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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 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?

Laboratory Water Purifier Market Size

Download the Free Report Sample to Unlock the Laboratory Water Purifier Market Size for the Forecast Period and Other Important Statistics

 

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?

Laboratory Water Purifier Market Market segmentation by region

For more insights on the market share of various regions Request for a FREE sample now!

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?

Laboratory Water Purifier Market Segmentation

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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.

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

$ 8.81 tn

Market structure

Fragmented

YoY growth (%)

9.02

Regional analysis

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

Key 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 recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

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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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1 Executive Summary

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 01: Parent market
    • Exhibit 02: Market characteristics
  • 2.2 Value chain analysis
    • Exhibit 03: Value chain analysis: Healthcare equipment

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 04: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 05: Market segments
  • 3.3 Market size 2020
    • 3.4 Market outlook: Forecast for 2020 - 2025
      • Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ million)
      • Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 08: Five forces analysis 2020 & 2025
    • 4.2 Bargaining power of buyers
      • Exhibit 09: Bargaining power of buyers
    • 4.3 Bargaining power of suppliers
      • Exhibit 10: Bargaining power of suppliers
    • 4.4 Threat of new entrants
      • Exhibit 11: Threat of new entrants
    • 4.5 Threat of substitutes
      • Exhibit 12: Threat of substitutes
    • 4.6 Threat of rivalry
      • Exhibit 13: Threat of rivalry
    • 4.7 Market condition
      • Exhibit 14: Market condition - Five forces 2020

    5 Market Segmentation by Product

    • 5.1 Market segments
      • Exhibit 15: Product - Market share 2020-2025 (%)
    • 5.2 Comparison by Product
      • Exhibit 16: Comparison by Product
    • 5.3 Type II - Market size and forecast 2020-2025
      • Exhibit 17: Type II - Market size and forecast 2020-2025 ($ million)
      • Exhibit 18: Type II - Year-over-year growth 2020-2025 (%)
    • 5.4 Type I - Market size and forecast 2020-2025
      • Exhibit 19: Type I - Market size and forecast 2020-2025 ($ million)
      • Exhibit 20: Type I - Year-over-year growth 2020-2025 (%)
    • 5.5 Type III - Market size and forecast 2020-2025
      • Exhibit 21: Type III - Market size and forecast 2020-2025 ($ million)
      • Exhibit 22: Type III - Year-over-year growth 2020-2025 (%)
    • 5.6 Market opportunity by Product
      • Exhibit 23: Market opportunity by Product

    6 Market Segmentation by End-user

    • 6.1 Market segments
      • Exhibit 24: End-user - Market share 2020-2025 (%)
    • 6.2 Comparison by End-user
      • Exhibit 25: Comparison by End-user
    • 6.3 Healthcare - Market size and forecast 2020-2025
      • Exhibit 26: Healthcare - Market size and forecast 2020-2025 ($ million)
      • Exhibit 27: Healthcare - Year-over-year growth 2020-2025 (%)
    • 6.4 Research organizations and institutes - Market size and forecast 2020-2025
      • Exhibit 28: Research organizations and institutes - Market size and forecast 2020-2025 ($ million)
      • Exhibit 29: Research organizations and institutes - Year-over-year growth 2020-2025 (%)
    • 6.5 Others - Market size and forecast 2020-2025
      • Exhibit 30: Others - Market size and forecast 2020-2025 ($ million)
      • Exhibit 31: Others - Year-over-year growth 2020-2025 (%)
    • 6.6 Market opportunity by End-user
      • Exhibit 32: Market opportunity by End-user

    7 Customer landscape

    8 Geographic Landscape

    • 8.1 Geographic segmentation
      • Exhibit 34: Market share by geography 2020-2025 (%)
    • 8.2 Geographic comparison
      • Exhibit 35: Geographic comparison
    • 8.3 Europe - Market size and forecast 2020-2025
      • Exhibit 36: Europe - Market size and forecast 2020-2025 ($ million)
      • Exhibit 37: Europe - Year-over-year growth 2020-2025 (%)
    • 8.4 North America - Market size and forecast 2020-2025
      • Exhibit 38: North America - Market size and forecast 2020-2025 ($ million)
      • Exhibit 39: North America - Year-over-year growth 2020-2025 (%)
    • 8.5 APAC - Market size and forecast 2020-2025
      • Exhibit 40: APAC - Market size and forecast 2020-2025 ($ million)
      • Exhibit 41: APAC - Year-over-year growth 2020-2025 (%)
    • 8.6 South America - Market size and forecast 2020-2025
      • Exhibit 42: South America - Market size and forecast 2020-2025 ($ million)
      • Exhibit 43: South America - Year-over-year growth 2020-2025 (%)
    • 8.7 MEA - Market size and forecast 2020-2025
      • Exhibit 44: MEA - Market size and forecast 2020-2025 ($ million)
      • Exhibit 45: MEA - Year-over-year growth 2020-2025 (%)
    • 8.8 Key leading countries
      • Exhibit 46: Key leading countries
    • 8.9 Market opportunity by geography

      9 Drivers, Challenges, and Trends

      • 9.1 Market drivers
        • 9.2 Market challenges
          • Exhibit 48: Impact of drivers and challenges
        • 9.3 Market trends

          10 Vendor Landscape

          • 10.1 Overview
            • 10.2 Vendor landscape
              • Exhibit 49: Vendor landscape
            • 10.3 Landscape disruption
              • Exhibit 50: Landscape disruption
              • Exhibit 51: Industry risks

            11 Vendor Analysis

            • 11.1 Vendors covered
              • Exhibit 52: Vendors covered
            • 11.2 Market positioning of vendors
              • Exhibit 53: Market positioning of vendors
            • 11.3 Aqua Solutions Inc.
              • Exhibit 54: Aqua Solutions Inc. - Overview
              • Exhibit 55: Aqua Solutions Inc. - Product and service
              • Exhibit 56: Aqua Solutions Inc. - Key offerings
            • 11.4 Biobase Biodusty (Shandong) Co. Ltd.
              • Exhibit 57: Biobase Biodusty (Shandong) Co. Ltd. - Overview
              • Exhibit 58: Biobase Biodusty (Shandong) Co. Ltd. - Product and service
              • Exhibit 59: Biobase Biodusty (Shandong) Co. Ltd. - Key offerings
            • 11.5 Biosan
              • Exhibit 60: Biosan - Overview
              • Exhibit 61: Biosan - Product and service
              • Exhibit 62: Biosan- Key news
              • Exhibit 63: Biosan - Key offerings
            • 11.6 Danaher Corp.
              • Exhibit 64: Danaher Corp. - Overview
              • Exhibit 65: Danaher Corp. - Business segments
              • Exhibit 66: Danaher Corp.- Key news
              • Exhibit 67: Danaher Corp. - Key offerings
              • Exhibit 68: Danaher Corp. - Segment focus
            • 11.7 Evoqua Water Technologies LLC
              • Exhibit 69: Evoqua Water Technologies LLC - Overview
              • Exhibit 70: Evoqua Water Technologies LLC - Business segments
              • Exhibit 71: Evoqua Water Technologies LLC - Key offerings
              • Exhibit 72: Evoqua Water Technologies LLC - Segment focus
            • 11.8 Merck KGaA
              • Exhibit 73: Merck KGaA - Overview
              • Exhibit 74: Merck KGaA - Business segments
              • Exhibit 75: Merck KGaA - Key news
              • Exhibit 76: Merck KGaA - Key offerings
              • Exhibit 77: Merck KGaA - Segment focus
            • 11.9 Sartorius AG
              • Exhibit 78: Sartorius AG - Overview
              • Exhibit 79: Sartorius AG - Business segments
              • Exhibit 80: Sartorius AG-Key news
              • Exhibit 81: Sartorius AG - Key offerings
              • Exhibit 82: Sartorius AG - Segment focus
            • 11.10 SUEZ SA
              • Exhibit 83: SUEZ SA - Overview
              • Exhibit 84: SUEZ SA - Business segments
              • Exhibit 85: SUEZ SA -Key news
              • Exhibit 86: SUEZ SA - Key offerings
              • Exhibit 87: SUEZ SA - Segment focus
            • 11.11 Thermo Fisher Scientific Inc.
              • Exhibit 88: Thermo Fisher Scientific Inc. - Overview
              • Exhibit 89: Thermo Fisher Scientific Inc. - Business segments
              • Exhibit 90: Thermo Fisher Scientific Inc.-Key news
              • Exhibit 91: Thermo Fisher Scientific Inc. - Key offerings
              • Exhibit 92: Thermo Fisher Scientific Inc. - Segment focus
            • 11.12 VEOLIA ENVIRONNEMENT SA
              • Exhibit 93: VEOLIA ENVIRONNEMENT SA - Overview
              • Exhibit 94: VEOLIA ENVIRONNEMENT SA - Business segments
              • Exhibit 95: VEOLIA ENVIRONNEMENT SA -Key news
              • Exhibit 96: VEOLIA ENVIRONNEMENT SA - Key offerings
              • Exhibit 97: VEOLIA ENVIRONNEMENT SA - Segment focus

            12 Appendix

            • 12.1 Scope of the report
              • 12.2 Currency conversion rates for US$
                • Exhibit 98: Currency conversion rates for US$
              • 12.3 Research methodology
                • Exhibit 99: Research Methodology
                • Exhibit 100: Validation techniques employed for market sizing
                • Exhibit 101: Information sources
              • 12.4 List of abbreviations
                • Exhibit 102: List of abbreviations

              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
              Technavio

              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
              Technavio

              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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              Laboratory Water Purifier Market market growth will increase by $8.81 tn during 2021-2025.
              The laboratory water purifier market market is expected to grow at a CAGR of 10.14% during 2021-2025.
              Technavio has segmented the laboratory water purifier market market by product (type II, type I, and type III) ,end-user (healthcare, research organizations and institutes, others, South America, and MEA) , and geography (Europe, North America, APAC, South America, and MEA).
              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 are a few of the key vendors in the laboratory water purifier market market.
              Europe will register the highest growth rate of 27% among the other regions. Therefore, the laboratory water purifier market 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 market growth are:
              • implementation of innovative technologies and new product launches
              • growing applications of laboratory water purifiers
              The laboratory water purifier market 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.
              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?
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              • Parent market analysis
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              • Detailed vendors report with competitive landscape
              • Covid-19 impact and recovery analysis
              • Data on revenue-generating market segments
              • Details on the market shares of various regions
              • Five-force market analysis

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