Market Trends of Peristaltic Pumps Industry
The Peristaltic Tube Pumps Segment is Expected to Hold a Significant Market Share
Peristaltic tube pumps have flexible tubes that use positive displacement to transport fluids in a continuous, smooth, pulsing motion, simulating natural peristalsis in many biological systems. These dispense fluid in various applications, including pharmaceuticals and medical. The growing demand for peristaltic tube pumps for drug discoveries and new product launches is expected to drive the segment’s growth over the forecast period.
Increasing applications of peristaltic tube pumps in hospitals and drug discoveries are projected to drive the segment’s growth over the forecast period. For instance, according to the study published in the Journal of Mechanical Behaviour of Biomedical Materials in December 2022, peristaltic tubing pumps are frequently used in hospitals or drug production and have versatile applications. Such applications and increasing adoption are anticipated to drive segmental growth.
Additionally, strategies adopted by market players, like product launches, which further point to technological advancements in this segment, are likely to boost segmental growth. For instance, in March 2023, Boxer GmbH launched a new peristaltic pump range: 15KU. The 15KU is a peristaltic pump offering flow from 0 to 700 ml/min. The 15KS series is a versatile and unique peristaltic pump range designed for accurately dispensing liquids.
Similarly, in February 2022, Watson-Marlow Fluid Technology Group expanded its industrial Ethernet control options by introducing PROFINET compatibility to its 530, 630, and 730 family of cased peristaltic pumps. This enhanced communication capability empowers customers to retrieve rapid and precise performance data, ensuring seamless integration with contemporary PLC control systems and the Internet of Things (IoT) through EtherNet/IP or PROFINET.
Hence, owing to the increasing applications of peristaltic tube pumps and new product launches, the segment is expected to grow over the forecast period.
North America Holds a Significant Share and is Expected to Continue the Trend During the Forecast Period
North America is expected to dominate the market due to many academic and research institutes and pharmaceutical companies that use peristaltic pumps in disinfection applications.
The increasing amount of research and development spending by academic institutions in the region is projected to drive market growth over the forecast period. For instance, according to the data published by the Association of American Universities (AAU) in December 2023, academic institutions spent a total of USD 97.8 billion on R&D in 2022, an increase of USD 8 billion compared to the previous year. Such huge R&D expenditures by academic institutions in the United States are expected to drive market growth due to the rising adoption of peristaltic pumps in drug discovery.
Rising funding activities to accelerate various preclinical studies in Canada are expected to drive the market in the upcoming years. For instance, in May 2023, the Canadian government invested USD 225.0 million to support AbCellera in creating a state-of-the-art biotech campus with a new preclinical antibody development facility. Such investments by the government to accelerate preclinical studies in the country increase the demand for peristaltic pumps as they help maintain the sterility of fluids, which is expected to drive the market over the forecast period.
Key strategies by market players, such as product launches, mergers and acquisitions, and expansions, are expected to drive the market over the forecast period. For instance, in April 2022, NETZSCH Pumps North America LLC entered the peristaltic market with the launch of the PERIPRO Pump and expanded its positive displacement pump offerings. The pump delivers low and significant flow rates at various pressures.
Thus, the market is anticipated to grow during the forecast period owing to the engagement of market players and the growing number of research and development activities.
