Press release
Global Micro-pump Market – Estimation & Forecast, 2016-2027
Micro-pumps are one of the main components of the microfluidic devices with a wide variety of biomedical applications. Micro-pumps are coupled with micro-filters, micro-mixers, micro-dispensers, micro-needles etc. in different micro devices.
The global market of micro-pumps is expected to reach USD 5,282.9 million by 2027, at a CAGR of 17.2% during the forecast period. Based on types of micro-pump, the non-mechanical micro-pump is by far the fastest growing segment of global micro-pump market and it is expected to reach USD 1,836.8 million by 2027.
Based on industry of application of micro-pump, the pharmaceutical industry commands the largest share of global micro-pump market and it is expected to grow at a CAGR of 17.6% during the forecast period.
North America has been the largest market for micro pumps ever since the technology. The U.S. was the major contributor to the micro-pump market in North America contributing about 75% of the market share in 2015. Asia-Pacific market is expected to grow with the fastest CAGR during the forecast period.
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Key Players
The key market players in the global micro-pump market include; Advanced Microfluidics (Switzerland), Alldoo Micropump Co Ltd (China), Bio-Chem Fluidics (US), Cole-Parmer Instrument Company (US), KNF Neuberger Inc. (Germany), Microfluidica LLC (US), Servoflo Corporation (US), Takasago Electric, Inc.(Japan), TOPS Industry & Technology Co. Ltd. (China), World Precision Instrument (US), and Xavitech (Sweden).
Study Objectives
• To provide insights about factors influencing, and affecting the market growth.
• To provide historical and forecast revenue of the market segments and sub-segments with respect to regional markets and their countries.
• To provide historical and forecast revenue of the market segments based on type, and industry
• To provide strategic profiling of key players in the market, comprehensively analyzing their market share, core competencies, and drawing a competitive landscape for the market.
Target Audience
• Micro-pump manufacturers
• Micro-pump suppliers
• Research Laboratories
• Service Suppliers
• Potential Investors
• Key executive (CEO and COO) and strategy growth manager
Key Findings
• The global market for micro-pump is expected to grow at a CAGR of 17.2% during the forecast period to reach USD 5,282.9 million by 2027
• The micro-pump market in Asia-Pacific is expected to grow rapidly during 2016 to 2027; however North America will remain the largest market by 2027
• The global market for micro-pump by type, Non-mechanical Micro-pump segment is expected to witness highest CAGR of 17.5% during the forecast period
Regional and Country
As per the MRFR analysis, the Asia-Pacific micro-pump market is poised to reach USD 529 million by 2027. The market in Europe was valued at USD 235.6 million in 2015, and expected to reach USD 1607.2 million by 2027. North America is expected to be the leading region during the forecast period.
The reports also cover country level analysis:
• North America
o US
o Canada
• Europe
o Germany
o U.K.
o Italy
o Spain
o France
o Rest of Western Europe
o Eastern Europe
• Asia-Pacific
o Japan
o China
o India
o Republic of Korea
o Rest of Asia-Pacific
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