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FDA Regulation and Its Impact on the Pump Market

  • January 2014
  • 53 pages
  • Frost & Sullivan
Report ID: 2011351

Summary

Table of Contents

FSMA Drives Growth Opportunities in the Food and Beverage Industry

With the number of food scares on the rise across the United States, the FDA has taken an active role to curb issues of food safety. The Food Safety Modernization Act (FSMA) is one such act that gives authority to take preventive measures to avoid food-borne outbreaks. As demand increases, these changes are expected to have a positive impact on sanitary equipment manufacturers. In this research, an in-depth analysis of the impacts on the regulations for pump manufacturers is highlighted with market data on North American sanitary pumps. Key strategies to leverage the market potential conclude the research study.

Executive Summary

1. Business Insight: The FSMA focuses on prevention; FSMA regulations grant the FDA the authority to act preventatively rather than reactively.
2. Growth Insight: Investments coupled with implementation of Food Safety Modernization Act (FSMA) regulations are opening new opportunities for sanitary pumps.
3. Profit Insight: Targeted focus, tiered strategy, and innovative technology fitting the needs for this regulated industry will help in seizing this opportunity.

What are Mega Trends and Micro Booms?

Mega Trends
Mega Trends are global, sustained, and macroeconomic forces of development that affect business, the economy, society, cultures, and personal lives, thereby defining our future world and its increasing pace of change. Time frames for Mega Trends are Xto Xyears.

Micro Booms
Contributing to these Mega Trends are many smaller but compelling trends that are defined in time frames of Xyear and can offer immediate opportunities for companies that know how to identify and capitalize on them. These are Micro Booms, and the Frost & Sullivan IPC team is showcasing a series of Micro Boom opportunities in 2012.

Micro Booms—What Will We Be Looking Into?

1. Business Insight: What is it? This segment details the following:
• What is the market/business about?
• Why invest in the business?
• Which issues and challenges should I be aware of?
• What is the current state of the market, and where is it headed?
• What are the critical attributes of success within the market?

2. Growth Insight: Why should I care? This segment details the following:
• What is the market potential and its growth trajectory?
• How is the competitive landscape situated?
• What are the pockets of growth opportunities?
• What are the near-adjacent areas of opportunity that solution providers can capitalize on?

3. Profit Insight: What should I do about it? This segment details the following:
• What are my near-adjacent market opportunities?
• How should I package my products to achieve improved margins?
• What should the go-to market and service strategy be?

Scope of the Study

Product Segmentation
• Centrifugal Pump
• Positive Displacement Pump
- Rotary Pump
- Reciprocating Pump
- Peristaltic Pump

End-user Segmentation
• Food and Beverage

Geographical Segmentation
• United States

Product Definitions

Centrifugal Pumps
Centrifugal pumps employ a rotating impeller to enhance the pressure of the transfer fluid. The fluid inlet is along the rotating axis, and it is forced out axially or radially after being accelerated by the rotating impeller. The different types of centrifugal pumps covered in this study are single-stage, multi-stage, axial and mixed flow, and circulator and seal-less pumps.

Positive Displacement Pumps
Positive displacement (PD) pumps are devices that move fluid by trapping a fixed amount of the fluid and then displacing that trapped volume into a discharge pipe. The different types of PD pumps covered in this study are rotary, reciprocating, and peristaltic pumps.

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