Analytical Standards Market report forecasts high growth by 2024 according to new research report

Zion Market Research, the market research group announced the analysis report titled  ‘Analytical Standards Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024’

Global Analytical Standards Market: Overview

The specific property used to scale purity and quality of the drug and formulated medicine is called as an analytical standard. By assimilating methods, formulations, and drugs, they provide safety, efficacy, and quality medicines. Reagents and standards are the main components used in order to achieve optimal performance and compliance with the help of analytical instrumentation. However, technical and regulatory requirements for testing, preparation, and documentation of analytical standards and reagents become complex and time-consuming. In order to standardize the analytical method, the standard amount of the analyte is used. Hence, the accuracy of standardization mainly depends on the quality of glassware and reagents used.

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Global Analytical Standards Market: Growth Factors

The major growth factors of the global analytical standards market are stringent environmental regulation set by the government in the pharmaceutical industry and growing food safety concerns across the world. Other business strategies such as geographic expansions and penetration of the market, new product launches, streamline manufacturing capabilities, collaboration, merger, agreement, acquisition are anticipated to open up new growth opportunities in the global market. Conversely, lack of skilled professionals and huge capital investment required for the analytical instruments and standards may hinder the global analytical standards market to some extent.

Global Analytical Standards Market: Segmentation

The global analytical standards market is segmented based on the application as food & beverages, veterinary, pharmaceutical and life science, petrochemistry, environment, and forensics. The food & beverage segment is sub-segmented as genetically modified organisms (GMO), flavors and fragrances, mycotoxins, food additives, fatty acids/FAME/lipids, carbohydrates, and peptides/amino acids. Of these, pharmaceutical and life sciences segment is the dominating segment across the globe due to increased pharmaceutical & life science R&D spending and stringent regulation are implemented for the pharmaceutical industry. On the basis of technique, the global market is categorized as physical properties testing, spectroscopy, titrimetry, and chromatography. Of these, chromatography segment is the largest in the global analytical standards market due to growing food safety concerns.

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Global Analytical Standards Market: Regional Analysis

North America holds the largest market share in the global market due to increasing life science research funding. Other factors such as a large number of ongoing clinical trials and government support for the huge spending on the research activities are projected to propel the global market growth. Europe is following the same trend and is expected to continue its dominance in the near future, owing to the outsourcing of clinical trials from developed nations to this region. Asia-Pacific is expected to grow at a faster rate owing to the development of clusters in various countries.

Global Analytical Standards Market: Competitive Players

Major players operating in the global analytical standards market are Spex Certiprep, Agilent Technologies Inc., Waters Corporation, Restek Corporation, Cayman Chemical Company, and Ricca Chemical Company. Other players in the global market include Sigma-Aldrich Co. Llc., Accustandard Inc., Merck KGAA, and Lgc Standards.

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Analytical Standards Market by Geographical Analysis: North America( U.S.), Europe( UK, France, Germany), Asia-Pacific (China, Japan, India), Latin America( Brazil), Middle East and Africa

Our value reports provide full, in-depth analysis of the parent market including most significant changes in market dynamics; the report also presents the detailed overview on segmentation of this market. We managed to present as many important information in essential form – thanks to our report You will learn more about former, on-going, and projected market analysis in terms of volume and value, assessment of niche industry developments and Market share analysis. We have not forgotten to present key strategies for major players, emerging segments and regional markets and last but not least, testimonials to companies in order to fortify their foothold in the market

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