Analytical Standards - Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global Analytical Standards market is accounted for $1.35 billion in 2018 and is expected to reach $2.54 billion by 2027 growing at a CAGR of 7.3% during the forecast period. Some of the key factors such as increasing adoption of analytical techniques in pesticide monitoring and greater regulatory emphasis on effective pollution monitoring are driving the market growth. However, limited public awareness related to effective pollution monitoring strategies is the restraining factor for the growth of the market.
Analytical standards used to scale purity and quality of the drug and formulated medicine. By assimilating methods, drugs, and formulations they provide efficacy, safety, and quality medicines. Standards and reagents are the main mechanism used in order to achieve optimal compliance and performance with the help of analytical instrumentation.
By category, organic standards segment is likely to have a huge demand in the forecast period due to the factors such as growing clinical trials & drug expansion, strong regulatory emphasis on effective pollution monitoring & control, and growing public-private savings for various investigate studies.
On the basis of geography, Asia-Pacific is anticipated to hold considerable market share during the forecast period due to the growing investments by governments in the biotechnology production, going up outsourcing of clinical trials from developed to rising Asian nations, strategic expansions of analytical instrument market players in the region, food security concerns in India, increasing focus on soil testing, high use of analytical technologies in Japan, and the rising biomedical, biotechnology, and pharmaceutical industries in China.
Some of the key players in Analytical Standards Market include Accustandard Inc, Agilent Technologies Inc, Cayman Chemical Company, Chiron As, General Electric Company, GFS Chemicals, Inc, LGC Standards, Mallinckrodt, Merck KGaA, Perkinelmer, Inc, Restek Corporation, Ricca Chemical Company, Spex Certiprep, Thermo Fisher Scientific, Inc and Waters Corporation.
• Inorganic Standards
• Organic Standards
• Physical Property Testing
• Food & Beverage
• Pharmaceutical & Life Sciences
• Microbial Testing
• Bioanalytical Testing
• Raw Material Testing
• Stability Testing
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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