PUBLISHER: Meticulous Research | PRODUCT CODE: 1576650
PUBLISHER: Meticulous Research | PRODUCT CODE: 1576650
Laboratory Water Purification Market by Product (Cartridges, Filters, UV Lamps, System [Ultrapure, Lab Grade, Primary Grade]), Application (Chromatography, Spectrometry, Biochemistry), End User (Pharmaceutical, Food, Hospital)-Global Forecast to 2031
The laboratory water purification market is projected to reach $5.44 billion by 2031 at a CAGR of 7.9% from 2024 to 2031.
Succeeding extensive secondary and primary research and in-depth analysis of the market scenario, the report comprises the analysis of key industry drivers, restraints, challenges, and opportunities. The market's growth is attributed to the growing demand for purified water in laboratories, increased focus on new drug development, the growing demand for biopharmaceuticals, and the use of purified water for microbiological analysis in food and beverage companies. However, the stringent standards for water quality restrain the growth of this market.
Furthermore, untapped market potential in emerging economies and the growing demand for ultrapure water systems are expected to generate growth opportunities for the players operating in this market. However, the high cost and maintenance of laboratory water purification systems and the limited purification capacity of some laboratory water purification systems are major challenges impacting market growth.
The report offers a competitive landscape based on an extensive assessment of the product portfolio offerings, geographic presences, and key strategic developments adopted by leading market players in the industry over four years (2021-2024). The key players operating in the laboratory water purification market are Thermo Fisher Scientific Inc. (U.S.), Merck KGaA (Germany), Labconco Corporation (U.S.), Evoqua Water Technologies LLC (U.S.), Veolia Water Solutions & Technologies (France) (Subsidiary of Veolia Environnement S.A. (France), Sartorius AG (Germany), Yamato Scientific Co., Ltd. (Japan), Biolab Scientific Ltd. (Canada), RephiLe Bioscience Ltd. (U.S.), and Aqua Solutions, Inc. (U.S.).
Among all the products studied in this report, in 2024, the consumables & accessories segment is expected to account for the largest share of the laboratory water purification market. The large market share of this segment is attributed to the recurring use of consumables. Many companies are focusing on launches to enhance their consumables offerings. For instance, in November 2024, Avidity Science, LLC (U.S.) launched a Solo S system with reusable plastic cartridges to filter ultrapure water directly from tap water, up to 10 liters per day.
Among all the applications studied in this report, in 2024, the chromatography segment is expected to account for the larger share of the laboratory water purification market. The segment's large market share is attributed to the high requirement of laboratory water purification systems in pharmaceutical and biotechnology industries for HPLC and other chromatographic methods since it is a highly sensitive technique and the growing use of chromatographic techniques in pharmaceutical quality control.
Among all the end users studied in this report, in 2024, the pharmaceutical & biotechnology companies segment is expected to account for the largest share of the laboratory water purification market. The large market share of this segment is attributed to the increasing requirement of purified water in the pharmaceutical & biotechnology companies, the rapid expansion of the pharmaceutical & biotechnology industry in emerging economies, stringent government regulations that necessitate the use of purified water, and increased focus on research and development.
An in-depth analysis of the geographical scenario of the laboratory water purification market provides detailed qualitative and quantitative insights into the five major geographies (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa) along with the coverage of major countries in each region. In 2024, North America is expected to account for the largest share of the laboratory water purification market. In the region in 2024, the U.S. is expected to account for the largest share of the Laboratory water purification market in North America. The large share of this regional market is attributed to the presence of major laboratory water purification companies such as Thermo Fisher Scientific Inc. (U.S.), Labconco Corporation (U.S.), and Evoqua Water Technologies LLC (U.S.), growing demand for purified waters in laboratories, and advancements in laboratory water.
Laboratory Water Purification Market Assessment-by Product
Note: Other microorganism types include viruses and protozoa.
Note: Other Systems include water distillation systems, cartridge systems, combined water systems, and clinical reagent water systems.
Laboratory Water Purification Market Assessment-by Application
Note: Other Applications include molecular biology, elemental analysis, pH meter solution, and rinsing purposes.
Laboratory Water Purification Market Assessment-by End User
Note: Other End Users include Contract Research Organizations (CROs), forensic laboratories, and government laboratories.
Laboratory Water Purification Market Assessment-by Geography
(Note: SWOT Analysis of the Top 5 Companies Will Be Provided)