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Global Analytical Standards Market to reach USD 2.39 billion by the end of 2030

Global Analytical Standards Market Size study & Forecast, by Category (Organic, Inorganic), by Technique (Chromatography, Spectroscopy, Titrimetry, Physical Property Testing), by Methodology (Bioanalytical Testing, Stability Testing, Raw Material Testing, Dissolution Testing, Other Methodologies), by Application and Regional Analysis, 2023-2030

Product Code: HLSB-82430210
Publish Date: 20-02-2024
Page: 200

Global Analytical Standards Market is valued at approximately USD 1.40 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 6.9% during the forecast period 2023-2030. Analytical standards are very pure and well-characterized chemical compounds or materials that serve as benchmark points for various analytical techniques. They function similarly to analytical rulers and scales, ensuring the accuracy and dependability of the measurements. The Analytical Standards Market is expanding because of factors such as rising consumer awareness related to optimal food safety and quality measures, the growing burden of chronic diseases combined with an increase in drug development, and increasing demand for quick and reliable results for expanding patient populations.

The large number of people affected by chronic diseases, as well as the growing need for new treatments, drive demand for analytical techniques such as chromatography, spectroscopy, and titrimetry, among others, employed in drug discovery. Thus, an increasing worldwide disease burden promotes the development of reliable medications and their validation. Furthermore, a significant increase in product quality testing through frequent inspections, certification of analytical techniques, and other factors are expected to contribute to worldwide market growth over the forecast period. According to a 2023 research report in The Lancet, the population of diabetics is expected to more than double from 529 million in 2021 to 1.31 billion by 2050. According to a July 2022 report by the Centers for Disease Prevention and Control (CDC), more than one in every seven people, or 15% of adults or 37 million people in the United States, had CKD in 2021. In addition, Increasing R&D initiatives in emerging countries, combined with the rising prevalence of infectious diseases such as influenza, malaria, HIV, and tuberculosis, has led to the development of revolutionary genomic approaches in developing countries for effective disease diagnosis. Across emerging economies (especially China and India), the government has launched several programs to develop and expand healthcare infrastructure. Throughout the projection period (2023-2030), emerging markets are likely to provide considerable growth potential for clinical microbiology product manufacturers and distributors. However, factors such as complex regulatory requirements and a lack of skilled professionals are stifling the market growth throughout the forecast period 2023-2030.

The key regions considered for the Global Analytical Standards Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to factors such as the growing incidence of infectious diseases in the region, advancements in formulations of modern medications and growing consumer awareness related to product safety and quality control standards. Furthermore, according to the CDC in 2021, homosexual, bisexual, and other men who reported male-to-male sexual contact accounted for 70% (22,400) of the predicted 32,100 new HIV infections and 86% of all sexual male infections.. Asia Pacific is expected to grow significantly over the forecast period. Due to rising food safety and quality standards APAC countries are expanding their investment in analytical standards to assure food safety and solve contamination challenges. Additionally, the region’s rising healthcare infrastructure and manufacturing in key regions such as India, China, and Japan is also a key factor in driving the Asia-Pacific market.

Major market player included in this report are:
Restek Corporation
Merck KGaA
Thermo Fisher Scientific Inc.
Waters Corporation
Mallinckrodt Pharmaceuticals
GFS Chemicals Inc.
Chiron AS
Agilent Technologies Inc.
Shanghai Medicilon Inc.
PerkinElmer Inc.

Recent Developments in the Market:
Ø In June 2023, Merck KGaA invested 74 million USD for the expansion of its production facility for highly purified reagents in Nantong, China.
Ø In November 2022, CD Bioparticles has introduced a line of ion exchange chromatography resins with increased loading capacity, ultra-high resolution, and high mechanical strength, ideal for the purification of small molecular weight compounds such as small proteins, nucleic acids, polypeptides, and antibiotics.
Ø In August 2022, Thermo Fisher Scientific has launched a new Raman spectroscopic analyzer for process monitoring in a variety of applications, including biopharmaceutical manufacturing. The Thermo Scientific Ramina Process Analyzer performs non-destructive and continuous analysis with no need for sample preparation. It can yield spectrum data on target analytes in seconds following a rapid system setup and deployment time of roughly 15 minutes.

Global Analytical Standards Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Category, Technique, Methodologies, Application, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Category:

By Technique:
Physical Property Testing

By Methodologies:
Bioanalytical Testing
Stability Testing
Raw Material Testing
Dissolution Testing
Other Methodologies

By Application:
Food & Beverages Standards
Pharmaceutical and Life Science Standards
Forensic Standards
Veterinary Standards
Petrochemistry Standards
Environmental Standards

By Region:

North America


Asia Pacific
South Korea

Latin America

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Analytical Standards Market, by Region, 2020-2030 (USD Billion)
1.2.2. Analytical Standards Market, by Category, 2020-2030 (USD Billion)
1.2.3. Analytical Standards Market, by Technique, 2020-2030 (USD Billion)
1.2.4. Analytical Standards Market, by Methodologies, 2020-2030 (USD Billion)
1.2.5. Analytical Standards Market, by Application, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Analytical Standards Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Analytical Standards Market Dynamics
3.1. Analytical Standards Market Impact Analysis (2020-2030)
3.1.1. Market Drivers Rising consumer awareness related to optimal food safety and quality measures Growing burden of chronic diseases combined with an increase in drug development Increasing demand for quick and reliable diagnostics for expanding patient population.
3.1.2. Market Challenges Stringent Regulatory requirements Lack of skilled professionals
3.1.3. Market Opportunities Rising R&D initiatives in developing countries Advancements in bio-technologies for more effective and reliable formulations
Chapter 4. Global Analytical Standards Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Analytical Standards Market, by Category
5.1. Market Snapshot
5.2. Global Analytical Standards Market by Category, Performance – Potential Analysis
5.3. Global Analytical Standards Market Estimates & Forecasts by Category 2020-2030 (USD Billion)
5.4. Analytical Standards Market, Sub Segment Analysis
5.4.1. Organic
5.4.2. Inorganic
Chapter 6. Global Analytical Standards Market, by Technique
6.1. Market Snapshot
6.2. Global Analytical Standards Market by Technique, Performance – Potential Analysis
6.3. Global Analytical Standards Market Estimates & Forecasts by Technique 2020-2030 (USD Billion)
6.4. Analytical Standards Market, Sub Segment Analysis
6.4.1. Chromatography
6.4.2. Spectroscopy
6.4.3. Titrimetry
6.4.4. Physical Property Testing
Chapter 7. Global Analytical Standards Market, by Methodologies
7.1. Market Snapshot
7.2. Global Analytical Standards Market by Methodologies, Performance – Potential Analysis
7.3. Global Analytical Standards Market Estimates & Forecasts by Methodologies 2020-2030 (USD Billion)
7.4. Analytical Standards Market, Sub Segment Analysis
7.4.1. Bioanalytical Testing
7.4.2. Stability Testing
7.4.3. Raw Material Testing
7.4.4. Dissolution Testing
7.4.5. Other Methodologies
Chapter 8. Global Analytical Standards Market, by Application
8.1. Market Snapshot
8.2. Global Analytical Standards Market by Application, Performance – Potential Analysis
8.3. Global Analytical Standards Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
8.4. Analytical Standards Market, Sub Segment Analysis
8.4.1. Food & Beverages Standards
8.4.2. Pharmaceutical and Life Science Standards
8.4.3. Forensic Standards
8.4.4. Veterinary Standards
8.4.5. Petrochemistry Standards
8.4.6. Environmental Standards
Chapter 9. Global Analytical Standards Market, Regional Analysis
9.1. Top Leading Countries
9.2. Top Emerging Countries
9.3. Analytical Standards Market, Regional Market Snapshot
9.4. North America Analytical Standards Market
9.4.1. U.S. Analytical Standards Market Category breakdown estimates & forecasts, 2020-2030 Technique breakdown estimates & forecasts, 2020-2030 Methodologies breakdown estimates & forecasts, 2020-2030 Application breakdown estimates & forecasts, 2020-2030
9.4.2. Canada Analytical Standards Market
9.5. Europe Analytical Standards Market Snapshot
9.5.1. U.K. Analytical Standards Market
9.5.2. Germany Analytical Standards Market
9.5.3. France Analytical Standards Market
9.5.4. Spain Analytical Standards Market
9.5.5. Italy Analytical Standards Market
9.5.6. Rest of Europe Analytical Standards Market
9.6. Asia-Pacific Analytical Standards Market Snapshot
9.6.1. China Analytical Standards Market
9.6.2. India Analytical Standards Market
9.6.3. Japan Analytical Standards Market
9.6.4. Australia Analytical Standards Market
9.6.5. South Korea Analytical Standards Market
9.6.6. Rest of Asia Pacific Analytical Standards Market
9.7. Latin America Analytical Standards Market Snapshot
9.7.1. Brazil Analytical Standards Market
9.7.2. Mexico Analytical Standards Market
9.8. Middle East & Africa Analytical Standards Market
9.8.1. Saudi Arabia Analytical Standards Market
9.8.2. South Africa Analytical Standards Market
9.8.3. Rest of Middle East & Africa Analytical Standards Market

Chapter 10. Competitive Intelligence
10.1. Key Company SWOT Analysis
10.1.1. Company 1
10.1.2. Company 2
10.1.3. Company 3
10.2. Top Market Strategies
10.3. Company Profiles
10.3.1. Restek Corporation Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
10.3.2. Merck KGaA
10.3.3. Thermo Fisher Scientific Inc.
10.3.4. Waters Corporation
10.3.5. Mallinckrodt Pharmaceuticals
10.3.6. GFS Chemicals Inc.
10.3.7. Chiron AS
10.3.8. Agilent Technologies Inc.
10.3.9. Shanghai Medicilon Inc.
10.3.10. PerkinElmer Inc.
Chapter 11. Research Process
11.1. Research Process
11.1.1. Data Mining
11.1.2. Analysis
11.1.3. Market Estimation
11.1.4. Validation
11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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