Market Research Future (MRFR) has announced a new release about the global microfluidic pumps, or Micro Pump Market. The Micro Pump Market is expected to exhibit a robust 19.4% CAGR over the 2017-2023 forecast period. The report looks into the regional and various other segmentations of the global micro pump market to present a granular picture of the market’s present conditions and provide readers with clear data about the market’s growth prospects over the forecast period.
The Global Micro Pump Market has been driven primarily by the growing awareness about the importance of controlled drug delivery in healthcare applications. Machines such as micro pumps enable smooth delivery of the required drugs at the requisite intervals without manual intervention, while ensuring perfect measurement of the drug volumes and thus preventing overdoses. Such benefits have led to the growing use of micro pumps in the treatment of a number of diseases and are likely to enable smooth growth of the micro pump market over the forecast period.
Micro pumps are also gaining a number of applications in research projects. This is also likely to be a major demand channel for the micro pump market over the forecast period, as the medical research sector has grown tremendously over the last few years all across the world and is showing no signs of slowing down. The constant demand for advanced devices and technologies in medical research is likely to drive the micro pump market over the forecast period.
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Micro Pump Market – Competitive Analysis
Leading players in the global micro pump market include Alldoo Micropump, Dolomite Centre Ltd., Biochem Fluidics, Takasago Electric Inc., IDEX Corporation, TOPS Micro Pump Technology Company, Xavitech, KNF Neuberger Inc., Servoflo Corporation, Cole-Parmer Instrument Company, LLC, Microfluidics SA, Microfluidica LLC, and World Precision Instruments.
Industry/ Innovation/ Related News:
May 18, 2018 – Axolotl Biologix (US) A specialized provider for optimized regenerative medicine announced a strategic partnership with Leonhardt Ventures (US), a product invention development laboratory. This partnership will allow the company to utilize some of Leonhardt’s expertise, such as bioelectric, mixed stem cell-based composition, and micro-pump combined with Axolotl’s amniotic-derived fluid products for organ regeneration.
Micro Pump Market – Segmental Analysis
The Global Micro Pump Market is segmented on the basis of product type, material, application, and end use.
On the basis of product type, the global micro pump market is segmented into mechanical micropumps and non-mechanical micropumps. Mechanical micropumps are surther sub-segmented into piezoelectric micropumps, syringe pumps, peristaltic pumps, and others. Mechanical pumps are likely to remain the dominant segment of the global micro pump market over the forecast period and accounted for close to two-thirds of the overall market in 2016. However, non-mechanical micro pumps are likely to exhibit growth at a higher CAGR of 19.81% over the 2017-2023 forecast period.
On the basis of material, the micro pump market is segmented into polymer, glass, silicon, and others.
On the basis of application, the global micro pump market is segmented into drug delivery, medical devices, in vitro diagnostics, and others.
Based on end use, the micro pump market is segmented into biotechnology and pharmaceutical companies, hospitals and diagnostic centers, research institutes, and others.
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Micro Pump Market – Regional Analysis
The report looks into the performance of the micro pump market in the Americas, Europe, Asia Pacific (APAC), and the Middle East and Africa.
The Americas and Europe are likely to remain the leading contributors to the global micro pump market over the forecast period due to the presence of a strong healthcare infrastructure in these regions and the supportive environment for advanced medical research and advanced treatments. The presence of several leading medical industry players in North America is also likely to drive the micro pump market in these regions.
APAC is expected to exhibit the highest growth rate over the forecast period due to the rapid development of the healthcare industry in countries such as China, India, Japan, Korea, and Thailand. China, in particular, is one of the largest microfluidics markets in the world and is likely to play a major role in the growth of the micro pump market in Asia Pacific over the forecast period.
Major Table of Content
Chapter 1. Report Prologue
Chapter 2. Market Introduction
2.1 Definition
2.2 Scope of the Study
2.2.1 Research Objective
2.2.2 Assumptions
2.2.3 Limitations
Chapter 3. Research Methodology
3.1 Introduction
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
Chapter 4. Market Dynamics
Continued….
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