Laboratory Water Purification Market Size


Posted February 5, 2024 by Jameslin

Laboratory Water Purification Market Size is estimated to grow at a CAGR of 10.9% during the forecast period

 
The laboratory water purification market was valued at USD 19.1 billion globally in 2022, and during the forecast period, a compound annual growth rate of 10.9% is anticipated. The market for laboratory water purification is expanding due to the rising need for clean water for medication formulation. This water is used in clinical laboratories, such as those found in hospitals and diagnostic centers, for a variety of testing and illness diagnosis. The market is expanding because to the rising need for pure water, which is a crucial reagent in laboratories.
Pure water is becoming more and more in demand in clinical and research institutions. improvements in filtration and strict laws guaranteeing water purity in a number of sectors, including biotechnology and pharmaceuticals. The growth of the market is being fueled by an increase in R&D as well as the expansion of healthcare and life sciences.

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Growth Drivers
The market is growing due to a number of factors, including the growing importance of research and development in the biotechnology and pharmaceutical industries, strict quality standards for laboratory water, growing awareness of the value of using pure water in experiments, technological advancements in water purification systems, and the global expansion of the healthcare and life sciences sectors.
The need for clean water in the medical industry is fueled in part by the expanding need for dependable, high-quality water in a variety of laboratories. The market is expanding dramatically due in large part to an increase in research and development efforts. The market is expanding due to the growing need for pure water in laboratories for a variety of diagnostic tests.
Segmentation
Type
· Type 1
· Type 2
· Type 3
· Others
Mode of Use
· Point of Use
· Large Central Systems
· Clinical Analyzers
Product Type
· Bench Top
· Central
· Portable
Technology
· Filtration
· Reverse Osmosis
· Ion Exchange
· Others
Application
· Chromatography
· Spectrometry
· Biochemistry
· Others
End-User
· Food
· Pharmaceuticals
· Hospitals
· Others
Regional Outlook
· Asia Pacific
· North America
· Latin America
· Middle East and Africa
· Europe
Key Players
· Merck KGaA
· Lobconco Corporation
· Evoqua water technologies
· Veolia water solutions and technologies
· Danaher Corporation
· Yomato Scientific Company Limited
· Sartorius AG
· Biolab Scientific Ltd.
· Pall Corporation
· Millipore Sigma
· Other Players

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xResearch is a market research and consulting organization that uses unique data, expert analysis, and new technologies to create trusted intelligence on industries. Our research is focused on delivering an informed and impartial view on essential market data of industry, and it is primarily driven by an in-depth study covering the following parameters: Market Sizing and Forecasting, Market Segmentation, Competitive Analysis, Strategic Assessment and Business Modelling.

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Issued By James
Country United States
Categories Health , Manufacturing , Medical
Tags laboratory water purification market , laboratory water purification market size , laboratory water purification market share , laboratory water purification market news , laboratory water purification market trends
Last Updated February 5, 2024