Laboratory Water Purifier Market by Product and Geography - Forecast and Analysis 2021-2025

  • Published: Sep 2021
  • Pages: 120
  • SKU: IRTNTR43620
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The laboratory water purifier market has the potential to grow by USD 8811.69 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 10.14%.

This laboratory water purifier market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by product (type II, type I, and type III), end-user (healthcare, research organizations and institutes, and others), and geography (Europe, North America, APAC, South America, and MEA). The laboratory water purifier market report also offers information on several market vendors, including Aqua Solutions Inc., Biobase Biodusty (Shandong) Co. Ltd., Biosan, Danaher Corp., Evoqua Water Technologies LLC, Merck KGaA, Sartorius AG, SUEZ SA, Thermo Fisher Scientific Inc., and VEOLIA ENVIRONNEMENT SA among others.

What will the Laboratory Water Purifier Market Size be in 2021?

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Laboratory Water Purifier Market: Key Drivers and Trends

Based on our research output, there has been a positive impact on the market growth during and post COVID-19 era. The implementation of innovative technologies and new product launches is notably driving the laboratory water purifier market growth, although factors such as stringent regulatory procedures may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the laboratory water purifier industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

  • One of the key factors driving growth in the laboratory water purifier market is the implementation of innovative technologies and new product launches.
  • The expansion in the field of laboratory experimentation has contributed to the advancement in the field of laboratory equipment, including laboratory water purifiers.
  • In February 2021, Merck KGaA launched its new Milli-Q EQ 7000 Type I water purification system in India, which produces consistent ultrapure-quality water that can be easily customized to experimental requirements.
  • Technological upgrades and new product launches have improved water purity and reduced manufacturing wastage, which is driving the growth of the market.
  • The increased organizational initiatives by end-user industries is another major factor supporting the laboratory water purifier market share growth.
  • The rise in advertising and other awareness campaigns by vendors and governments has resulted in an increased awareness of the right product and its proper usage.
  • The proliferation of product advertisements and promotions has influenced the buying behavior of consumers, prompting many manufacturers to make significant investments in product innovation.
  • The rising standards set by the government attract prospective consumers of healthcare with the justified costs for the treatments offered, which, in turn, brings considerable revenue for the healthcare industry and demand for the water purifier market.

This laboratory water purifier market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Laboratory Water Purifier Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Aqua Solutions Inc.
  • Biobase Biodusty (Shandong) Co. Ltd.
  • Biosan
  • Danaher Corp.
  • Evoqua Water Technologies LLC
  • Merck KGaA
  • Sartorius AG
  • SUEZ SA
  • Thermo Fisher Scientific Inc.
  • VEOLIA ENVIRONNEMENT SA

 

This statistical study of the laboratory water purifier market encompasses successful business strategies deployed by the key vendors. The laboratory water purifier market is fragmented and the vendors are deploying growth strategies such as developing a comprehensive range of laboratory water purifier systems to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The laboratory water purifier market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Laboratory Water Purifier Market?

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27% of the market’s growth will originate from Europe during the forecast period. The UK and Germany are the key markets for laboratory water purifier market in Europe. Market growth in this region will be slower than the growth of the market in APAC, South America, and MEA regions.

The high use of laboratory water purifiers in numerous research institutions and pharmaceutical organizations will facilitate the laboratory water purifier market growth in Europe over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Product Segments in the Laboratory Water Purifier Market?

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The laboratory water purifier market share growth by the Type II segment will be significant during the forecast period. Type II water purifiers are widely used for pathology, cytology and histology work, buffer preparation, photometry and spectrophotometry, electrophoresis, general chemistry, and polymerase chain reaction (PCR). In recent years, PCR has been vastly used in forensic applications like genetic fingerprinting to identify a person by means of deoxyribonucleic acid (DNA) testing. The growing use of polymerase chain reaction (PCR) solutions will have a direct impact on the demand for Type II water purifiers, leading to increased volume production and growth of the global laboratory water purifier market.

This report provides an accurate prediction of the contribution of all the segments to the growth of the laboratory water purifier market size and actionable market insights on post COVID-19 impact on each segment.

 

Laboratory Water Purifier Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 10.14%

Market growth 2021-2025

$ 8811.69 billion

Market structure

Fragmented

YoY growth (%)

9.02

Regional analysis

Europe, North America, APAC, South America, and MEA

Performing market contribution

Europe at 27%

Key consumer countries

US, UK, Germany, China, and Canada

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Aqua Solutions Inc., Biobase Biodusty (Shandong) Co. Ltd., Biosan, Danaher Corp., Evoqua Water Technologies LLC, Merck KGaA, Sartorius AG, SUEZ SA, Thermo Fisher Scientific Inc., and VEOLIA ENVIRONNEMENT SA

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for the forecast period

Customization purview

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What are the Key Factors Covered in this Laboratory Water Purifier Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive laboratory water purifier market growth during the next five years
  • Precise estimation of the laboratory water purifier market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the laboratory water purifier industry across Europe, North America, APAC, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of laboratory water purifier market vendors

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The laboratory water purifier market growth will increase by $7543.22 million during 2019-2024.
The laboratory water purifier market is expected to grow at a CAGR of 9.95% during 2019-2024.
Technavio has segmented the laboratory water purifier market by product (Type II, Type I, and Type III) and geographic (Europe, North America, APAC, South America, and MEA).
Aqua Solutions Inc., BIOBASE Group, Biosan, Danaher Corp., Evoqua Water Technologies LLC, Merck KGaA, Sartorius AG, SUEZ SA, Thermo Fisher Scientific Inc., VEOLIA ENVIRONNEMENT SA are a few of the key vendors in the laboratory water purifier market.
Europe will register the highest growth rate of 27.04% among the other regions. Therefore, the laboratory water purifier market in Europe is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the laboratory water purifier market growth are:
  • Implementation of innovative technologies and new product launches
The laboratory water purifier market vendors should focus on grabbing business opportunities from the type ii segment as it accounted for the largest market share in the base year.
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