Efficacy Testing Market Expected to Grow at 501.6 Million In Revenue by 2022 | Eurofins Scientific, Charles River Laboratories International, SGS, Merck KGaA, Becton and Others

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The Efficacy Testing Market is expected to reach US$ 501.6 Million by 2022 from US$ 330.5 Million in 2017, at a CAGR of 8.7%. Download Here Free Sample Research Report of Efficacy Testing Market at https://www.reportsnreports.com/contacts/requestsample.aspx?name=1308638 .

Efficacy Testing Market Report analyses the industry status, size, share, trends, growth opportunity, competition landscape and forecast to 2022. It aims at estimating the market size and the growth potential of this market across different segments, such as industry, application, solution, type, and region.

“The Consumables segment is anticipated to grow at the fastest growth rate during the forecast period”
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.

“The Antimicrobial efficacy testing segment is estimated to grow at a rapid rate during the analysis period”
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.

“Asia is estimated to register the highest CAGR during the study period”
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.

Breakdown of primary participants’ profile:
• By Company Type - Tier 1 – 70% and Tier 2 – 30%
• By Designation – C level – 62%, Director level – 21%, Others – 17%
• By Region – North America –50%, Europe – 20%, Asia– 30%

Report Highlights:
• To profile the key players and comprehensively analyze their market shares and core competencies in terms of market developments and growth strategies

• To forecast revenue of the market segments with respect to four main regional segments, namely, North America, Europe, Asia Pacific, and the Rest of the World (RoW)

• To define, describe, segment, and forecast the market by product and service, type, application, and region

• To identify the micromarkets with respect to drivers, restraints, industry-specific challenges, opportunities, and trends affecting the growth of the market

• To analyze market segments and subsegments with respect to individual growth trends, prospects, and contributions to the overall market

• To track and analyze competitive developments such as partnerships, acquisitions; product launches; and research and development activities in the global market

Target Audience for Efficacy Testing Market: Medical device manufacturers, Pharmaceutical product manufacturers, Cosmetic and personal care product manufacturers, Research institutes and contract research organizations, Efficacy testing products dealers and suppliers, Associations related to pharmaceutical and biotechnological research.

Most Popular Companies in the Efficacy Testing Market include are Eurofins Scientific (Luxembourg), Charles River Laboratories International (US), Becton Dickinson and Company (US), SGS (Switzerland), Merck KGaA (Germany), bio Mérieux (France), Pacific Biolabs (US), WuXi AppTec (China), North American Science Associates (US), American Type Culture Collection (US).

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