Analytical Standards Market

The report "Analytical Standards Market by Technique (GC, LC, TLC, IR, MS, NMR, Titrimetry), Category (Organic, Inorganic), Method (Bioanalytical, Dissolution), Application (F&B, Environmental, Pharma, Clinical Diagnostic, Forensics), Region - Global Forecast to 2030", size is projected to reach USD 2.16 billion by 2030 from USD 1.53 billion in 2024, growing at a CAGR of 5.9% during the forecast period.

Browse 422 market data Tables and 56 Figures spread through 409 Pages and in-depth TOC on "Analytical Standards Market by Technique (GC, LC, TLC, IR, MS, NMR, Titrimetry), Category (Organic, Inorganic), Method (Bioanalytical, Dissolution), Application (F&B, Environmental, Pharma, Clinical Diagnostic, Forensics), Region - Global Forecast to 2030"
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The major factors driving the market growth of the analytical standards market include increasing adoption of analytical techniques in pesticide monitoring, the rising R&D investment for research and impending patent cliff. The growing safety standards for pharmaceutical and biotechnology industries are further high growth prospects for the analytical standards market during the forecast period. Moreover, the intense competition among players can support brand protection efforts. The development of new drugs adhering to GMP regulations provide opportunities for market growth

The spectroscopy segment is to register a significant growth over the forecast period of 2024-2030.

Based on the technique, over the forecast period of 2024-2030, the spectroscopy segment is to register a significant growth. The analytical standards market is segmented into spectroscopy, chromatography, titrimetry and physical property testing. The analytical standards ‘spectroscopy’ market includes mass spectroscopy, atomic absorption spectroscopy, IR spectroscopy, nuclear magnetic resonance spectroscopy, X-ray fluorescence/diffraction spectroscopy and UV/Vis spectroscopy. The key factors encouraging the growth of spectroscopy segment during the forecast period are the increased adoption of drug development R&D and the rising use of spectroscopic techniques across a broad range of application areas.

The pharmaceutical & life sciences standards segment accounted for the largest share of analytical standards in 2024-2030.

Based on application, during the forecast period, the pharmaceutical & life science standards segment is anticipated to dominate the analytical standards market, holding the largest market share. The pharmaceutical & life science standards segment commands a significant share due to the stringent regulations, increasing focus on quality control and increasing awareness for pharmaceutical & life sciences analytical standards across key markets (such as the US, Europe, China, India, and the Middle East).

Asia Pacific registered the highest CAGR in the market during the forecast period.

In 2024, Asia Pacific is expected to register the highest CAGR in the market for analytical standards during the forecast period. Asia Pacific comprises China, India, South Korea, Taiwan, and Singapore, and the rest of Asia Pacific. Factors such as the presence of stringent regulatory policies for food and drug safety and the growth of the biotechnology and pharmaceutical industries are driving the growth of the APAC analytical standards market during the forecast period.

As of 2023, prominent players in analytical standards are Merck KGaA (Germany), Agilent Technologies, Inc. (US), Waters Corporation (US), LGC Limited (UK), PerkinElmer (US), Restek Corporation (US), SPEX CertiPrep (US), AccuStandard (US), Thermo Fisher Scientific, Inc. (US), Mallinckrodt (UK), The United States Pharmacopeial Convention (US), Cayman Chemical (US), RICCA Chemical Company (US) and GFS Chemicals, Inc. (US) among others.

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