They provide a reference to determine unknown concentrations or to calibrate analytical instruments. The accuracy of a system compared to how close a result comes to the actual value. To ascertain the accuracy of a measurement usually requires calibration of the analytical method with a known analytical standard of life sciences. This measurement is often done with standards of several concentrations to make a calibration or working curve. The analytical life standards are in two forms namely organic and inorganic. Organic, analytical standards used for biochemical reactions.
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Standard errors during a reaction and decreasing acceptance of analytical standards are the restraints on the growth of the analytical standards for life sciences market.
Type
- Organic Standards
- Inorganic Standards
End-user
- Pharmaceutical and Biotechnological companies
- Research Organizations
- CRO’s & CRM’s
- Research Institutes
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All these factors are increasing the demand for the analytical standards. Along with these factors, increasing funding in life sciences, bio cluster developments in various countries, the shift of outsourcing from developed countries to emerging economies, increased number of chromatography based research, increase in need of analytical standards in the life sciences contributing to the robust growth of the analytical life sciences market. The future is anticipated to growth with double CAGR during the forecast period.
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Europe and Asia-pacific are the fastest growing market in analytical standards for life sciences due to changing government policies and increasing manufacturers in these regions. The Middle East and Africa regions and Latin America are also showing significant growth during the forecasted period.
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