(MENAFN- GlobeNewsWire - Nasdaq) 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
| Report Attribute | Details |
| Market size value in 2022 | US$ 28.9 billion |
| Revenue forecast in 2031 | US$ 65 billion |
| Growth Rate | CAGR of 9.4% from 2023 to 2031 |
| Base year for estimation | 2022 |
| Forecast Period | 2023-2031 |
| Historical Year | 2021 |
| Segments covered | Type, End-user, and Region. |
| Regional scope | North America, Europe, Asia Pacific, and the Rest of the World (ROW) |
Key Takeaways:
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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Market Drivers
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.
Market Segmentation
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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Competitive Landscape
The following are the top companies in the global pharmaceutical water market:
Merck KGaA B. Braun Melsungen AG Baxter International Inc. Thermo Fisher Scientific Inc. Cytiva (Danaher) Intermountain Life Sciences Standard Reagents, Pvt. Ltd. CovaChem LLC. FUJIFILM Irvine Scientific Fresenius Kabi AG Pfizer Inc.
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
INTRODUCTION Market Ecosystem
Timeline Under Consideration
Historical Years – 2021
Base Year – 2022
Forecast Years – 2023 to 2031
Currency Used in the Report
RESEARCH METHODOLOGY Research Approach
Data Collection Methodology
Data Sources
Secondary Sources
Primary Sources
Market Estimation Approach
Bottom Up
Top Down
Market Forecasting Model
Limitations and Assumptions
PREMIUM INSIGHTS Current Market Trends (COVID-19 Perspective)
Key Players & Competitive Positioning (2022)
Regulatory Landscape
Reimbursement Scenario
MARKET DYNAMICS Drivers
Restraints/Challenges
Opportunities
GLOBAL PHARMACEUTICAL WATER MARKET - ANALYSIS & FORECAST, BY TYPE HPLC Grade Water
Water for Injection
Sterile
Bacteriostatic
Water for Inhalation
Water for Irrigation
Non-potable Water
Portable Water
GLOBAL PHARMACEUTICAL WATER MARKET - ANALYSIS & FORECAST, BY END USER Pharmaceutical & Biotechnology Companies
Academic & Research Laboratories
Others
toc continued...
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Distributor Landscape Assessment Pricing Intelligence Customer Base Assessment Investment & Initiatives Analysis 'Business Profile' of Key Players
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Growth Plus Reports is part of GRG Health, a global healthcare knowledge service company. We are proud members of EPhMRA (European Pharmaceutical Marketing Research Association).
Growth Plus portfolio of services draws on our core capabilities of secondary & primary research, market modelling & forecasting, benchmarking, analysis and strategy formulation to help clients create scalable, ground-breaking solutions that prepare them for future growth and success.
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