The report titled “Micro-Pump Market -Forecast to 2027″ is a direct appreciation by Market Research Future of the market potential of the Micro-Pump Market. The report intends to provide accurate and meaningful insights, both quantitative as well as qualitative. It can be said with high confidence level, that this report will satisfy the need for comprehensive insights needed to compete and beat other players in today’s winner takes all market! Globally the market for micro-pump is expected to grow at the rate of about 17.2% from 2016 to 2027.
MarketResearchFuture.com adds “Micro-Pump Market -2018 Global Analysis, Growth, Trends and Opportunities Research Report Forecasting to 2027” reports to its database.
Geographically, the worldwide micro pump market is spread across North America, Europe, Asia Pacific & Rest of the World.
Amongst these North America holds the largest market share. Europe holds comes second in line after this region. The success of these two is due to various factors such as more tech friendly population, better acceptance rates and presence of major brands. Furthermore, in these regions a lot of money is invested in the healthcare sector which further increases the scope for success.
In the upcoming years, Asia Pacific is poised to grow at a steady rate. Rapid commercial & industrial advancements will make sure of this fact.
Key Players & Strategies:
There are many players in this industry. Some of the most popular ones are Advanced Microfluids SA, Alldoo Micropump, Bio-Chem Fluidics, Cole-Parmer, and Servoflo Corporation. Some of major strategies used by these brands are collaborations, mergers & acquisitions.
The global micro pump market is expected to grow tremendously during the forecast period of 2016-2027 In terms of CAGR, the market is expected to grow at the rate of about 17.2%. By the year 2027, the industry will most likely earn above USD 4.89 billion.
There are many drivers that boost the growth of this market. One of the major propellers is the demand for better patient care. A micro pump can provide a controlled & accurate flow of liquid that is of paramount importance. This is one of the chief reasons why this market is gaining impetus.
The growing awareness amongst the masses is another growth driver. This technique has proven to be beneficial to many patients. As more people start learning about its advantages, they too want similar standard of healthcare services.
The health sector is in high need of micro-pump technology which further drives the market. Another aspect that boosts the development of the market is point –of-care testing.
Revolutionary Technology in Medicine:
Micro pumps have been one of the most important breakthroughs in the medical field. They have completely revolutionized the field of drug delivery micro-devices. Lately, due to advancements in the healthcare sector, micro pump market has started gaining momentum.
These pumps have been designed uniquely to offer a fixed, continuous & unhindered stream of fluids. They can be utilized to deliver precise amounts of therapeutic agents or medicinal liquid from the main source. One of the special features of a micro pump is that it can provide fluids in just the required amount. They can with utmost accuracy push the correct quantity of liquid through the micro channel.
Micro pumps can be used as individual devices or in combination with others. They can be used with micro-sifters, micro-liquidizers, micro-dispensers & other machines. These pumps have diverse utilities like drug discovery, cell experimentation & implantable drug delivery components.
The worldwide micro pump market has been bifurcated into types & industries.
On account of types the market is segmented into mechanical and non-mechanical. Back in 2015 mechanical sub segment held the largest market of above 66%. This lead can be attributed to the fact that maintenance and personalization of mechanical micro pumps is relatively easier. Whereas, the non-mechanical market section is estimated to earn around USD 1, 833 million by 2022.
On the basis of industries that market is divided into pharmaceutical, medical devices & in-vitro devices. Out of these, the pharmaceutical sector is at the forefront. It accounted to around 53.8% shares in 2015. Experts believe that this segment will continue to rule in the coming years as well.
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The global micro pump market has witnessed many developments in recent times. One of the most noteworthy ones was the introduction of disposable micro pumps. They are named as mp6. They are small in size & light in weight. One of their most distinct features is that they can withstand high temperatures. These can be used for transferring the minutest quantity of gases or fluids as required.
CAHPTER 1. INTRODUCTION
1.2 Scope of Study
1.3 Research Objective
1.4 Assumptions & Limitations
1.5 Market Structure
CAHPTER 2. RESEARCH METHODOLOGY
2.1 Research Process
2.2 Primary Research
2.3 Secondary Rese
CAHPTER 3. MARKET DYNAMICS
3.2.1 Material Mix Changes Providing Opportunities for New Players
3.2.2 Increase in Global Demand for Point Of Care Testing
3.2.3 Rising Awareness about Importance of Controlled Drug Delivery
3.3.1 Geometrical and Surface Chemistry Issues
3.3.2 Adherence to Stringent Regulatory Requirements
3.4.1 New Product Innovations
3.4.2 Rise in Partnerships and Collaborations
CAHPTER 4. MARKET FACTOR ANALYSIS
4.1 Porters Five Forces Model
4.1.1 Bargaining Power of Suppliers
4.1.2 Bargaining Power of Buyers
4.1.3 Threat of New Entrants
4.1.4 Threat of Substitutes
4.1.5 Intensity of Rivalry
CAHPTER 5. GLOBAL MICRO-PUMP MARKET, BY TYPE
5.2 Mechanical Micro-Pump
5.2.1 Piezoelectric Micro-Pump
5.2.2 Syringe Pump
5.2.3 Peristaltic Pump
5.3 Non-Mechanical Micro-Pump
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