Analytical Standards Market Size, Share & Growth Trends

Healthcarenews06 May, 2024Business

The global analytical standards market is projected to growth at a CAGR of 6.9%, rising from $1.5 billion in 2023 to $2.1 billion by 2028. Analytical standards, which are certified reference materials used to validate analytical methods and instruments, are seeing escalating demand across multiple end-use sectors. North America and Europe dominated the analytical standards market in 2022, the Asia-Pacific region is projected for the highest CAGR from 2023-2028. Factors driving APAC growth include increased industrial and environmental testing requirements, expanding pharmaceutical sectors, and rising food security concerns.