Analytical Standards Market Report Future Development, Top Key Players, Share, Size and Forecast to 2025

Analytical Standards Market is projected to reach USD 1.7 billion by 2025 from USD 1.3 billion in 2020, at a CAGR of 6.3% during the forecast period. Factors such as the stringent regulatory scenario in the pharmaceutical industry, increasing public-private investments for various researches, and rising public concerns related to optimal food safety and quality are some of the key factors driving the growth of the analytical standards market. However, limited public awareness related to effective pollution monitoring strategies across developing countries is hampering the development of this market.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=8484789

Browse in-depth TOC on “Analytical Standards Market”

225 – Tables

30 – Figures

260 – Pages

Key Market Players

The analytical standards market includes major Tier I and II suppliers like Merck KGaA (Germany), Agilent Technologies (US), Waters Corporation (US), LGC Standards (UK), and PerkinElmer, Inc. (US). Other major market players in the analytical standards market include Restek Corporation (US), SPEX CertiPrep (US), AccuStandard, Inc. (US), Thermo Fisher Scientific, Inc. (US), Mallinckrodt (UK), US Pharmacopeial Convention (US), Cayman Chemical Company (US), RICCA Chemical Company (US), GFS Chemicals, Inc. (US), and Chiron AS (Norway), among others.

Drivers: Rising public concerns related to optimal food safety & quality

Food contamination is a major concern, globally. The consumption of unsafe & adulterated food can cause foodborne infections, mercury poisoning, allergic reactions, and food intoxication. For instance, ~1.7 billion cases of childhood diarrhoea disease occur every year across the globe (Source: World Health Organization 2020). In addition, 600 million people fall sick due to the consumption of contaminated food, of which ~420,000 die of foodborne diseases per year (Source: Centres for Disease Control and Prevention, January 2020).

Techniques such as mass spectrometry, chromatography, and other analytical techniques are extensively used by food testing laboratories to check for adulteration and ensure food safety. Chromatography and spectroscopy are the most commonly applied analytical techniques in quality testing and quality control of food. Liquid chromatography/mass spectrometry/mass spectrometry (LC/MS/MS) and gas chromatography/mass spectrometry (GC/MS) techniques are gaining recognition as highly specific and extremely sensitive techniques testing food products with high accuracy. Moreover, research institutes collaborate with key market players to use their advanced product offerings to ensure food safety. Additionally, the government implements strict regulations to ensure food safety in the respective countries. For instance, in July 2017, Food Standards Australia New Zealand (FSANZ) implemented strict limitations on the amount of arsenic content in rice (one milligram per kilogram). With growing concerns over food contamination and food adulteration, food safety has been prioritized by concerned authorities, thus driving the growth of the analytical testing market.

Restraint: Limited public awareness related to effective pollution monitoring strategies

The increasing pollution levels lead to various respiratory infections, respiratory diseases, allergic reactions, and cancer. Environmental degradation also results in serious environmental changes such as reduced crop yields, changes in weather patterns, and the greenhouse effect. Carbon dioxide is considered a potentially inhaled toxicant that may lead to acidosis, CNS depression, coma, convulsions, or even death. Similarly, high sulfur dioxides levels can affect lung functioning, worsen asthma attacks, and aggravate existing heart disease in sensitive groups.

Governments in various regions are taking initiatives to improve air quality. These initiatives focus on promoting public transport, walking, and cycling; promoting power plants that use clean and renewable fuels; and improving the energy efficiency of homes, commercial buildings, and manufacturing facilities. However, there is limited awareness about governments & initiatives and the impact of air and water pollution on health. This is expected to affect the adoption of pollution monitoring tests, which are performed using analytical techniques such as liquid chromatography, gas chromatography, and IR/UV spectrometry.

Opportunities: Improving healthcare infrastructure across emerging countries

Emerging markets are expected to offer significant growth opportunities to clinical microbiology product manufacturers and distributors during the forecast period. This can be attributed to the growing prevalence of infectious diseases such as HIV, tuberculosis, influenza, and malaria as well as increasing R&D initiatives to develop innovative genomic techniques for efficient disease diagnosis in developing nations.

The growth in these markets is further supported by improvements in healthcare infrastructure, growing healthcare expenditure, and increasing availability and affordability of low-cost clinical microbiology products. In line with the ongoing trend, several government initiatives have been undertaken across emerging markets (particularly in China and India) to strengthen and expand the healthcare infrastructure.

Request 10% Customization: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=8484789

Increasing importance of chromatography tests in drug approvals result in the segment occupying a high share of the analytical standards market

The chromatography technique segment owns a good market share In the analytical standards market. The large share of this segment is attributed to factors such as increasing usage of chromatography in the pharmaceutical analysis (especially HPLC) and the presence of a large number of matured and emerging suppliers that provide a broad range of chromatographic standards across the globe.

Pharmaceutical & life sciences analytical standards estimated to be the growing market

The pharmaceutical & life sciences analytical standards market is expected to witness sustained demand during the forecast period, owing to the increasing drug development in developed countries, increasing use of certified reference materials (CRMs) to ensure the quality of pharmaceuticals, increasing awareness, regulations on cosmetic products, and the rising popularity of traditional medicines. However, the high cost of pharma & life science analytical standards is expected to affect the sales of these analytical standards overall.

Asia Pacific likely to emerge as the fastest-growing analytical standards market, globally.

Geographically, the emerging Asian countries, such as China, India, South Korea, Taiwan, and Singapore, are offering high-growth opportunities for market players. The Asia Pacific analytical standards market is projected to grow at the highest CAGR from 2020 to 2025. strategic expansions of analytical instrument market players in the region, increasing focus on soil testing, food security concerns in India, an increasing number of bioclusters, high use of analytical technologies in Japan, and the growing biotechnology, biomedical, and pharmaceutical industries in China are driving the growth of the APAC analytical standards market.

Report Link: Analytical Standards Market

Recent Developments:

  • In 2020, Waters Corporation (US) established its Innovation and Research Laboratory in Massachusetts (US) for the innovation of analytical instruments and its consumables, which will strengthen the product portfolio of analytical products (including analytical standards)
  • In 2020, Restek Corporation (US) launched Ochratoxin A & Aflatoxins Standards.
  • In 2020, LGC Group (UK) launched ACCURUN Anti-SARS-CoV-2 Reference Materials and reference materials for allergen quantification.
  • In 2018, LGC Group (UK) launched VALIDATE hsTnT kit, VALIDATE Fibrinogen, and VALIDATE Procalcitonin kit

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their pain points around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 Micro Quadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: +1-888-600-6441

Email: sales@marketsandmarkets.com

Visit Our Website: https://www.marketsandmarkets.com/

Content Source: https://www.marketsandmarkets.com/PressReleases/analytical-standards.asp

Our Other Reports:

https://www.prnewswire.com/news-releases/analytical-standards-market-worth-1-7-billion-by-2025–exclusive-report-by-marketsandmarkets-301171729.html