Market Research Future (MRFR) has published a cooked research report on the “Global Micropump Market” that contains information from 2022 to 2030. The Micropump Market is estimated to register a CAGR of 19.2% during the forecast period of 2022 to 2030.
Micro-pump Market Highlights
The global Micropump Market is accounted to register a CAGR of 19.2% during the forecast period and is estimated to reach USD 7328.83 Million by 2030.
Micropump Market refers to the industry and market surrounding microfluidic devices known as micropumps. A micropump is a type of small-scale pump that is capable of moving minute volumes of fluids in microfluidic systems.
The growth of the Micropump Market is driven by advancements in microfluidics technology, increasing demand for portable medical devices, and the growing need for precise and controlled fluid handling in various industries. Additionally, ongoing research and development efforts in microfluidics and nanotechnology contribute to the expansion of the micropump industry.
Segment Analysis
The global Micropump Market has been segmented based on product type, application and end user.
On the basis of product type, the market is segmented into mechanical micropump, piezoelectric micropump and syringe pump. By leveraging this deformation, the micropump can induce pressure changes and drive fluid flow. Piezoelectric micropumps are known for their small size, low power consumption, and precise control.
Based on application, the market has been segmented into Drug Delivery Systems, Medical Device and In-Vitro Diagnostics. Drug delivery micropumps are utilized to transport drugs in small volumes, making them suitable for targeted therapies and personalized medicine. These micropumps can be implanted in the body or used externally to deliver drugs in a controlled and continuous manner.
Based on end user, the market has been segmented into biotechnology and pharmaceutical companies, hospitals and diagnostic centers and research institutes. Hospitals and diagnostic centers heavily rely on micropump technology for in-vitro diagnostic devices and point-of-care testing. Micropumps facilitate the handling and processing of small fluid volumes in diagnostic assays, allowing for rapid and accurate test results.
Key Players:
MRFR recognizes the following companies as the key players in the global Micropump Market— Advanced Microfluidics, Alldoo Micropump, Bio-Chem Fluidics, Cole-Parmer Instrument Company, Dolomite Centre, IDEX Corporation, KNF Neuberger Inc, Microfluidica LLC, and Servoflo Corporatio.
Browse In-depth Market Details [Table of Content, List of Figures, List of Tables] of Micro-pump Market Research Report
Regional Analysis
The global Micropump Market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Micropump Market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Micropump Market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Micropump Market comprises of Middle East, Africa, and Latin America.
North America, particularly the United States, has been a major contributor to the Micropump Market. The region's well-established healthcare infrastructure, strong focus on research and development, and the presence of leading microfluidic and medical device companies have supported the market's growth.
European countries have been prominent players in the Micropump Market. Europe is known for its innovative research in microfluidics and a supportive regulatory environment, which fosters the development and adoption of micropump-based applications.
The Asia-Pacific region has been experiencing rapid growth in the Micropump Market. Factors such as increasing healthcare expenditure, rising demand for portable medical devices, and a growing focus on technological advancements have contributed to the market's expansion in this region.
Furthermore, the rest of the world's Micropump Market is divided into the Middle East, Africa, and Latin America. While the market may be relatively smaller in these regions compared to North America, Europe, and Asia-Pacific, there is a growing interest in microfluidics technology and applications in healthcare and research.
Key Findings of the Study
- North America, particularly the United States, has been a major contributor to the Micropump Market. The region's well-established healthcare infrastructure, strong focus on research and development, and the presence of leading microfluidic and medical device companies have supported the market's growth.
- Based on application, the market has been segmented into Medical Device and In-Vitro Diagnostics holding the largest market in 2022.
- Advanced Microfluidics, Alldoo Micropump, Bio-Chem Fluidics, Cole-Parmer Instrument Company, Dolomite Centre, IDEX Corporation, KNF Neuberger Inc, Microfluidica LLC and Servoflo Corporatio.
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Companies Covered | 15 |
Pages | 142 |
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