Laboratory Water Purifier Market: 27% of Growth to Originate from Europe, Type 2 Segment to be Significant for Revenue Generation – Technavio


NEW YORK, Aug. 23, 2022 /PRNewswire/ — The laboratory water purifier market size is expected to grow by USD 8.81 trillion from 2020 to 2025, progressing at a CAGR of  10.14%. 27% of the market’s growth will originate from Europe during the forecast period. UK and Germany are the key markets for laboratory water purifiers 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.

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Laboratory Water Purifier Market: Segmentation Analysis

The market research report segments the laboratory water purifier market 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).

  • Revenue Generating Segment –The laboratory water purifier market share growth by the type 2 segment will be significant for revenue generation. 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.

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Laboratory Water Purifier Market: Major 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.
Laboratory Water Purifier Market: Major Challenges
  • 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.

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The competitive scenario provided in the Laboratory Water Purifier Market report analyzes, evaluates, and positions companies based on various performance indicators. Some of the factors considered for this analysis include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share, etc. Don’t wait, Make a strategic approach & boost your business goals with our Laboratory Water Purifier Market Forecast Report –  Buy Now!

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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

USD 8.81 trillion

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, and market condition analysis for the forecast period.

Customization purview

If our report has not included the data you are looking for, you can reach out to our analysts and get customized segments.

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Table of Content

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
About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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