Global Peristaltic Pumps Industry: Key Statistics and Insights in 2024-2032

Summary:

• The global peristaltic pumps market size reached USD 1.8 Billion in 2023.
• The market is expected to reach USD 3.0 Billion by 2032, exhibiting a growth rate (CAGR) of 5.76% during 2024-2032.
• Asia Pacific leads the market, accounting for the largest peristaltic pumps market share.
• Peristaltic tube pumps account for the majority of the market share in the type segment due to their flexibility, ease of maintenance, and compatibility with a range of fluids.
• Discharge capacity up to 30 PSI holds the largest share in the peristaltic pumps industry.
• Pharmaceutical and medical remains a dominant segment in the market owing to their reliability in processes, such as drug formulation and administration.
• The rising demand for precise fluid handling in the pharmaceutical and medical industries is a primary driver of the peristaltic pumps market.
• The trend of automation in various sectors and the emphasis on sustainability are reshaping the peristaltic pumps market.

Industry Trends and Drivers:

• Rising demand in the pharmaceutical and medical industries:

The increasing focus on precision and reliability in fluid handling, particularly within the pharmaceutical and medical sectors, represents one of the key factors supporting the market growth. These industries are utilizing accurate pumping solutions for applications, such as drug formulation, intravenous delivery, and laboratory processes. As healthcare standards are evolving, companies are prioritizing equipment ensuring accuracy and maintains sterility, making peristaltic pumps an ideal choice due to their capability to handle viscous fluids without contamination. In addition, the rising use of biopharmaceuticals is catalyzing the demand for efficient and flexible pumping solutions tailored as per specific requirements. Manufacturers are innovating to meet these needs, leading to advanced peristaltic pump designs catering to the stringent regulations of the pharmaceutical industry.

• Increasing automation in various industries:

The ongoing trend of automation across multiple industries is positively influencing the market. Sectors like food and beverage (F&B), chemical processing, and water treatment are adopting automated systems to improve efficiency and reduce operational costs. Peristaltic pumps are well-suited for these automated applications, owing to their straightforward design and compatibility with various control systems. Besides this, companies are seeking solutions for enhancing production efficiency while minimizing human error, which is resulting in the adoption of automated pumping systems. Moreover, technological advancements are enabling the development of smarter systems offering real-time monitoring and control capabilities, thereby contributing to the growth of the market.

• Rising focus on sustainability:

The shift towards sustainability and environment-friendly practices, as industries are becoming aware about their environmental footprints, is driving the demand for equipment promoting efficient resource utilization. Peristaltic pumps are assisting in these sustainability efforts by reducing the risk of contamination and product loss during the pumping process, ensuring that materials are handled with minimal waste. Apart from this, manufacturers are exploring energy-efficient designs and eco-friendly materials for their pumps, appealing to businesses prioritizing sustainable practices. This commitment to reduce carbon footprints is prompting industries to invest in peristaltic pumps as part of their broader environmental strategies, thereby offering a favorable market outlook.

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Peristaltic Pumps Market Report Segmentation:

Breakup By Type: