Pharmaceutical Water Market – Scope of the Report
TMR’s report on the global pharmaceutical water market studies the past as well as current growth trends and opportunities to gain valuable insights of these indicators for the market during the forecast period from 2023 to 2030. The report provides the revenue of the global pharmaceutical water market for the period 2018–2030, considering 2019 as the base year and 2030 as the forecast year. The report also provides the compound annual growth rate (CAGR %) for the global pharmaceutical water market during the forecast period.
The report has been prepared after extensive primary and secondary researches. Primary research involved bulk of research efforts, wherein analysts carried out interviews with industry leaders and opinion makers. Secondary research involved referring to key players’ pharmaceutical water, annual reports, press releases, and relevant documents to understand the global pharmaceutical water market.
Secondary research also includes Internet sources, statistical data from government agencies, websites, and trade associations. Analysts employed a combination of top-down and bottom-up approaches to study various phenomenon in the global pharmaceutical water market.
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Innovations in Pharmaceutical-grade Water Purification Systems Bolster Market Growth
The pharmaceutical water market is predicted to cross a revenue of US$ 71.9 Bn by 2030. This is evident since manufacturers are innovating in pharmaceutical-grade water purification systems. For instance, Puretech designs water purification systems for pharmaceutical, cosmetics, and biopharma industries. Service providers are offering installation, commission, and validation of purification systems to pharmaceutical end users. Innovations in these systems are becoming prominent in European countries where regional manufacturers are strengthening their global distribution chains.
Equipment manufacturers are complying with worldwide pharmacopoeia standards. Cutting-edge water purification systems are helping manufacturers in the pharmaceutical water market to gain recognition. Equipment companies are meeting client specifications and requirements to increase the uptake of systems. Pre-treatment activities are fueling the demand for pharmaceutical-grade water purification systems. Region-specific needs are being catered by equipment manufacturers due to different degrees of pre-treatment methods.
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Local Production Helps Maintain Regular Operations during COVID-19 Crisis
Analyzing the COVID-19 (coronavirus) situation is helping pharmaceutical companies to be better prepared in the upcoming months. Companies in the pharmaceutical water market are hard at work to keep up with regular orders whilst still supplying in demanding areas such as the Europe, the U.S., Russia, India, etc. Manufacturers are developing contingency plans to address future unprecedented situations. Flexibility is the key to maintain regular operations. Manufacturers in the pharmaceutical water market are increasing their research activities to flag alternatives pertaining to mission-critical suppliers and service providers.
Preparing for the unexpected is impossible; however, manufacturers should have a conceptual idea of steps to handle the situation of supply shortage. This will help businesses to withstand short-term crisis with minimized impact. Since the international trade is quite challenging in these unprecedented times, manufacturers are relying on local production.
Pharmaceutical Water Market: Competition Landscape
- This report profiles major players operating in the global pharmaceutical water market based on various attributes such as company overview, financial overview, product portfolio, business strategies, and recent developments
- The global pharmaceutical water market is moderately fragmented with the presence of a large number of leading players in the global market and several small players in regional markets. The top players hold major share of the global pharmaceutical water market.
- Prominent players operating in the global pharmaceutical water market include
- Merck KGaA,
- Braun Melsungen AG,
- Baxter International, Inc.,
- Thermo Fisher Scientific, Inc.,
- Cytiva (Danaher),
- Intermountain Life Sciences,
- Standard Reagents, Pvt. Ltd.,
- CovaChem, LLC.,
- FUJIFILM Irvine Scientific,
- Fresenius Kabi AG,
- Pfizer, Inc.
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