Laboratory water purification system is used to produce water of application-specific quality. Purified water is classified into different grades based on parameters such as electrical conductivity, total organic carbons (TOC), and resistivity. According to the American Society for Testing and Materials (ASTM), ultrapure water should have resistivity of >18 MΩ-cm, conductivity of <0.056 µS/cm, and <50 ppb of TOC. Rise in number of research projects, increase in funding for laboratories, and stringent manufacturing practices are the factors projected to propel the global laboratory water purification systems market during the forecast period. However, high cost of equipment and maintenance and stringent regulatory authorities are anticipated to restrain the global laboratory water purification systems market.
The global laboratory water purification systems market can be segmented based on technology, type, end-user, and region. In terms of type, the global market can be classified into type I water purification systems, type II purification systems, and type III water purification systems. The type I water purification systems segment dominated the global laboratory water purification systems market in 2017, as these systems produce ultrapure water which is essential in specific biotechnology applications. In vitro fertilization, tissue & cell culture, and DNA research also require ultrapure water which is both biologically pure and free of trace metals and dissolved organics. Moreover, ultra-sensitive analytical instruments including HPLC, GFAA, ICP/MS, IC, AAS, and GC/MS are capable of detecting elements and compounds in nanograms per liter (ng/L) or parts per trillion (ppt). These instruments require water that is absolutely pure. These applications of ultrapure water are projected to drive the type I water purification systems segment during the forecast period. Type II water is required for preparation of reagents, washing of plastic and glassware, and preparation of media and electrophoresis gels. Moreover, type II water can be used to feed instruments and clinical analyzers because there is less calcium buildup, and as feed water to a type I system. These factors are anticipated to propel the type II water purification systems segment from 2018 to 2026.
Based on technology, the global laboratory purification systems market can be categorized into distillation, reverse osmosis, deionization, ultrafiltration (UF) & ultraviolet (UV) oxidation, and others. The others segment includes adsorption and particulate filtration. The ultrafiltration (UF) & ultraviolet (UV) oxidation segment is expected to dominate the global laboratory water purification systems market during the forecast period, as the technology is used to produce ultra-low total organic contamination (UV) and pyrogen free water (UF). In terms of end-user, the global laboratory water purification systems market can be divided into research & academic institutes, biotechnology & pharmaceutical companies, and others. Research & academic institutes accounted for the largest share of the global market in 2017, as these institutes have large number of ultra-sensitive analytical instruments for research purposes. Moreover, installation of water purification systems is high in research & academic institutes, as these require high volume of purified water. The biotechnology & pharmaceutical companies segment is likely to grow at a rapid pace during the forecast period due to increase in in-house R&D facilities.
Geographically, the global laboratory water purification systems market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America was the leading market for laboratory water purification systems in 2017, driven by financial, economic, and technological developments. Europe was the second largest market for laboratory water purification systems in 2017. Most of the countries in Asia Pacific are emerging economies, with evolving R&D. This is expected to contribute to the growth of the laboratory water purification systems market in the region. Latin America and Middle East & Africa are small markets for laboratory water purification systems due to underdeveloped research and development infrastructure.
Key players operating in the global laboratory water purification systems market includes Merck KGaA, Thermo Fisher Scientific, Sartorius, Avidity Science, and Labconco.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
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The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
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