Analytical Standards Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The Analytical Standards Market is Segmented by Technique (Chromatography, Spectroscopy, Titrimetry, and Physical Properties Tests), Product Type, Application, and Geography.

Analytical Standards Market Snapshot

Analytical Standards Market
Study Period: 2018 - 2026
Base Year: 2021
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 5.5 %

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Market Overview

The analytical standards market studied was anticipated to grow with a CAGR of 5.5% during the forecast period. The major factors attributing to the growth of the analytical standards market are rising stringent quality legislation for drug manufacturers, which has lead to a huge demand for analytical standards across the globe. The steep rise in the global prevalence of infectious diseases, HIV, cancers, and other diseases has also necessitated the development of novel drugs and diagnostic products. According to the Joint United Nations Programme on HIV and AIDS (UNAIDS) report, about 24.5 million people with HIV were accessing antiretroviral therapy globally in 2019. This is expected to increase in the forecast period. Thus, an increasing global burden of diseases leads to develop new drugs, and their validations with enhanced quality lead to the growth of the market. Additionally, a steep rise in quality testing of products with regular inspections, certification of analytical procedures, and others are likely to contribute to the growth of the global market during the forecast period.

Scope of the Report

Analytical standards are used to confirm the presence of a specific analyte in a mixture of components. These standards help measure the purity and quality of the formulations, drugs, biomarkers to increase the precision of an analytical procedure and to calibrate various analytical equipment.

Physical Properties Tests
Other Techniques
Product Type
Bioanalytical Testing
Stability Testing
Raw Material Testing
Microbial Testing
Other Applications
North America
United States
United Kingdom
Rest of Europe
South Korea
Rest of Asia-Pacific
Middle-East and Africa
South Africa
Rest of Middle-East and Africa
South America
Rest of South America

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Key Market Trends

The Chromatography Sub-segment by Application is Expected to Hold the Largest Market Share in the Analytical Standards Market

The chromatography technique is anticipated to hold the largest market share in the analytical standards market throughout the forecast period. The dominance of this technique can be attributed to their high performance in the identification and separating the impurities with the most straightforward procedures. Their rapid and precise method of separation in various forms of samples contains a wide range of components. Furthermore, the availability of equipment, reagents, and reference standards for various types of chromatography such as liquid chromatography, gas chromatography, and others have increased their demand. Additionally, the application of this equipment in-line with other analytical instruments, such as mass spectrometers, etc., increased adoption of the technique. Thus, easier inter-operability that requires less manpower has reduced overall cost of analysis is expected to drive the growth of the segment.

Analytical Standards Market.png

North America Dominates the Market and it is Expected to do the Same in the Forecast Period

North America is expected to dominate the overall analytical standards market throughout the forecast period. The highest revenue can vary due to the presence of a high volume of key players with higher affordability and favorable government initiatives to develop innovative drugs. As per the U.S. Department of Health & Human Services report published in January 2020, about 37,832 people in the United States were diagnosed with HIV in 2018, and 38,000 new HIV infections are recorded each year. This results in the necessity of developing high-quality drugs and other products with enhanced safety precautions in a lesser period. This leads to a rise in demand for analytical standards such as Abacavir sulfate, other new molecules under development. Furthermore, the increased adoption rate of advanced infrastructure by the analytical testing companies and the volume of diagnostic centers are factors estimated to boost the market in the region.

Analytical Standards Market

Competitive Landscape

The Analytical standards market is moderately competitive and consists of several major players. Some of the companies are expanding their market position by adopting various strategies such as mergers & acquisitions. For instance, in August 2019, LGC acquired a majority stake in Toronto Research Chemicals (TRC), strengthening its presence in the reference standards market. The acquisition provides commercial and operational opportunities to develop the combined product and service offering to customers globally. Additionally, various blockbuster product portfolios of TRC such as Mikromol and Dr Ehrenstorfer were added to LGC’s existing reference standards business. Such strategic alliances are expected to have a positive impact on the market over the course of the period. Some of the companies which are currently dominating the market are Mallinckrodt Pharmaceuticals, Merck KGaA, Waters Corporation, Restek Corporation, and LGC Group.

Table of Contents


    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study




    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Increased Demand for Quicker and Reliable Results along with Product Safety and Quality

      2. 4.2.2 Increasing Investments in Clinical Trials by Bio-pharmaceutical Companies

    3. 4.3 Market Restraints

      1. 4.3.1 Lack of Skilled Professionals

      2. 4.3.2 Challenges in Development of Analytical Standards and Reagents Due to Complex Regulatory Requirements.

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry


    1. 5.1 Technique

      1. 5.1.1 Chromatography

      2. 5.1.2 Spectroscopy

      3. 5.1.3 Titrimetry

      4. 5.1.4 Physical Properties Tests

      5. 5.1.5 Other Techniques

    2. 5.2 Product Type

      1. 5.2.1 Organic

      2. 5.2.2 Inorganic

    3. 5.3 Application

      1. 5.3.1 Bioanalytical Testing

      2. 5.3.2 Stability Testing

      3. 5.3.3 Raw Material Testing

      4. 5.3.4 Microbial Testing

      5. 5.3.5 Other Applications

    4. 5.4 Geography

      1. 5.4.1 North America

        1. United States

        2. Canada

        3. Mexico

      2. 5.4.2 Europe

        1. Germany

        2. United Kingdom

        3. France

        4. Italy

        5. Spain

        6. Rest of Europe

      3. 5.4.3 Asia-Pacific

        1. China

        2. Japan

        3. India

        4. Australia

        5. South Korea

        6. Rest of Asia-Pacific

      4. 5.4.4 Middle-East and Africa

        1. GCC

        2. South Africa

        3. Rest of Middle-East and Africa

      5. 5.4.5 South America

        1. Brazil

        2. Argentina

        3. Rest of South America


    1. 6.1 Company Profiles

      1. 6.1.1 Spex Certiprep

      2. 6.1.2 Waters Corporation

      3. 6.1.3 Restek Corporation

      4. 6.1.4 Mallinckrodt Pharmaceuticals

      5. 6.1.5 Restek Corporation

      6. 6.1.6 Merck KGaA

      7. 6.1.7 LGC Group

      8. 6.1.8 General Electric

      9. 6.1.9 GFS Chemicals Inc.

      10. 6.1.10 Chiron AS

      11. 6.1.11 Agilent Technologies Inc.

    2. *List Not Exhaustive

**Competitive Landscape covers- Business Overview, Financials, Products and Strategies, and Recent Developments

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Frequently Asked Questions

The Analytical Standards Market market is studied from 2018 - 2026.

The Analytical Standards Market is growing at a CAGR of 5.5% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

Restek Corporation, Mallinckrodt Pharmaceuticals, Merck KGaA, LGC Group, GFS Chemicals Inc are the major companies operating in Analytical Standards Market.

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