analysis 2018-2022 and Forecast 2023-2033, By Country 12.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018-2022 12.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023-2033 12.2.1. By Country 12.2.1.1. South Africa 12.2.1.2. GCC Countries 12.2.1.3. Rest of Middle East and Africa 12.2.2. By Service Type 12.2.3. By Application 12.3. Market Attractiveness Analysis 12.3.1. By Country 12.3.2. By Service Type 12.3.3. By Application 12.4. Key Takeaways 13. Key Countries Market Analysis 13.1. U.S. 13.1.1. Pricing Analysis 13.1.2. Market Share Analysis, 2022 13.1.2.1. By Service Type 13.1.2.2. By Application 13.2. Canada 13.2.1. Pricing Analysis 13.2.2. Market Share Analysis, 2022 13.2.2.1. By Service Type 13.2.2.2. By Application 13.3. Brazil 13.3.1. Pricing Analysis 13.3.2. Market Share Analysis, 2022 13.3.2.1. By Service Type 13.3.2.2. By Application 13.4. Mexico 13.4.1. Pricing Analysis 13.4.2. Market Share Analysis, 2022 13.4.2.1. By Service Type 13.4.2.2. By Application 13.5. U.K. 13.5.1. Pricing Analysis 13.5.2. Market Share Analysis, 2022 13.5.2.1. By Service Type 13.5.2.2. By Application 13.6. Spain 13.6.1. Pricing Analysis 13.6.2. Market Share Analysis, 2022 13.6.2.1. By Service Type 13.6.2.2. By Application 13.7. Germany 13.7.1. Pricing Analysis 13.7.2. Market Share Analysis, 2022 13.7.2.1. By Service Type 13.7.2.2. By Application 13.8. Italy 13.8.1. Pricing Analysis 13.8.2. Market Share Analysis, 2022 13.8.2.1. By Service Type 13.8.2.2. By Application 13.9. France 13.9.1. Pricing Analysis 13.9.2. Market Share Analysis, 2022 13.9.2.1. By Service Type 13.9.2.2. By Application 13.10. India 13.10.1. Pricing Analysis 13.10.2. Market Share Analysis, 2022 13.10.2.1. By Service Type 13.10.2.2. By Application 13.11. China 13.11.1. Pricing Analysis 13.11.2. Market Share Analysis, 2022 13.11.2.1. By Service Type 13.11.2.2. By Application 13.12. Japan 13.12.1. Pricing Analysis 13.12.2. Market Share Analysis, 2022 13.12.2.1. By Service Type 13.12.2.2. By Application 13.13. Australia & New Zealand 13.13.1. Pricing Analysis 13.13.2. Market Share Analysis, 2022 13.13.2.1. By Service Type 13.13.2.2. By Application 13.14. South Africa 13.14.1. Pricing Analysis 13.14.2. Market Share Analysis, 2022 13.14.2.1. By Service Type 13.14.2.2. By Application 13.15. GCC Countries 13.15.1. Pricing Analysis 13.15.2. Market Share Analysis, 2022 13.15.2.1. By Service Type 13.15.2.2. By Application 14. Market Structure Analysis 14.1. Competition Dashboard 14.2. Competition Benchmarking 14.3. Market Share Analysis of Top Players 14.3.1. By Regional 14.3.2. By Service Type 14.3.3. By Application 15. Competition Analysis 15.1. Competition Deep Dive 15.1.1. Charles River Laboratories 15.1.1.1. Overview 15.1.1.2. Product Portfolio 15.1.1.3. Profitability by Market Segments 15.1.1.4. Sales Footprint 15.1.1.5. Strategy Overview 15.1.1.5.1. Marketing Strategy 15.1.2. Wuxi App Tec 15.1.2.1. Overview 15.1.2.2. Product Portfolio 15.1.2.3. Profitability by Market Segments 15.1.2.4. Sales Footprint 15.1.2.5. Strategy Overview 15.1.2.5.1. Marketing Strategy 15.1.3. Eurofins Scientific 15.1.3.1. Overview 15.1.3.2. Product Portfolio 15.1.3.3. Profitability by Market Segments 15.1.3.4. Sales Footprint 15.1.3.5. Strategy Overview 15.1.3.5.1. Marketing Strategy 15.1.4. SGS 15.1.4.1. Overview 15.1.4.2. Product Portfolio 15.1.4.3. Profitability by Market Segments 15.1.4.4. Sales Footprint 15.1.4.5. Strategy Overview 15.1.4.5.1. Marketing Strategy 15.1.5. Intertek Group 15.1.5.1. Overview 15.1.5.2. Product Portfolio 15.1.5.3. Profitability by Market Segments 15.1.5.4. Sales Footprint 15.1.5.5. Strategy Overview 15.1.5.5.1. Marketing Strategy 15.1.6. Nelson Laboratories, Llc 15.1.6.1. Overview 15.1.6.2. Product Portfolio 15.1.6.3. Profitability by Market Segments 15.1.6.4. Sales Footprint 15.1.6.5. Strategy Overview 15.1.6.5.1. Marketing Strategy 15.1.7. Microbac Laboratories, Inc. 15.1.7.1. Overview 15.1.7.2. Product Portfolio 15.1.7.3. Profitability by Market Segments 15.1.7.4. Sales Footprint 15.1.7.5. Strategy Overview 15.1.7.5.1. Marketing Strategy 15.1.8. Almac Group 15.1.8.1. Overview 15.1.8.2. Product Portfolio 15.1.8.3. Profitability by Market Segments 15.1.8.4. Sales Footprint 15.1.8.5. Strategy Overview 15.1.8.5.1. Marketing Strategy 15.1.9. North American Science Associates, LLC 15.1.9.1. Overview 15.1.9.2. Product Portfolio 15.1.9.3. Profitability by Market Segments 15.1.9.4. Sales Footprint 15.1.9.5. Strategy Overview 15.1.9.5.1. Marketing Strategy 15.1.10. ALS Limited 15.1.10.1. Overview 15.1.10.2. Product Portfolio 15.1.10.3. Profitability by Market Segments 15.1.10.4. Sales Footprint 15.1.10.5. Strategy Overview 15.1.10.5.1. Marketing Strategy 15.1.11. Pacific Biolabs 15.1.11.1. Overview 15.1.11.2. Product Portfolio 15.1.11.3. Profitability by Market Segments 15.1.11.4. Sales Footprint 15.1.11.5. Strategy Overview 15.1.11.5.1. Marketing Strategy 15.1.12. MSL Solution Providers 15.1.12.1. Overview 15.1.12.2. Product Portfolio 15.1.12.3. Profitability by Market Segments 15.1.12.4. Sales Footprint 15.1.12.5. Strategy Overview 15.1.12.5.1. Marketing Strategy 15.1.13. Accugen Laboratories, Inc. 15.1.13.1. Overview 15.1.13.2. Product Portfolio 15.1.13.3. Profitability by Market Segments 15.1.13.4. Sales Footprint 15.1.13.5. Strategy Overview 15.1.13.5.1. Marketing Strategy 15.1.14. Lucideon 15.1.14.1. Overview 15.1.14.2. Product Portfolio 15.1.14.3. Profitability by Market Segments 15.1.14.4. Sales Footprint 15.1.14.5. Strategy Overview 15.1.14.5.1. Marketing Strategy 16. Assumptions & Acronyms Used 17. Research Methodology
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List Of Table
Table 01: Global Market Value (US$ Million) Forecast by Region, 2018-2033
Table 02: Global Market Value (US$ Million) Forecast by Service Type, 2018-2033
Table 03: Global Market Value (US$ Million) Forecast by Application, 2018-2033
Table 04: North America Market Value (US$ Million) Forecast by Country, 2018-2033
Table 05: North America Market Value (US$ Million) Forecast by Service Type, 2018-2033
Table 06: North America Market Value (US$ Million) Forecast by Application, 2018-2033
Table 07: Latin America Market Value (US$ Million) Forecast by Country, 2018-2033
Table 08: Latin America Market Value (US$ Million) Forecast by Service Type, 2018-2033
Table 09: Latin America Market Value (US$ Million) Forecast by Application, 2018-2033
Table 10: Europe Market Value (US$ Million) Forecast by Country, 2018-2033
Table 11: Europe Market Value (US$ Million) Forecast by Service Type, 2018-2033
Table 12: Europe Market Value (US$ Million) Forecast by Application, 2018-2033
Table 13: Asia Pacific Market Value (US$ Million) Forecast by Country, 2018-2033
Table 14: Asia Pacific Market Value (US$ Million) Forecast by Service Type, 2018-2033
Table 15: Asia Pacific Market Value (US$ Million) Forecast by Application, 2018-2033
Table 16: Middle East and Africa Market Value (US$ Million) Forecast by Country, 2018-2033
Table 17: Middle East and Africa Market Value (US$ Million) Forecast by Service Type, 2018-2033
Table 18: Middle East and Africa Market Value (US$ Million) Forecast by Application, 2018-2033
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List Of Figures
Figure 01: Global Market Value (US$ Million) by Service Type, 2023-2033
Figure 02: Global Market Value (US$ Million) by Application, 2023-2033
Figure 03: Global Market Value (US$ Million) by Region, 2023-2033
Figure 04: Global Market Value (US$ Million) Analysis by Region, 2018-2033
Figure 05: Global Market Value Share (%) and BPS Analysis by Region, 2023-2033
Figure 06: Global Market Y-o-Y Growth (%) Projections by Region, 2023-2033
Figure 07: Global Market Value (US$ Million) Analysis by Service Type, 2018-2033
Figure 08: Global Market Value Share (%) and BPS Analysis by Service Type, 2023-2033
Figure 09: Global Market Y-o-Y Growth (%) Projections by Service Type, 2023-2033
Figure 10: Global Market Value (US$ Million) Analysis by Application, 2018-2033
Figure 11: Global Market Value Share (%) and BPS Analysis by Application, 2023-2033
Figure 12: Global Market Y-o-Y Growth (%) Projections by Application, 2023-2033
Figure 13: Global Market Attractiveness by Service Type, 2023-2033
Figure 14: Global Market Attractiveness by Application, 2023-2033
Figure 15: Global Market Attractiveness by Region, 2023-2033
Figure 16: North America Market Value (US$ Million) by Service Type, 2023-2033
Figure 17: North America Market Value (US$ Million) by Application, 2023-2033
Figure 18: North America Market Value (US$ Million) by Country, 2023-2033
Figure 19: North America Market Value (US$ Million) Analysis by Country, 2018-2033
Figure 20: North America Market Value Share (%) and BPS Analysis by Country, 2023-2033
Figure 21: North America Market Y-o-Y Growth (%) Projections by Country, 2023-2033
Figure 22: North America Market Value (US$ Million) Analysis by Service Type, 2018-2033
Figure 23: North America Market Value Share (%) and BPS Analysis by Service Type, 2023-2033
Figure 24: North America Market Y-o-Y Growth (%) Projections by Service Type, 2023-2033
Figure 25: North America Market Value (US$ Million) Analysis by Application, 2018-2033
Figure 26: North America Market Value Share (%) and BPS Analysis by Application, 2023-2033
Figure 27: North America Market Y-o-Y Growth (%) Projections by Application, 2023-2033
Figure 28: North America Market Attractiveness by Service Type, 2023-2033
Figure 29: North America Market Attractiveness by Application, 2023-2033
Figure 30: North America Market Attractiveness by Country, 2023-2033
Figure 31: Latin America Market Value (US$ Million) by Service Type, 2023-2033
Figure 32: Latin America Market Value (US$ Million) by Application, 2023-2033
Figure 33: Latin America Market Value (US$ Million) by Country, 2023-2033
Figure 34: Latin America Market Value (US$ Million) Analysis by Country, 2018-2033
Figure 35: Latin America Market Value Share (%) and BPS Analysis by Country, 2023-2033
Figure 36: Latin America Market Y-o-Y Growth (%) Projections by Country, 2023-2033
Figure 37: Latin America Market Value (US$ Million) Analysis by Service Type, 2018-2033
Figure 38: Latin America Market Value Share (%) and BPS Analysis by Service Type, 2023-2033
Figure 39: Latin America Market Y-o-Y Growth (%) Projections by Service Type, 2023-2033
Figure 40: Latin America Market Value (US$ Million) Analysis by Application, 2018-2033
Figure 41: Latin America Market Value Share (%) and BPS Analysis by Application, 2023-2033
Figure 42: Latin America Market Y-o-Y Growth (%) Projections by Application, 2023-2033
Figure 43: Latin America Market Attractiveness by Service Type, 2023-2033
Figure 44: Latin America Market Attractiveness by Application, 2023-2033
Figure 45: Latin America Market Attractiveness by Country, 2023-2033
Figure 46: Europe Market Value (US$ Million) by Service Type, 2023-2033
Figure 47: Europe Market Value (US$ Million) by Application, 2023-2033
Figure 48: Europe Market Value (US$ Million) by Country, 2023-2033
Figure 49: Europe Market Value (US$ Million) Analysis by Country, 2018-2033
Figure 50: Europe Market Value Share (%) and BPS Analysis by Country, 2023-2033
Figure 51: Europe Market Y-o-Y Growth (%) Projections by Country, 2023-2033
Figure 52: Europe Market Value (US$ Million) Analysis by Service Type, 2018-2033
Figure 53: Europe Market Value Share (%) and BPS Analysis by Service Type, 2023-2033
Figure 54: Europe Market Y-o-Y Growth (%) Projections by Service Type, 2023-2033
Figure 55: Europe Market Value (US$ Million) Analysis by Application, 2018-2033
Figure 56: Europe Market Value Share (%) and BPS Analysis by Application, 2023-2033
Figure 57: Europe Market Y-o-Y Growth (%) Projections by Application, 2023-2033
Figure 58: Europe Market Attractiveness by Service Type, 2023-2033
Figure 59: Europe Market Attractiveness by Application, 2023-2033
Figure 60: Europe Market Attractiveness by Country, 2023-2033
Figure 61: Asia Pacific Market Value (US$ Million) by Service Type, 2023-2033
Figure 62: Asia Pacific Market Value (US$ Million) by Application, 2023-2033
Figure 63: Asia Pacific Market Value (US$ Million) by Country, 2023-2033
Figure 64: Asia Pacific Market Value (US$ Million) Analysis by Country, 2018-2033
Figure 65: Asia Pacific Market Value Share (%) and BPS Analysis by Country, 2023-2033
Figure 66: Asia Pacific Market Y-o-Y Growth (%) Projections by Country, 2023-2033
Figure 67: Asia Pacific Market Value (US$ Million) Analysis by Service Type, 2018-2033
Figure 68: Asia Pacific Market Value Share (%) and BPS Analysis by Service Type, 2023-2033
Figure 69: Asia Pacific Market Y-o-Y Growth (%) Projections by Service Type, 2023-2033
Figure 70: Asia Pacific Market Value (US$ Million) Analysis by Application, 2018-2033
Figure 71: Asia Pacific Market Value Share (%) and BPS Analysis by Application, 2023-2033
Figure 72: Asia Pacific Market Y-o-Y Growth (%) Projections by Application, 2023-2033
Figure 73: Asia Pacific Market Attractiveness by Service Type, 2023-2033
Figure 74: Asia Pacific Market Attractiveness by Application, 2023-2033
Figure 75: Asia Pacific Market Attractiveness by Country, 2023-2033
Figure 76: Middle East and Africa Market Value (US$ Million) by Service Type, 2023-2033
Figure 77: Middle East and Africa Market Value (US$ Million) by Application, 2023-2033
Figure 78: Middle East and Africa Market Value (US$ Million) by Country, 2023-2033
Figure 79: Middle East and Africa Market Value (US$ Million) Analysis by Country, 2018-2033
Figure 80: Middle East and Africa Market Value Share (%) and BPS Analysis by Country, 2023-2033
Figure 81: Middle East and Africa Market Y-o-Y Growth (%) Projections by Country, 2023-2033
Figure 82: Middle East and Africa Market Value (US$ Million) Analysis by Service Type, 2018-2033
Figure 83: Middle East and Africa Market Value Share (%) and BPS Analysis by Service Type, 2023-2033
Figure 84: Middle East and Africa Market Y-o-Y Growth (%) Projections by Service Type, 2023-2033
Figure 85: Middle East and Africa Market Value (US$ Million) Analysis by Application, 2018-2033
Figure 86: Middle East and Africa Market Value Share (%) and BPS Analysis by Application, 2023-2033
Figure 87: Middle East and Africa Market Y-o-Y Growth (%) Projections by Application, 2023-2033
Figure 88: Middle East and Africa Market Attractiveness by Service Type, 2023-2033
Figure 89: Middle East and Africa Market Attractiveness by Application, 2023-2033
Figure 90: Middle East and Africa Market Attractiveness by Country, 2023-2033
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- FAQs -
What market value is estimated to reach in 2023?
The global market size is estimated to be valued at US$ 350 million in 2023.
What was the global market size for 2022?
The market was reported at US$ 320 million in 2022.
What valuation is the market estimated to reach in 2033?
The market is expected to reach a valuation of US$ 650 million in 2033.
What value CAGR did the market exhibit over the last 4 years?
The market registered a CAGR of 10.6% over the last 4 years.
What is the projected market CAGR from 2023 to 2033?
The market is projected to witness a CAGR of 6.4% from 2023 to 2033.
Which service type of the Efficacy Testing is expected to witness huge demand and what is its projected CAGR?
Revenue through disinfectant efficacy testing is projected to witness large demand till 2033 with expected growth at a CAGR of 6.2% by 2033.
Which Application of Efficacy Testing that is expected to witness huge demand and what is its projected CAGR till 2033?
Pharmaceutical manufacturing applications is projected to witness significant demand with an expected CAGR of 6.1% by 2033.
What is the expected market size in the United States by 2033?
The market in the United States is projected to witness a market size of US$ 140.6 million and is expected to grow at 6.2% CAGR from 2023 to 2033.
Which are the key companies offering Efficacy Testing?
Key players in the market are Charles River Laboratories, Wuxi App Tec, Eurofins Scientific, SGS, Intertek Group, Nelson Laboratories, LLC, Microbac Laboratories, Inc., Almac Group, North American Science Associates, LLC, ALS Limited, Pacific Biolabs, MSL
Efficacy Testing Market