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How has the pharmaceutical water market size evolved in recent years?

The pharmaceutical water market has expanded rapidly, with an expected increase from $37.61 billion in 2024 to $41.69 billion in 2025, demonstrating a CAGR of 10.9%. Factors contributing to past growth include rising demand for high-quality water, increasing production of biologics and biosimilars, expansion in pharmaceutical manufacturing, focus on new drug development involving biologics, and growth in the biopharmaceutical sector.

What are the predictions for the pharmaceutical water market size in the coming years?

The pharmaceutical water market is projected to grow rapidly, reaching $62.24 billion by 2029 at a CAGR of 10.5%. Factors fueling growth include stricter quality and regulatory compliance, rising demand for outsourced pharmaceutical manufacturing, the expansion of generic drug production, increased awareness of routine checkups, and a growing burden of diabetes among the obese and elderly. Key trends involve product innovations, integration with single-use technologies, increased adoption of remote system monitoring, advancements in pharmaceutical-grade water purification, and the adoption of multi-parameter water quality testing.

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What key factors are fueling the growth of the pharmaceutical water market?

The rising demand from the biotechnology industry is anticipated to drive the growth of the pharmaceutical water market. Biotechnology utilizes biological processes to develop products and technologies, and the increasing demand for pharmaceutical water is driven by advancements in genetic engineering, research techniques, and biopharmaceuticals. Pharmaceutical water is crucial in biotechnology for ensuring the purity and quality needed in research, development, and production processes to comply with regulatory standards. For instance, in 2021, the Australian biotechnology ecosystem generated over $8 billion in revenue, with an expected 3% annual growth from 2021 to 2026. Thus, the demand from biotechnology is propelling the pharmaceutical water market.

How is the global pharmaceutical water market divided into key segments?

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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Who are the key firms paving the way for growth 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.

Which trends are expected to transform the pharmaceutical water market?

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 regions are contributing significantly to the growth of 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.

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