PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1299738
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1299738
Analytical Standards Market size was valued at USD 1,380.4 Million in 2022, expanding at a CAGR of 8.8% from 2023 to 2030.
Analytical standards are compounds of known concentration and high purity that are used as calibration standards for a specified assay. Additionally, the food testing labs are focusing on techniques such as mass spectrometry and chromatography to ensure the food's safety and to check all the contamination. Moreover, the analytical standard are primarily utilized in microbiological testing, toxicity testing, contamination testing, physical property testing, QA/QC testing, stability testing, and proficiency testing.
The rising applications of the analytical standards metabolomics and proteomics along with pollution control monitoring has been rising worldwide are the major factors attributed to propelling the market growth of the analytical standards. Additionally, public awareness related to food quality & safety, favorable government initiatives, and a rising focus on healthcare quality. This in turn projected to drive market growth over the forecast period. However, a lack of public awareness in terms of effective pollution monitoring strategies may hamper the analytical standards market growth.
Moreover, improving healthcare infrastructure across emerging countries and innovation of new and advanced clinical methods are opportunities to stimulate market growth. The COVID-19 had a significant impact on the analytical standard market. The analytical standard techniques have been majorly used in manufacturing of the COVID-19 vaccine mainly, thus contributing to the market growth.
The global analytical standards market is segmented on the basis of techniques, category, application, and region.
The market is divided into four categories based on techniques: chromatography, spectroscopy, titration, and physical property testing. The chromatography sector is expected to hold the largest market share because of the presence of various numbers of emerging and mature suppliers offering a range of chromatography standards globally.
The market is divided into two categories based on category: primary standards and secondary standards. The primary standard sector is likely to maintain its dominance over the forecast period. Primary standard offers excellent properties and they can combine all the analytics' interests for identifying the amount of high accessibility with high stability worldwide.
The market is divided into six categories based on application: food & beverages, forensic standard, veterinary drug standard, petrochemistry standard, environmental analysis, and pharmaceuticals. The environmental analysis sector is expected to dominate the market. The growth of the sector is majorly attributed due to the regulatory mandates related to the environment, increasing awareness of the importance of a clean environment, increasing emissions.
Key players are competing on various aspects such as performance, availability, product costs, product making, and reputation. Moreover, the increasing demand for food and safety is surging the demand for the analytical standard market. Market players are adopting techniques to enlarge their market including R&D investment, mergers & acquisitions, new product launches, collaboration, and partnerships. For instance, in July 2022, Bio-Rad a company announced EconoFit low-pressure prepacked chromatography column packs. Additionally, it helps to support reason screening experiments in developing protein purification workflows.
This proposed research study on analytical standards market provides market size (US$ million), compound annual growth rate (CAGR %) and forecast estimation (2023-2030), considering 2022 as the base year.
The research report elucidates potential growth opportunities across different segments/countries and explains attractive investment proposition matrix for analytical standards market.
The overall report identifies new investment opportunities, challenges faced by established players, and growth factors to sustain in the analytical standards market.
Impact of COVID-19 on analytical standards market size, forecast, CAGR, and market dynamics are discussed in detail under the research scope. Detailed insight on analytical standards market post-COVID will also be covered.
In order to give the users of this report a comprehensive view on the analytical standards market, we have also included competitive landscape and key innovator analysis for the analytical standards market.
The study encompasses a growth prospect mapping analysis, wherein all the industry segments are benchmarked based on their market size, growth rate and attractiveness.
The report offersdetailed company profiling featuring major market participantswhich will help users to understand their financial information and strategic initiatives of players operating in the analytical standards market.
In addition, the report also unveil the important acquisitions & mergers, collaborations & joint ventures, new launch, research & development, regional expansion of major participants involved in the market on global as well as regional level.
The global analytical standards market report primarily caters to various stakeholders in this industry including suppliers, investors, new entrants, distributors, and financial analysts.
The scope of this report covers the market by its major segments, which include as follows: