Analytical Standards Global Market Report 2021: COVID-19 Growth And Change

Analytical Standards Global Market Report 2021: COVID-19 Growth And Change from Publisher provides the strategists, marketers and senior management with the critical information they need to assess the global analytical standards market.

This report focuses on analytical standards market which is experiencing strong growth. The report gives a guide to the analytical standards market which will be shaping and changing our lives over the next ten years and beyond, including the markets response to the challenge of the global pandemic.

Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 12+ geographies.
- Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market research findings.
- Benchmark performance against key competitors.
- Utilize the relationships between key data sets for superior strategizing.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis
- Report will be updated with the latest data and delivered to you within 3-5 working days of order.

Description:
Where is the largest and fastest growing market for the analytical standards- How does the market relate to the overall economy, demography and other similar markets- What forces will shape the market going forward- The Analytical Standards market global report from Publisher answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography. It places the market within the context of the wider analytical standards market, and compares it with other markets.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, the influence of the COVID-19 virus and forecasting its growth.
- Market segmentations break down market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
- The analytical standards market section of the report gives context. It compares the analytical standards market with other segments of the analytical standards market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, analytical standards indicators comparison.

Scope

Markets Covered: 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; Others
4) By Application: Microbiology Testing; Physical Properties Testing; Toxicity Testing; Contamination Testing; QA/QC Testing; Proficiency Testing; Stability Testing; Others
5) By End User: Food & Beverages Standards; Forensic Standards; Veterinary Drug Standards; Petrochemistry Standards; Environmental; Pharmaceutical and Life Science Standards

Companies Mentioned: Merck KGaA; Agilent Technologies; Waters Corporation; LGC Standards; PerkinElmer, Inc

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,

Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.


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.

The global analytical standards market is expected to grow from $1.34 billion in 2020 to $1.52 billion in 2021 at a compound annual growth rate (CAGR) of 11.8%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $1.98 billion in 2025 at a CAGR of 6.75%.

The analytical standards market consists of sales of analytical standards and related products by entities (organizations, sole traders, and partnerships) that manufacture analytical instruments. An analytical standard is a high-grade compound and a defined concentration to be used as a calibration standard for a specified experiment. Analytical standards are introduced in all fields such as veterinary, life sciences, food, and beverage, forensics, environmental and pharmaceutical industries.

The analytical standards market covered in this report is segmented by type into organic standards, inorganic standards; by technique into chromatography, spectroscopy, titrimetry, physical property testing; by methodology into bioanalytical testing, stability testing, raw material testing, dissolution testing, others; by application into microbiology testing, physical properties testing, toxicity testing, contamination testing, QA/QC testing, proficiency testing, stability testing, others and by end-user into food & beverages standards, forensic standards, veterinary drug standards, petrochemistry standards, environmental, pharmaceutical and life science standards.

North America was the largest region in the analytical standards market in 2020. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The high capital investment required for the analytical instruments is expected to hamper the growth of the analytical standards market in the coming years. Analytical instruments are a broad variety of tools employed for analytical purposes in clinical, oil refineries, pharmaceutical, chemical, and food processing laboratories. The cost of the instrument is generally perceived to be an investment in a new method. The cost of the analytical instrument ranges between $17,000 to $25,000. The maintenance cost further includes service contract cost of $2,000, which is usually 10%-15% of the purchase cost of the equipment every year. Therefore, the huge capital investment required for the analytical instruments restraints the growth of the analytical standards market.

In December 2019, LGC Ltd, a UK-based company that provides laboratory services, measurement standards, reference materials, and proficiency testing marketplaces, acquired Toronto Research Chemicals Inc for an undisclosed amount. The acquisition of Toronto Research Chemicals Inc complements LGC's existing reference standards business, which includes the Mikromol and Dr. Ehrenstorfer's product portfolios, and provides commercial and operational opportunities to develop the combined product and service offering to customers globally. Toronto Research Chemicals Inc is a Canada-based company that manufactures and supplies researchers in the biomedical fields with specialized complex organic small molecules not otherwise commercially available.

The rising public concerns related to optimal food safety and quality are predicted to boost the growth of the analytical standards market over the coming years. Consumption of contaminated and adulterated food comprising chemical compounds, dangerous bacteria, parasites, and viruses produces more than 200 diseases ranging from diarrhea to cancer. Analytical techniques such as mass spectrometry and chromatography are widely employed by food testing laboratories to scan for spoilage and guarantee food safety. For instance, according to the World Health Organization's report published in 2020, it is projected that 600 million (nearly 1 in 10 people) fall ill in the nation after consuming adulterated food and 420 000 die each year, resulting in the loss of 33 million healthy years of life. Diarrheal illnesses are the most prevalent diseases caused by the ingestion of infected food, leading 550 million individuals to fall sick and 230 000 losses per year. Therefore, the rising public concerns related to optimal food safety and quality drive the growth of the analytical standards market.

Technological advancement is a key trend gaining popularity in the analytical standards market. Major companies operating in the analytical standards sector are focusing on developing new technological solutions for analytical standards. For example, in September 2020, Waters Corp, a US-based analytical laboratory instrument manufacturing company declared the formation of the new Waters Analytical Laboratory Immerse Cambridge. Immerse Cambridge's open technology concept comprises the latest analytical, informatics, and automation resources that span a broad spectrum of domains across the life, food, and materials sciences. It is also tailored for disseminating and spreading concepts through training, collaborative study, and mentoring experience for students and emerging business experts.

The countries covered in the market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.