Global Micro Pump Market is expected to grow at a CAGR of 19.4 % during the forecast period 2017–2023. Market research future published a premium research report on global micro-pump industry. The global market micro-pump market is expected to reach USD 5.28 billion during the period 2016 to 2023.
Global Micro-Pump Market Highlights
The Global Micro-Pump Market has been evaluated as rapidly growing market and expected that the market will reach high growth figures. Micro-pumps have been playing a crucial role in the pharmaceutical industry for last few years. The ability of micro-pump to provide a controlled flow of fluids and controlled delivery of drug dosage into the body of the patients are the major factors boosting the demand for such techniques. This has led to the improved healthcare management and better medical outcomes. Growing demand for micro-pump technology in the medical and pharmaceutical industry has played an important role in the growth of the micro-pump market. Point of care testing is increasing widely due to lifestyle changes, aging population, and growing chronic diseases. Point of care testing (POCT) involves the performance of a test close to the site of patient care to provide immediate results outside the conventional laboratory environment.
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Micro-Pump Industry Segmentation:
To generate an accurate understanding of the global micro pump market, the report is segmented by type, industry, and regions.
Based on the type, the market is sub-segmented into mechanical and non-mechanical micropumps. Mechanical pumps segment is further segregated into the electrostatic micropump, micro-electromagnetic pump, piezoelectric micropump, thermo pneumatic micropump, shape memory alloy micropump, bimetallic and ion polymer micropump. Non-mechanical pumps are further segregated into the magneto-hydrodynamic micropump, electro-hydrodynamic micropump, electroosmotic micropump, electrowetting micropump, electrochemical micro pump and bubble-type micropump. The mechanical pumps dominate the market in 2016. However, the non-mechanical pumps are expected to drive faster growth.
Based on industry, the market is sub-segmented into pharmaceutical, medical devices, in-vitro diagnostics and others.
Based on regions, the market is segregated into North America, Europe, Asia Pacific, Middle East and Africa.
Micro-Pump Market Top Players Business Overview :
Advanced Microfluidics SA,
Cole-Parmer Instrument Company LLC,
Dolomite Centre Ltd,
KNF Neuberger Inc.,
Takasago Electric Inc.,
TOPS Industry & Technology Co. Ltd.,
World Precision Instruments,
Xavitech, and others.
Regional Analysis of Global Micro Pump Market
The market of micropump is dominated by North America and followed by Europe. Factors such as broader and faster acceptance of technology, the presence of major players in this region, early adoption and robust research ecology are estimated to result in the continuous lead of these regions shortly. 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 sectors 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 supposed to be the largest micro pump market in Asia Pacific region. The Middle East and Africa region are expected to result in weak 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.
MAJOR TOC BY HEADLINES WITH PRICING:
1 MARKET INTRODUCTION$ 0.00
2 RESEARCH METHODOLOGY$ 0.00
3 MARKET DYNAMICS$ 950.00
4 MARKET FACTOR ANALYSIS$ 950.00
5 GLOBAL MICROPUMP MARKET, BY PRODUCT TYPE$ 1,650.00
6 GLOBAL MICROPUMP MARKET, BY MATERIAL$ 1,650.00
7 GLOBAL MICROPUMP MARKET, BY APPLICATION$ 1,650.00
8 GLOBAL MICROPUMP MARKET, BY END-USER$ 1,650.00
9 GLOBAL MICROPUMP MARKET, BY REGION$ 1,650.00
10 COMPETITIVE LANDSCAPE$ 1,050.00
11 COMPANY PROFILES$ 900.00
12 APPENDIX$ 0.00
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