The Global Pharmaceutical Water Market Is Estimated To Be Valued At US$ 6.26 Bn Or Billion In 2023

The global Pharmaceutical Water Market is estimated to be valued at US$ 6.26 Bn or Billion in 2023 and is expected to exhibit a CAGR of 7.9% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:
Pharmaceutical water is used for various pharmaceutical products and processes such as manufacturing, formulation, and cleaning. It is treated and purified to meet required specifications set by regulatory bodies. Adoption of analytical techniques to ensure quality is driving growth of the market.

Market key trends:
Increasing regulatory compliance for maintaining pharmaceutical water quality is a key trend in the market. Stringent regulations around quality of water used in pharmaceutical processes have been implemented by various regulatory bodies worldwide. This ensures safety and efficacy of drugs. Regulatory bodies conduct audits and inspect facilities to ensure adherence to prescribed quality standards for pharmaceutical water.

Segment Analysis
The global pharmaceutical water market is segmented on the basis of product type, application, and end use. By product type, the ion exchange segment dominates the market and is expected to maintain its dominance over the forecast period. Ion exchange is highly adopted for ultrapure water production and endotoxin removal due to its high efficiency and ease of handling.

By application, processing holds a major share of the market. Pharmaceutical water is widely used during processing and manufacturing of drugs and pharmaceutical intermediates for washing equipment and dissolving or diluting components. Some of the common processing activities where pharmaceutical water is used include purification, formulation, and production of active pharmaceutical ingredients and sterile injectables.

Based on end use, pharmaceutical manufacturers account for the largest share as major consumers of pharmaceutical-grade water. Requirement of high purity standards for manufacturing drugs and strict regulations regarding use of water for drug formulation and processing is driving the growth of this segment.

Key Takeaways
The Global Pharmaceutical Water Market Size is expected to witness high growth, exhibiting CAGR of 7.9% over the forecast period, due to increasing stringent regulations regarding use of water in pharmaceutical industry.

North America dominates the global market owing to well-established pharmaceutical industry and stringent regulatory guidelines in the region regarding water purity. Asia Pacific is expected to be the fastest-growing regional market due to rising generic drug manufacturing and growing pharmaceutical sector in emerging countries like India and China.

The global pharmaceutical water market size is expected to reach US$ 8.59 Bn by 2030.

Key players operating in the pharmaceutical water market are 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., and Baxter International Inc.

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