Analytical Standards Market Size Worth $2,605.88 Million By 2032 | CAGR: 6.5%

The global analytical standards market size is expected to reach USD 2,605.88 million by 2032, according to a new study by Polaris Market Research. The report “Analytical Standards Market Share, Size, Trends, Industry Analysis Report, By Category (Inorganic Analytical Standards, Organic Analytical Standards); By Methodology; By Technique; By Application; By Region; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Analytical standards serve various purposes, including verifying conducting tests or calibrations for analyzers, enhancing the precision of quantitative analysis, verifying the presence of specific components in mixtures, and more. These standards are available for spectroscopy, titration, electrophoresis, physical properties, microscopy, and chromatography. They cover a wide range of applications, including food and beverage, certified reference materials, GMO standards, forensic, clinical, veterinary, trace analysis, petrochemical, environmental, and cosmetic.

The global growth of the analytical standards market in the specified forecast period is driven significantly by the increasing utilization of analytical standards in proteomics and metabolomics, coupled with the escalating demand for pollution control monitoring. Additionally, favorable government initiatives, growing public concerns regarding optimal food safety and quality, heightened focus on healthcare quality, and the imperative to monitor the expiration of patented products contribute to the overall market expansion. The increased regulatory emphasis on efficient pollution monitoring and control is expected to propel the market's growth further. However, limited public awareness of effective pollution monitoring strategies poses a hindrance to market growth.

The introduction of novel and advanced clinical methods, coupled with the enhancement of healthcare infrastructure in developing nations, is anticipated to create lucrative opportunities for the market. Conversely, the potential expiration of patents for significant drugs and biomolecules poses a challenge to the market's growth.

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Additionally, the impact of the COVID-19 pandemic had a positive influence on the analytical standards market in 2020. These standards found extensive use in the production of COVID-19 vaccines, contributing to the market's growth. Moreover, the outbreak prompted innovations and product developments in analytical standards. Key players in the market increased their investment in new product developments to address the escalating market demands.

Analytical Standards Market Report Highlights

• In the year 2023, the organic segment emerged as the dominant force in the analytical standards market, securing the largest share of revenue. These standards play a crucial role in guaranteeing the precision and dependability of analytical measurements across diverse sectors, including pharmaceuticals, food and beverage, and environmental testing.
• During the projected period, the life science and pharmaceutical segment claim the majority of revenue share based on application. Analytical standards play a crucial role in the research and development activities within the life science and pharmaceutical sectors.
• In 2023, the global market was predominantly led by the North America region, securing the largest market share. Specifically, in Canada and the U.S., there are established laboratories for environmental pollution monitoring, drug testing, forensics, and food analysis. The analytical standards market in North America is mature, driven by the widespread adoption of analytical technologies across various end-user sectors.
• The global key market players include AccuStandard, Agilent Technologies, Cayman Chemical, LGC Limited, Merck KGaA, PerkinElmer Inc., Restek Corporation, RICCA Chemical Company, Shimadzu Corporation, and Waters Corporation.

Polaris Market Research has segmented the Analytical Standards market report based on methodology, technique, category, application, and region:

Analytical Standards, Methodology Outlook (Revenue - USD Million, 2019 - 2032)

• Stability Testing
• Bioanalytical Testing
• Dissolution Testing
• Raw Material Testing
• Others

Analytical Standards, Technique Outlook (Revenue - USD Million, 2019 - 2032)

• Mass Spectroscopy
• Spectroscopy
• Thin Layer Chromatography
• Viscosity Testing
• Nuclear Magnetic Resonance Spectroscopy
• Other chromatography
• X-Ray Fluorescence/Diffraction Spectroscopy
• Liquid Chromatography
• IR Spectroscopy
• Ion Chromatography
• Sieve Calibration & Particle Size Testing
• Gas Chromatography
• Chromatography
• Atomic Absorption Spectroscopy
• Colour Reference Testing
• UV/Vis Spectroscopy
• Other Spectroscopy
• Titrimetry
• Physical Property Testing
• Others

Analytical Standards, Category Outlook (Revenue - USD Million, 2019 - 2032)

• Inorganic Analytical Standards
• Organic Analytical Standards

Analytical Standards, Application Outlook (Revenue - USD Million, 2019 - 2032)

• Food and Beverage Analysis
• Pharmaceutical and Life Science Analysis
• Petrochemical Analysis
• Forensic Standards
• Veterinary Drug Analysis
• Environmental Analysis
• Others

Analytical Standards, Regional Outlook (Revenue - USD Million, 2019 - 2032)

• North America

• U.S.
• Canada

• Europe

• Germany
• UK
• France
• Italy
• Spain
• Russia
• Netherlands
• Rest of Europe

• Asia Pacific

• China
• India
• Japan
• South Korea
• Indonesia
• Malaysia
• Australia
• Rest of Asia Pacific

• Latin America

• Argentina
• Brazil
• Mexico
• Rest of Latin America

• Middle East & Africa

• UAE
• Saudi Arabia
• Israel
• South Africa
• Rest of Middle East & Africa

Analytical Standards Market Report Scope