{"id":119892,"date":"2021-07-07T00:00:00","date_gmt":"2021-07-07T00:00:00","guid":{"rendered":"https:\/\/icrowdnewswire.com\/?p=28890202889020"},"modified":"2021-07-07T00:00:00","modified_gmt":"2021-07-07T00:00:00","slug":"analytical-standards-market-worth-1-7-billion-by-2025","status":"publish","type":"post","link":"https:\/\/ipsnews.net\/business\/2021\/07\/07\/analytical-standards-market-worth-1-7-billion-by-2025\/","title":{"rendered":"Analytical Standards Market worth $1.7 billion by 2025"},"content":{"rendered":"

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According to the new market research report\u00a0\u201c<\/strong>Analytical Standards Market<\/a>\u00a0by Category (Organic, Inorganic), Technique (GC, MS, LC, IR, NMR, Gravimetry), Method (Bioanalytical, Dissolution, Material Testing), Application (Food, Environmental, Pharmaceutical, Forensics) \u2013 Global Forecast to 2025\u2033,<\/strong>\u00a0published by MarketsandMarkets\"™\", the Analytical Standards Market\u00a0is estimated to be\u00a0USD 1.3 billion<\/span>\u00a0in 2020 and projected to reach\u00a0USD 1.7 billion<\/span>\u00a0by 2025, at a CAGR of 6.3%.<\/p>\n

Browse in-depth TOC on\u00a0<\/em>\u201cAnalytical Standards Market\u201d<\/strong><\/p>\n

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The rising public concerns related to optimal food safety & quality and growing applications of analytical techniques in proteomics & metabolomics are the key factors driving the growth of the analytical standards industry.<\/p>\n

The analytical standards market includes major Tier I and II suppliers like Merck KGaA (Germany<\/span>), Agilent Technologies (US), Waters Corporation (US), LGC Standards (UK), and PerkinElmer, Inc. (US). Other major market players in the analytical standards market include Restek Corporation (US), SPEX CertiPrep (US), AccuStandard, Inc. (US), Thermo Fisher Scientific, Inc. (US),\u00a0Mallinckrodt<\/span>\u00a0(UK), US Pharmacopeial Convention (US), Cayman Chemical Company (US), RICCA Chemical Company (US), GFS Chemicals, Inc. (US), and Chiron AS (Norway<\/span>), among others. These suppliers have their manufacturing facilities spread across regions such as\u00a0North America<\/span>\u00a0and\u00a0Europe<\/span>. COVID-19 has impacted their businesses as well. Demand for analytical standards from key end-users has declined a bit amidst the global COVID-19 pandemic. Industry experts believe that COVID-19 will have a short-term decline in the growth for the analytical standards market in 2020, but will experience normal development as the market gradually steadies by the end of 2020.<\/p>\n

Increasing importance of chromatography tests in drug approvals result in the segment occupying a high share of the analytical standards market<\/strong><\/p>\n

The chromatography technique segment owns a good market share in the analytical standards market. The large share of this segment is attributed to factors such as increasing usage of chromatography in the pharmaceutical analysis (especially HPLC) and the presence of a large number of matured and emerging suppliers that provide a broad range of chromatographic standards across the globe.<\/p>\n

Pharmaceutical & life sciences analytical standards estimated to be the growing market<\/strong><\/p>\n

The pharmaceutical & life sciences analytical standards market is expected to witness sustained demand during the forecast period, owing to the increasing drug development in developed countries, increasing use of certified reference materials (CRMs) to ensure the quality of pharmaceuticals, increasing awareness, regulations on cosmetic products, and the rising popularity of traditional medicines. However, the high cost of Pharma & life science analytical standards is expected to affect the sales of these analytical standards overall.<\/p>\n

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Asia Pacific<\/span>\u00a0likely to emerge as the fastest-growing analytical standards market, globally<\/strong><\/p>\n

Geographically, the emerging Asian countries, such as\u00a0China<\/span>,\u00a0India<\/span>,\u00a0South Korea<\/span>,\u00a0Taiwan<\/span>, and\u00a0Singapore<\/span>, are offering high-growth opportunities for market players. The\u00a0Asia Pacific<\/span>\u00a0analytical standards market is projected to grow at the highest CAGR from 2020 to 2025. strategic expansions of analytical instrument market players in the region, increasing focus on soil testing, food security concerns in\u00a0India<\/span>, an increasing number of bioclusters, high use of analytical technologies in\u00a0Japan<\/span>, and the growing biotechnology, biomedical, and pharmaceutical industries in\u00a0China<\/span>\u00a0are driving the growth of the APAC analytical standards market.<\/p>\n

Prominent players in this market include Merck KGaA (Germany<\/span>), Agilent Technologies (US), Waters Corporation (US), LGC Standards (UK), PerkinElmer, Inc. (US), Restek Corporation (US), SPEX CertiPrep (US), AccuStandard, Inc. (US), Thermo Fisher Scientific, Inc. (US), and\u00a0Mallinckrodt<\/span>\u00a0(UK).<\/p>\n

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The post Analytical Standards Market worth $1.7 billion by 2025<\/a> appeared first on Financial Market Brief<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

According to the new market research report “Analytical Standards Market by Category (Organic, Inorganic), Technique (GC, MS, LC, IR, NMR, Gravimetry), Method (Bioanalytical, Dissolution, Material Testing), Application (Food, Environmental, Pharmaceutical, Forensics) – Global Forecast to 2025″, published by MarketsandMarkets, the Analytical Standards Market is estimated to be USD 1.3 billion in 2020 and projected to reach USD 1.7 billion by 2025, at a […]<\/p>\n

The post Analytical Standards Market worth $1.7 billion by 2025<\/a> appeared first on Financial Market Brief<\/a>.<\/p>\n

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