Global Efficacy Testing Market
Efficacy Testing Market Size And Forecast
According to Verified Market Research, Global Efficacy Testing Market was valued at USD 354.42 Million in 2018 and is projected to reach USD 687.51 Million by 2026, growing at a CAGR of 8.65 % from 2019 to 2026.
Global Efficacy Testing Market Outlook
Regulations for pharmaceutical and cosmetic products addressing the safety of the products is driving the growth of the efficacy testing market. The efficacy of the active pharmaceutical ingredient (API) is the main concern, the market considers the regulation and validation of pharmaceutical products, and various approaches to preservative efficacy testing (PET) have been developed over the decade by regulatory agencies, standards organizations, industry organizations and individual companies such as International Conference on Harmonisation of Technical Requirements for Registration of Pharmaceuticals for Human Use (ICH) good clinical practice (GCP). The main aim of these regulatory bodies is to meet the good documentation standard and scientific soundness. Among various protocols and approaches proposed and developed, the microbial challenge test has evolved as the most commonly used and widely accepted evaluation criteria.
Global Efficacy Testing Market Competitive Landscape
The Global Efficacy Testing Market study report will provide a valuable insight with an emphasis on global market including some of the major players such as Charles River, Becton Dickinson and Company, SGS, Eurofins Scientific, Merck KGaA, Biomrieux Sa, Pacific Biolabs, Wuxi Apptec, North American Science Associates, and American Type Culture Collection. Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis.
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