Rising Funding in Biotechnology Indirectly Favors the Expansion of Laboratory Water Purifiers Market
The rising funding by various administrative authorities and organizations across the field of biotechnology is expected to positively affect the demand dynamics in the global laboratory water purifiers market in coming years. Water quality is a very important parameter in the success of various laboratorial experiments. Even the clean tap water contains various contaminants that include bacteria, particulates, inorganic ions, organics, and gases. This can hamper the results in the lab experiments. This creates an increased demand for effective products in the global laboratory water purifiers market. Some of the widely used purification techniques used by solutions in the global laboratory water purifiers market include ultrafiltration, reverse osmosis, ion exchange, distillation, and activated carbon, among others.
Some of the essential driving factors for the global laboratory water purifiers market include rapid adoption of new and innovative techniques and technologies by product manufacturers, increasing organizational initiatives around the world, new product launches by the players and manufacturers in the industry and increasing focus of food safety. However, lack of accessibility and affordability of diagnostic tests in emerging geographical regions, stringent government procedures and regulations, and high costs involved with post purchase maintenance and other services may create challenges for the expansion of the global laboratory water purifiers market in coming years.
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On the other hand, increasing usage of laboratory water purifiers in European research centers is anticipated to provide players and manufacturers in the global laboratory water purifiers market with lucrative growth opportunities. Furthermore, rising focus of players in the global laboratory water purifiers market on mergers, acquisitions, and strategic partnerships is also favoring the development trajectory of the global laboratory water purifiers market. Players in the global laboratory water purifiers market are also focusing on adopting new technologies in order to improve the functionality of their products. Applications for the products in the global laboratory water purifiers market include high performance liquid, immunochemistry, mammalian cell culture, chromatography or HPLC, ion chromatography, and autoclave, among others. Rising demand for ultra-sensitive analytical equipment for research activities is also influencing the growth in global laboratory water purifiers market.
Global Laboratory Water Purifier Market: Snapshot
In a highly competitive global laboratory water purifier market a large number regional and well-entrenched international players are seen trying to outshine one another. Some of the popular strategies of bigger manufacturers – both regional and international ones - are focus of product differentiation by leveraging latest cutting-edge technologies. Other means adopted by companies to grow their market shares are acquisitions and strategic partnerships. Apart from that, dominant players are also known to leverage solid distribution networks and after-sales service to cement their positions.
Factors promoting the growth in the global laboratory water purifier market is the technological advancement leading to the emergence of products with better functionalities, their increasing number of applications, and the booming ecommerce sector.
Providing headwinds to the global laboratory water purifier market, on the other hand, is the lack of knowledge among buyers which regard to the specific purification technique they require. Helping to overcome the issue is the continued progress in technology which are slated to open up new avenues of growth.
As per a report by Transparency Market Research, the global laboratory water purifier market slated to attain a value of US$19.259 bn by 2022 from US$10.060 bn in 2016 by rising at a 11.6% CAGR from 2017 to 2022.
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Requirement in Important Laboratory Processes Makes Type I Water Dominant Segment
Several laboratory applications such as mammalian cell culture, liquid chromatography, and laboratory glassware, among others need water as a solvent. The degree of purity, however, varies from application to application. Water purity or quality is determined by professional organizations, namely Clinical and Laboratory Standards Institute (CLSI), ASTM International, ISO, etc. ASTM, CLSI and ISO classify purified water for into three types – type I, type II, and type III. Their parameters for classification are not exactly identical.
At present, type I is used to classify water that is most pure. Type I accounts for maximum market share owing to their growing applications in crucial laboratory processes such as high performance liquid chromatography (HPLC). In 2016, the segment accounted for 42.0% share in the market.
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