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NEW YORK , June 23, 2022 /PRNewswire/ -- The Laboratory Water Purifier Market is segmented by geography (Europe , North America , APAC, South America , MEA). 27% of the market's growth will originate from Europe during the forecast period. UK and Germany are the key markets for laboratory water purifier 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. Moreover, the market value is set to grow by USD 8.81 trillion , progressing at a CAGR of 10.14% from 2020 to 2025, as per the latest report by Technavio.

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The report analyzes the market's competitive landscape and offers information on several market vendors, including:

The laboratory water purifier market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

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Laboratory Water Purifier Market Scope

Accelerate at a CAGR of 10.14%

Europe, North America, APAC, South America, MEA, Europe, North America, APAC, South America, and MEA

US, UK, Germany, China, and Canada

Leading companies, competitive strategies, consumer engagement scope

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

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for the forecast period,

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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.

The laboratory water purifier market share growth by the type 2 segment will be significant during the forecast period. 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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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.

Our market report covers the following areas:

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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides 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 and counting, covering 800 technologies, spanning across 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.

Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: [email protected] Website: www.technavio.com/

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