Analytical Standards Market, By Category (Organic, Inorganic), Technique (Chromatography, Spectroscopy, Titrimetry and Physical Properties Testing), By Method (Bio analytical, Dissolution, Material Testing), By Application (Food, Environmental, Pharmaceutical, Forensics) and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2032

Report Code: PMI502222 | Publish Date: May 2023 | No. of Pages: 170

Analytical Standards Market Overview

An analytical standard is a compound of high purity and known concentration that is used as a calibration standard for a given assay, Analytical standards are used to determine the purity and safety of drugs and drug preparations. Analytical criteria are used to test or calibrate an analyzer, these guidelines are important to achieve the best results and ensure compliance. Analytical chemistry plays an important role in everyday life, it helps to measure simple medical tests like serum cholesterol, urine ketones and blood glucose levels and analytical techniques help to determine the level of toxic wastes in the body like uric acid, cholesterol, Medicines and some salts. An internal standard in analytical chemistry is a chemical substance added to samples in constant amounts, blanks and calibration standards in chemical analysis, used to correct losses of the analyte during sample preparation, injection, and ionization. Standards are materials containing a known concentration of analyte, used as a reference to determine unknown concentrations or to calibrate analytical instruments.  Accuracy of an analytical measurement is how close the result comes to the true value, determining the accuracy of the measurement usually requires calibration of the analytical method with known standards. This is often done with several concentration standards to produce a calibration or working curve. Standards are used to confirm the presence of components in a mixture, to increase the accuracy of a quantitative analysis, to test or calibrate an analyzer, and for other purposes. Analytical standards are offered for chromatography, electrophoresis, microscopy, spectroscopy, titration and beverages, standardized reference materials, GMO standards, cosmetic, forensic and veterinary. Increasing use of analytical standards in proteomics and metabolomics along with pollution control monitoring is increasing globally, these are the major factors driving the growth of the analytical standards market during the forecast period. The market for analytical standards is driven by the growth in the development of latest analytical technologies and the increase in the number of clinical trials conducted globally.

Attributes

Details

Analytical Standards Market Value (2022)

US$ 1.5 Bn

Analytical Standards Market Projected  Value(2032)

US$ 2.8 Bn

Analytical Standards Market CAGR (2022-2032)

8.8%

Analytical Standards Market Dynamics

The growth of the analytical standards market is primarily driven by the stringent regulatory environment in the pharmaceutical industry and increasing public-private investments for various researches. Widespread use of life science reagents and analytical standards in the biopharmaceutical industry for the development of various biomarkers, biological drug production, drug discovery and therapeutic drug monitoring is likely to increase the demand for analytical standards during the forecast period. Furthermore, stringent regulations for life science research and process validation and standardization are increasing the demand for analytical standards. And on the other side, the high cost of custom analytical standards and development of analytical standards to disrupt the analytical standards market. The dominance of local players offering a wide range of analytical standards at low cost is influencing the market of major players, thus restraining the growth of the analytical standards market to some extent.

Technological advancement

New techniques such as mass spectrometry, chromatography and other analytical techniques are widely used in food testing laboratories to detect adulteration and ensure food safety. Globally, government authorities in many developed and developing nations are introducing stricter regulations related to biotechnology and pharmaceutical manufacturing activities. In 2020, Waters Corporation established a research and development laboratory in Massachusetts for the innovation of analytical instruments and its consumables, which will strengthen the product portfolio of analytical products (including analytical standards). The products involved in the analytical standards market are developing advanced versions of their products due to new age technological advancements. Analytical standards major players are investing more in power systems and creating more modern, time-saving, cost-effective technologies that are positively impacting the analytical standards market.

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Analytical Standards Market Segmentation

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

The Analytical Standards Market is segmented based on category, technique, method, application, and region.

On the basis of Category, the Analytical Standards Market is segmented into Organic, Inorganic. On the basis of technique, the target market is classified into Chromatography, Spectroscopy, Titrimetry and Physical Properties Testing. On the basis of method, the Analytical Standards Market is segmented into Bio analytical, Dissolution, and Material Testing. On the basis of application, the target market is classified into Food, Environmental, Pharmaceutical, and Forensics.

Regional Insights:

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

On region the Analytical Standards Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Analytical standards market in North America is projected to retain its prominent position during the forecast period due to several factors including increase in number of research activities, existence of several leading companies and advanced healthcare industry in the region.

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Report Scope:

Attribute

Details

Base year for estimation

2022

Forecast period

2022 – 2032

Market representation

Revenue in USD Billion & CAGR from 2022 to 2032

Market Segmentation

By Category - Organic, Inorganic

By Technique - Chromatography, Spectroscopy, Titrimetry and Physical Properties Testing

By Method - Bio analytical, Dissolution, Material Testing

By Application - Food, Environmental, Pharmaceutical, Forensics

Regional scope

North America - U.S., Canada

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2022 to 2032. For the purpose of this study, has segmented the Analytical Standards Market report based on category, technique, method, application, and region:

Analytical Standards Market, By Category:

  • Organic
  • Inorganic

Analytical Standards Market, By Technique:

  • Chromatography
  • Spectroscopy
  • Titrimetry
  • Physical Properties Testing

Analytical Standards Market, By Method:

  • Bio analytical
  • Dissolution
  • Material Testing

Analytical Standards Market, By Application:

  • Food
  • Environmental
  • Pharmaceutical
  • Forensics

Analytical Standards Market, By Region:

      • North America
          • U.S.
          • Canada
      • Europe
          • Germany
          • UK
          • France
          • Russia
          • Italy
          • Rest of Europe
      • Asia Pacific
          • China
          • India
          • Japan
          • South Korea
          • Rest of Asia Pacific
      • Latin America
          • Brazil
          • Mexico
          • Rest of Latin America
      • Middle East & Africa
          • GCC
          • Israel
          • South Africa
          • Rest of Middle East & Africa

Analytical Standards Market Key Players

The key players operating the Analytical Standards Market includes, Merck KGaA, Chiron AS, LGC Standards, Waters Corporation, Agilent Technologies, Thermo Fisher Scientific Inc., PerkinElmer Inc., Restek Corporation, RICCA Chemical Company, and GFS Chemicals.

Analytical Standards Market Company Profile

  • Merck KGaA*
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Chiron AS
  • LGC Standards
  • Waters Corporation
  • Agilent Technologies
  • Thermo Fisher Scientific Inc.
  • PerkinElmer Inc.
  • Restek Corporation
  • RICCA Chemical Company
  • GFS Chemicals.

 “*” marked represents similar segmentation in other categories in the respective section

Recent Developments:

  • In December 2022, the United States Pharmacopoeia and Flow Corporation opened new laboratories in the Advanced Pharmaceutical Development Center in December, the pair promoting continuous manufacturing in the pharmaceutical industry.
  • In August 2022, Agilent Technologies Inc. announced in August that it had acquired Polymer Standard Services GmbH, a company providing solutions in the field of polymer characterization.
  • In 2020, LGC Group launched the VALIDATE hsTnT kit, VALIDATE Fibrinogen and VALIDATE Procalcitonin kits.

Analytical Standards Market Table of Contents

  1. Research Objective and Assumption
    • Preface
    • Research Objectives
    • Study Scope
    • Years Considered for the study
    • Assumptions
    • Abbreviations
  2. Research Methodology
    • Research data
    • Primary Data
      • Primary Interviews
      • Primary Breakdown
      • Key data from Primary Methods
      • Key Thickness Insights
    • Secondary Data
      • Major Secondary Methods
      • Secondary Methods
    • Market Estimation
    • Top-Down Approach
      • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
    • Bottom-Up Approach
      • Approach for estimating market share by Bottom-up Analysis (Demand Side)
    • Market Breakdown and Data Triangulation
    • Research Assumptions
  3. Market Purview
    • Executive Summary
    • Key Findings—Global Outlook for medical carts Strategies
      • Key Questions this Study will Answer
      • Market Snippet, By Category
      • Market Snippet, By Technique
      • Market Snippet, By Method
      • Market Snippet, By Application
      • Market Snippet, By Region
    • Opportunity Map Analysis
    • Executive Summary—3 Big Predictions
  4. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
      • Market Trends
    • DR Impact Analysis
    • PEST Analysis
    • Porter’s Five Forces Analysis
    • Opportunity Orbit
    • Market Investment Feasibility Index
    • Macroeconomic Factor Analysis
  5. Analytical Standards Market, By Category
    • Overview
      • Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
      • Y-o-Y Growth Analysis (%), 2022 – 2032
      • Segment Trends
    • Organic
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
    • Inorganic
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
  6. Analytical Standards Market, By Technique
    • Overview
      • Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
      • Y-o-Y Growth Analysis (%), 2022 – 2032
      • Segment Trends
    • Chromatography
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
    • Spectroscopy
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
    • Titrimetry
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
    • Physical Properties Testing
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
  7. Analytical Standards Market, By Method
    • Overview
      • Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
      • Y-o-Y Growth Analysis (%), 2022 – 2032
      • Segment Trends
    • Bio analytical
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
    • Dissolution
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
    • Material Testing
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
  8. Analytical Standards Market, By Application, 2022 – 2032, (US$ Bn)
    • Overview                                      
      • Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
      • Y-o-Y Growth Analysis (%), 2022 – 2032
      • Segment Trends
    • Food
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
    • Environmental
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
    • Pharmaceutical
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
    • Forensics
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
  9. Analytical Standards Market, By Region, 2022 – 2032, (US$ Bn)
    • Overview
      • Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
      • Y-o-Y Growth Analysis (%), 2022 – 2032
      • Regional Trends
    • North America
      • Market Size and Forecast (US$ Bn), By Category, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Technique, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Method, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Application, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
        • U.S.
        • Canada
    • Europe
      • Market Size and Forecast (US$ Bn), By Category, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Technique, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Method, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Application, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
        • UK
        • France
        • Germany
        • Russia
        • Italy
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast (US$ Bn), By Category, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Technique, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Method, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Application, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
        • India
        • Japan
        • South Korea
        • China
        • Rest of Asia Pacific
    • Latin America
      • Market Size and Forecast (US$ Bn), By Category, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Technique, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Method, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Application, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
        • Brazil
        • Mexico
        • Rest of Latin America
    • Middle East & Africa
      • Market Size and Forecast (US$ Bn), By Category, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Technique, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Method, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Application, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
        • GCC
        • Israel
        • South Africa
        • Rest of Middle East
  10. Competitive Landscape
    • Heat Map Analysis
    • Market Presence and Specificity Analysis
  11. Company Profiles
  • Merck KGaA
    • Company Overview
    • Category Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Chiron AS
    • Company Overview
    • Category Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • LGC Standards
    • Company Overview
    • Category Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Waters Corporation
    • Company Overview
    • Category Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Agilent Technologies
    • Company Overview
    • Category Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Thermo Fisher Scientific Inc.
    • Company Overview
    • Category Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • PerkinElmer Inc.
    • Company Overview
    • Category Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Restek Corporation
    • Company Overview
    • Category Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • RICCA Chemical Company
    • Company Overview
    • Category Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • GFS Chemicals
    • Company Overview
    • Category Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  1. The Last Word
    • Future Impact
    • About Us
    • Contact

FAQs

Analytical Standards Market is segmented based on category, technique, method, application, and region.

The growth of the analytical standards market is primarily driven by the stringent regulatory environment in the pharmaceutical industry and increasing public-private investments for various researches.

Analytical standards market in North America is projected to retain its prominent position during the forecast period due to several factors including increase in number of research activities, existence of several leading companies and advanced healthcare industry in the region.

Key players operating in the Analytical Standards Market includes Merck KGaA, Chiron AS, LGC Standards, Waters Corporation, Agilent Technologies, Thermo Fisher Scientific Inc., PerkinElmer Inc., Restek Corporation, RICCA Chemical Company, and GFS Chemicals.