Analytical Standards Market to Grow with a CAGR of 8.59% through 2029
Rising environmental monitoring and sustainability are
expected to drive the Global Analytical Standards Market growth in the forecast
period, 2025-2029.
According
to TechSci Research report, “Analytical Standards Market – Global Industry
Size, Share, Trends, Competition Forecast & Opportunities, 2029”,
the Global Analytical Standards Market stood at USD 2.50 billion in 2023 and is
anticipated to grow with a CAGR of 8.59% in the forecast period, 2025-2029. The
escalating demand for analytical standards is primarily propelled by the
increasingly stringent regulatory landscape spanning various industries.
Particularly in pharmaceuticals, environmental monitoring, and food safety,
regulations and guidelines are intensifying. These sectors adhere to rigorous
quality control and safety standards to safeguard consumer health and welfare.
Analytical standards play a pivotal role in assisting companies in meeting
these regulatory mandates by enabling instrument calibration, testing method
validation, and ensuring result accuracy and reliability. As regulatory
requirements continue to advance, the persistent necessity for analytical
standards fuels market expansion.
In
today's fiercely competitive business milieu, quality control stands as a
non-negotiable facet of production and manufacturing. Companies across diverse
sectors face continual pressure to deliver products and services of impeccable
quality. Analytical standards emerge as indispensable tools in this pursuit,
empowering manufacturers to ascertain the quality and uniformity of their
offerings. Leveraging reference materials with established properties,
businesses can exercise precise control over the manufacturing process and
adhere to industry-specific quality benchmarks. The mounting emphasis on
quality control drives the demand for analytical standards in sectors like
pharmaceuticals, chemicals, and electronics, fostering market growth and
innovation.
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Pages and an in-depth TOC on "Global Analytical Standards Market”
The Global Analytical Standards Market is segmented into
product, application, category, end user, regional distribution, and company.
Based
on the Category, Organic Analytical Standards and Inorganic Analytical
Standards, emerged as the dominant segment in the global market for Global
Analytical Standards Market in 2023. Organic compounds play a pivotal role across
pharmaceuticals, chemicals, and various manufacturing sectors. Among these, the
pharmaceutical industry heavily relies on organic analytical standards to
guarantee the quality and safety of drug formulations. These standards are
instrumental in calibrating and validating instruments used to analyze active
pharmaceutical ingredients (APIs), excipients, and other organic compounds. The
pharmaceutical sector's stringent regulatory landscape further propels the demand
for organic analytical standards. With organic compounds prevalent in diverse
products and processes—from medications and food additives to polymers and
petrochemicals—there's a critical need for reference materials to ensure
quality control, verify identity, and assess safety. Organic analytical
standards are indispensable in ensuring that the organic constituents of these
products meet required specifications.
Based
on the Application, Food & Beverages Standards emerged as the dominant
segment in the global market for Global Analytical Standards Market in 2023. The food and beverage
industry operates within a framework of stringent regulatory standards aimed at
safeguarding the safety and quality of products consumed by the public.
Adhering to these standards is paramount for upholding consumer protection and
public health. Analytical standards play a pivotal role in assisting
manufacturers and regulatory bodies in verifying compliance with these
regulations. Standards specific to the Food & Beverage sector are vital for
ensuring the precision of nutritional labeling, identifying contaminants, and
assessing food safety, driving a substantial demand for reference materials.
The
food and beverage sector encompasses a diverse array of products, ranging from
packaged foods and beverages to various ingredients and additives. Each of
these products presents unique analytical challenges, necessitating the use of
analytical standards for quality control, ingredient authentication, and safety
assurance. With consumers increasingly prioritizing high-quality and safe food
and beverage items, manufacturers must utilize analytical standards to validate
product excellence, nutritional accuracy, and the absence of harmful
substances.
In
today's interconnected global marketplace, food and beverage products traverse
international borders. Harmonized standards are essential for maintaining
consistency in product quality and safety across different regions. Analytical
standards play a crucial role in facilitating international trade by
establishing a common reference point for quality assurance and regulatory
compliance.
Based
on region, North America emerged as the dominant player in the Global
Analytical Standards Market in 2023, holding the largest market share. North America, notably
the United States, boasts a thriving pharmaceutical and biotechnology sector.
The need for analytical standards in drug development, quality control, and
research is considerable. The region's prominence is attributed to the presence
of leading pharmaceutical and biotech firms, coupled with a dynamic research
ecosystem, which significantly drives the demand for reference materials. The
United States, in particular, upholds rigorous regulatory standards across
industries like pharmaceuticals, food and beverages, and environmental
monitoring. Adherence to these standards is imperative to ensure product
integrity, safety, and effectiveness. Analytical standards are instrumental in
meeting regulatory requirements, thereby amplifying their demand in the region.
North America leads in technological innovation, with a strong focus on
cutting-edge analytical instrumentation. The continual advancement of
analytical technologies underscores the need for high-quality reference
materials for calibration and validation, further augmenting the demand for
analytical standards.
Major companies operating in Global Analytical
Standards Market are:
·
Merck KGaA.
·
Aglient Technologies
·
Waters Corporation
·
LGC Standards
·
Perkinelmer, Inc.
·
Restek Corporation
·
Spex CertiPrep
·
Accustandards, Inc.
·
Thermo Fisher Scientific, Inc.
·
The United States Pharmacopeial
Convention (Usp)
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“The Global Analytical Standards Market is primed for
significant expansion in the foreseeable future. These standards are
instrumental in guaranteeing the precision, dependability, and adherence to
regulations in analytical processes. Moreover, emerging trends like
personalized medicine, green chemistry, and nanotechnology will drive demand
for specialized analytical standards tailored to these evolving requirements.
The globalization of trade and the alignment of international standards will
further bolster the market by ensuring uniform product quality across borders.
With an increasing focus on sustainability, environmental surveillance, and
public health, the analytical standards market is poised to play a vital role
in tackling the global challenges of tomorrow” said Mr. Karan Chechi, Research
Director, TechSci Research, a research-based management consulting firm.
“Analytical
Standards Market - Global Industry Size, Share, Trends, Opportunity, and
Forecast, Segmented By Technique (Chromatography, Spectroscopy, Nuclear
Magnetic Resonance Spectroscopy, X-Ray Fluorescence/Diffraction Spectroscopy,
Others), By Methodology (Bioanalytical Testing, Stability Testing, Raw material
Testing, Dissolution Testing, Other Methodologies), By Category (Organic
Analytical Standards, Inorganic Analytical Standards), By Application (Food
& Beverages Standards, Flavor & Fragrance, GMO (Genetically Modified
Organisms) Standards, Mycotoxin Standards, Forensic Standards, Biofuel Standards,
Others) Region and Competition, 2019-2029F”, has evaluated the future growth
potential of Global Analytical Standards Market and provides statistics &
information on market size, structure and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in Global Analytical Standards Market.
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