Analytical Standards Market 2021 Strategic Assessment- Merck KGaA; Agilent Technologies; Waters Corporation; LGC Standards; PerkinElmer Inc

Global Analytical Standards Market Size and Forecast to 2021 – 2030 is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data. The research analysts provide a detailed description of the value chain and its distributor analysis. This Market study provides comprehend Analytical Standards data that enhances the understanding, scope, and application of this report.

The study includes market share analysis and profiles of players such as Merck KGaA; Agilent Technologies; Waters Corporation; LGC Standards; PerkinElmer Inc; Restek Corporation; SPEX CertiPrep; AccuStandard Inc.; Thermo Fisher Scientific Inc; Mallinckrodt; Cayman Chemical Company; RICCA Chemical Company; GFS Chemicals Inc; Ch.

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The global analytical standards market is expected to grow from $1.34 billion in 2020 to $1.52 billion in 2021 at a compound annual growth rate (CAGR) of 11.8%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $1.98 billion in 2025 at a CAGR of 6.75%.

Market Overview:

North America was the largest region in the analytical standards market in 2020. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The high capital investment required for the analytical instruments is expected to hamper the growth of the analytical standards market in the coming years. Analytical instruments are a broad variety of tools employed for analytical purposes in clinical, oil refineries, pharmaceutical, chemical, and food processing laboratories. The cost of the instrument is generally perceived to be an investment in a new method. The cost of the analytical instrument ranges between $17,000 to $25,000. The maintenance cost further includes service contract cost of $2,000, which is usually 10%-15% of the purchase cost of the equipment every year. Therefore, the huge capital investment required for the analytical instrument’s restraints the growth of the analytical standards market.

In December 2019, LGC Ltd, a UK-based company that provides laboratory services, measurement standards, reference materials, and proficiency testing marketplaces, acquired Toronto Research Chemicals Inc for an undisclosed amount. The acquisition of Toronto Research Chemicals Inc complements LGC’s existing reference standards business, which includes the Mikromol and Dr. Ehrenstorfer’s product portfolios, and provides commercial and operational opportunities to develop the combined product and service offering to customers globally. Toronto Research Chemicals Inc is a Canada-based company that manufactures and supplies researchers in the biomedical fields with specialized complex organic small molecules not otherwise commercially available.

Market Scope:

1) By Type: Organic Standards; Inorganic Standards

2) By Technique: Chromatography; Spectroscopy; Titrimetry; Physical Property Testing

3) By Methodology: Bioanalytical Testing; Stability Testing; Raw material Testing; Dissolution Testing; Others

4) By Application: Microbiology Testing; Physical Properties Testing; Toxicity Testing; Contamination Testing; QA/QC Testing; Proficiency Testing; Stability Testing; Others

5) By End User: Food And Beverages Standards; Forensic Standards; Veterinary Drug Standards; Petrochemistry Standards; Environmental; Pharmaceutical And Life Science Standards

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Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the Organic Soft Drinks market.

Region Coverage: Asia Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Countries Coverage: USA, France, Germany, UK, China, Australia, India, Indonesia, Japan, South Korea, Russia, Brazil

The study objectives of this report are:

To study and analyze the global Analytical Standards size (value and volume) by the company, key regions/countries, products and application, history data from 2020 to 2025, and forecast to 2030.
To understand the structure of Analytical Standards by identifying its various sub-segments.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
Focuses on the key global Analytical Standards manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis, and development plans in the next few years.
To analyze the Analytical Standards with respect to individual growth trends, future prospects, and their contribution to the total market.
To project the value and volume of Analytical Standards submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.

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