TMCnet News
Analytical Standards Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2022LONDON, Oct. 17, 2017 /PRNewswire/ -- Global Analytical Standards Market: Overview The analytical standards market forms a key component of the life sciences industry and has become increasingly important due to the steady growth of industries such as healthcare and pharmaceuticals in recent years. The increased scrutiny given to these industries, due to the vital impact they have on consumers has led to increased demand from the analytical standards market. The analytical standards industry has thus also become important for the food and beverage industry in recent years. The increasing number of public-private partnerships in the pharmaceuticals industry is likely to aid the analytical standards market's growth in the coming years. The importance of the pharmaceuticals industry to ensuring a healthy citizen demographic has made several emerging countries eager to invest in the industry hoping for sustained beneficial output. This has driven steady investment in the analytical standards market in recent years and is likely to remain a major contributor to the market in the coming years. Global Analytical Standards Market: Segmentation By product type, the global analytical standards market is segmented into organic and inorganic standards. Organic analytical standards dominate the global analytical standards market at present, accounting for more than 70% of the global market in 2017. The segment is likely to rise to a valuation of US$1,144.8 mn by 2022, with its market share also likely to rise slightly to 71.2% over the forecast period. Geographically, North America dominated the global analytical standards market due to the presence of several leading players in the pharmaceutical, healthcare, and food and beverage industries. The North America market for analytical standards was valued at US$371.3 mn in 2017 and is likely to rise to more than US$500 mn by the end of the 2017-2022 forecast period. The 6.1% CAGR expected of the North America analytical standards market is the highest of all geographical segments, further underlining the region's importance to global market figures in the analytical standards industry. Further, Europe is also a leading contributor to the global analytical standards market, the region accounting for 25.9% of the global revenue of the analytical standards market. Global Analytical Standards Market: Competitive Dynamics Leading players in the global analytical standards market include Accustandard Inc., Cayman Chemical Company, GFS Chemicals Inc., Chiron AS, Agilent Technologies Inc., GE, Mallinckrodt Pharmaceuticals, Merck KGaA, LGC Standards, and Perkinelmer Inc. The competition in the analytical standards market is likely to intensify in the coming years due to the steady funding available in the market, which could lead to steady entry of new players. Download the full report: https://www.reportbuyer.com/product/5143332 About Reportbuyer Reportbuyer is a leading industry intelligence solution that provides all market research reports from top publishers https://www.reportbuyer.com For more information: Sarah Smith Research Advisor at Reportbuyer.com Email: [email protected] Tel: +44 208 816 85 48 Website: www.reportbuyer.com View original content:http://www.prnewswire.com/news-releases/analytical-standards-market--global-industry-analysis-size-share-growth-trends-and-forecast-2017---2022-300538538.html SOURCE ReportBuyer |