Efficacy Testing Market

Eurofins Scientific (Luxembourg) and Charles River Laboratories (US) are leading players in Efficacy Testing Market

The global efficacy testing market is projected to reach USD 333 million by 2025 from USD 261 million in 2020, at a CAGR of 5.0% during the forecast period. The growth of this market is mainly driven by the increasing use of surface disinfectants and preservatives in pharma, biopharma, and cosmetics industries for contamination control and product stability; growing preference for outsourcing efficacy testing; and the rising adoption of the QbD approach.

The prominent players operating in the efficacy testing market are Eurofins Scientific (Luxembourg), Charles River Laboratories (US), WuXi AppTech (China), and SGS (Switzerland).

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Eurofins Scientific (Luxembourg) is a leading service provider in the efficacy testing market. The company has a strong geographical presence in Europe, North America, and the Asia Pacific. The company mainly focuses on providing efficacy testing solutions to companies that utilize full-service outsourcing models. Eurofins has a comprehensive efficacy testing services portfolio, including PET testing in accordance with the US and British pharmacopeia and disinfectant efficacy testing for a wide range of applications, including hospital, industrial, and household disinfectants. The company strategically focuses on maintaining industry-leading margins, developing long-standing relationships with existing customers, leveraging its experience in the high-growth microbiology testing market, and maintaining a full-service approach to establish its position in the efficacy testing services market.

Charles River Laboratories (US) is a leading player in the efficacy testing market. The company’s large market share can be attributed to its robust portfolio that includes traditional as well as innovative technologies and platforms that help streamline the efficacy testing process. The company offers efficacy testing services for pharmaceutical manufacturing applications, which is a major application of the efficacy testing market. The company’s wide presence across the globe has also played a very important role in securing its position in the market. It has a strong customer base in the US, China, Australia, and South Korea. To maintain its leading position and enhance its market share, the company mainly focuses on exceeding customer expectations by maintaining the quality of its services and quickly adapting to new conditions with efficiency.

Related Reports:

Efficacy Testing Market by Service Type (Antimicrobial/Preservative Efficacy Testing, Disinfectant Efficacy Testing (Surface, Suspension)), Application (Pharmaceutical Manufacturing, Cosmetic & Personal Care Products, Consumer) - Global Forecast to 2025

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Report Code
BT 5932
RI Published ON
9/30/2020
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