Analytical Standards Market: Latest Insights, Growth Rate, Future Trends And Forecast To 2033

The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Analytical Standards Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $2.21 billion In 2028 At A CAGR Of 7.0% :

The analytical standards market size has grown strongly in recent years. It will grow from $1.57 billion in 2023 to $1.69 billion in 2024 at a compound annual growth rate (CAGR) of 7.1%. The growth in the historic period can be attributed to emerging markets growth, the stringent regulatory scenario in the pharmaceutical industry, the increasing strict quality regulations for drug manufacturers, the expansion of pharmaceutical and biotechnology industries worldwide and the increased adoption of analytical techniques in pesticide monitoring.

The analytical standards market size is expected to see strong growth in the next few years. It will grow to $2.21 billion in 2028 at a compound annual growth rate (CAGR) of 7.0%. The growth in the forecast period can be attributed to the government support, the improving healthcare infrastructure/expenditure, the rising public concerns related to optimal food safety and quality, the greater regulatory emphasis on effective pollution monitoring and control and patent expiry for major pharmaceutical drugs. Major trends in the forecast period include the government support, the improving healthcare infrastructure/expenditure, the rising public concerns related to optimal food safety and quality, the greater regulatory emphasis on effective pollution monitoring and control and patent expiry for major pharmaceutical drugs.

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Analytical Standards Market Major Segments
The analytical standards market covered in this report is segmented -

1) By Type: Organic Standards, Inorganic Standards
2) By Technique: Chromatography, Spectroscopy, Titrimetry, Physical Property Testing
3) By Application: Bioanalytical Testing, Stability Testing, Raw Material Testing, Dissolution Testing, Microbiology Testing, Physical Properties Testing, Toxicity Testing, Contamination Testing, QA/QC Testing, Proficiency Testing, Other Applications.
4) By End User: Food And Beverages Standards, Forensic Standards, Veterinary Drug Standards, Petrochemistry Standards, Environmental, Pharmaceutical And Life Science Standards, Other End Users.

Key Driver - Growing Concerns For Food Safety Propel Analytical Standards Market Growth

The rising public concerns related to optimal food safety and quality are predicted to boost the growth of the analytical standards market over the coming years. Consumption of contaminated and adulterated food comprising chemical compounds, dangerous bacteria, parasites, and viruses produces more than 200 diseases ranging from diarrhea to cancer. Analytical techniques such as mass spectrometry and chromatography are widely employed by food testing laboratories to scan for spoilage and guarantee food safety. For instance, in May 2022, according to the World Health Organization, a Switzerland-based Intergovernmental organization, every year 420000 people die and 600 million people fall unwell from eating contaminated food, accounting for about one in ten deaths worldwide and 33 million DALYs (disease-avoidable life years). Therefore, the rising public concerns related to optimal food safety and quality drive the growth of the analytical standards market.

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Prominent Trend - Advancements In Endotoxin Testing Solutions Strengthen Analytical Standards In Pharmaceuticals

Analytical Standards manufacturers are developing endotoxin testing solutions for the testing of raw materials, in-process samples, and manufactured parental products. Bacterial endotoxin testing (BET) is a critical component of safety in the pharmaceutical and biomedical industries. If bacterial endotoxins reach high enough concentrations in a patient's bloodstream, they can induce severe symptoms including fever and septic shock, and in the most severe cases, they can be fatal. As a result, before being released to the market, every pharmaceutical product that will enter the body, including parenteral medicines and injectable devices, must be tested for the presence of endotoxins. These quality control (QC) tests also adhere to regulatory criteria imposed by the European and American Pharmacopoeias, as well as the US Food and Drug Administration (FDA). For instance, in 2021, Lonza Group Ag, a Switzerland-based chemicals and biotechnology company, expanded its PyroTec PRO Automated Robotic Solution for Endotoxin testing. The new PyroWave Reader add-on has been specifically created for use with the long-lasting PyroGene Recombinant Factor C (rFC) Assay. This third test type option allows QC microbiologists to select the endotoxin test method that best meets their testing requirements.

Analytical Standards Market Players
Major companies operating in the analytical standards market report are Merck KGaA, Agilent Technologies Inc, Thermo Fisher Scientific Inc, Waters Corporation, PerkinElmer Inc., Mallinckrodt, LGC Standards, Restek Corporation, GFS Chemicals Inc, RICCA Chemical Company, Spectro Analytical Labs, Takara Bio Inc, Shimadzu corporation, GL sciences Inc, Tosoh corporation, TCI chemicals, Abbott Laboratories, Sysmex Corporation, Mindray Medical International Limited, Shanghai Kehua Bio-Engineering Co. Ltd, Cambridge Isotope Laboratories, Seron Technologies, Starna Scientific ltd, Bernd Kraft GmbH, VICI AG International, Armin, European Directorate for the Quality of Medicines & HealthCare (EDQM), Nanolek, Wessling Romania SRL, Anahem, Trilogy Europe B.V, Alpen Pharma AG, Spex Certiprep, Accustandard, Cayman Chemical Company, Chiron As, T&E-Analítica, OLib, SGS, JLA Argentina, Galab Peru, NSF-INASSA, Huber group, Eurofins, Alicorp, Gulf Bio Analytical, GHP Testing & Calibration Lab, Lab Gulf, Novartis Pharma, Rafa Labs, Julphar, Industrial Analytical (Pty) Ltd, USP, Mettler-Toledo LLC, OI Corporation, Bruker Corporation

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Largest And Fastest Growing Region In The Market
North America was the largest region in the analytical standards market in 2023. Asia-Pacific is expected to be the fastest-growing region in the market. The regions covered in the analytical standards market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Analytical Standards Market Report Structure
3. Analytical Standards Market Trends And Strategies
4. Analytical Standards Market - Macro Economic Scenario
5. Analytical Standards Market Size And Growth
…..
27. Analytical Standards Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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