Peripheral Pumps Market REPORT OVERVIEW
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The global peripheral pumps market size is expanded rapidly in 2022 and market is expected to generate substantial revenue by 2031, exhibiting a high compound annual growth rate (CAGR) from 2022 to 2031.
Peripheral pumps are a device which is used to move fluid from one place to another in the body. The product is often used to remove excess fluid from tissues or maintain blood flow.
Growing demand for minimally invasive surgeries across the globe is anticipated to drive market growth. Rise in need advanced surgeries method and painless treatment. Rise in prevalence of chronic diseases such as stroke, heart diseases, diabetes and others are estimated to fuel market growth in the forthcoming years. The product ensures regular monitoring and treatment with such as dialysis machines and infusion pumps is predicted to boost market growth. Rapid technology advancements and increased innovations is anticipated to fuel market growth. Huge adoption of the product in oil and chemical industry is expected to drive market growth. Rise in investment by market players and several government regulations is predicted to foster market growth in the coming years. The pumps can be either electrical or mechanical which includes devices such as infusion pumps, heart pumps, and dialysis machines. The product is quite efficient in food & beverage sector and rapid urbanization is expected to propel market growth. On the contrary, higher costs of the equipment is anticipated to hinder market growth.
COVID-19 Impact: Huge Demand from Healthcare Sector to Boost Market Growth during Pandemic
The sudden spread of COVID-19 pandemic affected several businesses. Lockdown restrictions and other factors such as social distance protocols hamper market growth. However, the market witnessed sudden boost due to rise in demand from healthcare sector. Also, increased investment by market players accelerated market growth.
LATEST TRENDS
"Growth in Petroleum Sector to Accelerate Market Progress"
The growing demand from petroleum sector is estimated to fuel market growth. The petroleum industry is the largest user of the product. The pumps as several advantages such as high pressure with ease efficiency, which is anticipated to accelerate market growth. Growing awareness about petroleum is expected to fuel market progress. Huge need for corrosive liquids is estimated to accelerate market progress in the forthcoming years.
Peripheral Pumps Market SEGMENTATION
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- By Type
Based on type, the market is divided into magnetic peripheral pump and centrifugal peripheral pump.
Magnetic peripheral pump is expected to be the top part of type segmentation.
- By Application
Based on the application, the market is divided into oil industry, chemical industry, food industry, and other.
Oil industry is expected to be the top part of application segmentation.
DRIVING FACTORS
"Expansion in Healthcare Sector to Foster Market Progress"
Growing demand for minimally invasive surgeries across the globe is anticipated to drive market growth. Rise in need advanced surgeries method and painless treatment. Rise in prevalence of chronic diseases such as stroke, heart diseases, diabetes and others are estimated to fuel market growth in the forthcoming years. The product ensures regular monitoring and treatment with such as dialysis machines and infusion pumps is predicted to boost market growth. Rapid technology advancements and increased innovations is anticipated to fuel market growth.
"Rise in Investments by Governments to Fuel Market Growth "
The rise in government investments in developing regions is anticipated to boost market growth. Growing industrialization and rise in demand for energy, which is estimated to drive market growth. Huge adoption of the product in oil and chemical industry is expected to drive market growth. Rise in investment by market players and several government regulations is predicted to foster market growth in the coming years. The pumps can be either electrical or mechanical which includes devices such as infusion pumps, heart pumps, and dialysis machines. The product is quite efficient in food & beverage sector and rapid urbanization is expected to propel market growth.
RESTRAINING FACTORS
"High Costs of Equipment to Hinder Market Growth "
The higher costs of the equipment are anticipated to hinder market growth in coming years.
Peripheral Pumps Market REGIONAL INSIGHTS
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"Rise in Need for Advanced Surgeries in Asia Pacific to Drive Market Share "
Asia Pacific is anticipated to dominate peripheral pumps market share owing to rise in need advanced surgeries method and painless treatment. Rise in prevalence of chronic diseases such as stroke, heart diseases, diabetes and others are estimated to fuel market growth in the forthcoming years. The product ensures regular monitoring and treatment with such as dialysis machines and infusion pumps is predicted to boost market growth. Rapid technology advancements and increased innovations is anticipated to fuel market growth. Huge adoption of the product in oil and chemical industry is expected to drive market growth. Rise in investment by market players and several government regulations is predicted to foster market growth in the coming years. The pumps can be either electrical or mechanical which includes devices such as infusion pumps, heart pumps, and dialysis machines. The product is quite efficient in food & beverage sector and rapid urbanization is expected to propel market growth.
KEY INDUSTRY PLAYERS
"Leading Players Adopt New Strategies to Stay Competitive"
The report covers information about the list of market players and their latest development in the industry. The information includes mergers, partnerships, acquisitions, technological developments, and production lines. Other aspects examined for this market include complete research on companies producing and introducing the latest products, regions they conduct their operations in, automation, technology adoption, generating the most revenue, and making a difference with their products.
List of Market Players Profiled
- Grundfos (Denmark)
- Flowserve (U.S.)
- ITT (U.S.)
- KSB (Germany)
- Sulzer (Switzerland)
- Ebara (Japan)
- Schlumberger (U.S.)
- Weir Group (U.K.)
- Wilo AG (Germany)
- Idex (U.S.)
- Pentair (U.S.)
- Clyde Union (U.S.)
- Vano (Japan)
- Atlas Copco (Sweden)
- DAB (U.S.)
- FNS Pumps (Japan)
- Allweiler (Germany)
- Shanghai Kaiquan (China)
- FengQiu (China)
- Shandong Sure Boshan (China)
- LEO (U.S.)
- CNP (U.S.)
- Sanlian Pump Group (China)
- Hunan Changbeng (China)
- Shanghai East Pump (China)
- Shandong Shuanglun (China)
REPORT COVERAGE
This research profiles a report with general studies that explain the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by examining the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, and others. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.
Frequently Asked Questions
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What is the leading region in the peripheral pumps market?
The leading region in the peripheral pumps market is Asia Pacific.
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What are the driving factors help pushing the peripheral pumps market?
The drivers of the peripheral pumps market are expansion in healthcare sector and rise in investments by governments.
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Which are the key player or most dominating companies functioning in the peripheral pumps market?
Grundfos, Flowserve, ITT, KSB, Sulzer, Ebara, Schlumberger, Weir Group, Wilo AG, Idex, Pentair, Clyde Union, Vano, Atlas Copco, DAB, FNS Pumps, Allweiler, Shanghai Kaiquan, FengQiu, Shandong Sure Boshan, LEO, CNP, Sanlian Pump Group, Hunan Changbeng, Shanghai East Pump, and Shandong Shuanglun are the key player or most dominating companies functioning in the peripheral pumps market.
