Growing applications of analytical techniques in proteomics and metabolomics advancing the Analytical Standards Market

Posted on 2021-05-04 by MarketsandMarkets in Biotech, Pharmaceuticals // 0 Comments

The Analytical Standards Market size is estimated to be USD 1.3 billion in 2020 and projected to reach USD 1.7 billion by 2025, at a CAGR of 6.3%. 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.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=8484789

The analytical standards market includes major Tier I and II suppliers like Merck KGaA (Germany), 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), Mallinckrodt (UK), US Pharmacopeial Convention (US), Cayman Chemical Company (US), RICCA Chemical Company (US), GFS Chemicals, Inc. (US), and Chiron AS (Norway), among others. These suppliers have their manufacturing facilities spread across regions such as North America and Europe. 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.

Increasing importance of chromatography tests in drug approvals result in the segment occupying a high share of the analytical standards market

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.

Pharmaceutical & life sciences analytical standards estimated to be the growing market

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.

Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=8484789

Asia Pacific likely to emerge as the fastest-growing analytical standards market, globally

Geographically, the emerging Asian countries, such as China, India, South Korea, Taiwan, and Singapore, are offering high-growth opportunities for market players. The Asia Pacific analytical 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 India, an increasing number of bioclusters, high use of analytical technologies in Japan, and the growing biotechnology, biomedical, and pharmaceutical industries in China are driving the growth of the APAC analytical standards market.

Prominent players in this market include Merck KGaA (Germany), 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 Mallinckrodt (UK).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Matched content

Editor’s pick