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Laboratory Water Purification System Market By Mode of Use (Point of Use, Large Central, Clinical Analyzer), Type [Ultrapure, Pure, RO], Application (Chromatography, Cell Culture, Microbiology), End User (Pharma, Food, Hospital) - Forecast to 2030
Report ID: MRHC - 104746 Pages: 180 Jun-2024 Formats*: PDF Category: Healthcare Delivery: 24 to 72 Hours Download Free Sample ReportThe Laboratory Water Purification System Market is projected to reach $10 billion by 2030, at a CAGR of 9.1% from 2024 to 2030. Lab Water Purification System are required to purify water essential for many laboratory experiments. Since water is the most commonly used solvent in laboratories, it is regularly used for common functions such as cleaning, basis for cell cultures, buffers and reagents, use in liquid chromatography, and other laboratory experiments. A few commonly used purification techniques are distillation, ion exchange chromatography, activated carbon, microporous filters, ultrafiltration, reverse osmosis, continuous deionization, and ultraviolet (UV) radiation.
The growth of this market is driven by factors such as rapid expansion & growth of the pharmaceutical & biotechnology industry, rising R&D expenditure of biopharmaceutical companies, growing demand for purified water in laboratories, increased focus on new drug development, and growing demand for biopharmaceuticals. Furthermore, the untapped market potential in emerging economies is expected to provide significant growth opportunities for this market. However, the high cost of lab water purification systems is a major challenge to the growth of this market.
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Growing demand for purified water in laboratories
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 lab water purification system in laboratories to get better results out of the experiments.
The lab 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.
High Pharmaceutical R&D Investments to Drive Market Growth
Purified water is highly essential in research and development experiments, especially in pharmaceutical and biotechnology companies. lab water purification systems provide a consistent supply of pure and large amounts of purified water for research and development needs. Many pharmaceutical companies are constantly focusing on R&D as their core aspect of drug development processes. The biotechnology industry also continues to witness substantial growth due to increased investments in R&D to cater to the growing demand for innovation and new medical breakthroughs. The importance of R&D is evident due to the rising number of drug approvals. For instance, in 2021, the FDA’s Center for Drug Evaluation and Research (CDER) approved 50 novel drugs, compared to 45 novel drugs approved in 2015. High R&D investments in the pharmaceutical and biotechnology industries are thus expected to drive the growth of the lab water purification systems market due to the importance of drug discovery.
In 2024, the Point of Use Segment is Expected to Dominate the Lab Water Purification System Market
Based on mode of use, the lab water purification systems market is segmented into point of use, large central systems, and clinical analyzers. In 2024, the point of use segment is expected to account for the largest share of the lab water purification systems market. The large market share of this segment is attributed to its benefit of providing purified water on demand, wherever it is needed, and its use in a wide range of applications from routine washing and rinsing of laboratory glassware for inductively coupled plasma mass spectrometry (ICPMS) and ultra-trace analysis.
In 2024, the Type 1 - Ultrapure Water Segment is Expected to Account for the Largest Share of the Lab Water Purification System Market
Based on type, the lab water purification systems market is segmented into type 1 - ultrapure water, type 2 - laboratory grade water, and type 3 - primary grade water. In 2024, the type 1 - ultrapure water segment is expected to account for the largest share of the lab water purification systems market. The large market share of this segment can be attributed to the high demand for ultrapure water for various applications such as mammalian cell culture and HPLC and the increased need for high-purity water in various laboratory experiments.
In 2024, the Chromatography Segment is Expected to Account for the Largest Share of the Lab Water Purification System Market
Based on application, the laboratory water purifiers market is segmented into chromatography, spectrometry, microbiological analysis, clinical biochemistry analysis, cell and tissue cultures, and other applications. In 2024, the chromatography segment is expected to account for the largest share of the lab water purification systems market. The large market share of this segment is 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.
In 2024, the Pharmaceutical & Biotechnology Companies Segment is Expected to Account for the Largest Share of the Lab Water Purification System Market
Based on end user, the lab water purification systems market is segmented into pharmaceutical & biotechnology companies, food & beverages industry, hospitals & diagnostic laboratories, academic & research institutes, and other end users. In 2024, the pharmaceutical & biotechnology companies segment is expected to account for the largest share of the lab water purification systems market. The large market share of this segment is attributed to factors such as the rapid expansion & growth of pharmaceutical & biotechnology industries, increased R&D expenditure of the pharmaceutical & biotechnology companies, high investments in improving laboratory infrastructure, and increased need for new drug development & research.
Asia-Pacific: The Fastest-growing Market
Asia-Pacific is slated to register the fastest growth rate in the lab water purifiers market during the forecast period. The high market growth in Asia-Pacific is attributed to the expansion of the pharmaceutical industry in countries like India and China, advancing healthcare infrastructure in the region, and growing investment in improving laboratory infrastructure.
Key Players
The report includes a competitive landscape based on an extensive assessment of mode of use, type, application, end user, geographic presence, and the key growth strategies adopted by leading market players in the industry over the past years. The key players profiled in the lab water purification system 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), Danaher Corporation (U.S.), Biolab Scientific Ltd. (Canada), Aqua Solutions, Inc. (U.S.), SUEZ Water Purification Systems Ltd (U.K.), NEPTEC GmbH (Germany), and RephiLe Bioscience Ltd. (U.S.).
Scope of the Report:
Lab Water Purification System Market, by Mode of Use
Lab Water Purification System Market, by Type
Lab Water Purification System Market, by Application
Lab Water Purification System Market, by End User
Lab Water Purification Systems Market, by Geography
Key questions answered in the report:
The lab water purification system market report covers the market sizes & forecasts based on mode of use, type, application, end user, and geography. The laboratory water purification systems market studied in this report involves the value analysis of various segments and sub-segments at the regional and country levels.
The lab water purification system market is projected to reach $10 billion by 2030, at a CAGR of 9.1% during the forecast period of 2024–2030.
The lab water purification systems market is segmented into point of use, large central systems, and clinical analyzers. In 2024, the point of use segment is expected to account for the largest share of the laboratory water purification systems market due to its benefits, such as a consistent supply of purified water wherever it is needed, comparatively low prices, and low chances of introduction of contaminants in the system.
The laboratory water purification systems market is segmented into type 1 - ultrapure water, type 2 - laboratory grade water, and type 3 - primary grade water. In 2024, the type 1 - ultrapure water segment is expected to account for the largest share of the laboratory water purification systems market due to the high demand for ultrapure water in the pharmaceutical and biotechnology industry for various R&D applications.
The laboratory water purification systems market is segmented into chromatography, spectrometry, microbiological analysis, clinical biochemistry analysis, cell and tissue cultures, and other applications. In 2024, the chromatograpThy segment is expected to account for the largest share of the laboratory water purification systems market due to the increased demand for novel drugs and increased R&D expenditure in the biopharma industry.
The lab water purification system market is segmented into pharmaceutical & biotechnology companies, food & beverages industry, hospitals & diagnostic laboratories, academic & research institutes, and other end users. In 2024, the pharmaceutical & biotechnology companies segment is expected to account for the largest share of the laboratory water purification systems market due to the availability of funding for improving laboratory infrastructure, the rapid expansion of the pharma & biotech industry, and increased R&D activities.
The growth of this market is attributed to factors such as rapid expansion & growth of the pharmaceutical & biotechnology industry, rising R&D expenditure of biopharmaceutical companies, growing demand for purified water in laboratories, increased focus on new drug development & growing demand for biopharmaceuticals. Furthermore, the untapped market potential in emerging economies is expected to provide significant growth opportunities for this market.
The high cost of lab water purification system is a major challenge to the growth of this market.
The key players operating in the laboratory water purification system 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), Danaher Corporation (U.S.), Biolab Scientific Ltd. (Canada), Aqua Solutions, Inc. (U.S.), SUEZ Water Purification Systems Ltd (U.K.), NEPTEC GmbH (Germany), and RephiLe Bioscience Ltd. (U.S.).
The Asia-Pacific region is slated to witness the highest growth rate during the forecast period and offer significant growth opportunities for the players operating in this market. The high market growth in Asia-Pacific is attributed to the expansion of the pharmaceutical industry in countries such as India and China, advancing healthcare infrastructure in the region, and improving laboratory infrastructure.
Published Date: Aug-2024
Published Date: Jun-2024
Published Date: Jan-2023
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