USD 1.32 billion
Analytical Standards Market Size, Share, Growth Analysis, By Category (Organic Standards, Semi-Volatile Organic Compounds), By Technique, By Methodology, By End User Industry, By Region - Industry Forecast 2025-2032
Report ID:
SQMIG20Q2007 |
Region:
Global |
Published Date: December, 2024
Pages:
265
|Tables:
124
|Figures:
77
Analytical Standards Market Insights
Analytical Standards Market size was valued at USD 1.44 Billion in 2023 and is poised to grow from USD 1.55 Billion in 2024 to USD 2.76 Billion by 2032, growing at a CAGR of 7.7% during the forecast period (2025-2032).
A compound of known concentration and high purity is referred to as an analytical standard, and it is used as a calibration standard for a specific assay. In essence, analytical standards are the unique guidelines that help manufacturers meet their goals. They are utilised in order to achieve that ideal growth to assess the product quality, effectiveness, and purity of the drug being produced by numerous pharmaceutical companies. These analytical standards are widely used in a variety of end-use industries, including forensics, veterinary medicine, petrochemistry, environmental testing, food and beverage testing, pharmaceutical testing, and life sciences testing.
Rising safety concerns in the food and pharmaceutical industries, technological advancements resulting in the development of new products, and expanding environmental safety concerns are the main factors driving this market's growth. Furthermore, the players in the market for analytical standards have a lot of room to grow thanks to significant opportunities from an emerging market, a thriving biosimilars sector, and ongoing improvements in separation techniques.
Some analytical methods that are most frequently used in food quality testing and quality control are spectroscopy and chromatography. As highly specialised, extremely sensitive methods for testing food products with high accuracy, liquid chromatography/mass spectrometry (LC/MS/MS) and gas chromatography/mass spectrometry (GC/MS) techniques are gaining popularity.
US Analytical Standards Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Chromatography
Fastest Growth
Chromatography
Growth Rate
6.5% CAGR
Global Analytical Standards Market, 2021-2028 ($ Bn)
Country Share for North America Region- 2021 (%)
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Analytical Standards Market Segmental Analysis
Global Analytical Standards Market is segmented by category, technique, methodology, end user industry and region. Based on category, the market is segmented into organic standards (volatile organic compounds (VOCs), semi-volatile organic compounds (SVOCs), Pesticides, pharmaceuticals) and inorganic standards (metals, anions, cations). Based on technique, the market is segmented into chromatography standards (gas chromatography (GC), liquid chromatography (LC), ion chromatography (IC)), spectroscopy standards (atomic absorption spectroscopy (AAS), inductively coupled plasma (ICP), ultraviolet-visible (UV-Vis) spectroscopy), titrimetry standards (acid-base titration, redox titration, complexometric titration) and physical properties testing standards (melting point standards, boiling point standards, density standards). Based on methodology, the market is segmented into quantitative analysis (calibration standards, internal standards) and qualitative analysis (reference standards, system suitability standards). Based on end user industry, the market is segmented into Food and Beverages, Veterinary, Petrochemistry, Environmental, Pharmaceutical and Life Sciences, Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Analytical Standards Market Analysis by Technique
Chromatography segment held the highest market share in 2022 and is expected to continue this trend during the forecast period. The dominance of this technique can be explained by its excellent performance in the identification and separation of impurities using the simplest procedures. They use a quick and accurate method that includes a variety of components to separate samples in different forms.
The demand for various types of chromatography, including liquid chromatography, gas chromatography, and others, has increased as a result of the accessibility of equipment, reagents, and reference standards. The large number of people who suffer from chronic illnesses and the growing demand for new medications.
Analytical Standards Market Analysis by Application
The environmental analysis segment accounted for the highest market share in 2022. The market expansion is driven by an increasing emphasis on environmental regulatory standards, rising pollution levels, and a growing demand for a clean environment as a result of declining environmental quality.
During the forecast period, the microbiology testing segment is anticipated to grow at the fastest CAGR. This expansion is primarily the result of the expanding biopharmaceutical sector and the quickening development of biologics and small molecules. Biopharmaceutical development has significantly increased over the past few years. Due to their structural complexity, biopharmaceutical products differ from batch to batch naturally and are made up of heterogeneous mixtures.
Global Analytical Standards Market Size By Technique, 2021 (%)
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Analytical Standards Market Regional Insights
North America accounted for a largest market share owing to presence of a large number of key players, higher affordability, and supportive government initiatives to create novel drugs. An increasing prevalence of communicable diseases results in the need to produce high-quality medicines and other goods with improved safety measures in a shorter amount of time. As a result, the need for analytical standards for novel molecules in development increases.
Additionally, it is predicted that the number of diagnostic centres and the increased adoption rate of advanced infrastructure by analytical testing companies will boost the market in the region. The growing prevalence of variety of diseases, the rise in clinical trials, the rising cost of healthcare, the increase in funding for drug development and research, and the emphasis on analytical testing of biologics and biosimilars are all factors contributing to the Canadian market growth.
Asia Pacific is expected to grow at a high CAGR during the forecast period. This can be attributed to the expanding pharmaceutical industry, supportive government programmes, and environmental safety concerns. The demand for analytical standards in the food and beverage industry is being driven by rising rates of foodborne infection in Asian nations. Asia Pacific's untapped healthcare potential, the growth of life sciences, and the region's biotech infrastructure all present promising prospects for the market for analytical standards. Additionally, Asian nations exhibit a demand for analytical standards in the food and beverage industries due to the massive growth of infections.
Global Analytical Standards Market By Geography, 2021-2028
- Largest
- Fastest
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Analytical Standards Market Dynamics
Analytical Standards Market Driver
Growing Applications in Proteomics and Metabolomics
- The significant factors driving growth of the analytical standards market include the expanding applications of analytical standards in proteomics and metabolomics as well as the rising global importance of pollution control monitoring. Additionally, encouraging government initiatives, growing public concerns about the best possible food safety and quality, increased emphasis on healthcare quality, and a growing need to check the patent expiration of patented products all contribute to the overall market growth. It is also anticipated that the increased regulatory emphasis on efficient pollution monitoring and control will accelerate market expansion overall during the forecast period.
- Globally, food contamination poses serious threats to life. Foodborne illnesses, mercury poisoning, allergic reactions, and food intoxication can all result from eating contaminated or unsafe food. Food testing labs frequently use methods like mass spectrometry, chromatography, and other analytical techniques to look for adulteration and guarantee food safety which is driving market growth. Additionally, research organisations partner with significant market participants to use their cutting-edge product offerings to guarantee the safety of food.
Analytical Standards Market Restraint
Low Awareness to Hamper Market Growth
- The market expansion is hindered by factors like the low public awareness of efficient pollution monitoring techniques. Various respiratory infections, respiratory diseases, allergic reactions, and cancer are all caused by the rising pollution levels. Serious environmental changes like decreased crop yields, altered weather patterns, and the greenhouse effect are also brought on by environmental degradation.
- Government initiatives and the effects of air and water pollution on health are widely known. Despite there is a huge lack of interest for conducting pollution monitoring tests carried out using analytical techniques such as liquid chromatography, gas chromatography, and IR/UV spectrometry.
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Analytical Standards Market Competitive Landscape
Global analytical standards market is moderately fragmented due to the presence of prominent players in the market landscape. Major players use product quality offered and technology employed to produce high performance poly amides as the basis for competition. Major players include Restek Corporation, Mallinckrodt Pharmaceuticals, GFS Chemicals Inc, LGC Group and Merck KGaA. They use various strategies such as mergers and acquisition, collaboration and strategic partnership and new product development and launches to fortify their consumer base and plan for market expansion and growth.
Analytical Standards Market Top Player’s Company Profile
- Merck KGaA
- Agilent Technologies, Inc.
- Thermo Fisher Scientific Inc.
- PerkinElmer, Inc.
- Waters Corporation
- Restek Corporation
- LGC Standards
- Spex CertiPrep
- AccuStandard, Inc.
- Cayman Chemical Company
- Sigma-Aldrich Corporation
- Chiron AS
- GFS Chemicals, Inc.
- High-Purity Standards
- Inorganic Ventures, Inc.
- Mallinckrodt Pharmaceuticals
- NSI Lab Solutions
- Absolute Standards, Inc.
- RTC, Inc.
- Analytical Standards & Chemicals Pvt. Ltd.
Analytical Standards Market Recent Developments
- With empowerment from IDA Ireland in 2022, Waters Corporation announced a combined investment of up to €6 million to expand its operations in Drinagh, Wexford and finance the research and development (R&D) of new clinical diagnostics products. Through 2024, the operational expansion at the Wexford facility will add new scientific jobs.
- Bio-Rad introduced EconoFit low-pressure prepacked chromatography column packs to help with rational screening experiments in the creation of protein purification workflows in 2022
Analytical Standards Key Market Trends
- Adoption of Analytical Standards in Manufacturing Industry: Manufacturers and distributors of clinical microbiology products should experience significant growth opportunities over the course of the forecast period as a result of emerging markets. The rising incidence of infectious diseases like HIV, tuberculosis, influenza, and malaria as well as increased R&D efforts to create cutting-edge genomic techniques for effective disease diagnosis in developing countries can be credited for this.
- Adoption of Analytical Standards in Healthcare Industry: Improvements in the healthcare infrastructure, rising healthcare spending, and rising availability and affordability of low-cost clinical microbiology products all contribute to the growth of these markets. Several government initiatives have been launched in emerging markets (particularly in China and India) to strengthen and expand the healthcare infrastructure, in keeping with the general trend.
Analytical Standards Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to Global Analytical Standards Market analysis report, the development of novel clinical techniques and the expansion of the healthcare infrastructure in developing nations are anticipated to create lucrative market opportunities. The demand for testing to uphold the highest standards of quality in the food industry has been fueled by the growth of industrialization and the financial assistance provided by central agencies for pollution prevention and control. The analytical standards market is also being driven by an increase in awareness of safety precautions.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 1.32 billion |
| Market size value in 2031 | USD 2.47 billion |
| Growth Rate | 6.5% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
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| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Analytical Standards Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Analytical Standards Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Analytical Standards Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Analytical Standards Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Analytical Standards Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Analytical Standards Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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