Analytical Standards Global Market Report 2022 by The Business Research Company is the most comprehensive report available on the market, being wide-ranging both in terms of chronology and geography. It covers the historic period – 2016-2021, and the forecast period – 2022-2026, with additional forecasts for 2026-2031. The report helps gain a truly global perspective as it covers 60 geographies, focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
TBRC’s market report includes a chapter on the COVID-19 impact on the analytical standards industry, which gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market and how companies can strategize to bounce back from it. With updated market numbers according to the effects of the coronavirus, the report provides the most accurate expected analytical standards market growth numbers from 2022-2031.
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The global analytical standards market size is expected to grow from $1.39 billion in 2021 to $1.46 billion in 2022 at a compound annual growth rate (CAGR) of 5.3%. The global analytical standard market share is expected to grow to $1.79 billion in 2026 at a CAGR of 5.2%.
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The Analytical Standards Global Market Report 2022-31 by The Business Research Company evaluates analytical standards market size, growth rate, drivers, analytical standards industry trends, and major companies.
The analytical standards market segments in the report are:
1) By Type: Organic Standards, Inorganic Standards
2) By Technique: Chromatography, Spectroscopy, Titrimetry, Physical Property Testing
3) By Methodology: Bioanalytical Testing, Stability Testing, Raw Material Testing, Dissolution Testing, Others
4) By Application: Microbiology Testing, Physical Properties Testing, Toxicity Testing, Contamination Testing, QA/QC Testing, Proficiency Testing, Stability Testing, Others
5) By End-User: Food and Beverages Standards, Forensic Standards, Veterinary Drug Standards, Petrochemistry Standards, Environmental, Pharmaceutical and Life Science Standards
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This market report also allows you to identify the future opportunity and growth rate of the leading segment based on regions and countries.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the analytical standards market include Merck KGaA, Agilent Technologies Inc., Waters Corporation, LGC Standards, Restek Corporation, Thermo Fischer Scientific, General Electric Company, PerkinElmer, Inc., Mallinckrodt Baker, Inc., and SPEX CertiPrep.
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers& acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Analytical Standards Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/analytical-standards-market/download-sampleMarket DynamicsThe life science industry is expanding at a rapid rate.
The demand for analytical standards is largely dependent the life science and healthcare industries.
This is expected to increase the analytical standards market during the forecast period.
Analytical standards have large demand in the biopharmaceutical industry, for the development of various biomarkers, biologic drugs, drug discovery, and therapeutic drug monitoring leads to increase the demand for analytical standards during the forecast period.
The global analytical standards market is projected to reach USD 1.73 Billion by 2022 from 1.27 Billion in 2017, at a CAGR of 6.3%.
Some of the factors driving the growth of this market are the stringent regulations over pharmaceutical industry, rising public concern related to optimal food safety and quality, increasing public-private investments for various research, and growing use of analytical techniques in proteomics and metabolomics.
However, limited public awareness related to effective pollution monitoring strategies and stringent storage requirements for analytical standards are the key factors hindering the growth of the market.
Analysis of the market developments between 2014 and 2017 (April) reveals that several growth strategies such as product launches, strategic acquisitions, agreements, partnerships, collaborations, and expansions are adopted by the market players to strengthen their product portfolios and maintain a competitive position in the analytical standards market.
Among these business strategies, product launches and expansions were the most widely adopted growth strategies by players in the market.Merck KGaA (Germany) holds the leading position in the market with its broad range of analytical standards.
The market has witnessed several product launches by Merck KGaA (Germany) in the last three years including Cerilliant certified reference materials, internal standards of antifungal agents (including fluconazole, itraconazole, ketoconazole, posaconazole, and voriconazole), and tryptamine reference standards.
