Global Analytical Standards Market Size 2024, Forecast To 2033

The analytical standards market size has grown strongly in recent years. It will grow from $1.57 billion in 2023 to $1.69 billion in 2024 at a compound annual growth rate (CAGR) of 7.1%. The growth in the historic period can be attributed to emerging markets growth, the stringent regulatory scenario in the pharmaceutical industry, the increasing strict quality regulations for drug manufacturers, the expansion of pharmaceutical and biotechnology industries worldwide and the increased adoption of analytical techniques in pesticide monitoring. The analytical standards market size is expected to see strong growth in the next few years. It will grow to $2.21 billion in 2028 at a compound annual growth rate (CAGR) of 7.0%. The growth in the forecast period can be attributed to the government support, the improving healthcare infrastructure/expenditure, the rising public concerns related to optimal food safety and quality, the greater regulatory emphasis on effective pollution monitoring and control and patent expiry for major pharmaceutical drugs. Major trends in the forecast period include the government support, the improving healthcare infrastructure/expenditure, the rising public concerns related to optimal food safety and quality, the greater regulatory emphasis on effective pollution monitoring and control and patent expiry for major pharmaceutical drugs.