Analytical Standards Market Increasing at A Phenomenal Pace to Reach more than USD 2.60 Billion by 2028

03-Aug-2021 | Zion Market Research

Some of key players in Analytical Standards Market are Spex Certiprep, Agilent Technologies Inc., Waters Corporation, Restek Corporation, Cayman Chemical Company, Ricca Chemical Company, Sigma-Aldrich Co. L.L.C., Accustandard Inc., Merck KGAA, and Lgc Standards, among others.

According to analysts at Zion Market Research, the global Analytical Standards market accounted for USD 1.61 Billion in 2020 and is expected to reach USD 2.60 Billion by 2028, growing at a CAGR of 7.1% from 2021 to 2028.

This review is based on a report by Zion Market Research, titled “Analytical Standards Market by Application (Food & Beverages Standards, Forensic Standards, Veterinary Drug Standards, Petrochemistry Standards, Environmental Standards, Pharmaceutical and Life Science Standards), by Technique (Chromatography, Spectroscopy, Titrimetry, Physical Property Testing), by Product Type (Organic and Inorganic): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028.”

Global Analytical Standards Market Size

Massive Analytical Standards Market to Spur Growth

Stringent government environmental regulations in the pharmaceutical industry, as well as expanding food safety concerns around the world, are driving the global analytical standards market. Other company tactics expected to open up new growth prospects in the global market include geographic expansion and market penetration, new product releases, streamlined production capabilities, collaboration, merger, agreement, and acquisition.

Food contamination is a serious concern around the world, and concerns about food safety and quality are growing among the general public. Food infections, mercury poisoning, allergic responses, and food poisoning can all be caused by eating tainted or contaminated foods.

Developing healthcare infrastructure in underdeveloped regions will be crucial to the expansion of clinical microbiology product producers and distributors during the forecasted period. This is owing to the rising prevalence of infectious diseases such as HIV, tuberculosis, influenza, and malaria, as well as increased research and development activities in developing nations to create breakthrough genomic techniques for disease diagnostics. The market's growth is fueled by improvements in healthcare infrastructure, rising healthcare expenditures, and greater availability and affordability of low-cost clinical microbiology products. In keeping with the current trend, several government initiatives to develop and expand healthcare infrastructure have been implemented in growing countries (particularly in China and India).

Presence of Big Players in The Region Support Asia Pacific Dominance

The Asia Pacific region is projected to grow at a CAGR of 9.3% over the forecast period. Asia Pacific is predicted to grow at the fastest rate throughout the projection period, owing to rising demand for outsourcing services in comparatively underdeveloped economies. Outsourcing services in this region are frequently supported by delivery centres in China, Manila, and India. For onshore and nearshore clients in Japan, China is becoming more appealing as a delivery destination.

North America will have the largest market share of 45% in the global market by 2020, because of increased life science research funding. Other factors, such as the increasing number of ongoing clinical trials and government support for big research expenditures, are projected to propel the global market forward.

Browse the full Analytical Standards Market by Application (Food & Beverages Standards, Forensic Standards, Veterinary Drug Standards, Petrochemistry Standards, Environmental Standards, Pharmaceutical and Life Science Standards), by Technique (Chromatography, Spectroscopy, Titrimetry, Physical Property Testing), by Product Type (Organic and Inorganic): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028.” Report at https://www.zionmarketresearch.com/report/analytical-standards-market

The global Analytical Standards market is segmented as follows:

By Application

  • Food & Beverages Standards
  • Forensic Standards
  • Veterinary Drug Standards
  • Petrochemistry Standards
  • Environmental Standards
  • Pharmaceutical Standards and Life Science Standards

By Technique

  • Chromatography
  • Spectroscopy
  • Titrimetry
  • Physical Property Testing

By Product Type

  • Organic
  • Inorganic

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

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