Latest News- Analytical Standards Market: Chromatography is expected to lead the Type segment during 2024-2028

The Analytical Standards Market is being driven by Rapid growth in life science industry

The Analytical Standards Market is expected to grow at a CAGR of 6.78% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 657.8 million. In the analytical standards market, vendors have distinguished themselves by mastering custom synthesis through various reagent synthesis methods. These companies maintain inventories of custom synthetic products, enabling prompt backorders. Seamless scale-up options are prioritized by leading analytical reagent manufacturers, ensuring efficient transport of custom synthetic materials to large-scale manufacturing facilities and GMP sites. AccuStandard is one such organization specializing in the production of high-purity chemicals, used as reference standards, through specialized synthesis. Custom synthesis offerings span from milligrams to kilograms, with a focus on producing previously unavailable standards for organic pollutants and their metabolites. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Type
  • Chromatography
  • Spectroscopy
  • Titrimetry
  • Physical properties testing
• Application
  • Food and beverages
  • Pharmaceuticals and life sciences
  • Environmental
  • Others
• Methodology
  • Bioanalytical testing
  • Stability testing
  • Raw material testing
  • Dissolution testing
  • Others
• Geography
  • North America
    • US
  • Europe
    • Germany
    • UK
  • APAC
    • China
    • India
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Rapid growth in life science industry
• Increased public interest in optimal food safety and quality
• High demand for analytical standards in research institutes

However, the market also witnesses some limitations, which are as follows:

• Limited shelf life of analytical standards
• Regulatory changes for drugs and food products
• High cost of custom analytical standards

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Market Scope in Analytical Standards Market Research Report

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Research Analysis Overview

The Analytical Standards Market encompasses a wide range of products and solutions used in various industries for ensuring accuracy and consistency in chemical and biological analyses. Key players in this market include CD Bioparticles and ThermoFisher Scientific. The FDA plays a crucial role in regulating the use of analytical standards in the Pharmaceutical and Veterinary Drug sectors, particularly in the development and production of Chronic Diseases and Cancers treatments. Gas Chromatography (GC) and Liquid Chromatography (LC) are common analytical techniques used in industries such as Petrochemical and Food testing for Physical property testing and Quality control. Titrimetry and Calibration standards are essential for precise measurements, while ISO standards and Accreditations ensure adherence to international quality norms. Spectroscopy, Mass spectrometry, Chromatography, Titration, and other analytical techniques are used in various applications, including the diagnosis and treatment of Respiratory diseases and Respiratory infections. Food safety is another critical area where analytical standards play a significant role, with applications in Metabolomics and Proteomics research. ThermoFisher Scientific, a leading provider of analytical solutions, offers a comprehensive range of products for various industries, including FDA-regulated sectors, Petrochemical, Food testing, and Research institutions. Their offerings include GC and LC columns, calibration standards, and solutions for Titration, Spectroscopy, and Mass spectrometry.

Market Research Overview

The global life sciences tools and services market encompasses companies and offerings involved in the research and development (R&D) of a range of product categories. These include capital equipment, instruments, accessories, and consumables utilized in the production of pharmaceuticals, biotechnology products, and laboratory diagnostics for various diseases. Additionally, this market covers life sciences-related services such as contract research, manufacturing, and sales. According to Technavio, the healthcare industry's size is determined by the consolidated revenue generated by manufacturers of equipment, supplies, pharmaceuticals, biotechnology, and life science tools and services. Factors driving the expansion of the global life science tools and services market include the growing elderly population, with the proportion of individuals aged 60 and above projected to rise substantially.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
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