Analytical Standards Market Revenue to outshine USD 2.2 billion By 2027
Posted On August 17, 2021
The Global Analytical Standards Market revenue is anticipated to grow to around USD 2.2 billion by 2027 with a CAGR of 7% during the year 2021-2027 as per the report published by Value Market Research. The life science industry is expanding at a rapid rate. The demand for analytical standards is largely dependent the life science and healthcare industries. This is expected to increase the analytical standards market during the forecast period. Analytical standards have large demand in the biopharmaceutical industry, for the development of various biomarkers, biologic drugs, drug discovery, and therapeutic drug monitoring leads to increase the demand for analytical standards during the forecast period. The growth of analytical standards primarily driven by Increasing Public Concerns towards Food Safety and Quality along with Growth in the Pharmaceutical Industry will drive the market in forecast period. Further, technological advancement in the analytical techniques and rising applications are expected to drive the demand for analytical standards over the forecasted period.
The precise property used to scale purity and quality of the drug and medicine is known as an analytical standard. Analytical testing plays a vital role in understanding the physical and chemical constancy of drugs and impact on selection and design of dosage structure. Reagents and standards are the main components used in order to achieve finest performance, understanding methods, formulations. Along with this they provide safety, efficacy, and quality medicines. Based on the application analytical standards have large demand from food & beverages, pharmaceutical and life science, and by petro chemistry.
The elaborate study "Global Analytical Standards Market Report By Category (Organic Standards, Inorganic Standards), Technique (Chromatography, Spectroscopy, Titrimetry, Physical Property), Application (Environmental, Food & Beverage, Pharmaceutical & Life Sciences, Petro Chemistry, Forensic And Veterinary) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2021-2027" poses a refreshing view of the market taking into consideration all the aspects affecting the market.
On the basis of application the market is segmented into Environmental, Food & Beverage, Pharmaceutical & Life Sciences, Petrochemistry, Forensic, Veterinary, Others. By technique the analytical standards market is categorised as Chromatography, Spectroscopy, Titrimetry, Physical Property. By type the analytical standards market is categorised as Organic Analytical Standards, Inorganic Analytical Standards. The report covers North America (North America, United State and Rest of North America), Europe (United Kingdom, France , Germany, Rest of Europe), Asia Pacific (China, Japan, India, Rest of Asia Pacific), Latin America (Brazil, Rest of Latin America) and Middle East & Africa. The data tables in these chapters give the market estimates on the basis of all the segments.
The Report Segments Global Analytical Standards Market -
- Food & Beverage
- Pharmaceutical & Life Sciences
- Physical Property
- Organic Analytical Standards
- Inorganic Analytical Standards
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Players Profiled In the Report:
Merck KGaA, Agilent Technologies, Danaher, Waters Corporation, LGC Standards, and PerkinElmer, Inc.
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