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

The laboratory water purifier market share is expected to increase by USD 8.81 trillion from 2020 to 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 laboratory water purifier 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, 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 During the Forecast Period?

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Laboratory Water Purifier Market: Key Drivers, Trends, and Challenges

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 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.

Key Laboratory Water Purifier Market Driver

The implementation of innovative technologies and new product launches is one of the key factors driving the global laboratory water purifier market growth. With rapid advances in technology and new product launches, companies are upgrading their existing product portfolios to meet the increased demand for laboratory water purifiers. For instance, in February 2021, Merck KGaA launched a 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. Additionally, Merck KGaA offers the Milli-Q IQ 7000 system, the seventh generation Milli-Q water purification system. This Milli-Q IQ 7000 system features a high-definition digital touchscreen for simple operation. This purification system is equipped with purification cartridges that are 33% smaller than its previous versions and a hibernation mode to maintain system water quality with reduced energy consumption. Essentially, technological upgrades and new product launches have improved water purity and reduced manufacturing wastage, which drives the laboratory water purifier market growth.

Key Laboratory Water Purifier Market Trend

The growing applications of laboratory water purifiers will fuel the global laboratory water purifier market growth. Laboratory water purifiers are used in life science research materials characterization and research, petrochemical testing, and pharmaceutical analysis, making them an indispensable part of these industries. For instance, in gas chromatography-mass spectrometry (GC-MS), purified water is used to prepare blanks, standards, and samples for pre-treatment. Moreover, for mass spectrometry, all sample pre-treatments such as sample preparation and solid-phase extraction steps require Type I water. The level of purity is achieved with enhanced pre-treatment followed by continuous recirculation and re-purification of the water. Likewise, every minor and major technological change is driving the use of laboratory water purifiers. Therefore, the ever-increasing number of applications using laboratory water purifiers for specific purposes has increased the adoption of these products, thereby providing opportunities to the vendors in the market. Such factors will increase the demand for the market in focus during the forecast period.

Key Laboratory Water Purifier Market Challenge

The stringent regulatory procedures are a major challenge for global laboratory water purifier market growth. Although vendors periodically introduce new laboratory water purifiers to the market, the commercialization of a new product involves a long, tedious, and costly process. This happens primarily due to the variations in global regulatory practices and policies, which are updated regularly. For instance, the standards on water quality are determined by several organizations, including International Organization for Standardization (ISO), the American Society for Testing and Materials (ASTM), and the Clinical and Laboratory Standards Institute (CLSI). The laws and regulations regarding the approval process for these devices vary across countries, which is a major challenge for multinational companies. Moreover, many developed countries such as the US, the UK, Germany, France, Japan, Singapore, and South Korea have enforced strict regulations regarding the approval and marketing of laboratory equipment. Thus, stringent government regulations in different countries can hamper the global laboratory water purifier market growth.

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.

Parent Market Analysis

Technavio categorizes the global laboratory water purifier market as a part of the global healthcare equipment market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the laboratory water purifier market during the forecast period.

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 organic and inorganic growth strategies to compete in the market.

Product Insights and News

• Aqua Solutions Inc. - The company offers laboratory water purifiers that conveniently, economically and reliably deliver the purity reagent grade water for laboratory applications on a worldwide basis, under the brand name of AQUA SOLUTIONS.

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.

Laboratory Water Purifier Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the laboratory water purifier market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the global healthcare equipment market includes the following core components:

• Inputs
• Inbound logistics
• Operations
• Outbound logistics
• Marketing and sales
• Service
• Support activities
• Innovation

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

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. UK and Germany are the key markets for laboratory water purifier market in Europe. Market growth in this region will be faster than the growth of the market in regions.

The implementation of innovative technologies and new product launches 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

COVID Impact and Recovery Analysis

In 2020, during the COVID-19, due to the disruptions in the supply of raw materials required to manufacture different laboratory water purifiers and the unavailability of laborers in manufacturing units,  the production volume of laboratory water purifier systems reduced significantly. However, in 2021, the initiation of large-scale vaccination drives?has lifted the lockdown and travel restrictions, which led to the resumption of supply chain activities. Such factors are expected to drive the market during the forecast period.

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 2 segment will be significant during the forecast period. 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.

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What are the Key Data 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, MEA, 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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