Peristaltic Pumps Market Anticipated to Reach US$ 1.8 Billion by 2033, Projecting a Steady 3.8% CAGR, Reports FMI

The peristaltic pumps market is projected to grow from its 2023 valuation of US$ 1.3 billion to an estimated US$ 1.8 billion by 2033, demonstrating a notable Compound Annual Growth Rate (CAGR) of 3.8% over the forecast period.

Peristaltic pumps are distinguished by their exceptional precision and control in fluid management, making them increasingly favored across a spectrum of industries. Operating through the rhythmic compression and relaxation of a flexible tube or hose, these pumps utilize a peristaltic motion to facilitate efficient liquid transfer without direct contact between the fluid and mechanical components. This inherent design offers a distinct set of advantages, making peristaltic pumps indispensable in sectors prioritizing precision and sterility in fluid handling.

With industries placing a premium on accuracy and sterile fluid management, peristaltic pumps emerge as a critical solution, poised to play a pivotal role in the anticipated growth trajectory of the global market.

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Hygienic Fluid Transfer in Diverse Industries:

Peristaltic Pumps offer a hygienic and sterile fluid transfer, making them indispensable in pharmaceutical manufacturing, medical diagnostics, and water treatment. Their ability to handle sensitive materials and deliver accurate dosing contributes to their popularity in bioprocessing, food industries, and research laboratories.

Technological Advancements and Environmental Sustainability:

Tube pumps are leading the Peristaltic Pumps Market with a growth trajectory of 3.5%. These pumps enable precise and pulsation-free fluid handling, making them essential for various industries requiring accurate and sterile fluid transfer.

Peristaltic Pumps in Medical and Pharmaceutical Industries:

Medical and pharmaceutical industries are among the primary users of Peristaltic Pumps, witnessing a 3.4% CAGR during the analysis period. Further, the pumps' ability to handle fluids with precision and hygienic design makes them indispensable in pharmaceutical manufacturing and medical settings

Key Takeaways from the Peristaltic Pumps Market Research Study:

• The Peristaltic Pumps Market in the United States is expected to experience steady growth, reaching a market size of US$ 322.2 million by 2033, with a CAGR of 3.7%. Factors driving this growth include advancements in pump technology and increasing applications in pharmaceuticals, medical, and industrial sectors.
• The United Kingdom market is projected to show moderate yet consistent expansion, with an absolute dollar growth of US$ 21.3 million and a CAGR of 3.6%. Advancements in pump technology and expanding applications in various sectors contribute to this growth.
• China's Peristaltic Pumps Market is set to expand significantly, reaching a market valuation of US$ 406.5 million by 2033. The country's thriving economy and focus on precision fluid handling drive the demand for Peristaltic Pumps in the pharmaceuticals, biotechnology, medical, and industrial sectors.
• The global market's outlook indicates steady growth, driven by technological advancements and increasing demand in key regions like the United States, the United Kingdom, and China.

Competitive Landscape and Top Companies Market Share:

Cole-Parmer Instrument Company LLC, Capillary Oy (Flowrox Oy), Gilson Inc., IDEX Corporation, Prominent Systems Inc., Randolph Austin Company, Graco Inc., and Verder Group.

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Recent Developments:

• Freudenberg Medical introduced HelixFlex, a high-purity thermoplastic elastomer TPE tubing developed for use in biopharmaceutical fluid transfer applications, in September 2022.
• Watson-Marlow Fluid Technology Group expanded its industrial Ethernet control offering in February 2022 by making PROFINET accessible on its cased peristaltic pump series 530, 630, and 730.
• Watson-Marlow Fluid Technology Group (WMFTG) unveiled the next generation of its industry-leading Qdos chemical metering pumps in August 2021. Qdos Conveying Wave Technology (CWT) improved the capabilities of Peristaltic Pumps by giving a longer service life than standard tube-based designs. Such releases are projected to fuel the market's expansion.

Peristaltic Pumps Market Segmentation:

By Type:

• Tube Pumps
• Hose Pumps

By End-Use:

• Pharmaceutical & Medical
• Food & Beverage
• Water & Wastewater Treatment
• Mining
• Chemical Processing
• Others

By Region:

• North America
• Latin America
• Western Europe
• Eastern Europe
• Asia Pacific Excluding Japan (APEJ)
• Japan
• The Middle East & Africa (MEA)

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Author:

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.