MarketResearchFuture.com published a Cooked research report on “Micro-Pump Market Research Report – Forecast to 2027” reports to its database. – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2027.
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Globally the market for micro-pump is expected to grow at a CAGR rate of about 17.2% from 2016 to 2027.
The report titled “Micro-Pump Market -Forecast to 2027″ is a direct appreciation by Market Research Future of the market potential of the Micro-PumpMarket. 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!
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.
Key Players for Micro-Pump Market:
Some of the key players in this market are Advanced Microfluidics SA, Alldoo Micropump, Bio-Chem Fluidics, Cole-Parmer Instrument Company LLC, Dolomite Centre Ltd, IDEX Corporation, KNF Neuberger Inc., Microfluidica LLC, Servoflo Corporation, Takasago Electric Inc., TOPS Industry & Technology Co. Ltd., World Precision Instruments, Xavitech and others.
Strategies of players in the Micro-Pump Market:
Collaboration makes economic as well as technological sense. Collaboration reduces the development time and cost. It also allows all partners to benefit from the technological and technical skills of all players. Merger and acquisition is another strategy successfully adopted by many players. For example, in 2016, IDEX Corporation acquired SFC KOENIG AG, and CIDRA Precision Services. Thus combining world class complimentary technologies of SFC KOENIG with CIDRA Precision Services is expected to benefit IDEX Corporation to take a strong global position in the market.
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.
What makes our report unique?
1) An extensive research study on the Global Micro-Pump Market, and its entire ecosystem, describes the market trends, drivers, restraints and opportunities of the Micro-Pump Market.
2) We provide you the longest possible market segmentation based on type of products, procedures and geography and describe the market share region wise.
3) The report gives a bird eyes view on the competitive landscape which includes mergers and acquisitions, collaborations, market strategies, and new product launches.
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.
Regional Analysis of Global Micro Pump Market:
The market of micro pump is dominated by North America and followed by Europe. Factors such as wider and faster acceptance of technology, presence of major players in this region, early adoption and strong research ecology are estimated to result in continuous lead of these regions in the near future. High research and development expenditure is another factor driving the dominance of these regions. According to the European Federation of Pharmaceutical Industries and Associations, in 2016, Pharmaceutical and Biotechnology industry made the highest spending on research and development amongst all the industries which accounted to 14.4% from the total research and development investment.
Asia Pacific region is expected to be the future market opportunity for the market players owing to the fast economic and industrial development. Nations like India and China of Asia Pacific region are expected to be the fastest growing market for micro pump market. However Japan is expected to be the largest micro pump market in Asia Pacific region. The Middle East and Africa region is expected to result in poor growth due to factors such as poor social and economic conditions. The poor industrial base of these regions makes them dependent on imports which can be tapped by the other players.
Segmentation of Micro-Pump Market:
The global micro pump market is segmented by type and industry. On the basis of type the market is sub segmented into mechanical and non-mechanical micro pumps. Mechanical pumps include electrostatic micro pump, electromagnetic micro pump, piezoelectric micro pump, thermo pneumatic micro pump, shape memory alloy micro pump, bimetallic and ion polymer micro pump. Non-mechanical pumps include magneto-hydrodynamic micro pump, electro-hydrodynamic micro pump, electro osmotic micro pump, electro wetting micro pump, electrochemical micro pump and bubble-type micro pump. The industry sub-segmentation include pharmaceutical, medical devices, in-vitro diagnostics and others.
The development of advanced technology has strengthened the position of non-mechanical pumps which are witnessing a strong growth in the market. However for the present mechanical pumps dominate the market.
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