Analytical Standards Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 - 2029

  • Single User License $3500

Analytical Standards Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 - 2029

Status : May, 2021 | Biotechnology

Report Digest

Global Analytical Standards Market – Overview

The global analytical standards market provides increasing public concerns related to optimum food quality and safety, increasing applications of different analytical techniques in proteomics & metabolomics, and better regulatory emphasis on efficient pollution control and monitoring are some of the important factors driving the growth of the analytical standards market. The COVID-19 pandemic has considerably affected the analytical standards market. The analytical instrumentation sector is facing challenges in the manufacturing and supply chain, such as delivering products to end-users promptly and attending to an uneven demand for the products and services in this sector.

Global Analytical Standards Market – Notable Developments

  • In 2020, Waters Corporation (US) established its Innovation and Research Laboratory in Massachusetts (US) for the innovation of analytical instruments and its consumables, which will strengthen the product portfolio of analytical products (including analytical standards)
  • In 2020, Restek Corporation (US) launched Ochratoxin A & Aflatoxins Standards.
  • In 2020, LGC Group (UK) launched ACCURUN Anti-SARS-CoV-2 Reference Materials and reference materials for allergen quantification.
  • In 2018, LGC Group (UK) launched VALIDATE hsTnT kit, VALIDATE Fibrinogen, and VALIDATE Procalcitonin kit.

Merck KGaA (Germany), Agilent Technologies (US), Restek Corporation (US), SPEX CertiPrep (US), AccuStandard, Inc. (US), Thermo Fisher Scientific, Inc. (US), Waters Corporation (US), LGC Standards (UK), and PerkinElmer, Inc. (US) are the major players in analytical standards market.

Some of the key developments in the global analytical standards market are given below:

Global Analytical Standards Market – Drivers and Restraints

There are several factors that are helping to drive the overall growth of the global analytical standards market. One of the key driving factors for the market growth has been increasing use of techniques such as chromatography, mass spectrometry, and other analytical techniques by the end user industries such as food laboratories to check for adulteration and make sure of food safety. Spectroscopy and chromatography are some of the most commonly applied analytical techniques in quality control of food and quality testing. All these factors are expected to drive the overall development of the global analytical standards market. In addition to this, strict regulations for ensuring food safety by different countries is also helping to drive the market growth.

However, there are some factors that impeding the development of the global analytical standards market. One of the key restraining factor for the market has been lack of awareness among people related to effective pollution monitoring strategies.

Global Analytical Standards Market – Geographical Outlook

In terms of geographical segmentation, the global analytical standards market is currently divided into five key regions. These five regions are North America, Latin America, Asia Pacific, Europe, and the Middle East and Africa. Of these, currently, the global market is being dominated by the regional segment of North America. Canada and the US are the key segments of the North America region. It is a mature market with great penetration of analytical technologies among the key end users and properly established distribution channels for analytical standards. Easy accessibility to and increasing adoption of advanced analytical technologies because of the considerable per capita annual health care spending by the US and Canadian governments, as well as great backing by the government regulations are some of the key factors that are helping to drive the growth of the North America market.

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?