Analytical Standards Global Market Report 2024

The analytical standards market size has grown strongly in recent years. It will grow from $1.57 billion in 2023 to $1.69 billion in 2024 at a compound annual growth rate (CAGR) of 7.1%. The expansion observed in the historical period can be attributed to several factors. These include the growth of emerging markets, a stringent regulatory environment in the pharmaceutical industry, heightened quality regulations for drug manufacturers, the global expansion of pharmaceutical and biotechnology industries, and an increased adoption of analytical techniques in pesticide monitoring.

The analytical standards market size is expected to see strong growth in the next few years. It will grow to $2.21 billion in 2028 at a compound annual growth rate (CAGR) of 7.0%. Projected growth is fueled by government support, improved healthcare infrastructure, rising concerns about food safety, increased regulatory emphasis on pollution control, and major pharmaceutical drug patent expirations. Key trends include sustained government backing, ongoing healthcare enhancements, heightened focus on food safety, intensified regulatory scrutiny of pollution control, and impending patent expirations for major pharmaceuticals.

Anticipated growth in the analytical standards market is driven by increasing public concerns regarding optimal food safety and quality. The consumption of contaminated and adulterated food, containing chemical compounds, dangerous bacteria, parasites, and viruses, is associated with over 200 diseases ranging from diarrhea to cancer. Food testing laboratories commonly employ analytical techniques such as mass spectrometry and chromatography to detect spoilage and ensure food safety. Notably, a report from the World Health Organization in May 2022 highlighted that annually, 420,000 people die and 600 million people become ill due to consuming contaminated food, accounting for approximately one in ten global deaths and 33 million disease-avoidable life years (DALYs). Consequently, the growing public concerns about optimal food safety and quality are instrumental in propelling the analytical standards market's growth.

The expiration of patents for several major pharmaceutical drugs is contributing to the increased adoption of analytical standards by generic pharmaceutical manufacturers and regulatory authorities, thus fostering market growth. Key drug manufacturers are actively developing new drugs ahead of the expiration of their existing patents while also seeking patent approval for current drugs to expand market reach. These endeavors involve an extensive research process that employs various analytical techniques to validate the efficacy of numerous therapeutic compounds in the research pipeline. Additionally, obtaining regulatory approval necessitates conducting various analytical tests such as gas chromatography, liquid chromatography, IR/UV spectroscopy, titrimetry, and physical property testing to demonstrate the drug's quality, purity, safety, and sustainability. A case in point is the Ministry of Food and Drug Safety in South Korea, which reported that 62 drug-related patents covering 158 items were set to expire in 2021, with 14 of these (covering 35 products) already removed due to patent invalidation, expired marketing authorization, and other factors. Consequently, the patent expiry of pharmaceutical drugs is expected to underpin the growth of the analytical standards market throughout the forecast period.

Manufacturers of Analytical Standards are actively developing endotoxin testing solutions catering to the examination of raw materials, in-process samples, and manufactured parental products. In the pharmaceutical and biomedical industries, bacterial endotoxin testing (BET) plays a crucial role in ensuring safety. Elevated concentrations of bacterial endotoxins in a patient's bloodstream can lead to severe symptoms, including fever and septic shock, and in extreme cases, can be fatal. Consequently, all pharmaceutical products entering the body, such as parenteral medicines and injectable devices, undergo testing for the presence of endotoxins before market release. These quality control (QC) tests align with regulatory criteria outlined by the European and American Pharmacopoeias, as well as the US Food and Drug Administration (FDA). An illustrative example is Lonza Group Ag, a Switzerland-based chemicals and biotechnology company, expanding its PyroTec PRO Automated Robotic Solution for Endotoxin testing in 2021. The addition of the PyroWave Reader, designed for use with the PyroGene Recombinant Factor C (rFC) Assay, offers QC microbiologists a third test option to meet their specific testing requirements.

Analytical standards companies are making strategic investments in the development of analytical standards to comply with new environmental guidelines set by various environmental regulators. In September 2021, the World Health Organization (WHO) issued updated Global Air Quality Guidelines (AQGs), significantly reducing recommended levels of pollutants considered safe for human health. This marked the first update since 2005, aiming for all countries to achieve acceptable air quality levels. The guidelines propose new standards for six pollutants, including particulate matter (PM 2.5 and 10), ozone (O3), nitrogen dioxide (NO2), sulphur dioxide (SO2), and carbon monoxide (CO). In November 2021, the US Environmental Protection Agency took a crucial step in combating climate change and safeguarding public health by proposing a rule to substantially reduce methane and other harmful air pollutants from both new and existing sources in the oil and natural gas industry. The plan entails strengthening emissions reduction requirements for new, modified, and reconstructed sources, and mandates states to decrease methane emissions from numerous existing sources nationwide for the first time.

In August 2022, Agilent Technologies Inc., a U.S.-based life sciences company, acquired Polymer Standards Service GmbH for an undisclosed sum. This strategic move is anticipated to expand Agilent's product portfolio and customer offerings, specifically in the chemical and biopharmaceutical sectors. The acquisition strengthens Agilent's capabilities for analyzing natural and synthetic polymers, including nucleic acids, proteins, monoclonal antibodies, polysaccharides, and synthetic plastics. Polymer Standards Service GmbH, based in Germany, is a leading provider of solutions in the field of polymer characterization.

Major companies operating in the analytical standards market report are Merck KGaA, Agilent Technologies Inc, Thermo Fisher Scientific Inc, Waters Corporation, PerkinElmer Inc., Mallinckrodt, LGC Standards, Restek Corporation, GFS Chemicals Inc, RICCA Chemical Company, Spectro Analytical Labs, Takara Bio Inc, Shimadzu corporation, GL sciences Inc, Tosoh corporation, TCI chemicals, Abbott Laboratories, Sysmex Corporation, Mindray Medical International Limited, Shanghai Kehua Bio-Engineering Co. Ltd, Cambridge Isotope Laboratories, Seron Technologies, Starna Scientific ltd, Bernd Kraft GmbH, VICI AG International, Armin, European Directorate for the Quality of Medicines & HealthCare (EDQM), Nanolek, Wessling Romania SRL, Anahem, Trilogy Europe B.V, Alpen Pharma AG, Spex Certiprep, Accustandard, Cayman Chemical Company, Chiron As, T&E-Analítica, OLib, SGS, JLA Argentina, Galab Peru, NSF-INASSA, Huber group, Eurofins, Alicorp, Gulf Bio Analytical, GHP Testing & Calibration Lab, Lab Gulf, Novartis Pharma, Rafa Labs, Julphar, Industrial Analytical (Pty) Ltd, USP, Mettler-Toledo LLC, OI Corporation, Bruker Corporation.

North America was the largest region in the analytical standards market in 2023. Asia-Pacific is expected to be the fastest-growing region in the market. The regions covered in the analytical standards market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the analytical standards market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

Two primary categories within the analytical standards market are organic standards and inorganic standards. Organic standards establish guidelines and regulations governing the production, processing, and labeling of organic products. Techniques such as chromatography, spectroscopy, titrimetric, and physical property testing are employed across diverse applications, including bioanalytical testing, stability testing, raw material testing, dissolution testing, microbiology testing, physical properties testing, toxicity testing, contamination testing, QA/QC testing, proficiency testing, and stability testing. End-users span food and beverage standards, forensic standards, veterinary drug standards, petrochemistry standards, environmental standards, pharmaceutical standards, life science standards, and others.

The analytical standards market research report is one of a series of new reports that provides analytical standards market statistics, including analytical standards industry global market size, regional shares, competitors with an analytical standards market share, detailed analytical standards market segments, market trends and opportunities, and any further data you may need to thrive in the analytical standards industry. This analytical standards market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The analytical standards market consists of revenues earned by entities by providing primary and secondary analytical standards. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.


The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.