Hyderabad, Telengana -- (SBWire) -- 02/13/2023 --Water for Injection (WFI) is a highly purified type of water used in pharmaceutical and medical applications. The demand for WFI is driven by the increasing demand for injectable medications, vaccines, and medical devices. The growing demand for injectable medications has significantly boosted the growth of the WFI market.
WFI is produced by distillation, reverse osmosis, or deionization process, which removes all impurities and microorganisms, making it suitable for parenteral use. WFI is also used in the production of medical devices, such as dialysis machines, as well as for cleaning and sterilizing equipment in pharmaceutical facilities.
The global WFI market is segmented based on the production process, end-use industry, and region. Based on the production process, the market is segmented into distillation, reverse osmosis, and deionization. Based on the end-use industry, the market is segmented into pharmaceuticals, biotech, and medical devices. Based on the region, the market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World.
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North America is a significant market for WFI, due to the presence of a large number of pharmaceutical and biotech companies. Europe is also a key market, due to the high demand for injectable medications and vaccines in the region. The Asia-Pacific region is expected to be the fastest-growing market, due to the increasing demand for injectable medications and the growing pharmaceutical industry in the region.
The major players operating in the WFI market include Merck Millipore, Thermo Fisher Scientific, Sartorius Stedim Biotech, GE Healthcare, Danaher Corporation, and Lonza Group. These players are focusing on expanding their production capacity and developing new technologies to meet the growing demand for WFI.
In conclusion, the growing demand for injectable medications and medical devices, coupled with the increasing demand for highly purified water for parenteral use, is expected to drive the growth of the WFI market. The market is expected to grow significantly in the coming years, due to the increasing demand for WFI in the pharmaceutical and medical industries.
Regional Analysis:
The market for water for injection is dominated by North America, and it is anticipated that this dominance will continue throughout the forecast period. Due to the presence of numerous key players, an advanced healthcare system, and rising R&D activities, it is anticipated to hold a significant market share from 2023 to 2030. The United States Pharmacopoeia (USP) and other regulatory guidelines must be followed when developing a drug. Additionally, as a result of advancements in technology, the key players are constructed to satisfy the requirements of the pharmaceutical sector and offer a cost-effective approach to the production of WFI. Carbon filtration, reverse osmosis, UV light, particle filtration, electrodeionization, and ultra-filtration technologies are just a few of the features of Evoqua's VRx system. The VRx system provides users with high-quality, dependable WFI.
Additionally, "Cold WFI" is a brand-new market term. It uses RO to soften and dechlorinate both cold and hot WFI. The main difference between the two types of WFI systems is that cold WFI systems use a second membrane barrier, like low-pressure ultrafiltration, instead of energy-intensive distillation processes to ensure microbiological quality.
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Water for Injection Market Trends Outlook Demand 2023 -2030
Global Water for Injection Market to Witness Huge Growth by Key Players: Abbott Laboratories, AdvaCare Pharma, B. Braun SE, FUJIFILM Holdings Corp., GlaxoSmithKline Plc, Merit Healthcare International Inc., Novartis AG, Pfizer Inc., Pharma Cure Laboratories and Sanofi