Lucintel’s latest market report analyzed that efficacy testing provides attractive opportunities in pharmaceutical manufacturing, cosmetic and personal care product, consumer product, and medical device applications. The efficacy testing market is expected to reach $0.55 billion by 2028 with a CAGR of 7.5%. In this market, disinfectant efficacy testing is the largest segment by service type, whereas Pharmaceutical manufacturing is largest by application.
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Based on service type, the efficacy testing market is segmented into Antimicrobials/ Preservatives and disinfectant efficacy testing. The disinfectant efficacy testing segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to growing consumer awareness of personal hygiene is creating a need for surface disinfectants and its application.
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The Efficacy Testing Market is marked by the presence of several big and small players. Some of the prominent players offering efficacy testing include Eurofins Scientific, Charles River Laboratories, Lucideon, WuXi AppTec, and Almac.
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