Europe micro-pump market is estimated to grow at a CAGR of 15.8% to 2027

The Europe micro-pump market is estimated to grow at a CAGR of 15.8% during the forecasted period. Germany commands the largest market share of 18.2% of Europe micro-pump market in 2015. The market in Germany was valued at USD 42.8 million in 2015 and expected to reach at USD 270.6 Million by 2027.

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Globally, the market for microfluidic pumps is gaining significant importance due to growing R&D investment in life sciences, pharmaceuticals, and increasing point of care testing demand. According to European Federation of Pharmaceutical Industries and Associations, in 2014, Pharmaceutical and Biotechnology industry amongst all the industries recorded highest percentage 14.4% of the R&D spending from the total revenues and the Pharmaceutical R&D expenditure of Europe was around € 30.88 Billion. It has led to the increased research on the drugs in pipeline. The use of microfluidic devices is also expected to increase use of micro-pumps in drug synthesis and toxicity testing in drug development.
The European region also consist of the most of the developed nations which are familiar with the microfluidic technology and the use of micro-pumps for various applications. Technological advancements in the field are of great importance. Development of the portable microfluidic pumping devices has increased the popularity of the technology in the home care and ambulatory services. For example, portable micro syringe pump developed by the E-power plays an important role in the homecare services for the application of adjustable long term infusion of medication. The Medical Device Directives regulates the safety and performance of medical devices, where the manufacturer has to develop the technology which fulfils the standards stated by the regulatory authority. This regulatory environment poses a challenge for the microfluidic devices market, since the process moves at a slower pace and is not in line with the new technologies which hinders the overall market growth.
The market of micro-pump for Europe region is segmented into country, type and industry. The region is fragmented into countries like Germany, France, U.K, Italy, Spain, Rest of Western Europe and Eastern Europe. The type includes mechanical micro-pump and non-mechanical micro-pumps. Whereas the industry includes Pharmaceutical, Medical devices, In-vitro diagnostics and others.
In 2015, mechanical micro-pump segment commands the largest market share of 67.3% of total market and is expected to reach at USD 1,066.2 million by 2027.
The Europe Micro-Pump market statistical report published by Market Research future contains a brief overview of Europe Micro-Pump market. Germany commands the largest share and is expected to grow continuously during the forecasted period of 2013-2027. The report analyzed the Europe Micro-pump market and presents systematic data of market share on the basis of country, type, and industry and its growth rate for 2015 to 2017, along with forecast till 2027.

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Market Research future through this report aims to provide understanding of the Europe Micro-pump market on the basis of country, type, and industry and also assists identification of ongoing trends along with anticipated growth during the forecasted period. For this report, extensive primary research was conducted to gain a deeper insight of the market performance. Various industry experts and Key Opinion Leaders (KOLs) were contacted and interviewed to get an idea of Europe Micro-pump market.

List of Tables
table 1 europe micro-pump market, by country, 2013-2027 (usd million)
table 2 europe micro-pump market, by type, 2013-2027 (usd million)
table 3 europe micro-pump market, by industry, 2013-2027 (usd million)
table 4 germany micro-pump market, by type, 2013-2027 (usd million)
table 5 germany micro-pump market, by industry, 2013-2027 (usd million)
table 6 france micro-pump market, by type, 2013-2027 (usd million)
table 7 france micro-pump market, by industry, 2013-2027 (usd million)
table 8 u.k. micro-pump market, by type, 2013-2027 (usd million)
table 9 u.k. micro-pump market, by industry, 2013-2027 (usd million)
table 10 italy micro-pump market, by type, 2013-2027 (usd million)
table 11 italy micro-pump market, by industry, 2013-2027 (usd million)
table 12 spain micro-pump market, by type, 2013-2027 (usd million)
table 13 spain micro-pump market, by industry, 2013-2027 (usd million)
table 14 rest of western europe micro-pump market, by type, 2013-2027 (usd million)
table 15 rest of western europe micro-pump market, by industry, 2013-2027 (usd million)
table 16 eastern europe micro-pump market, by type, 2013-2027 (usd million)
table 17 eastern europe micro-pump market, by industry, 2013-2027 (usd million)

List of Figures

Figure 1 Europe Micro-Pump Market Share, 2015 (%)
Figure 2 Europe Micro-Pump Market, By Type, 2013-2027 (Usd Million)
Figure 3 Europe Micro-Pump Market, By Industry, 2013-2027 (Usd Million)

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We are thankful for the support and assistance from Europe Micro-Pump Market-Forecast to 2027 chain related technical experts and marketing experts during Research Team survey and interviews.

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