What Is The Current and Historic Market Size Analysis Of The Pharmaceutical Water Market?
The pharmaceutical water market has seen considerable growth due to a variety of factors.
• The size of the pharmaceutical water market has been increasing exponentially in the past few years. The market, estimated at $37.61 billion in 2024, is projected to escalate to $41.69 billion in 2025, growing at a compound annual growth rate (CAGR) of 10.9%.
This substantial growth in the historical era can be credited to factors like the escalating demand for superior quality water, expansion in the production of biologics and biosimilars, growth seen in pharmaceutical manufacturing, targeted development of new biologics drugs, and the expanding biopharmaceutical industry.
What Are The Predictions for The Pharmaceutical Water Market in the Coming Years?
The pharmaceutical water market is expected to maintain its strong growth trajectory in upcoming years.
• The market for pharmaceutical water is predicted to experience swift expansion in the coming years, with projections indicating that it will reach $62.24 billion by 2029, with a compound annual growth rate (CAGR) of 10.5%.
The projected growth within this period can be tied to several factors, including a heightened emphasis on regulatory conformity and quality, increasing outsourcing needs in pharmaceutical manufacturing, the expansion of generic drug production, a spike in regular health checkups and diagnoses, and the escalating incidences of diabetes amongst the elderly and overweight populace. Key trends anticipated within this period encompass product ingenuity, alignment with single-use technology, growing usage of remote system audits, progress in purification systems for pharmaceutical-grade water, and the embracement of multi-parameter water quality testing.
Which Drivers Are Accelerating Growth In The Pharmaceutical Water Market?
The surge in demand from the biotechnology sector is anticipated to propel the progress of the pharmaceutical water market. Biotechnology integrates biological processes, organisms, or systems in the creation of products and technologies advantageous to human society. Pharmaceuticals water's demand in biotechnology can be attributed to progress in genetic engineering, advancements in research methodologies, and biopharmaceuticals. It furthers biotechnology by supplying the essential purity and quality required for research, development, and production, ensuring biotech products meet safety, effectiveness, and regulatory compliance. For example, in 2022, the Australian Government Department of Health reports the Australian biotechnology sector, represented by an Australia-based organization, generated an annual revenue exceeding $8 billion in 2021, with a predicted annual growth rate of 3% from 2021 to 2026. Hence, the burgeoning demand from the biotechnology industry fuels the expansion of the pharmaceutical water market.
What Are The Core Segments Of The Global Pharmaceutical Water Market?
The pharmaceutical watermarket covered in this report is segmented –
1) By Product Type: Highly Purified Water, Water For Injection, Water For Inhalation, Deionized Water, Distilled Water, Other Product Types
2) By Application: Drug Formulation, Cleaning And Purification, Cell Culture Production, Equipment Cleaning, Buffers And Solutions, Other Applications
3) By End User: Pharmaceutical And Biotechnology Companies, Contract Research And Manufacturing Organizations, Academics And Research Laboratories, Hospitals And Healthcare Facilities, Diagnostic Laboratories, Other End-Users
Subsegments:
1) Highly Purified Water: Reverse Osmosis Water, Ultrapure Water, Purified Water Systems
2) Water For Injection: Sterile Water For Injection, Non-Sterile Water For Injection, Single-Dose Water For Injection
3) Water For Inhalation: Sterile Water For Inhalation, Non-Sterile Water For Inhalation, Preservative-Free Water For Inhalation
4) Deionized Water: Type I Deionized Water, Type II Deionized Water, Type III Deionized Water
5) Distilled Water: Laboratory Grade Distilled Water, Medical Grade Distilled Water, Industrial Grade Distilled Water
6) Other Product Types: Water For Hemodialysis, Water For Laboratory Use, Water For Pharmaceutical Processing
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Which Emerging Market Trends Are Altering The Pharmaceutical Water Industry?
Leading businesses in the pharmaceutical waters market are channeling their efforts towards the introduction of innovative offerings, such as Water for Injection (WFI), to enhance the efficacy and quality of water purification methods. WFI is a form of pharmaceutical water complying with the strictest purity norms and tailored specifically to make injectable drugs. For example, Asahi Kasei Corporation, a chemicals firm based out of Japan, launched a novel membrane system intended to produce Water for Injection (WFI), vital for creating injections in June 2024. This system leverages a Microza hollow-fiber membrane, positioning it as a greener and more energy-efficient alternative to conventional distillation processes. The approach reduces the complexity of the production process by dispensing with the requirement for steam cooling and condensation, thereby making the system more efficient and easy to operate.
Who Are the Key Players In The Pharmaceutical Water Market?
Major companies operating in the pharmaceutical water market are:
• Merck & Co. Inc.
• Thermo Fisher Scientific Inc.
• Danaher Corporation
• Ecolab Inc.
• Baxter International Inc.
• B. Braun Melsungen AG
• Xylem Inc.
• Sartorius AG
• Pentair PLC
• Waters Corporation
• Pall Corporation
• Veolia Water Solutions And Technologies
• Hikma Pharmaceuticals PLC
• Hach Company
• BWT AG
• Evoqua Water Technologies
• Kinetico Incorporated
• Nexus Pharmaceuticals
• Intermountain Life Sciences
• Aqua-Chem Inc.
• FujiFilm Irvine Scientific Inc.
• Medi-Pure Incorporated
• Lenntech B.V.
What Are The Regional Insights Into The Pharmaceutical Water Market?
North America was the largest region in the pharmaceutical water market in 2024. Asia-Pacific is expected to be the fastest-growing region in the market going forward. The regions covered in the pharmaceutical water market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
