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Global Water for Injection Market Projected to Reach US$71.7 Billion by 2035 with 8.0% Annual Growth | TMR Insights

04-18-2025 01:30 PM CET | Health & Medicine

Press release from: Transparency Market Research

Water for Injection

Water for Injection

The global water for injection market, valued at US$30.5 billion in 2024, is poised for significant growth over the next decade. It is projected to grow at a robust compound annual growth rate (CAGR) of 8.0% from 2025 to 2035, reaching US$71.7 billion by the end of 2035. This strong expansion reflects the escalating demand for high-purity water in pharmaceutical and biotech manufacturing, driven by rising biologics production, stringent regulatory standards, and expanding healthcare infrastructure. As the backbone of injectable drug production, the WFI market is set to more than double in value, reinforcing its critical role in global healthcare through 2035.

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Understanding the Water for Injection Market

Water for injection is a sterile, non-pyrogenic water meeting stringent pharmacopeial standards (e.g., USP, EP) for use in parenteral drug formulations, reconstitution, and medical device manufacturing. Produced via distillation or reverse osmosis, WFI ensures product safety by eliminating contaminants. The 2024 valuation of US$30.5 billion underscores its foundational importance, with the projected rise to US$71.7 billion by 2035 highlighting its response to growing pharmaceutical needs.

The 8.0% CAGR signals a dynamic growth phase, fueled by quality demands and industry expansion. WFI's role in ensuring drug safety drives sustained market momentum.

Key Drivers of Market Growth

Several factors are propelling the WFI market toward its US$71.7 billion milestone by 2035. First, the surge in biologics and injectable drugs is a primary driver. The global biologics market, valued at over US$400 billion in 2023, relies heavily on WFI for monoclonal antibodies, vaccines, and gene therapies. With biologics expected to account for 55% of new drug approvals by 2030, per industry estimates, the 8.0% CAGR reflects heightened WFI demand.

Second, stringent regulatory requirements are accelerating growth. Agencies like the FDA and EMA enforce strict WFI standards to prevent microbial contamination, driving investments in advanced production systems like multi-effect distillation and ultrafiltration. Compliance with updated guidelines, such as the 2017 EU Pharmacopoeia allowing non-distillation methods, supports the market's trajectory toward US$71.7 billion by enabling cost-effective production.

Third, expanding pharmaceutical manufacturing in emerging markets is boosting the market. Countries like China and India, major hubs for generic drugs and biosimilars, are increasing WFI consumption due to healthcare investments and rising chronic disease prevalence. Government initiatives, such as India's Production Linked Incentive scheme, enhance local production, reinforcing the market's growth through 2035.

Leading Players:

Eurocrit Labs International
Evoqua Water Technologies
Veolia Water Solutions and Technologies
Thermo Fisher Scientific, Inc.
ICU Medical Inc.
B. Braun Melsungen AG
SteriCare Solutions
Danaher Corporation (Cytiva)
Rocky Mountain Biologicals
Veltek Associates, Inc.
Merck KGaA
Corning Incorporated
Future MediSurgico
Pfizer, Inc.
Baxter International Inc.

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Market Segmentation and Regional Insights

The market segments by production method, application, and end-user. Distillation remains the dominant production method due to its reliability, followed by reverse osmosis for cost efficiency. Applications include parenteral drugs, intravenous fluids, and dialysis, with parenterals leading due to biologics growth. End-users encompass pharmaceutical companies, hospitals, and compounding pharmacies, with pharma companies holding the largest share.

Regionally, North America accounted for a significant portion of the US$30.5 billion valuation in 2024, driven by advanced biotech industries and high regulatory compliance in the United States. Europe followed, with robust markets in Germany and Switzerland, supported by stringent pharmacopeial standards. The Asia-Pacific region is expected to see the fastest growth through 2035, fueled by expanding pharma manufacturing, biosimilar production, and healthcare modernization in China and India.

Challenges and Opportunities

The market faces challenges. High capital costs for WFI production systems, often millions per facility, deter smaller manufacturers. Stringent quality control requirements increase operational expenses, while water scarcity in some regions poses supply risks. Competition from alternative sterile solutions, like saline, also challenges growth. The 8.0% CAGR reflects a market navigating these constraints with strong demand.

These challenges present opportunities. Developing energy-efficient WFI systems, like vapor compression distillation, could reduce costs, supporting the push to US$71.7 billion. Innovations in real-time microbial monitoring and single-use WFI systems for small-scale production offer growth potential, while expanding contract manufacturing in emerging markets could exceed projections. Partnerships with regulatory bodies to streamline compliance could further enhance scalability.

The Road to 2035

By 2035, the global WFI market is projected to reach US$71.7 billion, reflecting eleven years of robust growth at an 8.0% CAGR from US$30.5 billion in 2024. This milestone is driven by biologics demand, regulatory standards, and global pharma expansion. As the forecast concludes, the market's trajectory suggests continued growth, with potential for sustainable WFI solutions to shape pharmaceutical manufacturing.

In conclusion, the WFI market demonstrates significant growth from 2025 to 2035. Rising from US$30.5 billion to US$71.7 billion, it underpins pharmaceutical safety with essential solutions. Stakeholders-from equipment manufacturers to drug producers-play a vital role in this success, ensuring high-purity water meets global healthcare demands through 2035 and beyond.

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Dialysis Equipment Market: https://www.pharmiweb.com/press-release/2025-03-18/dialysis-equipment-market-poised-to-surpass-us-252-bn-by-2035-amidst-rising-ckd-cases-and-technological-advancements-tmr-insights

About Transparency Market Research

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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