Market for Laboratory Water Purifiers to Gain Impetus with Healthcare Concerns Prevailing

In the extremely complicated global market for water purifiers, numerous well-entrenched global and regional companies are striving to gain competitive advantage over one another. Some of the prominent strategies that the leading manufacturers are likely to apply are extreme concentration on of product differentiation and leveraging cutting edge technologies to find an answer to their issues related to product differentiation and portfolio expansion. The competition between both the international and the domestic players are likely to intensify in the years ahead owing to their struggle to gain an upper hand through technological advancements. The various other means that the companies are adopting to have a firm stance in the market are strategic alliances and acquisitions. Apart from this, the leading vendors are also known to put to use advanced distribution networks and after-sales services.

The global market for laboratory water purifier is likely witness a noticeable CAGE of 11.6% from 2017 to 2022. The market was worth US$10.060 bn in 2016 and is expected to touch a valuation of US$19.259 bn by the end of 2022.

How is rising areas of application a boon for the market?

The advent of novel and advanced technologies are aiding in the development of high-end laboratory water purifier with enhanced functions. Technical investments, mainly in developing nations of Asia Pacific is a prime factor that is expected to supplement the growth of the market in the near future. Another prominent factor that is expected to catalyze the progress of the market is the use rising use of these purifiers in different application areas. They are increasingly being used not only in laboratory activities but also related fields, thus generating an intense demand for the product in the years yet to come, mainly in the Asia Pacific region.

What factor will crimp the demand?

In spite of the market having a good scope of growth in the future, it might face certain slowdown in the coming years owing to low level of awareness regarding the product among a vast section of consumers. The fact that customers lack knowledge on the type of purifier to be used for different applications, is expected to hamper the growth of the market in the years to come. However, the players can seek privilege from the improving technology and the emergence of untapped market regions.

How will Asia Pacific act as game changer?

Asia Pacific is expected to emerge as a game changer in the market for laboratory water purifier with technological advancements on the go. Several companies are investing highly on technological development in Japan and China and the rising deployment of laboratory water purifiers in various sectors of these countries such as OEM, clinical diagnostics, pharmaceuticals, and hospitals. 


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