According to the latest report, titled “Pharmaceutical Water Market – Global Industry Trends Insight, Size, Share, Growth, COVID-19 Impact, and Forecasts 2020 – 2027”. The Pharmaceutical Water Market is estimated to attain US$ 50.7 billion by 2027 and expected to grow at a CAGR of 9.86% during the forecast period.
This report provides an analysis for the period of 2016 to 2027, wherein, 2020 is the base year, 2016 and before is historical data, and 2020 to 2027 is the forecast period.
Some of the prominent key players are:
- Baxter International, Inc.
- Merck KGaA
- Braun Melsungen AG
- Thermo Fisher Scientific, Inc
- Cytiva (Danaher)
- Fresenius Kabi AG
- Pfizer, Inc.
- CovaChem, LLC
- Intermountain Life Sciences
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Water is the one of the foremost commodities utilized by the pharmaceutical sector. Water is extensively employed as vital ingredient, raw material, or solvent in the formulation, processing, and manufacture of active pharmaceutical ingredients, pharmaceutical products, and intermediates, analytical reagents and compendial articles. It might present as an excipient, or employed during synthesis, reconstitution of products, throughout production of finished product, cleaning agent for washing vessels, and primary packing materials among others. There are numerous different grades of water utilized for pharmaceutical purposes. There are numerous particular kinds of packaged waters, differing in their elected applications, packaging limits, and other quality characteristics.
The high demand for steady water supply has forced manufacturers in the pharmaceutical water industry to implement water recycle practices. Water reuse is safeguarding sustainability of water resources and is refining water effectiveness in the value chain. Service providers are providing commission, installation, and validation of purification systems to pharmaceutical customers. Inventions in these systems are fetching prominence in European nations where local manufacturers are firming their global distribution chains.
Manufacturing of medicines need high-purity water in the manufacture process and the waste water stream can be profoundly laden with contaminants, toxins and organic nutrients which requires to be treated beforehand disposal, necessitating water and waste water treatment equipment. Development of the biopharmaceutical sector can be credited to large unmet medical requirements in the dealing chronic medical circumstances, patent expiry of patented biologic drugs that leads growth of biosimilar drugs, and a great number of clinical pipeline drugs. Furthermore, swift expansion of the vaccines sector is expected to push the biopharmaceutical industry in the near future. Hence, demand for pharmaceutical water is likely to rise, along with the development of the biopharmaceutical and generic injectable sectors throughout the estimate period.
High surge in burden of diabetes amongst the aged and obese populace around the globe is a major influence probable to push the global pharmaceutical water market throughout the prediction period. The pharmaceutical water market in Asia Pacific is expected to advance at a rapid rate throughout the prediction period. Growth of pharmaceutical water and other pharma products to manage with ailments and intensification in responsiveness leading to routine checkup and verdict are the main influences estimated to boost the growth of pharmaceutical water market in Asia Pacific.
- The pharmaceutical & biotechnology companies segment captured a substantial cut of the total pharmaceutical water market in 2019
- Growth of biopharmaceutical and generic injectable drugs businesses is probable to push the pharmaceutical water market during impending years
- North America dominated the global pharmaceutical water market in 2019 and predicted to maintain the trend throughout forecast period.
- Companies functioning in the generic injectable market are intensive on the expansion of generic injectable products, particularly generic biologic products such as biosimilars
- HPLC Grade Water
- Water for Injection
- Pharmaceutical & Biotechnology Companies
- Academics & Research Laboratories
Key Questions Covered in the Report
- What is the impact of Covid-19 on the Pharmaceutical Water Market?
- What is the CAGR of this market during the forecast period 2020 to 2027?
- How will the market expand through 2027?
- Which top manufacturing companies are leading this market?
- What are the key drivers and trends that will stimulate Pharmaceutical Water sales?
- What are the challenges that will affect the sales of this market?
- Which region will remain the most lucrative during the forecast period?
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