Global Analytical Standards Market Overview:
An analytical standard refers to the compound of appropriate purity and identified concentration to be used as a regulation standard for an assay. Analytical standard market has high growth prospects owing to increasing applications in the food and beverage industry for flavors and fragrances standards, carbohydrate standards, peptide/amino acid standards, and other, in forensics for drugs-of-abuse standards, doping standards, in pharmaceutical and life sciences standards for cosmetic standards, herbal drug standards, pharmaceutical secondary standards, and others. Further, technological advancement in the analytical techniques and rising applications for metabolomics and proteomics expected to drive the demand for analytical standards over the forecasted period.
- Increasing Public Concerns Regarding Food Safety and Quality
- Growth in the Pharmaceutical Industry
- Lack of Skilled Laboratory Technicians
- Stringent Government Regulations Regarding Analytical Standards
- Increasing Demand for Analytical Standards in the Pesticide Monitoring
- Rising Demand from the Developing Economies
- Lack of Awareness in the Low and Middle Income Group Countries
Some of the key players profiled in the report are Merck KGaA (Germany), Agilent Technologies Inc. (United States), Waters Corporation (United States), LGC Standards (United States), Restek Corporation (United States), Thermo Fischer Scientific (United States), General Electric Company (United States), PerkinElmer, Inc. (United States), Mallinckrodt Baker, Inc. (United Kingdom) and SPEX CertiPrep (United States). Additionally, following companies can also be profiled that are part of our coverage like AccuStandard (United States), RJ Lee Group, Inc. (United States) and Ted Pella, Inc. (United States). Analyst at AMA Research see United States Players to retain maximum share of Global Analytical Standards market by 2026. Considering Market by Technique, the sub-segment i.e. Chromatography will boost the Analytical Standards market.
Latest Market Insights:
2018, Agilent Technologies, Inc. acquired of the business assets of ULTRA Scientific, Inc. engaged in the chemical standards and certified reference materials.
“The Environmental Protection Agency (EPA), National Pesticide Standard Repository distributes analytical standards to federal, state and tribal laboratories involved in performing environmental, food, or product monitoring for the enforcement of United States federal and state pesticide laws such as the Federal Food, Drug, and Cosmetic Act and the Federal Insecticide, Fungicide, and Rodenticide Act.”
What Can be Explored with the Analytical Standards Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Analytical Standards Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Analytical Standards
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Analytical Standards market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Analytical Standards market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Analytical Standards Manufacturing Companies, Product Sales and Distribution Companies, Government Regulatory Authorities, Research Laboratories and Academic Institutes, Clinical Research Organizations (CROs), Research and Development Companies and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.