Analytical Standards Market worth $1.7 billion by 2025

Analytical Standards Market

The global analytical standards market size is projected to reach USD 1.7 billion by 2025 from USD 1.3 billion in 2020, at a CAGR of 6.3% during the forecast period.

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.

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

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.