The global market for laboratory water purifiers is anticipated to grow, by the end of the forecast period, the market for laboratory water purifiers is expected to be worth US$29.6bn, growing at a compound annual growth rate (CAGR) of 8.5% from 2021-2031.
A laboratory water purifier is a device that is used to filter and disinfect water so that it meets the requirements for purity needed for usage in labs and scientific research. The drugs, biotechnology, food, and beverages sectors use these purifiers. Due to the emphasis on R&D as well as the rising investments in the healthcare sector, it is projected that the demand for laboratory water purifiers would rise over the course of the forecast period.
The laboratory water purifier market has improved the efficacy and precision of these devices, such as the merging of IoT and artificial intelligence (AI). Major market participants have been investing in R&D initiatives to raise their efficiency and profitability.
The regions of North America, Europe, Asia-Pacific, Latin America, the Middle East and Africa make up the major segments of the global market for laboratory water purifiers. North America is predicted to dominate the market due to its demand for laboratory water purifiers in the pharmaceutical and biotechnology sectors. Due to increased investments in the region’s R&D operations, the Asia-Pacific region is anticipated to grow at the fastest rate during the forecast period.
In the North American region area, which is home to some of the world’s top pharmaceutical companies, the companies in the healthcare industry are raising investments in R&D initiatives, increasing the need for laboratory water purifiers in the region.
Manufacturers of laboratory water purifiers include Thermo Fisher Scientific, Pall Corporation, Sartorius, Veolia Water Technologies, Aqua Solutions, Elga Labwater, and Evoqua Water Technologies. These companies have been focusing on strategies such as mergers and acquisitions, alliances, and collaborations to expand their product offerings and increase their market share.
Enhanced filtration technology and digital capabilities are features of the Milli-Q IQ 7000 system. A range of lab water purification equipment Merck was launched in 2021. The system is designed to provide quality water for a range of lab applications, including cell culture, genomics and proteomics.
A new laboratory water purifying system called the Barnstead GenPure Pro was available in 2022 — according toThermo Fisher Scientific — which reverse osmosis (RO) and ultrafiltration (UF) are used to offer purified water for laboratory applications.
The Covid-19 outbreak had an impact on the laboratory water purifier market due to the increased demand for purified water for R&D operations in the healthcare industry. The outbreak has prompted more studies on Covid-19 treatments and vaccines, which has raised the demands for high-quality filtered water in scientific settings.
The pandemic has also led to an increase in the use of disinfectants and sanitisers in lab settings, as a result of the need to ensure the purity of the water used in laboratory applications. Lockdowns and other restrictions also forced factories to temporarily suspend operations, which disrupted the supply chain. Supply chain issues have resulted in delayed product delivery and increased costs for laboratory water purifiers. The outbreak has also resulted in supply chain hiccups that have affected product costs and deliveries.