Global Analytical Standards Market Size, Share, Growth, Trends, and Forecast (2024 - 2031)
Global Analytical Standards Market Scope: Historical Data (2021 – 2022), Base Year (2023), Forecast Period (2024 – 2031)
Market Segmentation: By Technique (Chromatography, Spectroscopy, Titrimetry, Physical Properties Tests, and Other Techniques), Product Type (Organic, and Inorganic), Application (Bioanalytical Testing, Stability Testing, Raw Material Testing, Microbial Testing, and Other Applications), and Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa)
Market Overview
The Global Analytical Standards Market was valued at USD 1,633.5 million in 2023 and is expected to reach USD 2,785.8 million by 2031 while growing at a CAGR of 6.9% during the forecast period (2024-2031).
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Market Dynamics
This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global analytical standards market growth. Analytical standards, also called reference materials, ensure accurate calibration and validation of instruments. They act as benchmarks for assessing the precision and reliability of analytical measurements in industries requiring compliance, quality assurance, and research.
Stringent regulations across diverse industries like pharmaceuticals, environmental monitoring, food and beverages, and clinical diagnostics, coupled with the ongoing advancement and uptake of cutting-edge analytical technologies (e.g., chromatography, spectroscopy, mass spectrometry), are anticipated to fuel substantial growth in the analytical standards market. However, challenges like the high cost of analytical standards and a lack of standardization could impede market expansion.
Furthermore, the global analytical standards industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.
Segmentation – By Technique Analysis
The Global Analytical Standards Market is segmented among Chromatography, Spectroscopy, Titrimetry, Physical Properties Tests, and Other Techniques, based on technique. In 2023, Chromatography accounted for the majority of the market share*.
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Segmentation – By Product Type Analysis
The Global Analytical Standards Market is segmented among Organic, and Inorganic, based on product type. In 2023, Organic accounted for the majority of the market share*.
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Global Analytical Standards Market: Regional Analysis
Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, North America dominated the market with the highest market share, while Asia Pacific is expected to grow with the highest CAGR during the forecast period (2024 – 2031).
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Competitive Landscape
Some of the key players operating in the market are Spex Certiprep (Antylia Scientific), Waters Corporation, Mallinckrodt Pharmaceuticals, Restek Corporation, Merck KGaA, LGC Group, GFS Chemicals Inc., Chiron AS, Agilent Technologies Inc., and Cytiva (Danaher).
Table of Contents:
1. Research Methodology and Market Scope
Research Methodology
Market Scope
2. Executive Summary
3. Global Analytical Standards Market Dynamics
Drivers
Restraints
Opportunity
4. Global Analytical Standards Industry Analysis
PEST Analysis
Porter's Five Force Analysis
Recent Deals Analysis
5. Global Analytical Standards Market Segmentation, By Technique
Global Analytical Standards Market Share Analysis, By Technique
Global Analytical Standards Market Growth Analysis, By Technique
Global Analytical Standards Market Trends, By Technique
o Chromatography
o Spectroscopy
o Titrimetry
o Physical Properties Tests
o Other Techniques
6. Inorganic Global Analytical Standards Market Segmentation, By Product Type
Global Analytical Standards Market Share Analysis, By Product Type
Global Analytical Standards Market Growth Analysis, By Product Type
Global Analytical Standards Market Trends, By Product Type
o Organic
o Inorganic
7. Global Analytical Standards Market Segmentation, By Application
Global Analytical Standards Market Share Analysis, By Application
Global Analytical Standards Market Growth Analysis, By Application
Global Analytical Standards Market Trends, By Application
o Bioanalytical Testing
o Stability Testing
o Raw Material Testing
o Microbial Testing
o Other Applications
8. Global Analytical Standards Market Segmentation, By Region
Global Analytical Standards Market Share Analysis, By Region
Global Analytical Standards Market Growth Analysis, By Region
Global Analytical Standards Market Trends, By Region
o North America
o Europe
o Asia Pacific
o Latin America
o Middle East
o Africa
9. Competitive Landscape
Spex Certiprep (Antylia Scientific)*
o Company Overview
o Financial Performance
o Key Development/Strategies
o SWOT Analysis
Waters Corporation
Mallinckrodt Pharmaceuticals
Restek Corporation
Merck KGaA
LGC Group
GFS Chemicals Inc.
Chiron AS
Agilent Technologies Inc.
Cytiva (Danaher)
*Similar analysis will be provided for each company listed above.
