Global Analytical Standard Market By Overview
Introduction:
The specific property used to scale purity and quality of the drug and formulated medicine is called as an analytical standard. By assimilating methods, formulations, and drugs, they provide safety, efficacy, and quality medicines. Reagents and standards are the main components used in order to achieve optimal performance and compliance with the help of analytical instrumentation. However, technical and regulatory requirements for testing, preparation, and documentation of analytical standards and reagents become complex and time-consuming. In order to standardize the analytical method, the standard amount of the analyte is used. Hence, the accuracy of standardization mainly depends on the quality of glassware and reagents used.
Drivers and Restraints:
The rising public concerns related to optimal food safety and quality drive the growth of the global analytical standard market. Moreover, the increasing number of applications of analytical techniques in metabolomics and proteomics are other factors contributing to the target market growth. The integration of proteomics and metabolomics explores genetic and rare metabolic diseases. Further, the strict regulatory policies in the pharmaceutical industry and growing investments in research and development lead to the expansion of the global analytical standard market. The stringent regulations regarding effective pollution monitoring and control encourage the growth of the same. In addition, the rise in the adoption of analytical techniques in pesticide monitoring complements leads to the growth of the analytical standards market. On the flip side, the lack of public awareness about effective pollution monitoring strategies in developing economies hinders the growth of the target market. Moreover, an increasing number of clinical trials and the development of new analytical methods create several opportunities for the growth of the market. Opportunities also await in the environmental sector. Rapid rise in industrialization, coupled with financial support extended by central agencies for pollution prevention and control, has been increasing environmental consciousness among industrialists. Although the relevance of success factors is promising enough with billion-dollar horizontal markets, complementing the growth of the analytical standards market, the report also identifies a few inhibitors, which could slow down market movement.
Segmentation:
The global analytical standard market is segmented based on category, technique, application, and region.
Based on category, the global analytical standard market is segmented into organic, inorganic. The organic analytical standards segment is expected to account for the largest share of the market majorly due to the strong regulatory emphasis on effective pollution monitoring & control. Based on the technique, the target market is segmented into chromatography, spectroscopy, titrimetric, and physical properties. The adoption of the chromatography technique is projected to remain high as compared to spectroscopy, both, in terms of value and growth rate. Primarily, pharmaceutical and life sciences, food and beverages, and environmental applications account for the wide scope of application of this technique. Based on application, the target market is bifurcated into food & beverage, environmental, pharmaceutical, cosmetic, veterinary, and forensic. On the basis of application, the pharmaceutical and life sciences segment is expected to register the highest growth rate during the forecast period due to increasing drug development in developed countries, increasing use of certified reference materials (CRMs) to ensure the quality of pharmaceuticals, regulations on cosmetic products, and the rising popularity of traditional medicines.
Based on the region the global analytical standard market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in North America accounts highest revenue share to the global analytical standard market due to growing demand for advanced medical technologies and increasing geriatric population. Asia Pacific analytical standard market is projected to register a high CAGR over the forecast period owing to government investments in the biotechnology industry, increasing number of bioclusters, and expansion by key analytical standards manufacturers.
Key Players:
The key players operating the global analytical standard market involves Merck KGaA, Agilent Technologies Inc., Waters Corporation, LGC Standards, Restek Corporation, Thermo Fischer Scientific, General Electric Company, PerkinElmer, Inc. , Mallinckrodt Baker, Inc., and SPEX CertiPrep. In February 2018, Merck KGaA announced plans to expand its manufacturing capacity and distribution centers in India. The company invested around US$ 19.21 Mn in a new manufacturing and distribution center for its life science business. Agilent Technologies, Inc. acquired of the business assets of ULTRA Scientific, Inc. engaged in the chemical standards and certified reference materials.
Detailed Segmentation:
Global Analytical Standard Market, By Category:
- Organic
- Inorganic
Global Analytical Standard Market, By Technique:
- Chromatography
- Spectroscopy
- Titrimetry
- Physical Properties
Global Analytical Standard Market, By Application:
- Food & Beverage
- Environmental
- Pharmaceutical
- Cosmetic
- Veterinary
- Forensic
Global Analytical Standard Market, By Region:
-
-
- North America
- North America Analytical Standard Market, By Category
- North America Analytical Standard Market, By Technique
- North America Analytical Standard Market, By Application
- North America Analytical Standard Market, By Country
- The U.S.
- Canada
- Europe
- Europe Analytical Standard Market, By Category
- Europe Analytical Standard Market, By Technique
- Europe Analytical Standard Market, By Application
- Europe Analytical Standard Market, By Country
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Asia Pacific Analytical Standard Market, By Category
- Asia Pacific Analytical Standard Market, By Technique
- Asia Pacific Analytical Standard Market, By Application
- Asia Pacific Analytical Standard Market, By Country
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Latin America Analytical Standard Market, By Category
- Latin America Analytical Standard Market, By Technique
- Latin America Analytical Standard Market, By Application
- Latin America Analytical Standard Market, By Country
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Middle East & Africa Analytical Standard Market, By Category
- Middle East & Africa Analytical Standard Market, By Technique
- Middle East & Africa Analytical Standard Market, By Application
- Middle East & Africa Analytical Standard Market, By Country
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- North America
-
Company Profile:
-
-
- Merck KGaA
- Company Overview
- Merck KGaA
-
-
-
-
- Product Portfolio
- Key Highlights
- Financial Performance
-
-
- Agilent Technologies Inc.
- Waters Corporation
- LGC Standards
- Restek Corporation
- Thermo Fischer Scientific
- General Electric Company
- PerkinElmer, Inc.
- Mallinckrodt Baker Inc.
- SPEX CertiPrep
“*” marked represents similar segmentation in other categories in the respective section
Key Issues Addressed
- What is the total revenue potential of the global analytical standard market? How that market is expected to grow during the study period?
- What are some of the major growth opportunities in the analytical standard market?
- Which companies are the major players in the analytical standard market?
FAQs
The analytical standard market is segmented based on category, technique, application, and region.
the demand for high-quality reference materials, the growing focus on regulatory compliance, and advancements in analytical techniques, presenting significant opportunities in the global Analytical Standard Market.
increasing need for accurate analytical measurements, the stringent regulatory environment, advancements in analytical technologies, and the expanding applications of analytical standards across industries.
North America and Europe are expected to dominate the Analytical Standard Market, driven by a well-established pharmaceutical and biotechnology industry, stringent quality standards, and significant research and development activities in these regions.
The key players operating the global analytical standard market involves Merck KGaA, Agilent Technologies Inc., Waters Corporation, LGC Standards, Restek Corporation, Thermo Fischer Scientific, General Electric Company, PerkinElmer, Inc. , Mallinckrodt Baker, Inc., and SPEX CertiPrep.