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 was valued at $2.98  billion in 2023. This market is expected to reach $5.44  billion by 2031, from an estimated $3.2  billion in 2024, at a CAGR of 7.9% during the forecast period 2024-2031.

Laboratory Water Purification Market Size & Forecast

In research laboratories, pure water is an essential reagent for experimenting. Normal tap water cannot be used for laboratory experiments since it contains many pollutants such as organics, bacteria, gases, particulates, and inorganic ions. Hence, the purification of water is very important in laboratory settings. Water can be purified using various technologies such as deionization, distillation, reverse osmosis, filtration, ultrafiltration, and UV oxidation. A laboratory water purification system delivers pure, continuous, and alternative water that is important for many laboratory experiments.

The growth of this market is driven by 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. Additionally, untapped market potential in emerging economies and the growing demand for ultrapure water systems are expected to offer significant market growth opportunities.

However, the stringent standards for water quality restrain the growth of this market. Additionally, the high cost and maintenance of laboratory water purification systems and the limited purification capacity of some laboratory water purification systems pose a significant challenge to the market's growth.

Growing Demand for Purified Water in Laboratories is Driving the Market’s Growth

Purified water is essential for almost every life science experiment, diagnostic test, or chemical reaction. Since water is considered a universal solvent, it is used in many experiments and tests. Regular tap water contains many contaminants or impurities, which can alter the outcome of an experiment. Scientists and researchers set an ideal laboratory water purification system in laboratories to get better results out of the experiments.

The laboratory water purification system enables laboratory personnel to procure purified water easily for various laboratory applications. For instance, a large amount of purified water is required for applications in liquid chromatography. Water's purity is critical for liquid chromatography, especially in highly sensitive experiments. High-performance liquid chromatography requires only ultrapure water for experiments. The various applications of purified water in laboratory experiments are thus driving the demand for water purification systems in laboratories.

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High Growth Prospects in Emerging Economies to Offer Market Growth Opportunities

Developed economies, including the U.S. and European countries, have been at the forefront of driving the growth of the laboratory water purification market. These markets have relatively higher levels of adoption and penetration of various laboratory water filtration technology. As a result, companies operating in the laboratory water purification market are increasingly turning their attention to untapped potential in emerging economies.

Emerging countries in Asia and Latin America, such as India, China, Brazil, and Singapore, present significant growth opportunities for the laboratory water purification market. These countries are experiencing notable improvements in their healthcare infrastructures, making healthcare services more accessible to a broader population. Purified water is an essential element in the pharmaceutical industry for processing, developing, and manufacturing medicines and other active substances. Water can be utilized to reconstitute products, assist in manufacturing, as a cleaning agent, and to manufacture finished products. According to the government of India, the pharmaceutical industry is expected to reach USD 65 billion by 2024 and to USD 130 billion by 2030. Additionally, in October 2023, Tetra Pak (Switzerland) and Lund University (Sweden) launched a research hub to develop future food and material innovations. Furthermore, Water is utilized in food and beverage preparation to help ensure that the final goods are nutritious and fulfill the appropriate standards and laws. Thus, the rising pharmaceutical industry and expanding food industry create an opportunity for the laboratory water purification market.

Key Findings in the Laboratory Water Purification Market Study:

Among the Product, the Consumables & Accessories Segment is Expected to Account for the Largest Share of the Market in 2024

Among the products, 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 2023, 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 the Applications, the Chromatography Segment is Expected to Account for the Largest Share of the Market in 2024

Among the applications, in 2024, the chromatography segment is expected to account for the largest share of the laboratory water purification market. The large market share of this segment is primarily attributed to the extensive use of chromatography in various laboratory experiments coupled with the requirement of large amounts of ultrapure water by chromatographic systems such as HPLC to get stable retention time and constant peak responses. Furthermore, purified water is also required in chromatographic techniques for sample pre-treatment, such as solid phase extraction, and for preparing eluents, reagent blanks, and standards.

Among the End Users, the Pharmaceutical & Biotechnology Companies Segment is Expected to Account for the Largest Share of the Market in 2024

Among the end users, 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.

Asia-Pacific: Fastest-growing Regional Market

The growth of this regional market is attributed to the presence of key laboratory water purification companies in countries like China, India, Singapore, and Japan, growing investment in improving laboratory infrastructure, and expansion of the pharmaceutical industry in countries like India and China.

Laboratory Water Purification Market: Key Companies

The report offers a competitive landscape based on an extensive assessment of the product offerings and geographic presence of leading market players and the key growth strategies adopted by them in the last three to four years. The key players profiled in the laboratory water purification market report 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.).

Laboratory Water Purification Market Report Summary:

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