Peristaltic Pumps: A Boon for Industries
The global peristaltic pump market is estimated to value of USD 987.6 million in 2021 and is projected to grow at a CAGR of 7.2% during the forecast period as per an accurate compilation of market analysis by Quince Market Insights. Peristaltic pumps have diverse fields of operation with the pumps being needed in pharmaceutical, medical, and effluent treatment industries.
The cost of a peristaltic pump is a function of its operating system and material of construction. As raw materials prices escalate, the price of peristaltic pumps also rises. Much of the peristaltic pumps are personalized, inclining to the needs of the end-use industries. The implementation of the latest technologies for mechanization, such as Ethernet and BUS options, further adds to the steep price of the product. Getting customers to see the advantages of peristaltic pumps couple with a degree of modernization will bolster the peristaltic pumps market. However, due to the lack of brand variety, price alterations are sensitive in this market. Alterations in the price of peristaltic pumps bring buyers to shift to other manufacturers.
Wellness Industry: Viable Options with Peristaltic Pumps
Of late, miniature peristaltic pumps are making steep inroads into the wellness industry as point of care diagnostic tools for enhancing diagnosis and patient outcomes in microfluidic technologies. The microfluidic devices are designed to operate wellness paraphernalia for liquid handling that steeply adds to the cost and complexity of these systems and lowers their potential for use and widespread adoption in low resource healthcare applications. Miniature peristaltic pumps alternatively offer low-cost solutions to these microfluidic devices, which can be manufactured with a combination of 3D printed parts and common hardware.
Hospitals having revamped their salient surgical processes to more futuristic options such as robotics, smart surgical instruments, unique visualization systems, augmented reality to imaging, sensing, software and real-time data. This has resulted in the success of surgeries and improvement in medical procedures.
This calls for more sophisticated surgical equipment with an equivalent demand for peristaltic pumps with the peristaltic pumps being employed in the surgical equipment. In the medical and pharmaceutical industry, peristaltic pumps are typically cut-out for manufacturing biological & medicinal products, sifting botanical drugs & herbs, isolating active medicinal principles, and manufacturing pharmaceutical products intended for consumption in various forms. It can be added that pharmaceutical and medical industry is the most significant end-user of peristaltic pumps market.
Effluent Treatment: Peristaltic Pumps Addresses Water Scarcity
Drinking water has become a time-tested agonizing complaint with supply falling short of the mark. Ground water levels are also falling down to alarming levels; the available resources are being contaminated with industrial wastes and effluents. Peristaltic pumps are an inherent part and parcel of water treatment systems for residential, commercial, municipal, industrial, and other process uses. The traditional method of wastewater treatment, such as filtration, is being substituted by systems that integrate peristalsis with flow pointers and sophisticated digital control & monitoring systems. These new systems deploy accurate chemical dosages to optimize the output of conditioned water. Proverbially rising freshwater demands, scarcity of sources, burgeoning population, and industrial sector growth are a few factors that are aggravating water scarcity across the globe. The growing funding in this sector is anticipated to drive the peristaltic pumps market.
Different Types of Peristaltic Pumps
There are two classes of peristaltic pumps; peristaltic tube pumps and peristaltic hose pumps. Peristaltic tube pumps are also called low-pressure pumps, which conventionally have dry casings and non-reinforced casings and use rollers to provide compressive force. These types of pumps function up to the working pressure of 4 bars. The subtle degree of compliance in need for a peristaltic pump with a certain class of fluid is dependent upon the design and type of tubing material used. Some of the tubing materials employed are polyvinylchloride (PVC), silicone rubber, and fluoropolymer.
Regional Outlook: Asia Pacific Dominates Peristaltic Pump Market
Asia pacific is anticipated to register the largest market share during the forecast period.
The major markets in Asia pacific such as China, India, Japan, and South Korea, have a progressive demand for peristaltic pumps. Asia pacific is slated to be the most thriving market for peristaltic pumps due to the blistering pace of manufacturing and other end-use industries in the region. The global producers of peristaltic pumps are eyeing this region as it has the speediest industrial hub with developing markets, such as Indonesia and Malaysia.
Asia pacific is the production hub for and medical equipment and pharmaceutical products. This has been a key factor for the market growth in the region during COVID-19, as Asia pacific supplied essential medical supplies to the global market. The region provided a copious number of ventilators to meet the demand in Europe and North America. The COVID-19 vaccine also slated to be manufactured in India, will create a projectable demand for vial filling machines in which peristaltic pumps are used.
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