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Pharmaceutical Water Market Is Driven By Growing Requirement Of Highly Pure Water In Pharma Production
The pharmaceutical water market involves products such as pharmaceutical pure boiler feed water, purified water, and highly purified water which find extensive applications in the pharmaceutical industry. Purified water is used as an excipient in some products whereas highly purified water is utilized as an active ingredient and processing agent. Pure water helps in improving product quality and efficiency of manufacturing operations. It plays a vital role in sanitization, cleaning, rinsing, dissolving raw materials and heat transfer among others. The growing penetration of the pharmaceutical industry along with stringent regulations regarding purity levels of water used in drug formulations and manufacturing processes has been driving the demand for pharmaceutical water solutions.
The Global pharmaceutical water market is estimated to be valued at US$ 7.22 Bn in 2024 and is expected to exhibit a CAGR of 11% over the forecast period from 2024 to 2031.
Key Takeaways
Key players operating in the pharmaceutical water market are Heidelberg Printing Machinery AG, Komori Corporation, Koenig & Bauer AG, Manroland Goss web systems, HP Inc., Xerox Corporation, Canon Inc., Ricoh Company, Ltd., Epson, and Konica Minolta, Inc.
The Pharmaceutical Water Market Growth is expected to witness significant owing to the rising demand for highly purified water from the pharmaceutical industry. Stringent regulations regarding the purity of water used during the manufacturing of pharmaceutical drugs and formulations are necessitating the use of ultrapure water production systems.
Several players in the pharmaceutical water market are expanding their geographical presence by strengthening their supply networks and distribution channels across global markets. The growing pharmaceutical manufacturing activity in emerging nations of Asia Pacific and Latin America is attracting new investments and partnerships in these regions.
Market drivers
The key driver for the pharmaceutical water market is the stringent regulations governing water purity in the pharmaceutical production process. Regulatory bodies such as the U.S. Food and Drug Administration (FDA) and the European Medicines Agency (EMA) have instituted quality standards for different grades of water used during manufacturing. Non-compliance with these norms can impact the efficacy and safety of pharmaceutical products. This has increased the demand for ultrapure water treatment solutions that comply with the best practices mandated by regulatory authorities.
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