The global analytical standards market is projected to reach USD 1.73 billion by 2022 from USD 1.27 billion in 2017, at a CAGR of 6.3%.
Analytical standards market projected to grow at a CAGR of 6.3%. Factors such as the rising public concerns related to optimal food safety &quality and expansion of pharmaceutical and biotechnology industries across the globe.
On the other hand, limited public awareness related to effective pollution monitoring strategies across developing countries is limiting the growth of the market.
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In 2017, on the basis of application, the pharmaceutical and life sciences segment is expected to register the highest growth rate during the forecast period due to increasing drug development in developed countries, increasing use of certified reference materials (CRMs) to ensure the quality of pharmaceuticals, regulations on cosmetic products, and the rising popularity of traditional medicines.
1 Objectives of the Study
2 Market Definition
3 Market Scope
4 Markets Covered
5 Years Considered for the Study
In 2017, on the basis of category, the organic analytical standards segment is expected to account for the largest share of the market majorly due to the strong regulatory emphasis on effective pollution monitoring & control.
Geographically, the analytical standards market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. Asia-Pacific is expected to register the highest growth rate during the forecast period owing to government investments in the biotechnology industry, increasing number of bioclusters, and expansion by key analytical standards manufacturers.
Breakdown of supply-side primary interviews: by company type, designation, and region:
By Company Type - Tier 1 – 25%, Tier 2 – 30% and Tier 3 – 45%
By Designation – C level – 26%, Director level – 30%, Others –44%
By Region – North America - 34%, Europe – 26%, APAC – 23%, RoW – 17%
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The global analytical standards market is competitive, with a large number of global and local players. In 2016, the market was dominated by Merck KGaA (Germany), Agilent Technologies Inc.
(U.S.),and LGC Standards (U.K.). Product launches and expansions were the major strategies adopted by market players to achieve growth in the market.
Global Analytical Standards Market, By Technique
2 Chromatography Standards
3 Spectroscopy Standards
4 Titrimetry Standards
5 Physical Properties Testing Standards
The report will enrich both established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn help firms garner greater market shares. Firms purchasing the report could use any one or a combination of the below-mentioned five strategies for strengthening their market shares.
List of Tables
Table 1 Drugs That Lost Patent Protection Between 2011 & 2017
Table 2 Drugs Expected to Lose Patent Protection Between 2017 & 2020
Table 3 Global Analytical Standards Market Size, By Category, 2015–2022 (USD Million)
Table 4 Global Market Size, By Region, 2015–2022 (USD Million)
Table 5 Analytical Standards Market Size for Organic Standards, By Region, 2015–2022 (USD Million)
Table 6 Market Size for Inorganic Standards, By Region, 2015–2022 (USD Million)
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