Pharmaceutical Water Market to Register a Steady CAGR of 9.40% Between 2023 – 2031 – Growth Plus Reports
Newark, New Castle, USA, March 24, 2023 (GLOBE NEWSWIRE) -- The global pharmaceutical water market, estimated at US$ 28.90 billion in 2023, is projected to surpass US$ 65 billion by 2031, at a revenue CAGR of 9.40%, according to the latest evaluation by Growth Plus Reports. The study examines the best impactful strategies, macroeconomic conditions, trends and prospects, competitive environments, changing market dynamics, market size, data and projections, and key investment areas.
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Pharmaceutical Water Market Scope
Market size value in 2022
US$ 28.9 billion
Revenue forecast in 2031
US$ 65 billion
CAGR of 9.4% from 2023 to 2031
Base year for estimation
Type, End-user, and Region.
North America, Europe, Asia Pacific, and the Rest of the World (ROW)
The growth of the biopharmaceutical and generic injectable industries will drive the demand for pharmaceutical water during the forecast period.
The significant rise in the prevalence of infectious diseases will encourage market revenue growth.
North America will dominate the global market.
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An increase in the development of life-saving treatments and the rising need for biopharmaceuticals such as vaccines, proteins, antibodies, plasma, enzymes, biologics, and peptides are the primary factors driving the revenue growth of the global pharmaceutical water market. Additionally, the growth of the biopharmaceutical and generic injectable industries and the significant rise in the prevalence of infectious diseases contribute to market revenue growth. Furthermore, technological advancements and advances in microbiology support the market's revenue growth.
Growth Plus Reports has analyzed the global pharmaceutical water market from three perspectives: Type, End-user, and Region.
Type Segmentation: Based on the type, the global pharmaceutical water market is segmented into HPLC grade water, water for injection, water for inhalation, water for irrigation, non-potable water, and portable water. The HPLC-grade water segment dominates the market with the largest revenue share because laboratories only use trusted and well-established HPLC technology to separate, recognize, and quantify components in a mixture.
End-User Segmentation: Based on the end-user, the global pharmaceutical water market is segmented into pharmaceutical & biotechnology companies, academic & research laboratories, and others. The pharmaceutical & biotechnology companies segment dominates the market because pharmaceutical water is the most needed commodity in the pharmaceutical industry.
Regional Growth Dynamics
Based on the region, the global pharmaceutical water market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. North America dominates the global pharmaceutical water market with the largest revenue share. The considerable revenue share of North America in the global pharmaceutical water market can be attributed to this region having numerous significant pharmaceutical companies, a well-developed healthcare infrastructure, and a strong demand for advanced healthcare services.
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The following are the top companies in the global pharmaceutical water market:
B. Braun Melsungen AG
Baxter International Inc.
Thermo Fisher Scientific Inc.
Intermountain Life Sciences
Standard Reagents, Pvt. Ltd.
FUJIFILM Irvine Scientific
Fresenius Kabi AG
The market for pharmaceutical water is very competitive and complex. Prominent companies are developing new products and forming strategic alliances to fulfill the growing global demand and maintain a strong market position.
Table of Content
Timeline Under Consideration
Historical Years – 2021
Base Year – 2022
Forecast Years – 2023 to 2031
Currency Used in the Report
Data Collection Methodology
Market Estimation Approach
Market Forecasting Model
Limitations and Assumptions
Current Market Trends (COVID-19 Perspective)
Key Players & Competitive Positioning (2022)
GLOBAL PHARMACEUTICAL WATER MARKET - ANALYSIS & FORECAST, BY TYPE
HPLC Grade Water
Water for Injection
Water for Inhalation
Water for Irrigation
GLOBAL PHARMACEUTICAL WATER MARKET - ANALYSIS & FORECAST, BY END USER
Pharmaceutical & Biotechnology Companies
Academic & Research Laboratories
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VALUE PROPOSITIONS RELATED TO THE REPORT:
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Comprehensive quantitative and qualitative insights at segment and sub-segment level
Covid 19 impact trends and perspective
Granular insights at global/regional/country level
Deep-rooted insights on market dynamics (drivers, restraints, opportunities) and business environment
Blanket coverage on competitive landscape
Exhaustive coverage on 'Strategic Developments' registered by leading players of the market
Distributor Landscape Assessment
Customer Base Assessment
Investment & Initiatives Analysis
'Business Profile' of Key Players
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