What is the global market size of the Analytical Standards Market?

Global Analytical Standards Market size was valued at USD 1.34 billion in 2021 and is poised to grow from USD 1.44 billion in 2022 to USD 2.56 billion by 2030, growing at a CAGR of 7.7% in the forecast period (2023-2030).

What is the key market trend for the Global Analytical Standards Market?

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. 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.

Which region accounted for the largest share in the Global Analytical Standards Market?

North America held the highest global analytical standards market share. Due to a large number of key players, higher affordability, and supportive government initiatives to create novel drugs, the highest revenue can vary. 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 a 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.

Analytical Standards Market Size, Share, Growth Analysis, By Category(Organic, Inorganic), By Technique(GC, MS, LC, IR), By Method(Bioanalytical, Dissolution, Material testing), By Application(Food, Beverages, Forensics, Veterinary), By Region - Industry Forecast 2024-2031

Q: Who are the key vendors in the Global Analytical Standards Market?

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 player 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. 'Merck KGaA', 'Agilent Technologies, Inc.', 'Waters Corporation', 'LGC Limited', 'PerkinElmer, Inc.', 'Restek Corporation', 'Cayman Chemical Company', 'SPEX CertiPrep', 'AccuStandard, Inc.', 'Thermo Fisher Scientific, Inc.', 'Cerilliant Corporation', 'Inorganic Ventures', 'Chiron AS', 'VHG Labs, Inc.', 'GFS Chemicals, Inc.', 'Alfa Aesar, a Johnson Matthey Company', 'Mallinckrodt Pharmaceuticals', 'RICCA Chemical Company', 'Sigma-Aldrich Corporation', 'Chem Service, Inc.'

Report ID: SQMIG20Q2007 | Region: Global | Published Date: February, 2024
Pages: 265 | Tables: 124 | Figures: 77

Analytical Standards Market Insights

Analytical Standards Market size was valued at USD 1.34 billion in 2019 and is poised to grow from USD 1.44 billion in 2023 to USD 2.56 billion by 2031, growing at a CAGR of 7.7% in the forecast period (2024-2031).

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.

Analytical Standards Market Report Snapshots

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FAQs

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. 'Merck KGaA', 'Agilent Technologies, Inc.', 'Waters Corporation', 'LGC Limited', 'PerkinElmer, Inc.', 'Restek Corporation', 'Cayman Chemical Company', 'SPEX CertiPrep', 'AccuStandard, Inc.', 'Thermo Fisher Scientific, Inc.', 'Cerilliant Corporation', 'Inorganic Ventures', 'Chiron AS', 'VHG Labs, Inc.', 'GFS Chemicals, Inc.', 'Alfa Aesar, a Johnson Matthey Company', 'Mallinckrodt Pharmaceuticals', 'RICCA Chemical Company', 'Sigma-Aldrich Corporation', 'Chem Service, Inc.'

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 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.

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.

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.

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Analytical Standards Market Size, Share, Growth Analysis, By Category(Organic, Inorganic), By Technique(GC, MS, LC, IR), By Method(Bioanalytical, Dissolution, Material testing), By Application(Food, Beverages, Forensics, Veterinary), By Region - Industry Forecast 2024-2031

Analytical Standards Market Insights

Analytical Standards Market Report Snapshots

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What is the market size of Analytical Standards Market?

Who are the key vendors in the Analytical Standards Market?

What is the key driver of Analytical Standards Market?

What is the key market trend for Analytical Standards Market?

Which region accounted for the largest share in Analytical Standards Market?

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