Analytical Standards Market Size, Share, Growth Analysis, By Category, By Technique, By Methodology, By End User Industry, By Region - Industry Forecast 2024-2031
Global Analytical Standards Market size was valued at USD 1.32 billion in 2022 and is poised to grow from USD 1.42 billion in 2023 to USD 2.47 billion by 2031, growing at a CAGR of 6.5% during the forecast period (2024-2031).
Analytical standards, characterized by their high purity and known concentration, are crucial for calibration in various assays, aiding manufacturers in achieving product quality, effectiveness, and purity within the pharmaceutical sector. Their applications span several industries, including forensics, veterinary medicine, petrochemistry, environmental testing, and food safety. The market for analytical standards is being propelled by heightened safety concerns in food and pharmaceuticals, advancements in technology fostering new product developments, and increasing environmental regulations. Furthermore, the expanding biosimilars sector and ongoing enhancements in separation techniques present significant growth opportunities for industry players. Notably, sophisticated testing methods such as liquid chromatography/mass spectrometry (LC/MS/MS) and gas chromatography/mass spectrometry (GC/MS) are emerging as preferred techniques for food quality assurance.
Top-down and bottom-up approaches were used to estimate and validate the size of the Global Analytical Standards market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Global Analytical Standards Market Segmental Analysis
Global Analytical Standards Market is segmented by category, technique, methodology, end user industry and region. Based on category, the market is segmented into organic standards (volatile organic compounds (VOCs), semi-volatile organic compounds (SVOCs), Pesticides, pharmaceuticals) and inorganic standards (metals, anions, cations). Based on technique, the market is segmented into chromatography standards (gas chromatography (GC), liquid chromatography (LC), ion chromatography (IC)), spectroscopy standards (atomic absorption spectroscopy (AAS), inductively coupled plasma (ICP), ultraviolet-visible (UV-Vis) spectroscopy), titrimetry standards (acid-base titration, redox titration, complexometric titration) and physical properties testing standards (melting point standards, boiling point standards, density standards). Based on methodology, the market is segmented into quantitative analysis (calibration standards, internal standards) and qualitative analysis (reference standards, system suitability standards). Based on end user industry, the market is segmented into Food and Beverages, Veterinary, Petrochemistry, Environmental, Pharmaceutical and Life Sciences, Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Driver of the Global Analytical Standards Market
The growth of the global analytical standards market is primarily driven by the increasing applications of these standards in fields like proteomics and metabolomics, along with heightened global concerns regarding pollution monitoring. Key factors propelling this market include supportive government initiatives, rising public awareness of food safety and quality, a strong focus on healthcare standards, and the imperative to monitor patent expirations. Furthermore, the escalating regulatory focus on efficient pollution oversight is expected to support market growth during the forecast period. Given the serious risks posed by food contamination, food testing laboratories are increasingly employing advanced analytical techniques such as mass spectrometry and chromatography, further catalyzing market demand. Collaboration between research organizations and major market players is also enhancing product offerings aimed at ensuring food safety.
Restraints in the Global Analytical Standards Market
The Global Analytical Standards market faces significant restraints primarily due to low public awareness regarding effective pollution monitoring techniques. This lack of awareness hampers market growth, as rising pollution levels contribute to various health issues, including respiratory infections, allergic reactions, and even cancer. Furthermore, environmental degradation leads to severe consequences like reduced crop yields and altered climatic conditions, which are increasingly understood through government initiatives and public health campaigns. However, despite the acknowledged impacts of air and water pollution on health, there remains a substantial disinterest in conducting pollution monitoring tests utilizing analytical methods such as liquid chromatography, gas chromatography, and IR/UV spectrometry.
Market Trends of the Global Analytical Standards Market
The Global Analytical Standards market is witnessing a notable trend driven by the increasing adoption of analytical standards across various manufacturing sectors, particularly in clinical microbiology. Emerging markets are poised for significant growth due to the rising prevalence of infectious diseases such as HIV, tuberculosis, influenza, and malaria. This surge in disease incidence is complemented by heightened research and development activities focused on innovative genomic techniques for accurate disease diagnosis. As manufacturers and distributors align their strategies to meet the demand for reliable analytical standards, the market is expected to experience robust expansion, fueled by advancements in healthcare technology and an ever-evolving regulatory landscape.
Table of Contents
Introduction
Objectives of the Study
Scope of the Report
Definitions
Research Methodology
Information Procurement
Secondary & Primary Data Methods
Market Size Estimation
Market Assumptions & Limitations
Executive Summary
Global Market Outlook
Supply & Demand Trend Analysis
Segmental Opportunity Analysis
Market Dynamics & Outlook
Market Overview
Market Size
Market Dynamics
Driver & Opportunities
Restraints & Challenges
Porters Analysis & Impact
Competitive rivalry
Threat of substitute
Bargaining power of buyers
Threat of new entrants
Bargaining power of suppliers
Key Market Insights
Key Success Factors
Degree of Competition
Top Investment Pockets
Market Ecosystem
Market Attractiveness Index, 2023
PESTEL Analysis
Macro-Economic Indicators
Value Chain Analysis
Pricing Analysis
Regulatory Landscape
Patent Analysis
Case Studies
Global Analytical Standards Market Size by Category & CAGR (2024-2031)
Market Overview
Organic Standards
Volatile Organic Compounds (VOCs)
Semi-Volatile Organic Compounds (SVOCs)
Pesticides
Pharmaceuticals
Inorganic Standards
Metals
Anions
Cations
Global Analytical Standards Market Size by Technique & CAGR (2024-2031)
Market Overview
Chromatography Standards
Gas Chromatography (GC)
Liquid Chromatography (LC)
Ion Chromatography (IC)
Spectroscopy Standards
Atomic Absorption Spectroscopy (AAS)
Inductively Coupled Plasma (ICP)
Ultraviolet-Visible (UV-Vis) Spectroscopy
Titrimetry Standards
Acid-Base Titration
Redox Titration
Complexometric Titration
Physical Properties Testing Standards
Melting Point Standards
Boiling Point Standards
Density Standards
Global Analytical Standards Market Size by Methodology & CAGR (2024-2031)
Market Overview
Quantitative Analysis
Calibration Standards
Internal Standards
Qualitative Analysis
Reference Standards
System Suitability Standards
Global Analytical Standards Market Size by End User Industry & CAGR (2024-2031)
Market Overview
Food and Beverages
Contaminant Testing
Nutritional Analysis
Forensics
Drug Testing
Toxicology
Veterinary
Animal Health Monitoring
Feed Analysis
Petrochemistry
Hydrocarbon Analysis
Additive Testing
Environmental
Water Quality Testing
Soil Analysis
Pharmaceutical and Life Sciences
Drug Development
Quality Control
Others
Global Analytical Standards Market Size & CAGR (2024-2031)
North America, (Category, Technique, Methodology, End User Industry)
US
Canada
Europe, (Category, Technique, Methodology, End User Industry)
UK
Germany
Spain
France
Italy
Rest of Europe
Asia-Pacific, (Category, Technique, Methodology, End User Industry)
China
India
Japan
South Korea
Rest of Asia Pacific
Latin America, (Category, Technique, Methodology, End User Industry)
Brazil
Rest of Latin America
Middle East & Africa, (Category, Technique, Methodology, End User Industry)