Press release
Micro-Pump Market Lucrative Investment Area for Players Like Microfluidics SA, Alldoo Micropump, Bio-Chem Fluidics, Dolomite Centre Ltd, IDEX Corporation, KNF Neuberger Inc., Microfluidica LLC, Servoflo Co Etc. By 2027
Micro-Pump Market
The major participants of 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.
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.
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Global Micro-Pump Market – Segmentation
MRFR has segmented the report into five key dynamics, for the convenience of the report and enhanced understanding.
By Product Type: Comprises Mechanical Micro Pump (piezoelectric micro pump, peristaltic pump, & syringe pump, others) and Non-Mechanical Micro Pump.
By Material: Polymer, Silicon, and Glass, among others.
By Applications: Drugs Delivery Systems, In Vitro Diagnostic, and Medical Devices among others.
By End-Users: Biotechnology, Pharmaceutical Companies, Hospitals, Diagnostic Centers, and Research Institutes, among others.
By Regions: North America, Europe, APAC and Rest of the World.
Global Micro-Pump Market - Insights
Micro-Pumps or Microfluidic pumps are used to control the flow of liquids and gases in many industrial processes. They are utilized in many industries such as textile printing, diesel engine emission control, pharmaceuticals and fuel additive injection among others. However, they are majorly used in the field of medical, pharmaceutical, biotechnology, and life sciences.
The ability of these pumps in providing a controlled flow of fluids & gas and controlled delivery of drug dosages into patients’ body, they perceive an augmenting demand & uptake in medical and pharmaceutical industry. This has further enabled improved healthcare management and better medical outcomes, resultantly, fostering the market growth of micro-pump, globally.
Acknowledging the traction, this market is vibrating with currently; Market Research Future (MRFR) has recently published a study report giving out the complete market prognosis up till 2023. According to MRFR, the global Micro-Pump Market gaining further prominence will register a spectacular growth by 2023, posting a striking CAGR of 19.4% during 2017 – 2023.
Global Micro-Pump Market – Key Findings
The Global Micro Pump Market was estimated to be at USD 920.5 million in 2016.
Non-mechanical micropumps are the fastest growing segment, which is projected to grow at a CAGR of 19.81% during the forecast period from 2017–2023.
The Americas region captured the largest market globally and is expected to be at USD 1419.5 million by 2023.
Asia Pacific is the fastest growing region across the globe and is expected to grow at a CAGR of 19.5% during the forecast period.
Global Micro-Pump Market – Regional Analysis
The Americas dominates the Global Micro Pump Market owing to the increasing investment in healthcare, the presence of a strong economic condition, and focus of research institutions on updating technology and others. Furthermore, American micro pump manufacturers have significantly upgraded their factories and manufacturing capabilities.
Europe holds the second position in the market increasing support from the government, the presence of huge healthcare spending. According to the Organization for Economic Co-operation and Development (OECD), the healthcare expenditure in Germany was EUR 321 billion in 2014, France recorded the second highest level of current healthcare expenditure of EUR 237 billion.
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Asia Pacific is the fastest growing market owing to a greater number of developing nations present in this region, for instance, countries like India and China. These countries are encouraging the growth of the micro pump market. Recently, China has become one of the fastest growing markets for microfluidics in Asia due to increased government funding and improving healthcare facilities. According to the National Bureau of Statistics of the People’s Republic of China, the total R&D spending of China was around USD 409 billion, in 2015.
The Middle East & Africa is expected to hold the least market share due to less availability of medical facilities, and less development in the healthcare domain. However, countries such as Qatar and Kuwait are focusing more on the healthcare and developing medical facilities, which will boost the market of this region.
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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About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
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Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune – 411028
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+1 646 845 9312
Email: salesteam@marketresearchfuture.com
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