Design Innovations in Pharmaceutical-grade Water Purification Systems for Expanded Applications fuels Pharmaceutical Water Market: TMR Insights

– Increasing demand for biopharmaceuticals and injectable generics will prove to be good growth drivers for the pharmaceutical water market

North America is expected to come first in terms of regional contribution to the world pharmaceutical water market

ALBANY, NY, July 13, 2021 / PRNewswire / – Water is a critical component in the entire pharmaceutical industry. Different qualities of water are used extensively in every function in the pharmaceutical sector. The industry relies heavily on various degrees of purified water. The goals of such functions cannot be achieved with normal water. The market forecast for pharmaceutical water between 2020 and 2030 therefore looks fruitful.

Pharmaceutical water is a type of purified water that is used for various purposes in the pharmaceutical field. The overwhelming use of pharmaceutical water in medical device manufacturing, pharmaceutical and biotechnology companies, academics and research laboratories will result in profitable growth in the forecast period 2020-2030. An increase in infectious diseases in a large number of countries brings further expansive growth prospects for the pharmaceutical water market.

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Transparency Market Research (TMR) conducted a thorough market analysis on pharmaceutical water. According to the main trends in the market, the TMR experts forecast that the pharmaceutical water market will grow with a CAGR of ~ 10 percent in the evaluation period 2020-2030. In terms of sales, the global market for pharmaceutical water was at $ 24.3 billion in 2019 and is extrapolated to exceed $ 71.9 billion by 2030, the end year of the forecast period.

Pharmaceutical water is used extensively throughout the biotechnology sector. The increasing use of this type of water in specialty enzymes, white biotechnology applications and diagnostics will lead to promising growth for the pharmaceutical water market. In addition, new product developments, sales and collaborations will prove to be groundbreaking for the pharmaceutical water market. The pharmaceutical water market insights also highlight the role of mergers and acquisitions in building the growth path.

Main findings of the report

Technological advances to dominate the pharmaceutical water market growth landscape

The players in the pharmaceutical water market are focused on strengthening the technological aspect in order to provide good quality to their consumers. Investment across the pharmaceutical water market is growing significantly and therefore this factor will add additional growth stars. The actors use different filtration processes for red biotechnology and plasma fractionation. Such developments will have a positive impact on the growth of the pharmaceutical water market.

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Rapid increase in the number of diabetics to fuel the pharmaceutical water market

The increasing prevalence of diabetics in a significant part of the population will bring immense growth prospects to the pharmaceutical water market. According to the World Health Organization (WHO), 422 million people have diabetes. These alarming statistics give cause for concern about the need to eradicate diabetes. Pharmaceutical water is essential in the manufacture of injectable medicines for the treatment of diabetics. Therefore, the increasing number of diabetics is directly proportional to the growth in the pharmaceutical water market.

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Pharmaceutical Water Market: Key Growth Drivers

  • The public authorities in numerous countries are concentrating on building a good health infrastructure through various initiatives and funding. These factors will have a positive impact on the growth of the pharmaceutical water market.
  • The growing awareness of the importance of disease prevention will also bring about a tectonic shift in the growth projections of the pharmaceutical water market.
  • The accelerated development of generic formulations will offer tremendous growth opportunities for the pharmaceutical water market in the 2020-2030 term.
  • Large unmet treatment needs across the chronic disease landscape will prove to be a boon to the growth of the pharmaceutical water market.

Explore Transparency Market Research’s award-winning coverage of the global healthcare industry:

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Pharmaceutical Intermediates Market: The heavy investments in R&D capabilities and infrastructure by industry and governments are expected to create lucrative opportunities in the global pharmaceutical intermediates market. The rising R&D pipeline of India-based companies offer significant in-licensing opportunities for global companies.

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