Analytical Standards Market Share Analysis Report, 2022-2030
According to Nova one advisor, the global Analytical Standards market size is expected to hit around USD 6.45 billion by 2030 from valued at USD 1.9 billion in 2021 and growing at a CAGR of 2.39% from 2022 to 2030.
An analytical standard is a compound of excessive purity and known concentration for use as a calibration standard for a given test or assay. These standards are used to verify the presence of specific components in mixtures, increase the precision of quantitative evaluation, and perform a test or a calibration of an analyzer. Key analytical standard techniques include chromatography, spectroscopy, titration, and physical property testing. The different analytical standard methods include raw material testing, stability testing, dissolution testing, and bioanalytical testing. Analytical standards are primarily utilized in physical property testing, microbiological testing, contamination testing, toxicity testing, QA/QC testing, proficiency testing, and stability testing. Major end-users of analytical standards are food & beverage, forensic, veterinary drug, petrochemical, environmental, pharmaceutical, and life science industries.
Increase in industrialization and financial support extended by central agencies for pollution prevention & control has increased awareness about the environment among industrialists, which has driven the demand for testing in order to maintain optimum quality standards in the food industry. Furthermore, a surge in awareness about safety measures is propelling the global analytical standards market size.
Report Scope of the Analytical Standards Market
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Report Coverage |
Details |
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Market Size |
USD 6.45 Billion by 2030 |
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Growth Rate |
CAGR of 2.39% from 2022 to 2030 |
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Largest Market |
North America |
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Fastest Growing Market |
Asia Pacific |
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Base Year |
2021 |
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Forecast Period |
2022 to 2030 |
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Segments Covered |
Application, Technique, Type and Region, |
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Companies Mentioned |
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Increase in Applications of Analytical Techniques in Metabolomics to Drive Analytical Standards Market
Metabolite analysis plays a major role in diagnosis of diseases, study of physiological state of diverse organisms, phenotypic characterization of strains & cultivars, and checking the quality of food products. In classical metabolite analysis, the sample preparation is typically extensive in order to enrich the samples with targeted metabolite, thereby eliminating non-targeted compounds and interferences. However, conventional targeted metabolite analysis is limited to a small number of compounds, which fail to meet the demand for system-wide studies.
Metabolomics refers to non-targeted and unbiased analysis of cell metabolites in biological samples. This approach offers several advantages over conventional metabolite analysis in terms of reproducibility, scope broadness, specificity, and sensitivity. Metabolomics increases the rate of discoveries, as it is a non-targeted approach, therefore it has become a powerful hypotheses generating tool in modern times. Metabolomics permits the identification and characterization of metabolic reactions when combined with genomics data, which can be used in the reconstruction of metabolic networks. Metabolomics combined with gene-expression (transcriptomics) and protein level (proteomics) data can be used to test and build integrative and quantitative models of cell metabolism. Increase in applications of analytical techniques in metabolomics is likely to propel the global analytical standards market during the forecast period.
Expansion of Life Sciences Industry to Propel Global Analytical Standards Market
Analytical testing plays a major role in understanding the physical & chemical stability of drug molecules, impact on selection & design of the dosage form, and assessing the stability of the drug molecules. Therefore, demand for analytical standards is largely dependent on expansion of life sciences and healthcare industries. The life sciences industry is growing at a rapid pace in emerging economies. This is projected to augment the analytical standards market share during the forecast period.
According to IQVIA report, the global pharmaceutical market is expected to grow at a CAGR of 3% to 6% by 2025 to reach US$ 1.6 Trn by 2025. Biopharmaceutical is one of the fastest growing segments of the pharmaceutical industry, expanding at nearly double the rate of the parent industry. Extensive applications of life science reagents and analytical standards in the biopharmaceutical industry for the development of various biomarkers, production of biologic drugs, drug discovery, and therapeutic drug monitoring are likely to increase the demand for analytical standards during the forecast period. Furthermore, stringent regulations for life sciences research and process validation & standardization are driving the demand for analytical standards.
Focus on Customized Standards to Fuel Global Analytical Standards Market
The global analytical standards market analysis indicates that companies are gaining expertise in custom synthesis and are designing different methods for synthesis of reagents. Custom synthesis products are backed by analytical data to suit the needs of a customer. Furthermore, companies keep stock of custom synthesized products for quick reorder availability. Various analytical reagents manufacturers are taking efforts to ensure the availability of a range of seamless scale-up options. These companies are also focusing on transferring custom synthesized materials to large-scale manufacturing facilities and GMP facilities. For instance, AccuStandard is one of the players engaged in specialized synthesis of high purity chemicals used as reference standards. The synthesis of numerous organic pollutants and their metabolites is an integral part of the company efforts to provide the community with previously unavailable standards. This is especially true for a rise in the demand for analytical reference standards for explosives and pesticides.
High Cost of Custom Analytical Standards to Hamper Global Analytical Standards Market
Cost of custom synthesis services differ substantially from project to project, which reflects not only in prices of starting materials or number of synthesis steps, but also in risk profiles; R&D intensities; and requirements regarding purity, safety, documentation, and analytical specification. This imposes pricing pressure on major manufacturers, thereby intensifying competition. The dominance of local players offering a range of analytical standards at lower rates affects the geographic expansion of major players in a particular region, which subsequently hampers the market growth.
Rise in Demand in Emerging Economies to Augment Global Analytical Standards Market
Emerging economies in Asia and Latin America with large populations offer significant opportunities for the analytical standards market. Economic development, rise in disposable income of patients, and increase in awareness are gradually shifting attention of pharmaceutical and biotechnology manufacturers toward these countries. Surge in investment by leading private players in the healthcare and life science industries in countries such as Brazil, India, China, and South Korea owing to favorable regulatory policies is projected to drive the analytical standards market in these regions.
Regional Outlook of Analytical Standards Market
North America held a major share of the global analytical standards market in 2021. The market in the region is driven by presence of key players, large number of research activities, and highly structured health care industry.
Europe held the second-largest share of the global analytical standards market in 2021. Growth of the market in the region can be ascribed to increase in investment by key players in pharmaceuticals & life sciences and government intervention in environmental control & food safety.
Asia Pacific accounted for a significant share of the global analytical standards market in 2021. The market in the region is expected to grow at a rapid pace during the forecast period. This is ascribed to increase in investment by key players in clinical research & development of new drugs in order to provide innovative treatment options and expansion of the food & beverage industry. Economic growth, government funding for research, improving health care infrastructure, and rise in presence of major global players in countries, such as China and India, are also likely to drive the market in the region during the forecast period.
Key Developments in Analytical Standards Market
Some of the prominent players in the Analytical Standards Market include:
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 in each of the sub-segments from 2017 to 2030. For this study, Nova one advisor, Inc. has segmented the global Analytical Standards market
By Geography
North America
Europe
Asia Pacific
Latin America
Middle East & Africa (MEA)
Key Benefits for Stakeholders
Chapter 1. Introduction
1.1. Market Definition and Scope
1.2. Market Segmentation
1.3. Key Research Objectives
1.4. Research Highlights
2. Assumptions and Research Methodology
3. Executive Summary: Global Analytical Standards Market
4. Market Overview
4.1. Introduction
4.1.1. Segment Definition
4.2. Overview
4.3. Market Dynamics
4.3.1. Drivers
4.3.2. Restraints
4.3.3. Opportunities
4.4. Global Analytical Standards Market Analysis and Forecast, 2017–2030
4.4.1. Market Revenue Projections (US$ Mn)
5. Key Insights
5.1. Average Pricing Analysis
5.2. Technological Advancements
5.3. Key Industry Events (mergers, acquisitions, partnerships, etc.)
5.4. COVID-19 Pandemic Impact on Industry (value chain and short / mid / long term impact)
6. Global Analytical Standards Market Analysis and Forecast, by Technique
6.1. Introduction & Definition
6.2. Key Findings / Developments
6.3. Market Value Forecast, by Technique, 2017–2030
6.3.1. Chromatography
6.3.2. Spectroscopy
6.3.3. Titrimetry
6.3.4. Physical Properties Testing
6.4. Market Attractiveness Analysis, by Technique
7. Global Analytical Standards Market Analysis and Forecast, by Type
7.1. Introduction & Definition
7.2. Key Findings / Developments
7.3. Market Value Forecast, by Type, 2017–2030
7.3.1. Organic
7.3.2. Inorganic
7.4. Market Attractiveness Analysis, by Type
8. Global Analytical Standards Market Analysis and Forecast, by Application
8.1. Introduction & Definition
8.2. Key Findings / Developments
8.3. Market Value Forecast, by Application, 2017–2030
8.3.1. Environmental
8.3.2. Food & Beverage
8.3.3. Pharmaceutical & Life Sciences
8.3.4. Petrochemistry
8.3.5. Forensic
8.3.6. Veterinary
8.4. Market Attractiveness Analysis, by Application
9. Global Analytical Standards Market Analysis and Forecast, by Region
9.1. Key Findings
9.2. Market Value Forecast, by Region
9.2.1. North America
9.2.2. Europe
9.2.3. Asia Pacific
9.2.4. Latin America
9.2.5. Middle East & Africa
9.3. Market Attractiveness Analysis, by Region
10. North America Analytical Standards Market Analysis and Forecast
10.1. Introduction
10.1.1. Key Findings
10.2. Market Value Forecast, by Technique, 2017–2030
10.2.1. Chromatography
10.2.2. Spectroscopy
10.2.3. Titrimetry
10.2.4. Physical Properties Testing
10.3. Market Value Forecast, by Type, 2017–2030
10.3.1. Organic
10.3.2. Inorganic
10.4. Market Value Forecast, by Application, 2017–2030
10.4.1. Environmental
10.4.2. Food & Beverage
10.4.3. Pharmaceutical & Life Sciences
10.4.4. Petrochemistry
10.4.5. Forensic
10.4.6. Veterinary
10.5. Market Value Forecast, by Country, 2017–2030
10.5.1. U.S.
10.5.2. Canada
10.6. Market Attractiveness Analysis
10.6.1. By Technique
10.6.2. By Type
10.6.3. By Application
10.6.4. By Country
11. Europe Analytical Standards Market Analysis and Forecast
11.1. Introduction
11.1.1. Key Findings
11.2. Market Value Forecast, by Technique, 2017–2030
11.2.1. Chromatography
11.2.2. Spectroscopy
11.2.3. Titrimetry
11.2.4. Physical Properties Testing
11.3. Market Value Forecast, by Type, 2017–2030
11.3.1. Organic
11.3.2. Inorganic
11.4. Market Value Forecast, by Application, 2017–2030
11.4.1. Environmental
11.4.2. Food & Beverage
11.4.3. Pharmaceutical & Life Sciences
11.4.4. Petrochemistry
11.4.5. Forensic
11.4.6. Veterinary
11.5. Market Value Forecast, by Country/Sub-region, 2017–2030
11.5.1. Germany
11.5.2. U.K.
11.5.3. France
11.5.4. Spain
11.5.5. Italy
11.5.6. Rest of Europe
11.6. Market Attractiveness Analysis
11.6.1. By Technique
11.6.2. By Type
11.6.3. By Application
11.6.4. By Country/Sub-region
12. Asia Pacific Analytical Standards Market Analysis and Forecast
12.1. Introduction
12.1.1. Key Findings
12.2. Market Value Forecast, by Technique, 2017–2030
12.2.1. Chromatography
12.2.2. Spectroscopy
12.2.3. Titrimetry
12.2.4. Physical Properties Testing
12.3. Market Value Forecast, by Type, 2017–2030
12.3.1. Organic
12.3.2. Inorganic
12.4. Market Value Forecast, by Application, 2017–2030
12.4.1. Environmental
12.4.2. Food & Beverage
12.4.3. Pharmaceutical & Life Sciences
12.4.4. Petrochemistry
12.4.5. Forensic
12.4.6. Veterinary
12.5. Market Value Forecast, by Country/Sub-region, 2017–2030
12.5.1. China
12.5.2. Japan
12.5.3. India
12.5.4. Australia & New Zealand
12.5.5. Rest of Asia Pacific
12.6. Market Attractiveness Analysis
12.6.1. By Technique
12.6.2. By Type
12.6.3. By Application
12.6.4. By Country/Sub-region
13. Latin America Analytical Standards Market Analysis and Forecast
13.1. Introduction
13.1.1. Key Findings
13.2. Market Value Forecast, by Technique, 2017–2030
13.2.1. Chromatography
13.2.2. Spectroscopy
13.2.3. Titrimetry
13.2.4. Physical Properties Testing
13.3. Market Value Forecast, by Type, 2017–2030
13.3.1. Organic
13.3.2. Inorganic
13.4. Market Value Forecast, by Application, 2017–2030
13.4.1. Environmental
13.4.2. Food & Beverage
13.4.3. Pharmaceutical & Life Sciences
13.4.4. Petrochemistry
13.4.5. Forensic
13.4.6. Veterinary
13.5. Market Value Forecast, by Country/Sub-region, 2017–2030
13.5.1. Brazil
13.5.2. Mexico
13.5.3. Rest of Latin America
13.6. Market Attractiveness Analysis
13.6.1. By Technique
13.6.2. By Type
13.6.3. By Application
13.6.4. By Country/Sub-region
14. Middle East & Africa Analytical Standards Market Analysis and Forecast
14.1. Introduction
14.1.1. Key Findings
14.2. Market Value Forecast, by Technique, 2017–2030
14.2.1. Chromatography
14.2.2. Spectroscopy
14.2.3. Titrimetry
14.2.4. Physical Properties Testing
14.3. Market Value Forecast, by Type, 2017–2030
14.3.1. Organic
14.3.2. Inorganic
14.4. Market Value Forecast, by Application, 2017–2030
14.4.1. Environmental
14.4.2. Food & Beverage
14.4.3. Pharmaceutical & Life Sciences
14.4.4. Petrochemistry
14.4.5. Forensic
14.4.6. Veterinary
14.5. Market Value Forecast, by Country/Sub-region, 2017–2030
14.5.1. GCC Countries
14.5.2. South Africa
14.5.3. Rest of Middle East & Africa
14.6. Market Attractiveness Analysis
14.6.1. By Technique
14.6.2. By Type
14.6.3. By Application
14.6.4. By Country/Sub-region
15. Competition Landscape
15.1. Market Player - Competition Matrix (by tier and size of companies)
15.2. Market Share Analysis, by Company, 2021
15.3. Company Profiles
15.3.1. AccuStandard, Inc.
15.3.1.1. Company Overview (HQ, Business Segments, Employee Strength)
15.3.1.2. Product Portfolio
15.3.1.3. Financial Overview
15.3.1.4. SWOT Analysis
15.3.1.5. Strategic Overview
15.3.2. Agilent Technologies, Inc.
15.3.2.1. Company Overview (HQ, Business Segments, Employee Strength)
15.3.2.2. Product Portfolio
15.3.2.3. Financial Overview
15.3.2.4. SWOT Analysis
15.3.2.5. Strategic Overview
15.3.3. Inorganic Ventures
15.3.3.1. Company Overview (HQ, Business Segments, Employee Strength)
15.3.3.2. Product Portfolio
15.3.3.3. Financial Overview
15.3.3.4. SWOT Analysis
15.3.3.5. Strategic Overview
15.3.4. Merck KGaA
15.3.4.1. Company Overview (HQ, Business Segments, Employee Strength)
15.3.4.2. Product Portfolio
15.3.4.3. Financial Overview
15.3.4.4. SWOT Analysis
15.3.4.5. Strategic Overview
15.3.5. Mallinckrodt Pharmaceuticals
15.3.5.1. Company Overview (HQ, Business Segments, Employee Strength)
15.3.5.2. Product Portfolio
15.3.5.3. Financial Overview
15.3.5.4. SWOT Analysis
15.3.5.5. Strategic Overview
15.3.6. GFS Chemicals
15.3.6.1. Company Overview (HQ, Business Segments, Employee Strength)
15.3.6.2. Product Portfolio
15.3.6.3. Financial Overview
15.3.6.4. SWOT Analysis
15.3.6.5. Strategic Overview
15.3.7. LGC Standards
15.3.7.1. Company Overview (HQ, Business Segments, Employee Strength)
15.3.7.2. Product Portfolio
15.3.7.3. Financial Overview
15.3.7.4. SWOT Analysis
15.3.7.5. Strategic Overview
15.3.8. GE Healthcare
15.3.8.1. Company Overview (HQ, Business Segments, Employee Strength)
15.3.8.2. Product Portfolio
15.3.8.3. Financial Overview
15.3.8.4. SWOT Analysis
15.3.8.5. Strategic Overview
15.3.9. Waters Corporation
15.3.9.1. Company Overview (HQ, Business Segments, Employee Strength)
15.3.9.2. Product Portfolio
15.3.9.3. Financial Overview
15.3.9.4. SWOT Analysis
15.3.9.5. Strategic Overview
15.3.10. PerkinElmer, Inc.
15.3.10.1. Company Overview (HQ, Business Segments, Employee Strength)
15.3.10.2. Product Portfolio
15.3.10.3. Financial Overview
15.3.10.4. SWOT Analysis
15.3.10.5. Strategic Overview
Cross-segment Market Size and Analysis for
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Additional Countries (Apart From Mentioned Countries)
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