Peristaltic Pumps Market worth USD 2.22 Bn. by 2029 Growth, Size, Share, Trends, Forecast, Supply Demand to 2029

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Peristaltic Pumps Market worth USD 2.22 Bn. by 2029 Growth, Size, Share, Trends, Forecast, Supply Demand to 2029

November 25
17:46 2022
Peristaltic Pumps Market worth USD 2.22 Bn. by 2029 Growth, Size, Share, Trends, Forecast, Supply Demand to 2029
Peristaltic Pumps Market
The Peristaltic Pumps Market size was valued at USD 1.36 Billion in 2021 and is expected to grow by 6.31% from 2022 to 2029, reaching nearly USD 2.22 Billion.

Pune, 25, Nov 2022: According to Maximize Market Research, the Peristaltic Pumps Market is expected to reach USD 2.22 billion by 2029, growing at a CAGR of 6.31%. Verder Group, Cole-Parmer Instrument Company LLC, ProMinent Group, Graco Inc., and Flowrox are among the market’s key players.

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Peristaltic Pumps Market Scope and Research Methodology

The primary and secondary data sources are used for the market estimation. During the research process, the following factors are investigated: government policy, market environment, competitive landscape, historical data, current market trends, technological innovation, upcoming technologies, and the technical progress in related industries, as well as market risks, opportunities, market barriers, and challenges. To provide the final quantitative and qualitative data, all conceivable factors influencing the markets included in this research study were considered, thoroughly examined, validated through primary research, and evaluated. Market size for top-level markets and sub-segments is normalized, and the impact of inflation, economic downturns, regulatory & policy changes, and other variables is factored into the market forecast. This information is presented in the report, along with detailed inputs and analysis.

To estimate market size and analyze global market trends, bottom-up approaches were used. To obtain accurate inferences, data was collected from a large sample using both primary and secondary research methods. Surveys, questionnaire distribution, and phone interviews with industry experts, market leaders, entrepreneurs, and marketing professionals were the primary methods used. Secondary data was meticulously gathered from a carefully selected set of sources to ensure the accuracy of the conclusions. There are paid databases, industry journals, white papers, annual reports, product manufacturer and supplier releases, official databases of numerous organizations, and government websites in addition to white papers and annual reports. PESTLE analysis was used to understand various market factors, and SWOT analysis was used to understand the strengths and weaknesses of major corporations. As a result, the report examines the Peristaltic Pumps Market in great detail.

Peristaltic Pumps Market Overview

Peristaltic pumps are in high demand in a wide range of industrial applications due to their operational efficiency and significant maintenance cost savings. Peristaltic pumps are increasingly being customized for specific applications. Custom peristaltic pumps, which are available in a variety of tubing materials, sizes, and pump head forms, are gaining popularity in the peristaltic pump market. Peristaltic pumps are also widely used in the mining industry, particularly when moving highly concentrated materials.

Peristaltic Pumps Market Dynamics

Peristaltic pumps are effective for continuously pumping liquids and fluids with varying viscosities. The requirement to suit a wide range of dosing applications in various sectors is one major trend driving ongoing technological advancements and modifications in pump heads and tubing mechanics. Driving mechanisms have also advanced significantly in order to achieve the required delivery rates for applications in wastewater and water treatment. The high operational efficiency and safety of peristaltic pumping technology are critical factors in its selection. These factors are propelling the global Peristaltic Pumps Market forward.

Peristaltic pumps are primarily used in the medical industry to process botanical medications, medicinal plants, and various active medicinal ingredients in order to create pharmaceutical products for both internal and external consumption. Products for peristaltic pumps that are introduced to the market must adhere to a number of restrictions, particularly in the medical industry. Among the important certifications are NSF 51, USP Class VI, and FDA rule 21 CFR 177.2600. The growing use of peristaltic pumps in the delivery of large proteins and cells is a significant development in the opening up of new business opportunities. Precision and self-priming in biological fluids are constantly being improved in order to meet a wider range of applications in the biotech and life sciences industries. These factors are propelling the global Peristaltic Pumps Market forward.

Peristaltic Pumps Market Regional Insights

North America held the largest market share of the global peristaltic pumps Market, in 2021. Academic and research institutions, diagnostic labs, diagnostic centers, and pharmaceutical companies use peristaltic pumps in disinfection applications, fueling the regional market growth. The preparation of 5-FU elastomeric pumps is a time-consuming task that causes musculoskeletal disorders. A researcher created a two-peristaltic pump automated filling device (one for the diluent, and one for the cytotoxic drug). The pumps delivered precise amounts of fluid. Because of these peristaltic pump advancements, pharmacists must quickly prepare an increasing number of chemotherapies to ensure the highest level of patient satisfaction and support regional market growth.

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Peristaltic Pumps Market Segmentation

By Type

  • Peristaltic tube pumps
  • Peristaltic hose pumps

By Discharge Capacity

  • Up to 30 psi
  • 30-50 psi
  • 50-100 psi
  • 100-200 psi
  • Above 200 psi

By End-Use Industry

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

Peristaltic Pumps Market Key Competitors: 

  • Cole-Parmer Instrument Company LLC
  • Flowrox Oy
  • IDEX Corporation
  • Prominent Systems Inc.
  • Randolph Austin Company
  • Verder Group
  • Gilson, Inc.
  • Graco, Inc.
  • Wanner Engineering, Inc.
  • Watson-Marlow Fluid Technology Group (Wmftg)
  • Verder Group
  • Heidolph Instruments

Key questions answered in the Peristaltic Pumps Market are: 

  • What are Peristaltic Pumps? 
  • What is the growth rate of the Peristaltic Pumps Market for the next five years? 
  • What is the nature of competition in the Peristaltic Pumps industry in developed economies and developing economies? 
  • Who are the key players in the Peristaltic Pumps Market?
  • Who are the market leaders in Peristaltic Pumps in Europe?
  • Who are the market leaders in Peristaltic Pumps in USA and Canada?
  • Who are the market leaders in Peristaltic Pumps in India, China, Japan, and South Korea?
  • What are the factors affecting growth in the Peristaltic Pumps Market? 
  • Who held the largest market share in the Peristaltic Pumps Market? 
  • What are the factors for the growth of the Asia-Pacific region in the Peristaltic Pumps Market?

Key Offerings:

  • Market Share, Size & Forecast by Revenue | 2022−2029
  • Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
  • Market Segmentation – A detailed analysis by Type, Discharge Type, End-use Industry and Region 
  • Competitive Landscape – Top Key Vendors and Other Prominent Vendors

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About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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