Global Analytical Standards Market Size, Trends & Analysis with COVID-19 Impact - Forecasts to 2026 By Technique (Chromatography, Spectroscopy, Titrimetry, and Physical Property Testing), By Product (Food & Beverages Standards, Forensic Standards, Veterinary Drug Standards, Petro Chemistry Standards Environmental Standards, Pharmaceutical, and Life Science Standards), By Methodology (Bioanalytical Testing, Stability Testing, Raw Material Testing, Dissolution Testing, and Other Methodologies), By Category (Organic Analytical Standards, and Inorganic Analytical Standards), By Region (North America, Europe, Asia Pacific and Rest of the World); and Company Market Share Analysis & Competitor Analysis
Analytical Standards Market: Insights
In the expected period from 2020 to 2026, a high compound annual growth rate would boost global demand for Analytical Norms. A compound with high purity and known concentration to be used as a reference standard for a given assay is an analytical standard. Standards for analytics are the biochemical values and properties evaluated by health institutions globally to be healthy and accessible. As regulatory standards are increasingly getting harder, the pressure on documentation of products and quality management for all sectors is rising. Increased adoption of analytical techniques in pesticide monitoring, along with the rising awareness for the detection of harmful hormones, are some of the major factors expected to increase the growth of demand for analytical norms. Moreover, the increased acceptance of flame retardant standards globally is also guiding the growth of the industry. Furthermore, some of the approaches that generate concern are the increasing solid waste in urban areas and growing R&D activities in the pharmaceutical sector, some of the projected factors for forecasting demand growth. However, the lack of trained laboratory technicians and insufficient public knowledge of successful emission management techniques that are likely to adversely hinder demand development during the projected period.
Analytical Standards Market: By Technique
This market can be clarified by four areas, chromatography, titrimetry, physical property testing, and spectroscopy, depending on the technique. The segment of the chromatography technique was expected to contribute most to global sales in this business field. This is due to the availability of a vast variety of mature and developing manufacturers worldwide who offer a wide range of chromatographic standards. Moreover, the increasing use of chromatography in the fields of environmental testing, food testing, cosmetics, chemistry, science, forensics, oil, and petrochemicals, among others.
Analytical Standards Market: By Product
The industry is classified into product-based sections: food & beverage standards, veterinary drug standards, forensic standards for pharmaceutical and life sciences, petrochemical standards, and environmental analytical standards. Across all applications, the environmental analytical standards division is projected to contribute more to global revenues in the industry. This is due to increasing pollutant emissions, environmental regulatory requirements, raising awareness of the value of a sustainable atmosphere, loss of environmental standards, and the production of solid waste.
Analytical Standards Market: By Methodology
According to the methodology study, this market can be represented in five categories, namely: bioanalytical testing, raw material testing, dissolution testing, stability testing, and other methodologies. The raw materials testing division is expected to add more to global sales in the industry through all methodologies. This is attributed to the growing production of pharmaceutical and petrochemical products, the substantial development of the food & beverage industry, and the regulatory compliance focus on medicine and food & beverage safety around the world.
Analytical Standards Market: By Region
Centered on the local region, the analytical standards sector is divided into, among others, Europe, North America, Asia Pacific, and the Middle East & Africa, others. The North American area is expected to add to global revenues over the forecast timeframe. This is owing to the large per capita annual healthcare investment by the U.S. and Canadian governments, which is due to quick usability and fast penetration of modern analytical technology. The Asia-Pacific region is expected to see substantial growth at a high CAGR pace in emerging regions. The rising food security issues in India and the development in the biotechnology and pharmaceutical industries are some of the factors influencing the growth of the sector.
Analytical Standards Market: Share & Competitor Analysis
The key players competing in this market are Merck KGAA, Waters Corporation, Spex Certiprep, Lgc Standards, Perkinelmer, Inc., The United States Pharmacopeial Convention (USP), Cayman Chemical Company, Ricca Chemical Company, Chiron As., Agilent Technologies Inc., Restek Corporation Accustandard Inc., Thermo Fisher Scientific, Inc., Mallinckrodt, and GFS Chemicals, Inc. among others.
Please note: This is not an exhaustive list of companies profiled in the report.
In September 2020, Restek Corporation has adopted the latest standards, i.e. Ochratoxin A & Aflatoxin Standards.
In May 2020, Waters Corporation has developed an innovation and testing laboratory in Massachusetts for the innovation of analytical and consumable goods.
Check the Press Release on Global Analytical Standards Market Report
We value your investment and offer free customization with every report to fulfil your exact research needs.
The Global Analytical Standards Market has been studied from the year 2017 till 2026. However, the CAGR provided in the report is from the year 2018 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Analytical Standards Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies and customer analytics.
Tailor made solutions just for you
80% of our clients seek made-to-order reports. How do you want us to tailor yours?