Key Highlights of the Pharmaceutical Water Market 2025-2034: Growth Dynamics, Trends, and Opportunities
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What is the Forecasted Expansion Rate of the Pharmaceutical Water Market Over the 2025–2034 Period?
In recent times, the size of the pharmaceutical water market has expanded considerably. It is projected to increase from $37.61 billion in 2024 to $41.69 billion in 2025, with a compound annual growth rate (CAGR) of 10.9%. The historic growth in the market is a result of the increasing need for high-quality water, a surge in production of biologics and biosimilars, growth in the pharmaceutical manufacturing industry, and a focus on the development of new drugs based on biologics, as well as the expanding biopharmaceutical sector.
In the coming years, the pharmaceutical water market size is predicted to experience significant growth, reaching $62.24 billion in 2029 with a compound annual growth rate (CAGR) of 10.5%. This growth, throughout the projected period, could be attributed to an intensified focus on compliance and quality, growing demand for outsourced pharmaceutical manufacturing, expansion in the production of generic drugs, increased awareness for regular checkups and diagnoses, as well as a surge in diabetes amongst the aging and overweight population. Noteworthy trends during the anticipated period comprise product advancement, integration with single-use technologies, growing preference for remote system monitoring, inventive approaches to pharmaceutical-grade water purification systems, and the adoption of multi-parameter water quality examinations.
What External and Internal Drivers Are Contributing to the Growth of the Pharmaceutical Water Market’s Growth?
The growth of the pharmaceutical water market is set to be propelled by the escalating demand emerging from the biotech industry. Biotech is a scientific field encompassing the use of biological processes, organisms, or systems to construct products and technologies that benefit mankind. This demand for pharmaceutical water within the biotech industry can be attributed to innovative genetic engineering, improved research methods, and biopharmaceutical advancements. Pharmaceutical water aids biotech by delivering the purity and quality required for research, development, and manufacturing procedures, ensuring the safety, efficacy, and regulatory compliance of biotech products. For example, the Australian Government Department of Health documented in 2022 that in 2021, the Australian biotech landscape generated over $8 billion in yearly revenue, with an anticipated yearly surge of 3% between 2021 and 2026. Hence, the intensifying demand from the biotech domain contributes to the expansion of the pharmaceutical water market.
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Who Are the Leading Organizations Fueling the Expansion of 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.
Which Cutting-Edge Trends Are Expected to Drive the Pharmaceutical Water Market’s Growth?
In the pharmaceutical waters industry, major players are shifting their focus to the creation of novel products like Water for Injection (WFI), which increases the efficacy and quality of water purification methods. WFI is a distinct type of pharmaceutical water crafted to adhere to the strictest standards of purity, specifically used for manufacturing injectable medications. For example, Asahi Kasei Corporation, a chemicals enterprise based in Japan, introduced a new membrane system intended for producing WFI in June 2024, a necessity for injection preparation. The system employs a Microza hollow-fiber membrane, serving as a more eco-friendly and energy-efficient substitute for conventional distillation techniques. By removing the requirement for condensation and cooling of steam, this design streamlines the production process, making it more user-friendly and economical.
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What Are the Key Components of the Pharmaceutical Water Market, and How Do Its Segments Perform?
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
Which Regions Are Most Influential in Expanding 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.
What Key Parameters Define the Pharmaceutical Water Market’s Scope?
Pharmaceutical water is water that meets stringent quality standards and is used in the production, processing, and formulation of pharmaceutical products and medical applications. This water is used in various stages of pharmaceutical manufacturing, including in the preparation of drug products, equipment cleaning, and ingredient formulation.
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