Press release
Strategic Forecast for the Analytical Standards Industry: Market Outlook 2025-2034
Analytical Standards
Analytical Standards Market Size Growth Forecast: What to Expect by 2025?
Over the past few years, there has been substantial growth in the market size of analytical standards. It is projected to expand from $1.68 billion in 2024 to $1.79 billion in 2025, with a compound annual growth rate (CAGR) of 6.8%. The past period's expansion could be due to the burgeoning of emerging markets, rigid regulatory environment in the pharmaceutical field, more robust quality rules for drug manufacturers, worldwide growth of pharmaceutical and biotech sectors, and the heightened utilisation of analytical methods in the monitoring of pesticides.
How Will the Analytical Standards Market Size Evolve and Grow by 2029?
A significant expansion in the analytical standards market size is anticipated in the coming years. The market is predicted to reach $2.4 billion by 2029, growing at a compound annual growth rate (CAGR) of 7.6%. This growth during the predicted period can be credited to governmental backing, advancements in healthcare infrastructure and expenditure, increased public concern regarding the quality and safety of food, heightened regulatory focus on efficient pollution monitoring and control, and the expiration of key pharmaceutical patents. The forecast period sees notable trends such as government support, enhancements in healthcare infrastructure or expenditure, public worry over quality food safety, stricter regulatory focus on pollution monitoring and control, and the expiration of major pharmaceutical drugs' patents.
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What Drivers Are Propelling the Growth of Analytical Standards Market Forward?
The increase in public apprehension towards the assurance of optimal food safety and quality has been forecasted to stimulate the expansion of the analytical standards market in the near future. Consuming food that has been tainted or manipulated, containing toxic compounds, hazardous bacteria, parasites, and viruses, can result in over 200 illnesses, from diarrhoea to cancer. Techniques like mass spectrometry and chromatography are utilized extensively by laboratories that test food to check for decay and ensure food safety. For example, as per the World Health Organization in May 2022, a Switzerland-based Intergovernmental organization, reported that each year, contaminated food causes 420,000 deaths and sickens 600 million people, equating to one in ten deaths globally and 33 million DALYs (disease-avoidable life years). Hence, these increasing public concerns regarding food safety and quality are key in propelling the growth of the analytical standards market.
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Which Emerging Trends Are Transforming the Analytical Standards Market in 2025?
Prominent businesses in the analytical standards sector are concentrating on refining endotoxin testing methodologies, like swift and delicate monocyte activation tests (MAT), to augment the precision, efficacy, and regulatory approval of safety examinations in pharmaceuticals and medicinal devices. A quick and delicate monocyte activation tests, a lab experiment, are designed to identify pyrogens such as bacterial endotoxins by observing the activation response of monocytes to these substances. For example, FUJIFILM Wako Chemicals, an American firm that manufactures and distributes chemical reagents, launched two innovative testing kits such as the LumiMAT Pyrogen Detection Kit and PYROSTAR Neo+ in June 2024. Both are state-of-the-art detection kits that offer viable alternatives to conventional testing techniques, greatly enhancing detection speed and reliability.
What Are the Key Segments in the Analytical Standards Market?
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.
Subsegments:
1) By Organic Standards: Volatile Organic Compounds (VOCs), Pesticide Standards, Pharmaceutical Standards
2) By Inorganic Standards: Heavy Metal Standards, Mineral Standards, Ion Standards
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Who Are the Key Players Shaping the Analytical Standards Market's Competitive Landscape?
Major companies operating in the analytical standards market include 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, 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, SGS, JLA Argentina, Galab Peru, NSF-INASSA, Huber group, Eurofins, Alicorp, Gulf Bio Analytical, GHP Testing & Calibration Lab, Lab Gulf, Industrial Analytical (Pty) Ltd, USP, Mettler-Toledo LLC, OI Corporation, Bruker Corporation
What Geographic Markets Are Powering Growth in the Analytical Standards Market?
North America was the largest region in the analytical standards market in 2024. 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.
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