According to Report, global analytical standards market was valued at more than US$1.2 bn in 2017 and is likely to rise steadily in the 2017-2022 forecast period at a robust single-digit CAGR.
Albany, NY -- (SBWIRE) -- 10/10/2017 -- In the past few years, the analytical standards market has been acting as a key component of the life sciences industry and has further gained importance due to the steady growth of industries such as healthcare and pharmaceuticals. To study in-depth about the analytical standards market, Market Research Hub (MRH) has included a new report titled "Analytical Standards Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017", to its vast research database. The report provides a careful look at the growth dynamics of the global analytical standards market, with a stern focus on the various market regions across the globe.
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It has been analyzed that, the analytical standards industry has become quite crucial for the food and beverage industry since the past few years. This serves as a vital growth factor which has been enclosed in this intelligent report. The study starts with the market overview that covers market taxonomy, definition as well as market size and forecast, 2012-2022. Readers can even access details about Y-o-Y growth analysis, which is needed to understand the global analytical standards market. This section even talks about the market dynamics such as drivers, restraints and trends. Knowledge about cost structure, supply chain and pricing analysis can be acquired through this well-framed report.
The following section deals with the market segmentation based on different factors. By product type, the global analytical standards market is bifurcated into organic and inorganic standards. As per report statistics, organic analytical standards is dominating the global analytical standards market at present, possessing more than 70% of the overall market in 2017. Moreover, this segment is expected to grab a revenue of US$1,144.8 mn by 2022. Geographically, North America manages to dominate the global analytical standards market due to the availability of several leading players from the healthcare, pharmaceutical and food and beverage industries. Moreover, the market in this region is valued at US$371.3 mn in 2017 and is anticipated to rise to more than US$500 mn by the end of the forecast period, 2017-2022.
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The concluding section focuses on the analysis of the leading players from the global analytical standards market such as Accustandard Inc., GFS Chemicals Inc., Chiron AS, Agilent Technologies Inc., GE, Cayman Chemical Company, Mallinckrodt Pharmaceuticals, LGC Standards, Perkinelmer Inc. and Merck KGaA. Each of the companies are studied on the basis of company overview, key developments, product sales data and key financials.
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