+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)
New

Analytical Standards Market - Company Evaluation Report, 2024

  • PDF Icon

    Report

  • 154 Pages
  • August 2025
  • Region: Global
  • Markets and Markets
  • ID: 6163829
The Analytical Standards Companies Quadrant is a comprehensive industry analysis that provides valuable insights into the global market for Analytical Standards. This quadrant offers a detailed evaluation of key market players, technological advancements, product innovations, and industry trends. The analyst's '360 Quadrants' evaluated over 140 companies, of which the Top 15 Analytical Standards Companies were categorized and recognized as the quadrant leaders.

Analytical standards are highly pure reference materials used to calibrate instruments, validate testing methods, and perform quality control in analytical laboratories. These standards provide a precise, known concentration or purity, acting as a benchmark against which unknown samples can be accurately measured. They are indispensable in ensuring that test results are reliable, reproducible, and comparable across different laboratories and over time. Their use is critical in diverse fields such as pharmaceuticals, food safety, environmental monitoring, and clinical diagnostics, where accuracy is non-negotiable.

The market for analytical standards is driven by increasingly stringent regulatory frameworks across multiple industries. Government bodies like the FDA and EPA mandate rigorous testing for products like pharmaceuticals, food, and drinking water, creating a constant demand for certified reference materials. The growth of the life sciences and biotechnology sectors, coupled with rising public concern for food safety and environmental pollution, further fuels the need for precise analytical testing. Additionally, globalization requires harmonized standards to ensure product quality and facilitate international trade.

However, the market faces several challenges that can impede its growth. The production and certification of high-purity analytical standards is a complex and expensive process, resulting in high product costs for end-users. Many standards have a limited shelf life and require specific storage conditions, adding to logistical complexity and operational expenses. A lack of globally harmonized regulatory guidelines can create confusion and trade barriers. The development of standards for new and emerging contaminants or novel drug compounds also presents an ongoing technical challenge.

The 360 Quadrant maps the Analytical Standards companies based on criteria such as revenue, geographic presence, growth strategies, investments, and sales strategies for the market presence of the Analytical Standards quadrant. The top criteria for product footprint evaluation included Technique [Chromatography (Ion Chromatography, Gas Chromatography, Liquid Chromatography, Thin-layer Chromatography, Other Chromatography Standards), Spectroscopy (Atomic Absorption Spectroscopy, Mass Spectroscopy, IR Spectroscopy, Nuclear Magnetic Resonance Spectroscopy, X-Ray Fluorescence/Diffraction Spectroscopy [XRF/XRD], UV/Visible Spectroscopy, Other Spectroscopy Standards), Titrimetry, Physical Property Testing (Viscosity Testing, Sieve Calibration & Particle Size Testing, Colour Reference testing, Other Physical Property Testing Standards)], Application [Food & Beverage Standards (Flavor & Fragrance Standards, Carbohydrate Standards, Peptide/Amino Acid Standards, Food Additive Standards, Fatty Acid/Lipid/Fame Standards, GMO [genetically modified organisms] Standards, Mycotoxin Standards, Pesticide Standards, Other Food & Beverage Standards), Forensic Standards (Drugs-of-Abuse Standards, Doping Standards, Other Forensic Standards), Veterinary Drug Standards (Antibiotic Standards, Hormone Standards), Petrochemical Standards (Gasoline, Diesel, and Petroleum Standards, Biofuel Standards), Environmental Standards (Pesticide Standards, PFAS Testing Standards, Microplastic Testing Standards, Volatile Standards, Semi-volatile Standards, Flame Retardant Standards, Aroclor/PCB and Dioxin Standards, Other Environmental Standards), Pharmaceutical & Life Science Standards (Cosmetic Standards, Herbal Drug/Phytopharmaceutical Standards, Pharmaceutical Secondary Standards, Pharmaceutical Impurity Reference Standards, Pharmacopoeia Standards, Fluorescent Microparticle Standards), Clinical Diagnostics Standards (Hormone Testing Standards, Vitamin Standards, Biomarker Standards, Clinical Toxicology Standards, Other Clinical Diagnostics Standards)], Category (Organic Standards, Inorganic Standards), Methodology (Bioanalytical Testing, Stability Testing, Raw Material Testing, Dissolution Testing, Other Methodologies).

Key Players:

Major vendors in the Analytical Standards market are Merck KGaA (Germany), Agilent Technologies, Inc. (US), Waters Corporation (US), PerkinElmer (US), LGC Limited (UK), The United States Pharmacopeial Convention (US), Restek Corporation (US), SPEX CertiPrep (US), AccuStandard (US), RICCA Chemical Company (US), Cayman Chemical (US), Thermo Fisher Scientific Inc. (US), Mallinckrodt (UK), GFS Chemicals, Inc. (US), and Chiron AS (Norway). The key strategies major vendors implement in the Analytical Standards market are partnerships, collaborations, product launches, and product enhancements.

Merck KGaA

Merck KGaA, of Darmstadt, Germany, is a leading science and technology company with major divisions in Life Science, Healthcare, and Electronics. Its Life Science business is a critical partner to the global biopharma industry, providing an extensive portfolio from lab water systems to advanced bioprocessing technologies. Strategically, Merck is focused on capturing growth from new modalities like cell and gene therapies, expanding its manufacturing capacity for biologics, and driving digitalization in the lab. This solidifies its indispensable role in the drug discovery, development, and manufacturing ecosystem, ensuring its strong market position.

Agilent Technologies, Inc.

Agilent Technologies is a global leader in laboratory analytics, providing high-precision instruments, software, and consumables to the life sciences, diagnostics, and applied chemical markets. Its portfolio is built on core platforms like chromatography and mass spectrometry, which are essential for quality control and research. Strategically, Agilent is deepening its focus on the high-growth biopharma and diagnostics sectors, offering complete workflow solutions for cell analysis, genomics, and cancer diagnostics. By enabling scientific and clinical breakthroughs with its trusted technologies, Agilent maintains its status as a cornerstone of the modern analytical laboratory.

LGC Limited

LGC Limited is a global life sciences tools company dedicated to enabling Science for a Safer World. It holds a leading market position as a provider of critical measurement tools, including reference materials, proficiency testing schemes, and genomics reagents. Through a strategy of targeted acquisitions and integration, LGC offers a comprehensive portfolio supporting sectors from food safety to clinical diagnostics and pharmaceutical research. By supplying the essential components and standards that ensure accuracy and quality control in the laboratory, LGC solidifies its vital role within the global measurement and testing infrastructure.

Table of Contents

1 Introduction
1.1 Market Definition
1.2 Inclusions & Exclusions
1.3 Market Stakeholders
2 Executive Summary
3 Market Overview
3.1 Introduction
3.2 Market Dynamics
3.2.1 Drivers
3.2.1.1 Stringent Regulatory Guidelines in Pharmaceutical Industry
3.2.1.2 Rising Public Concerns Regarding Food Safety & Quality
3.2.1.3 Increasing Public-Private Investments in Research
3.2.1.4 Growing Applications of Analytical Techniques in Proteomics & Metabolomics
3.2.1.5 Rising Regulatory Emphasis on Pollution Control
3.2.1.6 Growth in Pharmaceutical & Biotechnology Industries
3.2.1.7 Increasing Adoption of Analytical Techniques in Pesticide Monitoring
3.2.2 Restraints
3.2.2.1 Limited Public Awareness of Pollution Monitoring Strategies in Emerging Economies
3.2.2.2 Stringent Storage Requirements for Analytical Standards
3.2.3 Opportunities
3.2.3.1 Development of New Drugs Adhering to Gmp Regulations
3.2.3.2 Increasing Number of Clinical Trials
3.2.4 Challenges
3.2.4.1 Inadequate Standards for Analytical Techniques
3.2.4.2 Shortage of Skilled Laboratory Technicians
3.3 Value Chain Analysis
3.3.1 Research & Development
3.3.2 Raw Material Procurement & Manufacturing
3.3.3 Distribution, Marketing & Sales, and Post-Sales Services
3.4 Supply Chain Analysis
3.4.1 Prominent Companies
3.4.2 Small & Medium-Sized Enterprises
3.4.3 Distributors
3.4.4 End-users
3.5 Ecosystem Analysis
3.6 Porter's Five Forces Analysis
3.6.1 Intensity of Competitive Rivalry
3.6.2 Bargaining Power of Suppliers
3.6.3 Bargaining Power of Buyers
3.6.4 Threat of Substitutes
3.6.5 Threat of New Entrants
3.7 Patent Analysis
3.7.1 List of Major Patents
3.8 Technology Analysis
3.8.1 Key Technologies
3.8.1.1 Chromatography
3.8.1.2 Spectroscopy
3.8.1.3 Physical Property Testing
3.8.1.4 Titration
3.8.2 Complementary Technologies
3.8.2.1 Data Analysis Technologies
3.8.2.2 Imaging & Microscopy Technologies
3.8.2.3 Automation & Control Systems
3.8.3 Adjacent Technologies
3.8.3.1 Molecular Diagnostics
3.8.3.2 Process Analytical Technology (Pat)
3.9 Key Conferences & Events, 2025-2026
3.10 Trends/Disruptions Impacting Customers’ Businesses
3.11 Impact of AI/Generative AI on Analytical Standards Market
4 Competitive Landscape
4.1 Introduction
4.2 Key Player Strategies/Right to Win
4.2.1 Overview of Strategies Adopted by Key Players in Analytical Standards Market
4.3 Revenue Analysis, 2019-2023
4.4 Market Share Analysis, 2023
4.4.1 Organic Analytical Standards Market Ranking
4.4.2 Inorganic Analytical Standards Market Ranking
4.5 Company Evaluation Matrix: Key Players, 2023
4.5.1 Stars
4.5.2 Emerging Leaders
4.5.3 Pervasive Players
4.5.4 Participants
4.5.5 Company Footprint: Key Players, 2023
4.5.5.1 Company Footprint
4.5.5.2 Region Footprint
4.5.5.3 Technique Footprint
4.5.5.4 Application Footprint
4.5.5.5 Methodology Footprint
4.5.5.6 Category Footprint
4.6 Company Evaluation Matrix: Startups/SMEs, 2023
4.6.1 Progressive Companies
4.6.2 Responsive Companies
4.6.3 Dynamic Companies
4.6.4 Starting Blocks
4.6.5 Competitive Benchmarking: Startups/SMEs, 2023
4.6.5.1 Detailed List of Key Startups/SMEs
4.6.5.2 Competitive Benchmarking of Key Emerging Players/Startups
4.7 Company Valuation & Financial Metrics
4.7.1 Company Valuation
4.7.2 Financial Metrics
4.8 Brand/Product Comparison
4.9 Competitive Scenario
4.9.1 Product Launches
4.9.2 Deals
4.9.3 Expansions
5 Company Profiles
5.1 Key Players
5.1.1 Merck KGaA
5.1.1.1 Business Overview
5.1.1.2 Products Offered
5.1.1.3 Recent Developments
5.1.1.3.1 Product Launches
5.1.1.3.2 Deals
5.1.1.3.3 Expansions
5.1.1.4 Analyst's View
5.1.1.4.1 Key Strengths
5.1.1.4.2 Strategic Choices
5.1.1.4.3 Weaknesses & Competitive Threats
5.1.2 The United States Pharmacopeial Convention
5.1.2.1 Business Overview
5.1.2.2 Products Offered
5.1.2.3 Analyst's View
5.1.2.3.1 Key Strengths
5.1.2.3.2 Strategic Choices
5.1.2.3.3 Weaknesses & Competitive Threats
5.1.3 Lgc Limited
5.1.3.1 Business Overview
5.1.3.2 Products Offered
5.1.3.3 Recent Developments
5.1.3.3.1 Product Launches
5.1.3.3.2 Deals
5.1.3.3.3 Expansions
5.1.3.4 Analyst's View
5.1.3.4.1 Key Strengths
5.1.3.4.2 Strategic Choices
5.1.3.4.3 Weaknesses & Competitive Threats
5.1.4 Agilent Technologies, Inc.
5.1.4.1 Business Overview
5.1.4.2 Products Offered
5.1.4.3 Recent Developments
5.1.4.3.1 Deals
5.1.4.3.2 Expansions
5.1.4.4 Analyst's View
5.1.4.4.1 Key Strengths
5.1.4.4.2 Strategic Choices
5.1.4.4.3 Weaknesses & Competitive Threats
5.1.5 Waters Corporation
5.1.5.1 Business Overview
5.1.5.2 Products Offered
5.1.5.3 Recent Developments
5.1.5.3.1 Deals
5.1.5.4 Analyst's View
5.1.5.4.1 Key Strengths
5.1.5.4.2 Strategic Choices
5.1.5.4.3 Weaknesses & Competitive Threats
5.1.6 Thermo Fisher Scientific Inc.
5.1.6.1 Business Overview
5.1.6.2 Products Offered
5.1.6.3 Recent Developments
5.1.6.3.1 Expansions
5.1.7 Mallinckrodt
5.1.7.1 Business Overview
5.1.7.2 Products Offered
5.1.8 Perkinelmer
5.1.8.1 Business Overview
5.1.8.2 Products Offered
5.1.9 Restek Corporation
5.1.9.1 Business Overview
5.1.9.2 Products Offered
5.1.9.3 Recent Developments
5.1.9.3.1 Product Launches
5.1.10 Spex Certiprep
5.1.10.1 Business Overview
5.1.10.2 Products Offered
5.1.11 Accustandard
5.1.11.1 Business Overview
5.1.11.2 Products Offered
5.1.11.3 Recent Developments
5.1.11.3.1 Product Launches
5.1.12 Cayman Chemical
5.1.12.1 Business Overview
5.1.12.2 Products Offered
5.1.12.3 Recent Developments
5.1.12.3.1 Deals
5.1.13 Ricca Chemical Company
5.1.13.1 Business Overview
5.1.13.2 Products Offered
5.1.14 Gfs Chemicals, Inc.
5.1.14.1 Business Overview
5.1.14.2 Products Offered
5.1.14.3 Recent Developments
5.1.14.3.1 Deals
5.1.15 Chiron as (Part of Antylia Scientific)
5.1.15.1 Business Overview
5.1.15.2 Products Offered
5.1.15.3 Recent Developments
5.1.15.3.1 Product Launches
5.1.15.3.2 Expansions
5.2 Other Players
5.2.1 Cambridge Isotope Laboratories, Inc.
5.2.2 Reagecon Diagnostics Ltd.
5.2.3 Cpi International
5.2.4 Crescent Chemical Co. Inc.
5.2.5 Inorganic Ventures
5.2.6 Alfa Chemistry
5.2.7 Biosynth
5.2.8 Hpc Standards GmbH
5.2.9 Tokyo Chemical Industry Co. Ltd.
5.2.10 Simson Pharma Limited
5.2.11 Novachem
5.2.12 Labsert
5.2.13 Wellington Laboratories Inc.
6 Appendix
6.1 Research Methodology
6.1.1 Research Data
6.1.1.1 Secondary Data
6.1.1.2 Primary Data
6.1.2 Research Limitations
6.1.3 Risk Assessment
6.2 Company Evaluation Matrix: Methodology
List of Tables
Table 1 Drugs That Lost Patent Protection, 2023
Table 2 Drugs That Lost Patent Protection, 2024
Table 3 Number of Clinical Trials, 2024
Table 4 Analytical Standard Market: Role in Ecosystem
Table 5 Analytical Standards Market: Porter's Five Forces
Table 6 Analytical Standards Market: List of Major Patents
Table 7 Analytical Standards Market: Detailed List of Key Conferences & Events, January 2025-December 2026
Table 8 Overview of Strategies Deployed by Key Players in Analytical Standards Market
Table 9 Analytical Standards Market: Degree of Competition
Table 10 Analytical Standards Market: Region Footprint
Table 11 Analytical Standards Market: Technique Footprint
Table 12 Analytical Standards Market: Application Footprint
Table 13 Analytical Standards Market: Methodology Footprint
Table 14 Analytical Standards Market: Category Footprint
Table 15 Analytical Standards Market: Detailed List of Key Startups/SMEs
Table 16 Analytical Standards Market: Competitive Benchmarking of Key Emerging Players/Startups
Table 17 Analytical Standards Market: Product Launches, January 2021-February 2025
Table 18 Analytical Standards Market: Deals, January 2021-February 2025
Table 19 Analytical Standards Market: Expansions, January 2021-February 2025
Table 20 Merck KGaA: Company Overview
Table 21 Merck KGaA: Products Offered
Table 22 Merck KGaA: Product Launches, January 2021-February 2025
Table 23 Merck KGaA: Deals, January 2021-February 2025
Table 24 Merck KGaA: Expansions, January 2021-February 2025
Table 25 The United States Pharmacopeial Convention: Company Overview
Table 26 The United States Pharmacopeial Convention: Products Offered
Table 27 Lgc Limited: Company Overview
Table 28 Lgc Limited: Products Offered
Table 29 Lgc Limited: Product Launches, January 2021-February 2025
Table 30 Lgc Limited: Deals, January 2021-February 2025
Table 31 Lgc Limited: Expansions, January 2021-February 2025
Table 32 Agilent Technologies, Inc.: Company Overview
Table 33 Agilent Technologies, Inc.: Products Offered
Table 34 Agilent Technologies, Inc.: Deals, January 2021-February 2025
Table 35 Agilent Technologies, Inc.: Expansions, January 2021-February 2025
Table 36 Waters Corporation: Company Overview
Table 37 Waters Corporation: Products Offered
Table 38 Waters Corporation: Deals, January 2021-February 2025
Table 39 Thermo Fisher Scientific Inc.: Company Overview
Table 40 Thermo Fisher Scientific Inc.: Products Offered
Table 41 Thermo Fisher Scientific Inc.: Expansions, January 2021-February 2025
Table 42 Mallinckrodt: Company Overview
Table 43 Mallinckrodt: Products Offered
Table 44 Perkinelmer: Company Overview
Table 45 Perkinelmer: Products Offered
Table 46 Restek Corporation: Company Overview
Table 47 Restek Corporation: Products Offered
Table 48 Restek Corporation: Product Launches, January 2021-February 2025
Table 49 Spex Certiprep: Company Overview
Table 50 Spex Certiprep: Products Offered
Table 51 Accustandard Inc.: Company Overview
Table 52 Accustandard: Products Offered
Table 53 Accustandard: Product Launches, January 2021-February 2025
Table 54 Cayman Chemical: Company Overview
Table 55 Cayman Chemical: Products Offered
Table 56 Cayman Chemical: Deals, January 2021-February 2025
Table 57 Ricca Chemical Company: Company Overview
Table 58 Ricca Chemical Company: Products Offered
Table 59 Gfs Chemicals, Inc.: Company Overview
Table 60 Gfs Chemicals, Inc.: Products Offered
Table 61 Gfs Chemicals, Inc.: Deals, January 2021-February 2025
Table 62 Chiron As: Company Overview
Table 63 Chiron As: Products Offered
Table 64 Chiron As: Product Launches, January 2021-February 2025
Table 65 Chiron As: Expansions, January 2021-February 2025
Table 66 Analytical Standards Market: List of Secondary Sources
Table 67 Analytical Standards Market: Risk Assessment
List of Figures
Figure 1 Analytical Standards Market, by Category, 2024 vs. 2030 (USD Million)
Figure 2 Analytical Standards Market, by Technique, 2024 vs. 2030 (USD Million)
Figure 3 Analytical Standards Market, by Application, 2024 vs. 2030 (USD Million)
Figure 4 Analytical Standards Market, by Methodology, 2024 vs. 2030 (%)
Figure 5 Analytical Standards Market: Regional Snapshot
Figure 6 Analytical Standards Market: Drivers, Restraints, Opportunities, and Challenges
Figure 7 R&D Expenditure of Top Pharmaceutical & Biotechnology Companies, 2023-2024 (USD Billion)
Figure 8 Analytical Standards Market: Value Chain Analysis
Figure 9 Analytical Standards Market: Supply Chain Analysis
Figure 10 Analytical Standards Market: Ecosystem Analysis
Figure 11 Analytical Standards Market: Porter's Five Forces Analysis
Figure 12 Top Patent Owners/Patenting Trends for Analytical Standards in Last 12 Years
Figure 13 Analytical Standards Market: Trends/Disruptions Impacting Customers’ Businesses
Figure 14 Analytical Standards Market: Impact of AI/Generative AI
Figure 15 Revenue Analysis of Key Players in Analytical Standards Market (2019-2023)
Figure 16 Market Share Analysis of Key Players in Analytical Standards Market (2023)
Figure 17 Organic Analytical Standards Market Ranking, by Key Player, 2023
Figure 18 Inorganic Analytical Standards Market Ranking, by Key Player, 2023
Figure 19 Analytical Standards Market: Company Evaluation Matrix (Key Players), 2023
Figure 20 Analytical Standards Market: Company Footprint
Figure 21 Analytical Standards Market: Company Evaluation Matrix (Startups/SMEs), 2023
Figure 22 EV/EBITDA of Key Vendors
Figure 23 Year-To-Date (YTD) Price Total Return and 5-Year Stock Beta of Key Vendors
Figure 24 Analytical Standards Market: Brand/Product Comparative Analysis
Figure 25 Merck KGaA: Company Snapshot (2023)
Figure 26 The United States Pharmacopeial Convention: Company Snapshot (2023)
Figure 27 Lgc Limited: Company Snapshot (2024)
Figure 28 Agilent Technologies, Inc.: Company Snapshot (2024)
Figure 29 Waters Corporation: Company Snapshot (2023)
Figure 30 Thermo Fisher Scientific Inc.: Company Snapshot (2023)
Figure 31 Mallinckrodt: Company Snapshot (2023)
Figure 32 Research Design
Figure 33 Analytical Standards Market: Key Data from Primary Sources

Companies Mentioned

  • Merck KGaA
  • The United States Pharmacopeial Convention
  • Lgc Limited
  • Agilent Technologies, Inc.
  • Waters Corporation
  • Thermo Fisher Scientific Inc.
  • Mallinckrodt
  • Perkinelmer
  • Restek Corporation
  • Spex Certiprep
  • Accustandard
  • Cayman Chemical
  • Ricca Chemical Company
  • Gfs Chemicals, Inc.
  • Chiron as (Part of Antylia Scientific)
  • Cambridge Isotope Laboratories, Inc.
  • Reagecon Diagnostics Ltd.
  • Cpi International
  • Crescent Chemical Co. Inc.
  • Inorganic Ventures
  • Alfa Chemistry
  • Biosynth
  • Hpc Standards GmbH
  • Tokyo Chemical Industry Co. Ltd.
  • Simson Pharma Limited
  • Novachem
  • Labsert
  • Wellington Laboratories Inc.