Analytical Standards Market Size, Share, Future Trend, Revenue, Value and Volume, Growth Analysis And New Opportunity to Hit Latest Growth Level 2022-2030

Kenneth Research, in its repository of market research reports, have recently added a report on Analytical Standards Market which emphasizes on the latest trends, key opportunities, drivers, and the challenges associated with the growth of the market during the forecast period, i.e., 2022-2031. The Analytical Standards Market is anticipated to grow primarily on account of the growing trade of ICT goods and services worldwide. According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019.

U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Analytical Standards Market products.

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Moreover, increasing expenditure on healthcare, backed by the need amongst individuals for quality healthcare services, is also anticipated to contribute to the market growth. According to the statistics by the World Bank, the current health expenditure (% of GDP) around the world increased from 9.08% in 2001 to 9.84% in 2018. Additionally, the current health expenditure per capita (current US$) increased from USD 492.99 in 2001 to USD 1110.84 in 2018.

Global Analytical Standards Market is valued approximately at USD 1.4 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 6.5% over the forecast period 2020-2026. An analytics standard is the biochemical properties and values analyzed to be as healthy and usable by health organizations around the world. These standards examine the quality and purity of drugs and formulated medicine. Also, these standards are used to execute tests or calibration of an analyzer. Through these standards, the health organizations can achieve optimal performance and compliance. Rising focus on optimal food safety and quality, growing demand of analytical techniques in proteomics and metabolomics and stringent regulatory scenario in the pharmaceutical industry are the few factors responsible for high CAGR of the market over the forecast period. For instance: In India, the Food Safety and Standards Authority of India (FSSAI) plans to invest about USD 72.3 million to support the food testing infrastructure across the country as the food industry in India was roughly 32% of the country’s total food market in 2017. Also, this investment results in progressing of 59 prevailing food testing laboratories and setting up 62 new mobile testing labs in the country. This, in turn, is expected to accelerate the demand of analytical standards, thus contributing to the growth of the global market. However, stringent storage requirements for analytical standards and lack of awareness for effective pollution monitoring strategies are the few factors expected to hamper the growth of the market over the forecast period of 2020-2026.

The regional analysis of global Analytical Standards market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the rising life science research funding, along with the increasing number of clinical trials and government support for the massive spending on research activities in the region. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2026, due to growing public & private investments in the biotechnology industry and surging utilization of analytical technologies in Japan.

Major market player included in this report are:
Merck KGaA
Agilent Technologies Inc.
Waters Corporation
Restek Corporation
SPEX CertipPep
AccuStandard Inc.
LGC Standards
PerkinElmer, Inc.
Thermo Fisher Scientific, Inc.
General Electric Company

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Category:
Organic
Inorganic

By Technique:
Chromatography Standards
Spectroscopy Standards
Titrimetry Standards
Physical Property  Testing Standards

By Application:
Food & Beverages
Forensics
Pharmaceutical and Life Sciences Standards
Environmental
Others

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By Region:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2016, 2017, 2018
Base year – 2019
Forecast period – 2020 to 2026

Target Audience of the Global Analytical Standards Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2026 (USD Billion)
1.2.1. Analytical Standards Market, by Region, 2018-2026 (USD Billion)
1.2.2. Analytical Standards Market, by Category, 2018-2026 (USD Billion)
1.2.3. Analytical Standards Market, by Technique, 2018-2026 (USD Billion)
1.2.4. Analytical Standards Market, by Application, 2018-2026 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Analytical Standards Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Analytical Standards Market Dynamics
3.1. Analytical Standards Market Impact Analysis (2018-2026)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Analytical Standards Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2016-2026)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion

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