Press release
Pharmaceutical Water Market Dynamics: Analyzing Size, Trends, and Growth Opportunities in the Industry | SUEZ Water Technologies & Solutions, Veolia Water Solutions and Technologies
The Pharmaceutical Water Market size is expected to reach US$ 10.66 billion by 2030, from US$ 6.26 billion in 2023, at a CAGR of 7.9% during the forecast period.MarketOverview:
The pharmaceutical water market involves water used during various stages of drug formulation and production. Purified water acts as a solvent for active pharmaceutical ingredients and excipients in drug production.
Market Dynamics:
Purified water is widely used during the manufacturing of pharmaceutical products to ensure sterility and avoid contamination. It is used as a solvent in drug formulations and as cleaning agent during production. Moreover, stringent regulatory norms regarding the use of purified water in the pharmaceutical industry has led manufacturers to increasingly adopt various water purification technologies such as reverse osmosis, ion exchange, and UV oxidation. This is expected to drive the growth of the global pharmaceutical water market during the forecast period. Increasing investment by key players to expand their production capabilities in developing regions is also projected to support market growth between 2023 and 2030.
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Growth Drivers
Increasing production and consumption of pharmaceutical drugs is driving the demand for high purity water
High purity water plays a vital role in the manufacturing of Active Pharmaceutical Ingredients (APIs), intermediates, and finished dosage forms. The volume of pharmaceutical production has increased significantly in the past decade owing to factors like growing awareness about health and wellness, rising incomes in developing nations, aging population, and increased prevalence of chronic diseases. This increasing pharmaceutical production directly impacts the demand for high purity and high quality water in different manufacturing processes like synthesis, extraction, formulation, and packaging of drugs.
Stringent quality regulations for pharmaceutical water is compelling manufacturers to invest in advanced water treatment systems
International regulatory bodies like the United States Pharmacopeia (USP), the European Pharmacopoeia (Ph.Eur), and other national regulatory authorities have set stringent quality specifications for pharmaceutical water used at various stages of drug production. These include limits on parameters like conductivity, Total Organic Carbon (TOC), endotoxin levels, microbiological contamination etc. Pharmaceutical companies are required to use water treatment technologies like reverse osmosis, ion exchange, UV/ultrafiltration, and electrodeionization to consistently meet these regulatory standards. The tightening quality norms are propelling pharmaceutical water system providers to innovate new solutions and upgrade existing infrastructure.
Restraining factor for Pharmaceutical Water Market
High capital investment and operating costs associated with pharmaceutical water treatment poses a challenge
Treating water to generate highly purified forms suitable for use in pharmaceutical processes requires sophisticated treatment technologies and stringent validation protocols. Companies have to invest millions of dollars initially to set up pharma-compliant water treatment plants. They also have to incur recurring costs for filter replacement, resin change, membrane cleaning, regulatory compliance documentation etc. Operating and maintaining water purification systems compliant to cGMP norms entails a substantial economic burden, especially for small and medium players in the pharmaceutical industry. The high capital requirements and operating expenses associated with pharmaceutical grade water generation act as a major restraining factor for wider adoption.
Opportunity
Growing outsourcing of pharmaceutical water treatment presents a lucrative business opportunity
Many pharmaceutical manufacturers, especially small and medium players, prefer to outsource their water treatment needs to specialized service providers rather than making substantial capital investments to develop in-house treatment facilities. The outsourcing business model allows drug makers to focus on their core competence of research, development and production while water treatment experts handle water sourcing and purification. This trend of increasing outsourcing of water treatment operations to third party vendors is opening up attractive commercial opportunities for providers of contract services and turnkey project solutions in pharma water systems. Companies can tap into this outsourcing wave by customizing service offerings and expanding capabilities to handle complex water requirements cost-effectively.
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Market Trend
Adoption of advanced membrane separation technologies for pharmaceutical water production
Membrane separation technologies like reverse osmosis, nanofiltration, ultrafiltration and microfiltration are gaining widespread acceptance in the pharmaceutical water treatment industry owing to their superior purification ability. Membrane modules can effectively eliminate biological contaminants, suspended solids and dissolved impurities from feedwater sources. Along with reverse osmosis, adoption of advanced membranes like hollow fiber ultrafiltration and spiral wound nanofiltration is growing as they help achieve size-selective purification without use of membranes, resins or carbon columns. Membrane system integrators are coming up with novel technology combinations as well as energy-efficient and fouling resistant membrane elements. The trend reflects the industry's focus on deploying advanced yet economical treatment solutions to consistently deliver high quality pharmaceutical grade water on a large scale.
Moreover, it will also include the opportunities available in micro markets for stakeholders to invest, a detailed analysis of the competitive landscape, and product services of key players. Analysis of Pharmaceutical Water companies, key tactics followed by Leading Key Players:
◘ Sartorius
◘ Merck KGaA
◘ Thermo Fisher Scientific Inc.
◘ GENERAL ELECTRIC
◘ Danaher Corporation
◘ SUEZ Water Technologies & Solutions
◘ Veolia Water Solutions and Technologies
◘ Evoqua Water Technologies LLC
◘ Aqua Solutions Inc.
◘ Baxter International Inc
Note: Major Players are sorted in no particular order.
By Product Type
Highly Purified Water
Water for Injection
Water for Inhalation
Pure Steam
Pretreated Water
Others
By Application
Drug Formulation
Cleaning and Purification
Cell Culture Production
Equipment Cleaning
Buffers and Solutions
Others
By End-User
Pharmaceutical & Biotechnology Companies
Contract Research & Manufacturing Organizations
Academics & Research Laboratories
Hospitals & Healthcare Facilities
Diagnostic Laboratories
Others
By Distribution Channel
Direct Sales
Distributors
Online Channels
Others
The Study Objectives are:
A comprehensive insight into key players operating in the Pharmaceutical Water Market and their corresponding data.
It includes product portfolio, annual revenue, expenditure on research and development, geographical presence, key developments in recent years, and growth strategies.
Regional analysis, which includes insight into the dominant market and corresponding market share.
It also includes various socio-economic factors affecting the evolution of the market in the region.
The report offers a comprehensive insight into different individuals from value chains such as raw materials suppliers, distributors, and stockholders.
Table of Contents:
Market scenario 2023
Chapter 1: Introduction, Market Driving Force Product Objective of Study and Research Scope the Pharmaceutical Water market
Chapter 2: Exclusive Summary - the basic information of the Pharmaceutical Water Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends, and Challenges & Opportunities of the Pharmaceutical Water
Chapter 4: Presenting the Pharmaceutical Water Market Factor Analysis, Supply/Value Chain, PESTEL analysis, Market Entry, and Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User, and Region/Country 2023 - 2030
Chapter 6: Evaluating the leading manufacturers of the Pharmaceutical Water market which consists of its Competitive Landscape, Peer Group Analysis, Market positioning & Company Profile
Chapter 7: To evaluate the market by segments, by countries, and by Manufacturers/Companies with revenue share and sales by key countries in these various regions (2023-2030)
Chapters 8 & 9: Displaying the Appendix, Methodology, and Data Source
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Key Questions Answered:
What is the market size and CAGR of the Pharmaceutical Water Market during the forecast period?
How is the growing demand impacting the growth of Pharmaceutical Water Market shares?
What is the growing demand of the Market during the forecast period?
Who are the leading vendors in the market and what are their market shares?
What is the impact of the COVID-19 pandemic on the APAC Pharmaceutical Water Market?
Contact Us
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About Coherent Market Insights
Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.
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