Global Analytical Standards Market Report 2022 – Market Forecast, Trends And Strategies

17 Oct, 2022

The global analytical standards market size is expected to grow from $1,392.61 million in 2021 to $1,465.98 million in 2022 at a compound annual growth rate (CAGR) of 5.3%. The global analytical standards market size is expected to grow to $1,794.29 million in 2026 at a CAGR of 5.2%.

What is the Global Analytical Standards Market?

The analytical standards market consists of sales of analytical standards and related products by entities (organizations, sole traders, and partnerships) that manufacture analytical instruments. An analytical standard is a high-grade compound and a defined concentration to be used as a calibration standard for a specified experiment. Analytical standards are introduced in all fields such as veterinary, life sciences, food, and beverage, forensics, environmental and pharmaceutical industries.

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What drives the Global Analytical Standards Market?

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, according to the World Health Organization’s report published in 2020, it is projected that 600 million (nearly 1 in 10 people) fall ill in the nation after consuming adulterated food and 420 000 die each year, resulting in the loss of 33 million healthy years of life. Diarrheal illnesses are the most prevalent diseases caused by the ingestion of infected food, leading 550 million individuals to fall sick and 230 000 losses per year. Therefore, the rising public concerns related to optimal food safety and quality drive the growth of the analytical standards market.

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Global Analytical Standards Market Segments
The global analytical standards market is segmented:
By Type: Organic Standards, Inorganic Standards
By Technique: Chromatography, Spectroscopy, Titrimetry, Physical Property Testing
By Methodology: Bioanalytical Testing, Stability Testing, Raw material Testing, Dissolution Testing, Other Methodologies
By Application: Microbiology Testing, Physical Properties Testing, Toxicity Testing, Contamination Testing, QA/QC Testing, Proficiency Testing, Stability Testing, Other Applications
By End User: Food and Beverages Standards, Forensic Standards, Veterinary Drug Standards, Petrochemistry Standards, Environmental, Pharmaceutical and Life Science Standards
By Geography: The regions covered in the analytical standards market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Analytical Standards Global Market Report 2022provides market size and growth forecasts for the global analytical standards market, global analytical standards market share, analytical standards global market segments and geographies, analytical standards global market competitive landscape including leading competitors’ revenues, profiles and market shares. The analytical standards market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Global Analytical Standards Industry Playersinclude Merck KGaA, Agilent Technologies, Waters Corporation, LGC Standards, PerkinElmer Inc, Restek Corporation, SPEX CertiPrep, AccuStandard Inc., Thermo Fisher Scientific Inc, and Mallinckrodt. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.