A laboratory peristaltic pumps allow fluids to be pumped through a flexible tube that is wrapped around a rotating roller in the pump head which squeezes the liquid out of the tube with compression force. This pumps have mechanism in which the fluid is dispensed without any contamination, this makes them perfect solution for dispensing in both chemical and biological labs. There are some factors that need to be considered while using a laboratory peristaltic pumps such as the compatibility of the liquid with the plastic tubing used, the amount of liquid to be dispensed, the trade-off between flow rate and pulse rate.
Pandemic coronavirus is believed to have negative impact on the global laboratory peristaltic pumps market. Laboratory peristaltic pumps manufacturing industries are being shuttered around the world causing an unusual technology and business model transformation. There has been a disruption in the supply-chain due the global restrictions. After the initial manufacturing and supply disruptions, the industries are now facing a demand shock. However, this is expected only for short period of time and expected to gain pre-COVID-19 market conditions in next 2 to 3 years.
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Laboratory Peristaltic Pumps Market: Drivers and Restraints
The global laboratory peristaltic pumps market is likely to grow during the forecast period due to the rising laboratory and industrial fields investments. In addition, the rising growth in government budgets in the developed countries, increasing competition among the players are expected to drive future growth of the laboratory peristaltic market. In addition, launch of novel products, and increasing adoption of laboratory peristaltic pumps, especially in pharmaceutical and biotech companies are expected to drive the global laboratory peristaltic pumps market growth.
However, the high cost of laboratory peristaltic pumps and the availability of low cost alternatives in the market are likely to restrain the global laboratory peristaltic pumps market in the near future.
Laboratory Peristaltic Pumps Market: Segmentation
Based on the product type, the global laboratory peristaltic pumps market can be segmented as:
- Fixed Speed Pumps
- Variable Speed Pump
Based on the material type, the global laboratory peristaltic pumps market can be segmented as:
- Silicone Rubber
Based on the end-user, the global laboratory peristaltic pumps market can be segmented as:
- Pharmaceutical & Biotechnology Companies
- Academic & Research Institutes
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Laboratory Peristaltic Pumps Market: Overview
Based on the product type, fixed speed pumps segment is likely to dominate the global laboratory peristaltic pumps market since the fixed speed pumps are considered more energy efficient than variable speed pumps. Based on the material type, silicon rubber is likely to dominate the global laboratory peristaltic pumps market. Based on the end-user, pharmaceutical & biotechnology companies are expected to hold a major share in the global laboratory peristaltic pumps market due to the higher usage of laboratory peristaltic pumps in the pharmaceutical and biotech companies.
Laboratory Peristaltic Pumps Market: Region-wise Outlook
North America is expected to dominate the global laboratory peristaltic pumps market owing to the technological advancement in products development and introduction of newer techniques. Furthermore, the rising investments in health care expenditure in the region is likely to fuel the laboratory peristaltic pumps market. North America is expected to be followed by Europe due to the improved medical technologies and presence of major players in the region. Asia Pacific is expected to have a fastest growth rate due to the increasing adoption of peristaltic pump, especially in the developing countries whereas Middle East and Africa is expected to have a slowest growth rate due to the lack of advanced technologies in the region.
Laboratory Peristaltic Pumps Market: Key Market Participants
Some of the market players in the global laboratory peristaltic pumps market identified across the value chain include: B. Braun Medical, Inc., GE Healthcare, DeVilbiss Healthcare, Spetec GmbH, Eldon James Corporation, Baxter International Inc., LLC, Qure Medical, Alimed, Inc., Medela AG, Cleaver Scientific Ltd., and Others.
The reports offer answers to the top 7 questions that revolve around the growth of the market
- What are the diverse growth parameters influencing the market?
- Which regions will contribute largely to the growth of the market
- What are the recent innovations and technological advancements in the market?
- What are the emerging trends across the market?
- How has COVID-19 affected the market?
- What will be the post-pandemic scenario of the market?
- What are the major threats that will dent the growth prospects of the market?
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