As per Precedence Research, the global pharmaceutical water market size is estimated to reach US$ 50.7 billion by 2027 and growing at a CAGR of 9.86% from 2020 to 2027.
As per Precedence Research, the global pharmaceutical water market size is estimated to reach US$ 50.7 billion by 2027 and growing at a CAGR of 9.86% from 2020 to 2027.
The biopharmaceutical and generic injectable businesses both use pharmaceutical water. As a result, demand for pharmaceutical water is predicted to rise over the forecast period, in accordance with the expansion of the biopharmaceutical and generic injectable sectors. Generic formulations are developed faster than branded formulations since they are exempt from clinical trials and toxicity investigations. A growing number of companies are entering the global pharmaceutical water market with low-cost alternatives to branded medications, resulting in higher generic product acceptance.
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Significant unmet medical requirements in the treatment of chronic medical disorders, patient expiration of branded biologic pharmaceuticals leading to the creation of biosimilar drugs, and a large number of clinical pipeline drugs are all contributing to the biopharmaceutical industry’s growth. Furthermore, the biopharmaceutical business is expected to benefit from the rapid expansion of the vaccine industry in the near future. Thus, this is driving the growth of the pharmaceutical water market.
| Report Scope | Details |
| Market Size by 2027 | USD 50.7 Billion |
| Growth Rate from 2021 to 2027 | CAGR of 9.86% |
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Purified water is used in specific enzymes, diagnostics, and many biotechnology applications and pharmaceutical grade water purification systems can aid. Automatic thermal sanitization and continuous electrode ionization are two technological advances in these systems. The major market players in the developing regions of the pharmaceutical water market, on the other hand, must adhere to the strict requirements. As a result, businesses should embrace reuse strategies to preserve water efficiency and ensure the long-term viability of water resources throughout the value chain. This will help to optimize the amount of water that can be safety reused in various grades.
In pharmaceutical applications, choosing the optimal filtration processes is crucial. As a result, big particles and viruses are filtered using ultrafiltration. Ultrafiltration, on the other hand, is unable to remove certain dissolved compounds from the medium. As a result, pharmaceutical water manufacturers are stepping up their research and development efforts to incorporate alternative filtration methods including reverse osmosis and nanofiltration. As a result, enhanced production practices are contributing to the growth of the global pharmaceutical water market during the forecast period.
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Report Highlights:
- Based on the product, the HPLC grade water segment dominated the global pharmaceutical water market in 2020 with highest market share. Reverse osmosis, ion exchange, filtration, UV irradiation, distillation, and other procedures must all be used to purify the water used in the HPLC process.
- Based on the application, the pharmaceutical and biotechnology companies segment dominated the global pharmaceutical water market in 2020 with highest market share. The biotechnology and pharmaceutical industries are expected to be propelled by the vaccines industry’s rapid growth in the next years.
- North America is the largest segment for pharmaceutical water market in terms of region. The presence of large firms and the development tactics adopted by these players are the primary factors driving the pharmaceutical water market’s rise in the region.
- Asia-Pacific region is the fastest growing region in the pharmaceutical water market. The majority of the potential for the pharmaceutical water market are in emerging countries of the region. In the pharmaceutical water market, China is predicted to be the fastest growing country in terms of investment.
Future of Pharmaceutical Water Market
The pharmaceutical sector relies heavily on various levels of water purity. The key market players’ progress in the pharmaceutical water market is anticipated to grow due to the rising investments in the pharmaceutical industry. As a result, the major market players are putting more emphasis on scientific and technical material sources in order to develop novel water reuse technologies. This is significant because the pharmaceutical sector is a water-intensive industry. The market players in the pharmaceutical water market have been forced to embrace water reuse technologies due to the increased need for steady water supply. Water reuse ensures the long-term viability of water resources while also increasing water efficiency throughout the value chain.
COVID-19 Impact Analysis:
- Pharmaceutical businesses will be better prepared in the coming months after analyzing the COVID-19 pandemic.
- During the COVID-19 situation, nanofiltration and reverse osmosis technologies for eradicating viruses during filtration have received a lot of attention.
Key Developments in the Marketplace:
With a significant number of prominent companies in the global market and several small players in regional marketplaces, the pharmaceutical water market is moderately fragmented. The global pharmaceutical water market is dominated by the leading companies. Pharmaceutical companies are attempting to stay ahead of the micropollutant issues, despite regulatory changes around the world. Water technology vendors stand to benefit from the demand for cutting edge systems that can deal with micropollutants, and they seek to identify the best technology combinations to get the best results out of it.
Major Market Segments Covered:
By Type
- HPLC Grade Water
- Water for Injection
By Application
- Pharmaceutical & Biotechnology Companies
- Academics & Research Laboratories
By Geography
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa (MEA)
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