What Are The 5 Takeaways From The Peristaltic Pumps Market Overview 2024
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The peristaltic pumps market has witnessed strong growth, advancing from <$1.62 billion in 2023 to <$1.75 billion in 2024, with a compound annual growth rate (CAGR) of 7.7%. This historic growth is driven by the rising demand for pharmaceutical products and the expansion of emerging markets. Looking forward, the market is projected to reach <$2.44 billion by 2028, reflecting robust growth with a CAGR of 8.7%. This forecasted expansion is supported by rapid industrialization, growth in manufacturing industries, and increased investments in water and wastewater treatment infrastructure. Key trends anticipated in the forecast period include the development of advanced peristaltic filling pumps, the adoption of touch screen technology, new product launches, technological advancements, and increased mergers and acquisitions.
The forecasted increase in investments in water and wastewater treatment infrastructure is expected to bolster the growth of the peristaltic pumps market. These pumps are vital for managing viscous sludge with high solid concentrations in wastewater treatment systems. According to the US Environmental Protection Agency (EPA), there is an estimated requirement of approximately $655 billion for water and wastewater infrastructure investment over the next 20 years in the USA. In August 2022, the EPA, alongside the US Department of Agriculture, launched a pilot project to address unmet sanitation needs and enhance wastewater infrastructure in rural regions across the USA. This rising investment in water and wastewater treatment infrastructure is anticipated to drive the peristaltic pumps market, with market sizes for 2023, 2024, and 2028 being critical to understanding and supporting this growth trajectory.
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What Are The Key Trends That Influence Peristaltic Pumps Market Share Analysis?
The use of touch screen technology is a key trend in the peristaltic pumps market, featuring pumps with touch screens for real-time monitoring of flow rate, dispensed volume, and flow direction. For example, in February 2021, High Purity New England (HPNE), a US-based supplier of single-use solutions for the biopharmaceutical industry, introduced the VerderFlex Vantage 5000 peristaltic pump. This pump, developed by Verder Inc., has a flow rate range of 70 l/min to 6600 ml/min, and includes features such as high-resolution 4000:1 turndown drive, touch screen interface, downloadable job and pump history, and remote monitoring capabilities via the Verderflex App. The touchscreen also supports icon-based programming, real-time event timestamps, and USB onboard storage.
Which Market Players Are Driving Growth In The Peristaltic Pumps Market?
Major companies operating in the market are 3M, Hu-Friedy Mfg Co LLC, Dentsply Sirona, Patterson Companies Inc, NuSmile Ltd, Acero Crowns, Kinder Krowns, Sprig Oral Health Technologies Inc, Space Maintainers Laboratories, Denovo Dental, Toothsi, ezsmile, SmilePath, Star Smile, Clove Dental, Angelalign, Keen Dental, Q&M Dental Holdings, Shenzhen Midway Dental Lab Co Ltd, PlusDental, UK Sedation, Straight Teeth Direct, Dentelia, DB Orthodontics, German Dental Clinic Ltd., Colosseum Dental UK, Dental Fantasy, Happy Smile, CONMET, Jsc Oez Vladmiva, DENT ESTET 4KIDS, Kavident Dental Center, Comfort Care Dental, Greenpoint Pediatric Dentistry, NuSmile Inc., Leduc Dental Centre, SickKids, Comfort Care Dental Clinic, Bow Trail Dental, CRH Oral Design Inc, The Dental Clinic & GT Concept Asociados, Smiles Peru – Dental Health, Drs. Pelcman Practice, Saudi German Hospitals Group, Appolonia World, Dr. Paul’s Dental Clinic, Sno Dental Clinics, Souq Dental, Pearl Dental Clinic, DSI Dental Solutions, Richmond Dental Clinic, Platinum Dental Surgery, King Pediatric Dentistry, Smith And Van Lierop Dentist, Blouberg Dental, Miles Of Littles Smiles, Inter Africa Dental
How Is The Global Peristaltic Pumps Market Segmented?
The peristaltic pumps market covered in this report is segmented –
1) By Type: Peristaltic Tube Pumps, Peristaltic Hose Pumps
2) By Product Type: Fixed Speed Pumps, Variable Speed Pumps
3) By Discharge Capacity: Up to 30 psi, 30-50 psi, 50-100 psi, 100-200 psi, Above 200 psi
4) By End-User: Pharmaceutical And Medical, Water And Wastewater Treatment, Food And Beverage, Chemical Processing, Mining, Pulp And Paper, Other End-Users
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The Peristaltic Pumps Global Market Report 2024 provides an overview of the peristaltic pumpsmarket for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The peristaltic pumps market forecast analyzes peristaltic pumps market size, peristaltic pumps market share, leading competitor and their market positions.
The Table Of Content For The Peristaltic Pumps Market Include
1. Peristaltic Pumps Market Executive Summary
2. Peristaltic Pumps Market Segments
3. Peristaltic Pumps Market Size And Template Market Growth Rate
4. Key Peristaltic Pumps Market Trends
5. Major Peristaltic Pumps Market Drivers
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25. Key Mergers And Acquisitions In The Peristaltic Pumps Market
26. Top Peristaltic Pumps Companies
27. Peristaltic Pumps Market Opportunities And Strategies
28. Peristaltic Pumps Market, Conclusions And Recommendations
29. Appendix
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