The global analytical standards market is anticipated to grow at a considerable CAGR of around 5% during the forecast period (2024-2031). In analytical standards technical development, innovative technology, and certified reference materials allow many laboratories to generate accurate and reproducible data by using reliable standards. Moreover, the material certified by analytical standard offers the highest level of quality assurance, accuracy, and traceability due to the factor there is a high demand for analytical standards to assure the quality and safety of the substances the analytical standard market is accepted to grow. For instance, in September 2020, Waters Corporation founded its Innovation and Research Laboratory in Massachusetts (US), for the innovation of analytical instruments and its consumables, that will strengthen the product portfolio of analytical products (including analytical standards). It has also opened innovation concept features for analytical, informatics, and automation tools that apply to a variety of disciplines across life sciences. 

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Additionally, the increase in demand for analytical instruments and the growing importance of analytical tests in the approval of biologics and biosimilars will propel the growth of analytical standards for the life science market. For instance, in June 2019, 19 biosimilar medicines were approved by Food Drug Administration (FDA) and more than 60 have been approved by European Medicines Agency (EMA). To develop and establish biosimilarity between drugs, extensive analytical testing and standards confirm the structural and functional matching of the drug, while confirmatory clinical trials.

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Market Coverage

Segment Covered- 

o             By Product Type

o             By Technique

o             By Application

Regions Covered-

o             North America

o             Europe

o             Asia-Pacific

o             Rest of the World

Competitive Landscape- Agilent Technologies, Inc., Crescent Chemical Co., LGC Ltd., Merck KGaA, PerkinElmer Inc., Restek Corp. WATERS CORP. and others.

Key questions addressed by the report

What is the market growth rate?
Which segment and region dominate the market in the base year?
Which segment and region will project the fastest growth in the market?
How has COVID-19 impacted the market?

o             Deviation from the pre-COVID-19 forecast

o             Most affected region and segment

Who is the leader in the market?
How players are addressing challenges to sustain growth?
Where is the investment opportunity?

Global Analytical Standards Market Report by Segment

By Product
Organic
Inorganic
By Technique
Chromatography
Spectroscopy
Titrimetry
Physical Properties Tests
Others 
By Battery
Bioanalytical Testing
Stability Testing
Raw Material Testing
Microbial Testing
Other 




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