Analytical Standards Market Size and Analysis, Trends, Recent Developments, and Forecast till 2028
The global Analytical
Standards Market size is expected to reach USD 2.32 billion by 2028 at
a CAGR of 6.6% over the forecast period, according to the latest report by
Reports and Data. Market revenue growth is driven by key factors, such as use
of mass spectrometry, chromatography, and other analytical techniques, by end
user industries, such as food laboratories, environmental protection agencies,
drug manufacturers, and others, to check for adulteration and make sure
products meet required safety and quality standards.
Analytical standards are used to confirm the existence of
specific components in mixtures, improve the accuracy of quantitative analysis,
perform a test or calibration of an analyzer, and various other purposes.
Analytical standards for chromatography, electrophoresis, microscopy,
spectroscopy, titration, and physical properties are available with
applications in trace analysis, petrochemicals, environmental, clinical, food
and beverage, accredited reference materials, GMO standards, cosmetics,
forensics, and veterinary medicine.
In 2020, the global pharmaceutical market was valued at USD
1.2 trillion. Analytical testing is critical in the pharmaceutical industry
because it helps to understand the effect on dosage form selection and design,
physical and chemical stability of drug molecules, and drug molecule stability
evaluation. Life science and healthcare sectors as well as biopharmaceuticals
industries are rapidly expanding, driving revenue growth of the analytical
standards market. The biopharmaceutical industry's widespread use of life
science reagents and analytical standards for creation of biomarkers, drug
discovery, biologic drug processing, and therapeutic drug monitoring is
expected to boost demand for analytical standards during the forecast period.
The costs of establishing analytical standards vary
significantly from project to project, reflecting not only on raw material
prices, but also on risk profiles, R&D intensities, purity, protection,
documentation, and analytical specification specifications. This increases
competition by putting pressure on major producers to lower their prices. The
dominance of local players who deliver a broad range of analytical standards at
lower prices has a negative effect on the market share of major players in any
area, which is expected to limit the market growth to a certain extent.
Get a sample of the report @ https://www.reportsanddata.com/sample-enquiry-form/4083
Major players in analytical standards market include Merck KGaA, Agilent Technologies,
Waters Corporation, LGC Standards, and PerkinElmer, Inc., Restek Corporation,
SPEX CertiPrep, AccuStandard, Inc., Thermo Fisher Scientific, Inc.,
Mallinckrodt, US Pharmacopeial Convention, Cayman Chemical Company, RICCA
Chemical Company, GFS Chemicals, Inc., and Chiron AS.
Key Highlights in the Report:
- Among
various technique segments, the chromatography segment is expected to
account for largest market share during the forecast period. Large share
of this segment can be attributed to presence of a large number of
developed and emerging suppliers that offer a broad range of
chromatographic standards across the world.
- The
environmental analytical standards segment is expected to dominate other
application segments in the analytical standards market during the
forecast period.
- Among
the various methodology segments, raw materials segment accounted
forlargest share of the analytical standards market in 2020.
- Based
on categories of analytical standards, organic standards are projected to
register significantly higher demand as compared to the inorganic ones,
since organic standards are widely used in the laboratory tests for
detecting harmful chemicals.
- In
2020, North America accounted for highest analytical standards market
share. Food testing labs, drug testing laboratories, environmental
pollution monitoring laboratories, and forensic laboratories are well
established in the region, especially in Canada and the U.S., which is
driving market growth.
- Asia
Pacific analytical standards market will be driven by the expanding
pharmaceutical industry in the region.
To
know more about the report @ https://www.reportsanddata.com/report-detail/analytical-standards-market
Segments Covered in the Report:
For the purpose of this report, Reports and Data has
segmented the global analytical standards market report on the basis of
technique, product, methodology, category and region:
Technique Outlook (Revenue, USD Million, 2018–2028)
- Chromatography
- Ion
Chromatography
- Gas
Chromatography
- Liquid
Chromatography
- Thin
Layer Chromatography
- Other
chromatography
- Spectroscopy
- Atomic
Absorption Spectroscopy
- Mass
Spectroscopy
- IR
Spectroscopy
- Nuclear
Magnetic Resonance Spectrometry
- X-Ray
Fluorescence/Diffraction Spectrometry
- UV/Vis
Spectroscopy
- Other
Spectrometry
- Titrimetry
- Physical
Property Testing
- Viscosity
Testing
- Sieve
Calibration & Particle Size Testing
- Colour
Reference testing
- Others
Product Outlook (Revenue, USD Million, 2018–2028)
- 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
- 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
Methodology Outlook (Revenue, USD
Million, 2018–2028)
- Bioanalytical
Testing
- Stability
Testing
- Raw
material Testing
- Dissolution
Testing
- Other
Methodologies
Category Outlook (Revenue, USD Million, 2018–2028)
- Organic
Analytical Standards
- Inorganic
Analytical Standards
Regional
Outlook:
·
North America
o U.S.
o Canada
o Mexico
·
Europe
o Germany
o U.K.
o Italy
o France
o BENELUX
o Rest
of Europe
·
Asia Pacific
o China
o India
o Japan
o South
Korea
o Rest
of APAC
·
Latin America
o Brazil
o Rest
of LATAM
·
Middle East & Africa
o Saudi
Arabia
o U.A.E.
o South
Africa
o Rest
of MEA
Request
a customization of the report @ https://www.reportsanddata.com/request-customization-form/4083
Thank you for reading our
report. Get in touch with us to know more about the customization feature and
our team with provide you the best suited report as per your need.
About Us:
Reports and Data is a market research and consulting company
that provides syndicated research reports, customized research reports, and
consulting services. Our solutions purely focus on your purpose to locate,
target and analyse consumer behaviour shifts across demographics, across
industries and help client’s make a smarter business decision. We offer market
intelligence studies ensuring relevant and fact-based research across a
multiple industries including Healthcare, Technology, Power and Energy, and
Chemicals. We consistently update our research offerings to ensure our clients
are aware about the latest trends existent in the market.
Contact Us:
John W
Head of Business Development
Reports and Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com
Read Our Innovative Blogs @ https://www.reportsanddata.com/blogs
Read Full Press Release: https://www.reportsanddata.com/press-release/global-analytical-standards-market
Comments
Post a Comment