Pharmaceutical Water Market Growth Accelerated by Rising need for High Purity Water

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Pharmaceutical Water Market Growth Accelerated by Rising need for High Purity Water
The global pharmaceutical water market is estimated to be valued at USD 6.26 billion in 2023 and is expected to exhibit a CAGR of 7.9% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.

The pharmaceutical water is widely used in various medical and pharmaceutical applications such as injection, cleaning, washing and rinsing. It is crucial for the production of pharmaceutical products and medical devices as it helps maintain product quality and composition. 

Market key trends:

The rising focus on producing high-quality pharmaceutical products and medical devices in a contamination-free environment is a key factor augmenting the demand for pharmaceutical grade water. Pharmaceutical grade water is a crucial component for manufacturing sensitive pharmaceutical drug formulations. It helps maintain the purity and integrity of active pharmaceutical ingredients during production processes. With growing prevalence of chronic diseases worldwide, the demand for biologics and injectable drugs is surging which requires high purity water in the production process. Thus, increasing need for high purity and contamination-free water to manufacture various biologics and injectables is expected to propel the pharmaceutical water market growth over the forecast period.

Segment Analysis

The global pharmaceutical water market is segmented based on system type, application, and end user. By system type, the purified water segment dominated the market in 2020 as purified water is widely used in active pharmaceutical ingredients manufacturing and sterile preparations. The purified water segment is further classified as water for injection and high purity water. The water for injection segment held the major share as water for injection standards ensure that water used in injectable drugs is free from microbial and other contaminants.

Key Takeaways

The Global Pharmaceutical Water Market Size is expected to witness high growth during the forecast period from 2024 to 2031

Regional analysis: North America dominated the global pharmaceutical water market in 2020 owing to stringent regulatory guidelines for pharmaceutical water systems in the region. Asia Pacific is expected to witness the highest growth during the forecast period due to enhanced healthcare infrastructure, favorable government initiatives, and growing generics manufacturing industry in the region.

Key players: Key players operating in the pharmaceutical water market are Suez, Veolia Water Technologies, Dow Water & Process Solutions, and Pall Corporation. Suez is one of the leading player with a wide range of pharmaceutical-grade water treatment equipment and services.

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