According to FutureWise analysis, the market for Pharmaceutical Water is expected to grow with a CAGR of 7.90% over the forecast period 2023-2031, and reach a market value of US$ 11.50 billion by 2031.
Pharmaceutical water refers to the water used in the production of pharmaceutical products, as well as in various laboratory and manufacturing processes within the pharmaceutical industry. It is a critical component in the formulation and production of drugs, as water quality can directly impact the safety and efficacy of pharmaceutical products. There are different grades of pharmaceutical water, each with specific quality standards and uses. Highly Purified Water (HPW) is a higher grade of water used in specific pharmaceutical processes where even higher purity levels are required. Water for Injection (WFI) is a higher quality water used to prepare parenteral (injectable) products. Compared to purified water, it must meet more stringent standards for bacterial endotoxins, conductivity, and total organic carbon (TOC).
Pharmaceutical water plays a critical role in various applications within the pharmaceutical industry. Firstly, it serves as a fundamental component in drug formulation processes. Drugs often require a water-based medium for dissolution, mixing, and stabilization of active pharmaceutical ingredients (APIs) and other excipients, whether in liquid or solid form. This ensures the final product's efficacy, safety, and quality. Furthermore, pharmaceutical water is indispensable in cleaning and purification procedures. It serves as a crucial agent in the cleaning of manufacturing equipment, ensuring that all surfaces and components involved in drug production remain free from contaminants or residues that could compromise the integrity of the final product. Also, in cell culture production, pharmaceutical-grade water is vital for creating a controlled and sterile environment for cell growth and proliferation. Maintaining optimal water quality ensures cells thrive and express their desired characteristics for various research and production purposes.
FutureWise Market Research has published a report that provides an insightful analysis pharmaceutical water market trends that are affecting the overall market growth. This report will provide a detailed analysis of market share, regional insights, and competitor analysis that includes stature of key manufacturers operational in this industry. According to the analysis conducted by FutureWise research analysts pharmaceutical water market estimated to register a considerable growth rate over the forecast period. This report lists the market segments and potential prospects available across this industry, in addition providing crucial information on the total valuation currently held by the industry. Moreover, this report will assist key management individuals in an organisation to enhance their decisions pertaining to business expansion as well as strategic changes for increasing customer base.