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Mar 01, 2024

Flow Control Innovations: Unraveling the Secrets of Peristaltic Pumps Market Growth Predicted to US$ 1.8 Billion by 2033

The Peristaltic Pumps Market is experiencing notable growth due to its wide array of applications and advantages across various industries. According to Future Market Insights, these factors, along

The Peristaltic Pumps Market is experiencing notable growth due to its wide array of applications and advantages across various industries. According to Future Market Insights, these factors, along with others, are driving the global market growth of Peristaltic Pumps. The report also explores the challenges and opportunities within the market, as well as provides insights into the competitive landscape and market shares of key players.

NEWARK, Del, Aug. 03, 2023 (GLOBE NEWSWIRE) -- The adoption of Peristaltic Pumps Market is expected to increase at a CAGR of 3.8% during the forecast period. The Peristaltic Pumps Market size is anticipated to rise from US$ 1.3 Billion in 2023 to US$ 1.8 Billion in 2033.

The Peristaltic Pumps Market is a dynamic and significantly growing industry around precision fluid handling solutions. These pumps operate on the principle of peristalsis, where rollers or shoes compress a flexible tube to create a smooth and pulsation-free flow of fluids.

The market's versatility spans various sectors, including pharmaceuticals, healthcare, biotechnology, industrial automation, environmental applications, and research.

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.

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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.

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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.

Competitive Landscape and Top Companies Market Share:

The United States

Canada

Brazil

Mexico

Germany

Italy

France

The United Kingdom

Spain

Russia

China

Japan

India

GCC Countries

Australia

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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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About Future Market Insights (FMI):

Future Market Insights, Inc. (ESOMAR certified, Stevie Award - recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10 years.

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