Global Pharmaceutical Water Market Size By Type (HPLC Grade Water, Water for Injection), By Application (Pharmaceutical & Biotechnology Companies, Academics & Research Laboratories), By Geographic Scope And Forecast
Report ID: 310134|No. of Pages: 202
Global Pharmaceutical Water Market Size By Type (HPLC Grade Water, Water for Injection), By Application (Pharmaceutical & Biotechnology Companies, Academics & Research Laboratories), By Geographic Scope And Forecast
Pharmaceutical Water Market Size And Forecast
Pharmaceutical Water Market size was valued at USD 28.9 Billion in 2021 and is projected to reach USD 67.7 Billion by 2030, growing at a CAGR of 9.9% from 2023 to 2030.
Pharmaceutical water is a crucial component of the generic injectable and biopharmaceutical businesses. Consequently, it is anticipated that over the projection period, demand for pharmaceutical water will rise along with the development of the biopharmaceutical and generic injectable industries. A significant factor that is predicted to drive the global Pharmaceutical Water Market during the projected period is the rapid rise in the prevalence of diabetes among the elderly and obese population worldwide. The Global Pharmaceutical Water Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
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Global Pharmaceutical Water Market Definition
The pharmaceutical water industry is only being advanced by the ongoing demand for high-grade water. Pharmaceutical companies are pursuing cost-saving measures while preserving their profit margins. Consumers of pharmaceuticals have a novel propensity to buy the systems with the lowest cost. For the vendors of water technology and equipment, this has the effect of decreasing profit margins.
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Global Pharmaceutical Water Market Overview
There is a strong need for biopharmaceuticals, which are substances used in the creation of life-saving drugs. These substances include proteins, vaccines, plasma, antibodies, biologics, enzymes, and peptides. In recent years, the biopharmaceutical industry has grown quickly. In the upcoming years, it is anticipated to expand quickly. The development of biosimilar medications as a result of the patent expiration of branded biologic drugs and the abundance of clinically-in-development drugs are all factors that have contributed to the growth of the biopharmaceutical industry.
The biopharmaceutical business is also anticipated to grow rapidly in the next years due to the rapid expansion of the vaccines sector. It’s projected that during the forecast period, the output of specialty generic injectable products would increase as major companies increase their focus on the development and expansion of manufacturing facilities appropriate for generic formulations. Since these drugs are excluded from the need for conducting clinical trials and toxicity research, the development of generic formulations proceeds more quickly than that of branded ones. Generic products are being used more frequently as a result of the large number of players joining the worldwide market for generic injectables with affordable alternatives to branded medications.
Global Pharmaceutical Water Market Segmentation Analysis
The Global Pharmaceutical Water Market is segmented on the basis of Type, Application, and Geography.
Pharmaceutical Water Market, By Type
- HPLC Grade Water
- Water for Injection
Based on Type, The market is segmented into HPLC Grade Water, And Water for Injection HPLC-grade water is essential for creating mobile phases and samples. Water used in the HPLC process needs to be cleaned using a variety of techniques, including reverse osmosis, filtration, ion exchange, distillation, UV irradiation, and others. HPLC requires water to have the highest purity possible, as measured by ASTM type 1. Water for injection, often known as sterile water for injection, is a pyrogenic-free, solute-free preparation.
Pharmaceutical Water Market, By Application
- Pharmaceutical & Biotechnology Companies
- Academics & Research Laboratories
Based on Application, The market is segmented into Pharmaceutical & Biotechnology Companies And Academics & Research Laboratories Large unmet medical needs in the treatment of chronic medical conditions, a large pipeline of clinical pharmaceuticals, and the advancement of biosimilar therapies as a result of the patent expiration of branded biologic medications are all factors that have contributed to the growth of the Pharmaceutical & Biotechnology Companies. Additionally, it is expected that the pharmaceutical & biotechnology companies will be pushed in the upcoming years by the vaccine industry’s rapid development.
Pharmaceutical Water Market, By Geography
- North America
- Europe
- Asia Pacific
- Rest of the World
On the basis of Geography, The Global Hybrid Devices Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. The greatest revenue share in the worldwide Pharmaceutical Water Market belongs to North America. North America holds a sizeable revenue share in the worldwide Pharmaceutical Water Market due to the presence of multiple large pharmaceutical companies, a sophisticated healthcare system, and high demand for cutting-edge healthcare services. The rise in infectious diseases and a well-established healthcare industry are two factors that have contributed to the Pharmaceutical Water Market’s expansion in Asia-Pacific. During the projected period, the Asia Pacific Pharmaceutical Water Market is anticipated to expand quickly. The main elements projected to propel the Pharmaceutical Water Market in the Asia Pacific are the development of pharmaceutical water and other pharmaceutical goods to treat ailments, as well as the growth in awareness leading to routine checkups and diagnoses.
Key Players
The major players in the market are B. Braun Melsungen AG, Fresenius Kabi AG., Thermo Fisher Scientific, Inc., Merck KGaA, Intermountain Life Sciences, Baxter International, Inc., Standard Reagents, Pvt. Ltd., Cytiva (Danaher), CovaChem, LLC, FUJIFILM Irvine Scientific, and Pfizer, Inc. amongst others.
Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
Ace Matrix Analysis
The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.
Market Attractiveness
The image of market attractiveness provided would further help to get information about the region that is majorly leading in the global Pharmaceutical Water Market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.
Porter’s Five Forces
The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. The porter’s five forces model can be used to assess the competitive landscape in global Pharmaceutical Water Market, gauge the attractiveness of a certain sector, and assess investment possibilities.
Report Scope
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2018-2030 |
| Base Year | 2021 |
| Forecast Period | 2021-2030 |
| Historical Period | 2018-2020 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | B. Braun Melsungen AG, Fresenius Kabi AG., Thermo Fisher Scientific, Inc., Merck KGaA, Intermountain Life Sciences, Baxter International, Inc., Standard Reagents, Pvt. Ltd. |
| Segments Covered |
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| Customization Scope | Free report customization (equivalent to up to 4 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
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Data Collection Matrix
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Industry Analysis Matrix
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