Chicago, Nov. 27, 2023 (GLOBE NEWSWIRE) -- Analytical Standards Market in terms of revenue was estimated to be worth $1.5 billion in 2023 and is poised to reach $2.1 billion by 2028, growing at a CAGR of 6.9% from 2023 to 2028 according to a latest report published by MarketsandMarkets™. The growth of the market is largely driven by the global rise in the adoption of analytical techniques in pesticide monitoring and the increasing applications of analytical techniques in proteomics & metabolomics. Furthermore, greater regulatory emphasis on effective pollution monitoring & control across the globe is anticipated to further propel market growth.
Download an Illustrative overview: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=8484789
Analytical Standards Market Scope:
| Report Coverage | Details |
| Market Revenue in 2023 | $1.5 billion |
| Estimated Value by 2028 | $2.1 billion |
| Growth Rate | Poised to grow at a CAGR of 6.9% |
| Market Size Available for | 2021–2028 |
| Forecast Period | 2023–2028 |
| Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Technique, Application, Methodology, Category and Region |
| Geographies Covered | North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
| Report Highlights | Updated financial information / product portfolio of players |
| Key Market Opportunity | Improving healthcare infrastructure across emerging countries |
| Key Market Driver | Rising public concerns related to optimal food safety & quality |
Based on the technique, analytical standards is segmented into chromatography, spectroscopy, titrimetry, and physical properties testing. During the forecast period, spectroscopy is expected to dominate the analytical standards market. The growth of spectroscopy segment will be driven by increasing drug development R&D along with widespread use of spectroscopic techniques across a broad range of application areas.
Based on application, analytical standards is segmented into food & beverages standards, forensic standards, veterinary drug standards, environmental standards, petrochemistry standards and pharmaceutical & life science standards. During the forecast period, pharmaceutical & life science standards is expected to dominate the analytical standards market. The growth is attributed to increasing drug development in developed countries, increasing awareness, and the rising popularity of traditional medicines.
Based on methodology, the analytical standards market is segmented into raw material testing, bioanalytical testing, stability testing, dissolution testing, and other methodologies. During the forecast period, the raw material testing segment is estimated to hold the largest market share during the forecast period. The rising disease prevalence and increasing commercialization of parenteral drugs are the major drivers for growth.
Based on category, the analytical standards market is segmented into organic analytical standards and inorganic analytical standards. During the forecast period, organic analytical standards is expected to account for the largest market share in the analytical standards market. The large share of this segment is attributed to the rising public-private investment for various research, strong regulatory emphasis on effective pollution monitoring & control, and increasing drug development & clinical trials.
The analytical standards market covers five key geographies—North America, Europe, Asia Pacific, Latin America, and the Middle East. The market in the Asia Pacific region is expected to offer significant opportunities for the growth of the analytical standards market in 2022. The growth of the market can be attributed to the rising outsourcing of clinical trials from developed to emerging Asian nations, strategic expansions of analytical instrument market players in the region, and increasing investments by governments in the biotechnology industry.
Buy a Analytical Standards Industry Report (252 Pages PDF with Insightful Charts, Tables, and Figures):
https://www.marketsandmarkets.com/Purchase/purchase_reportNew.asp?id=8484789
Analytical Standards market major players covered in the report, such as:
- Merck KGaA (Germany)
- Agilent Technologies (US)
- Waters Corporation (US)
- LGC Standards (UK)
- PerkinElmer, Inc. (US)
- Restek Corporation (US)
- SPEX CertiPrep (US)
- AccuStandard, Inc. (US)
- Thermo Fisher Scientific, Inc. (US)
- Mallinckrodt (UK)
- US Pharmacopeial Convention (US)
- Cayman Chemical Company (US)
- RICCA Chemical Company (US)
- GFS Chemicals, Inc. (US)
- Chiron AS (Norway),
- and Among Others
Request for FREE Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=8484789
This report categorizes the Analytical Standards market based on type, formulation, application, and region:
Global Analytical Standards Market, by Technique
- Chromatography
- Ion Chromatography
- Gas Chromatography
- Liquid Chromatography
- Thin Layer Chromatography
- Other chromatography
- Spectroscopy
- Atomic Absorption Spectroscopy
- Mass Spectroscopy
- IR Spectroscopy
- Nuclear Magnetic Resonance Spectroscopy
- X-Ray Fluorescence/Diffraction Spectroscopy
- UV/Vis Spectroscopy
- Other Spectroscopy
- Titrimetry
- Physical Property Testing
- Viscosity Testing
- Sieve Calibration & Particle Size Testing
- Colour Reference testing
- Others
Global Analytical standards Market, by Application
- Food & Beverages Standards
- Flavor & Fragrance Standards
- Carbohydrate Standards
- Peptide/Amino Acid Standards
- Food Additive Standards
- Fatty Acid/Lipid/Fame Standards
- GMO (Geneticall Modified Organisms) Standards
- Mycotoxin Standards
- Forensic Standards
- Drugs of Abuse Standards
- Doping Standards
- Veterinary Drug Standards
- Antibiotic Standards
- Hormone Standards
- Petrochemistry Standards
- Gasoline, Diesel, and Petroleum Standards
- Biofuel Standards
- Environmental Standards
- Pesticide Standards
- Volatiles/Semivolatiles Standards
- Flame Retardant Standards
- Aroclor/PCB, and Dioxin Standards
- Alkyl Phenol Standards
- Solid Waste Standards
- Pharmaceutical and Life Science Standards
- Cosmetic Standards
- Herbal Drug/Phytopharmaceutical Standards
- Pharmaceutical Secondary Standards
- Pharmaceutical Impurity Reference Standards
- Pharmacopoeia Standards
- Fluorescent Microparticle Standards
Global Analytical standards Market, by Methodology
- Bioanalytical Testing
- Stability Testing
- Raw material Testing
- Dissolution Testing
- Other Methodologies
Global Analytical standards Market, by Category
- Organic Analytical Standards
- Inorganic Analytical Standards
Global Analytical standards Market, by Region
- North America
- US
- Canada
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=8484789
Recent Developments
- In June 2023, Merck KGaA (Germany) invested 74 million USD (70 million Euro) for expanding production capacity for highly purified reagents at its site in Nantong, China.
- In August 2022, Agilent Technologies, Inc. (US) acquired Polymer Standards Service, broadening offerings for gel permeation chromatography (GPC) and size exclusion chromatography (SEC) polymer analysis.
- In June 2022, LGC Limited (UK) to act as global distributor of InBio’s (US) purified food allergen reference materials expanding LGC’s offering to more than 180 allergen reference materials for a range of applications including method development and method verification.
Key Stakeholders:
- Analytical Standards Manufacturing Companies
- Food & Beverage Manufacturing Companies
- Pharmaceutical Companies
- Environmental Monitoring Product Manufacturers
- Air Quality Monitoring Product Manufacturers
- Petrochemical Product Manufacturers
- Forensic Laboratories
- Pollution Monitoring Manufacturers
- Product Sales and Distribution Companies
- Government Regulatory Authorities
- Research Laboratories and Academic Institutes
- Clinical Research Organizations (CROs)
- Research and Development Companies
- Market Research and Consulting Firms
Report Objectives:
- To define, describe, and forecast the analytical standards market on the basis of technique, application, methodology, category and region.
- To provide detailed information regarding the major factors influencing the growth potential of the global analytical standards market (drivers, restraints, opportunities, challenges, and trends).
- To analyze the micro markets with respect to individual growth trends, future prospects, and contributions to the global analytical standards market.
- To analyze key growth opportunities in the global analytical standards market for key stakeholders and provide details of the competitive landscape for market leaders.
- To forecast the size of market segments and/or subsegments with respect to five major regions, namely, North America (the US and Canada), Europe (Germany, the UK, France, Italy, Spain, and Rest of Europe), Asia Pacific (Japan, China, India, Australia, South Korea, and Rest of Asia Pacific), Latin America (Brazil, Mexico, and Rest of Latin America), and the Middle East and Africa.
- To profile the key players in the global analytical standards market and comprehensively analyze their market shares and core competencies.
- To track and analyze the competitive developments undertaken in the global analytical standards market, such as agreements, expansions, and & acquisitions.
Related Reports:
High Performance Liquid Chromatography Market
UV/Visible Spectroscopy Market
Chromatography Instruments Market
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/analytical-standards-market.asp
Content Source: https://www.marketsandmarkets.com/PressReleases/analytical-standards.asp
