The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

As per The Business Research Company’s Analytical Standards Global Market Report for 2023, the global market for analytical standards is projected to rise from $1.47 billion in 2022 to $1.57 billion in 2023, with a 6.2% CAGR. The market is anticipated to reach $1.97 billion by 2027, showing a 6.0% CAGR.

North America held the largest analytical standards market share, and Asia-Pacific was the fastest-growing region in 2022.

Analytical Standards Market Driver
Growing public worries about food safety and quality are expected to drive the analytical standards market. Contaminated food causes over 200 diseases, prompting widespread use of techniques like mass spectrometry and chromatography for safety testing. For example, the World Health Organization reported 600 million illnesses and 420,000 annual deaths due to adulterated food, underlining the need for improved food safety and quality standards.

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Key Analytical Standards Market Segments

The global analytical standards market is segmented –

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, Other Methodologies

4) By Application: Microbiology Testing, Physical Properties Testing, Toxicity Testing, Contamination Testing, QA/QC Testing, Proficiency Testing, Stability Testing, Other Applications

5) By End User: Food And Beverages Standards, Forensic Standards, Veterinary Drug Standards, Petrochemistry Standards, Environmental, Pharmaceutical And Life Science Standards

Analytical Standards Market Prominent Players
Major players in the analytical standards market are Merck KGaA, Agilent Technologies, Waters Corporation, LGC Standards, PerkinElmer Inc., Restek Corporation, SPEX CertiPrep, AccuStandard Inc., Thermo Fisher Scientific Inc., and Mallinckrodt.

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Prominent Analytical Standards Market Trend
Technological advancement is a prominent trend in the analytical standards market. Leading companies in this sector are actively innovating and introducing new technological solutions. For instance, in September 2020, Waters Corp, a US-based analytical laboratory instrument manufacturer, announced the establishment of the Waters Analytical Laboratory Immerse Cambridge. This initiative embraces cutting-edge analytical, informatics, and automation tools across various fields such as life sciences, food sciences, and materials sciences. It also promotes knowledge sharing through training, collaborative research, and mentoring opportunities for students and emerging professionals.

The Analytical Standards Global Market Report 2023  provides comprehensive insights on the analytical standards market size, trends and drivers, opportunities, strategies, and competitor analysis. The countries covered in the analytical standards market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

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