This report describes and explains the analytical standards market and covers 2016-2021, termed the historic period, and 2021-2026 termed the forecast period, along with further forecasts for the period 2026-2031. The report evaluates the market across each region and for the major economies within each region.
The global analytical standards market reached a value of nearly $1,392.6 million in 2021, having grown at a compound annual growth rate (CAGR) of 4.5% since 2016. The market is expected to grow from $1,392.6 million in 2021 to $1,774.9 million in 2026 at a rate of 5.0%. The market is then expected to grow at a CAGR of 4.8% from 2026 and reach $2,248.2 million in 2031.
Growth in the historic period resulted from increasing strict quality regulations for drug manufacturers, product launches for new application, increased adoption of analytical techniques in pesticide monitoring, expansion of pharmaceutical & biotechnology industries worldwide and stringent regulatory scenario in the pharmaceutical industry. Factors that negatively affected growth in the historic period were limited public awareness related to effective pollution monitoring strategies, stringent storage requirements for the successful deployment of analytical standards and coronavirus pandemic.
Going forward, improving healthcare infrastructure/expenditure, rising public concerns related to optimal food safety and quality, greater regulatory emphasis on effective pollution monitoring and control and patent expiry for major pharmaceutical drugs will drive the growth. Factors that could hinder the growth of the analytical standards market in the future include high capital investment for analytical instruments, shortage of skilled laboratory technicians and Ukraine and Russia's war.
The analytical standards market is segmented by type into organic standards and inorganic standards. The organic standards market was the largest segment of the analytical standards market segmented by type, accounting for 67.7% of the total in 2021. Going forward, the organic standards segment is expected to be the fastest growing segment in the analytical standards market segmented by type, at a CAGR of 6.4% during 2021-2026.
The analytical standards market is segmented by technique into chromatography, spectroscopy, titrimetry, and physical property testing. The chromatography market was the largest segment of the analytical standards market segmented by technique, accounting for 44.1% of the total in 2021. Going forward, the chromatography segment is expected to be the fastest growing segment in the analytical standards market segmented by technique, at a CAGR of 5.1% during 2021-2026.
The analytical standards market is also segmented by application into bioanalytical testing, stability testing, raw material testing, dissolution testing, microbiology testing, physical properties testing, toxicity testing, contamination testing, QA/QC testing, proficiency testing, and other applications. The raw material testing market was the largest segment of the analytical standards market segmented by application, accounting for 26.8% of the total in 2021. Going forward, the physical properties testing segment is expected to be the fastest growing segment in the analytical standards market segmented by application, at a CAGR of 5.6% during 2021-2026.
The analytical standards market is segmented by end-user into food and beverages standards, forensic standards, veterinary drug standards, petrochemistry standards, environmental, pharmaceutical and life science standards and other end users. The environmental market was the largest segment of the analytical standards market segmented by end-user, accounting for 30.0% of the total in 2021. Going forward, the environmental segment is expected to be the fastest growing segment in the analytical standards market segmented by end-user, at a CAGR of 5.7% during 2021-2026.
North America was the largest region in the analytical standards market, accounting for 33.6% of the total in 2021. It was followed by Asia Pacific, and then the other regions. Going forward, the fastest-growing regions in the analytical standards market will be Asia Pacific and Africa where growth will be at CAGRs of 5.8% and 5.2% respectively. These will be followed by North America and Western Europe where the markets are expected to grow at CAGRs of 4.92% and 4.86% respectively.
The global analytical standards market is concentrated, with a small number of large players in the market. The top ten competitors in the market made up to 82.21% of the total market in 2021. The market concentration can be attributed to the high barriers to entry in terms of high costs associated with the research and development of analytical standards and the stringent regulations set up by the regulatory authorities. Major players in the market include Merck KGaA, Agilent Technologies, Inc., Thermo Fisher Scientific Inc, Waters Corporation, PerkinElmer, Inc., Mallinckrodt, LGC Standards, Restek Corporation, GFS Chemicals Inc, RICCA Chemical Company and others.
The top opportunities in the analytical standards market segmented by type will arise in the organic standards segment, which will gain $340.1 million of global annual sales by 2026. The top opportunities in the analytical standards market segmented by technique will arise in the chromatography segment, which will gain $ 171.4 million of global annual sales by 2026. The top opportunities in the analytical standards market segmented by application will arise in the raw material testing segment, which will gain $103.4 million of global annual sales by 2026. The top opportunities in the analytical standards market segmented by end-user will arise in the environmental segment, which will gain $134.3 million of global annual sales by 2026. The analytical standards market size will gain the most in the USA at $92.1 million.
Market-trend-based strategies for the analytical standards market include focus on development of soybean food safety reference materials, focus on investing in bacterial endotoxin testing standards for pharmaceutical parental products, focus on clinical microbiology, focus on developing new analytical standards and focus on developing analytical standards to meet the new environmental guidelines.
Player-adopted strategies in the analytical standards market include strengthening business by opening research facilities, expanding product portfolio through the strategic acquisition of companies within the same business, expanding footprint and improving the customer experience and strengthening business by launching new products into the market.
To take advantage of the opportunities, the publisher recommends the analytical standards companies to focus on soybean certified reference material for pesticide residue analysis, focus on bacterial endotoxin testing, focus on new technology advancements, increase focus on new environment quality guidelines, expand in emerging markets, offer competitive pricing, continue to participate in events and conferences, focus on fast-growing applications and increase focus on fast-growing end-users.
The global analytical standards market reached a value of nearly $1,392.6 million in 2021, having grown at a compound annual growth rate (CAGR) of 4.5% since 2016. The market is expected to grow from $1,392.6 million in 2021 to $1,774.9 million in 2026 at a rate of 5.0%. The market is then expected to grow at a CAGR of 4.8% from 2026 and reach $2,248.2 million in 2031.
Growth in the historic period resulted from increasing strict quality regulations for drug manufacturers, product launches for new application, increased adoption of analytical techniques in pesticide monitoring, expansion of pharmaceutical & biotechnology industries worldwide and stringent regulatory scenario in the pharmaceutical industry. Factors that negatively affected growth in the historic period were limited public awareness related to effective pollution monitoring strategies, stringent storage requirements for the successful deployment of analytical standards and coronavirus pandemic.
Going forward, improving healthcare infrastructure/expenditure, rising public concerns related to optimal food safety and quality, greater regulatory emphasis on effective pollution monitoring and control and patent expiry for major pharmaceutical drugs will drive the growth. Factors that could hinder the growth of the analytical standards market in the future include high capital investment for analytical instruments, shortage of skilled laboratory technicians and Ukraine and Russia's war.
The analytical standards market is segmented by type into organic standards and inorganic standards. The organic standards market was the largest segment of the analytical standards market segmented by type, accounting for 67.7% of the total in 2021. Going forward, the organic standards segment is expected to be the fastest growing segment in the analytical standards market segmented by type, at a CAGR of 6.4% during 2021-2026.
The analytical standards market is segmented by technique into chromatography, spectroscopy, titrimetry, and physical property testing. The chromatography market was the largest segment of the analytical standards market segmented by technique, accounting for 44.1% of the total in 2021. Going forward, the chromatography segment is expected to be the fastest growing segment in the analytical standards market segmented by technique, at a CAGR of 5.1% during 2021-2026.
The analytical standards market is also segmented by application into bioanalytical testing, stability testing, raw material testing, dissolution testing, microbiology testing, physical properties testing, toxicity testing, contamination testing, QA/QC testing, proficiency testing, and other applications. The raw material testing market was the largest segment of the analytical standards market segmented by application, accounting for 26.8% of the total in 2021. Going forward, the physical properties testing segment is expected to be the fastest growing segment in the analytical standards market segmented by application, at a CAGR of 5.6% during 2021-2026.
The analytical standards market is segmented by end-user into food and beverages standards, forensic standards, veterinary drug standards, petrochemistry standards, environmental, pharmaceutical and life science standards and other end users. The environmental market was the largest segment of the analytical standards market segmented by end-user, accounting for 30.0% of the total in 2021. Going forward, the environmental segment is expected to be the fastest growing segment in the analytical standards market segmented by end-user, at a CAGR of 5.7% during 2021-2026.
North America was the largest region in the analytical standards market, accounting for 33.6% of the total in 2021. It was followed by Asia Pacific, and then the other regions. Going forward, the fastest-growing regions in the analytical standards market will be Asia Pacific and Africa where growth will be at CAGRs of 5.8% and 5.2% respectively. These will be followed by North America and Western Europe where the markets are expected to grow at CAGRs of 4.92% and 4.86% respectively.
The global analytical standards market is concentrated, with a small number of large players in the market. The top ten competitors in the market made up to 82.21% of the total market in 2021. The market concentration can be attributed to the high barriers to entry in terms of high costs associated with the research and development of analytical standards and the stringent regulations set up by the regulatory authorities. Major players in the market include Merck KGaA, Agilent Technologies, Inc., Thermo Fisher Scientific Inc, Waters Corporation, PerkinElmer, Inc., Mallinckrodt, LGC Standards, Restek Corporation, GFS Chemicals Inc, RICCA Chemical Company and others.
The top opportunities in the analytical standards market segmented by type will arise in the organic standards segment, which will gain $340.1 million of global annual sales by 2026. The top opportunities in the analytical standards market segmented by technique will arise in the chromatography segment, which will gain $ 171.4 million of global annual sales by 2026. The top opportunities in the analytical standards market segmented by application will arise in the raw material testing segment, which will gain $103.4 million of global annual sales by 2026. The top opportunities in the analytical standards market segmented by end-user will arise in the environmental segment, which will gain $134.3 million of global annual sales by 2026. The analytical standards market size will gain the most in the USA at $92.1 million.
Market-trend-based strategies for the analytical standards market include focus on development of soybean food safety reference materials, focus on investing in bacterial endotoxin testing standards for pharmaceutical parental products, focus on clinical microbiology, focus on developing new analytical standards and focus on developing analytical standards to meet the new environmental guidelines.
Player-adopted strategies in the analytical standards market include strengthening business by opening research facilities, expanding product portfolio through the strategic acquisition of companies within the same business, expanding footprint and improving the customer experience and strengthening business by launching new products into the market.
To take advantage of the opportunities, the publisher recommends the analytical standards companies to focus on soybean certified reference material for pesticide residue analysis, focus on bacterial endotoxin testing, focus on new technology advancements, increase focus on new environment quality guidelines, expand in emerging markets, offer competitive pricing, continue to participate in events and conferences, focus on fast-growing applications and increase focus on fast-growing end-users.
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Report Attribute | Details |
---|---|
No. of Pages | 284 |
Published | November 2022 |
Forecast Period | 2021 - 2031 |
Estimated Market Value ( USD
| USD 1392.6 Million |
Forecasted Market Value ( USD
| USD 2248.2 Million |
Compound Annual Growth Rate | 4.9% |
Regions Covered | Global |
Table of Contents
1. Analytical Standards Market Executive Summary2. Table of Contents3. List of Figures4. List of Tables5. Report Structure
6. Introduction and Market Characteristics
7. Major Market Trends
8. Global Market Size And Growth
9. Global Analytical Standards Market Segmentation
10. Analytical Standards Market, Regional And Country Analysis
11. Asia-Pacific Market
12. Western Europe Market
13. Eastern Europe Market
14. North America Market
15. South America Market
16. Middle East Market
17. Africa Market
18. Competitive Landscape And Company Profiles
19. Key Mergers And Acquisitions In The Analytical Standards Market
20. Analytical Standards Market Opportunities And Strategies
21. Analytical Standards Market Conclusions And Recommendations
22. Appendix
Executive Summary
Analytical Standards Global Market Opportunities And Strategies To 2031 from the publisher provides the strategists; marketers and senior management with the critical information they need to assess the global analytical standards market as it emerges from the COVID-19 shut down.Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 12 geographies
- Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates
- Create regional and country strategies on the basis of local data and analysis
- Identify growth segments for investment
- Outperform competitors using forecast data and the drivers and trends shaping the market
- Understand customers based on the latest market research findings
- Benchmark performance against key competitors
- Utilize the relationships between key data sets for superior strategizing
- Suitable for supporting your internal and external presentations with reliable high-quality data and analysis
Description:
Where is the largest and fastest growing market for analytical standards? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The analytical standards market global report from the publisher answers all these questions and many more.The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider analytical standards market; and compares it with other markets.
The report covers the following chapters
- Introduction and Market Characteristics
- Brief introduction to the segmentations covered in the market, defintions and explanations about the analytical standards market
- Key Trends
- Highlights the major trends shaping the global analytical standards market. This section also highlights likely future developments in the market
- Global Market Size and Growth
- Global historic (2016-2021) and forecast (2021-2026), and (2026-2031) market values, and drivers and restraints that support and control the growth of the market in the historic and forecast periods
- Regional Analysis
- Historic (2016-2021) and forecast (2021-2026), and (2026-2031) market values and growth and market share comparison by region
- Market Segmentation
- Contains the market values (2016-2031) and analysis for each segment by type, by technique, by application, and by end-user in the market
- Regional Market Size and Growth
- Regional market size (2021), historic (2016-2021) and forecast (2021-2026), and (2026-2031) market values, and growth and market share comparison of countries within the region. This report includes information on the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region
- Competitive Landscape
- Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players
- Key Mergers and Acquisitions
- Information on recent mergers and acquisitions in the market covered in the report. This section gives key financial details of mergers and acquisitions, which have shaped the market in recent years
- Market Opportunities And Strategies
- Describes market opportunities and strategies based on findings of the research, with information on growth opportunities across countries, segments and strategies to be followed in those markets
- Conclusions And Recommendations
- Includes recommendations for analytical standards providers in terms of product/service offerings, geographic expansion, marketing strategies and target groups
- Appendix
- This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report
Scope
Markets Covered:- 1) By Type: Organic Standards; Inorganic Standards
- 2) By Technique: Chromatography; Spectroscopy; Titrimetry; Physical Property Testing
- 3) By Application: Bioanalytical Testing; Stability Testing; Raw Material Testing; Dissolution Testing; Microbiology Testing; Physical Properties Testing; Toxicity Testing; Contamination Testing; QA/QC Testing; Proficiency Testing; Other Applications
- 4) By End-User: Food And Beverages Standards; Forensic Standards; Veterinary Drug Standards; Petrochemistry Standards; Environmental; Pharmaceutical And Life Science Standards; Other End Users
Countries: Australia; China; India; Indonesia; Japan; South Korea; USA; Brazil; France; Germany; UK; Russia
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; analytical standards indicators comparison.
Data segmentations: country and regional historic and forecast data; market share of competitors; market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Companies Mentioned
A selection of companies mentioned in this report includes:
- Merck KGaA
- Agilent Technologies, Inc.
- Thermo Fisher Scientific Inc.
- Waters Corporation
- PerkinElmer, Inc.
Methodology
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