With the emergence and long-term Impact of COVID-19, Global Analytical Standards Market to reach USD 2.39 billion by 2030
Bizwit Research & Consulting LLP’s recent analysis on the Global points towards a potential rise to USD 2.39 billion by 2030. Analytical standards are very pure and well-characterized chemical compounds or materials that serve as benchmark points for various analytical techniques. They function similarly to analytical rulers and scales, ensuring the accuracy and dependability of the measurements. The Analytical Standards Market is expanding because of factors such as rising consumer awareness related to optimal food safety and quality measures, the growing burden of chronic diseases combined with an increase in drug development, and increasing demand for quick and reliable results for expanding patient populations.
Geographically, the global Analytical Standards market has been segmented into North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa (MEA). North America dominated the market in 2022 owing to factors such as the growing incidence of infectious diseases in the region, advancements in formulations of modern medications and growing consumer awareness related to product safety and quality control standards. Furthermore, according to the CDC in 2021, homosexual, bisexual, and other men who reported male-to-male sexual contact accounted for 70% (22,400) of the predicted 32,100 new HIV infections and 86% of all sexual male infections.
Asia Pacific is expected to grow significantly over the forecast period. Due to rising food safety and quality standards APAC countries are expanding their investment in analytical standards to assure food safety and solve contamination challenges. Additionally, the region’s rising healthcare infrastructure and manufacturing in key regions such as India, China, and Japan is also a key factor in driving the Asia-Pacific market.
The global Analytical Standards market is highly competitive owing to the presence of several key players such as Restek Corporation Merck KGaA Thermo Fisher Scientific Inc. Waters Corporation Mallinckrodt Pharmaceuticals GFS Chemicals Inc. Chiron AS Agilent Technologies Inc. Shanghai Medicilon Inc. PerkinElmer Inc, and others.
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Key findings of the study suggest:
- Global Analytical Standards Market is anticipated to grow with a healthy growth rate of more than 6.9% over the forecast period 2023-2030.
- In the Category segment, Organic emerged out as the leading market segment in 2022.
- North America is anticipated to drive regional growth owing to advancements in formulations of modern medications in the region.
- Asia Pacific is expected to grow at higher rate owing to increasing investment in analytical standards to assure food safety in the region.
Bizwit Research & Consulting has considered following segments for the study:
By Category:
- Organic
- Inorganic
By Technique:
- Chromatography
- Spectroscopy
- Titrimetry
- Physical Property Testing
By Methodologies:
- Bioanalytical Testing
- Stability Testing
- Raw Material Testing
- Dissolution Testing
- Other Methodologies
By Application:
- Food & Beverages Standards
- Pharmaceutical and Life Science Standards
- Forensic Standards
- Veterinary Standards
- Petrochemistry Standards
- Environmental Standards
Regional Outlook
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Korea
- Australia
- RoAPAC
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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