Press release
Micro-Pump Market: Massive Expansion USD ~5.28 Billion, At a CAGR of ~17.2 % By 2027
Micro-Pump Market Information, by type (mechanical, non-mechanical), by industry (pharmaceutical, medical devices, in-vitro diagnostics and others) - Forecast to 2027
Market Synopsis of Micro-Pump Market:
Market Scenario:
Globally the market for micro-pump is increasing rapidly. Micro-pumps have been playing a crucial role in the pharmaceutical industry for last few years. Especially in the processes such as drug discovery, development and delivery. 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. Globally the market for micro-pump is expected to grow at the rate of about 17.2% from 2016 to 2027.
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Key Players for Micro-pump Market:
• 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
Key Finding
• The micro-pump global market is expected to reach $5.28 billion by 2027.
• Mechanical micro-pumps hold the largest share of 66.3% of the micro-pump market in 2015.
• North America holds the largest market share of 55.2% of micro-pump market and is anticipated to reach $3.02 billion by the end of forecast period.
• Pharmaceutical Industry holds the largest market share of 54.6% in 2015, and expected to continue the similar growth throughout the forecast period.
Segments:
Micro-pump market has been segmented on the basis of types which comprises of mechanical and non-mechanical. Mechanical micro-pumps have been dominating the global market of micro-pump for quite a few years. The easy customization and maintenance of the mechanical micro-pump has made them widely popular. Mechanical micro-pump held around 66.3% share of the global micro-pump market in 2015. On the basis of industry, market is segmented into pharmaceutical, medical devices, in-vitro diagnostics and others. Pharmaceutical industry dominates the global micro-pump market in 2015 with maximum share of 54.6% on the total market.
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Regional Analysis of Micro-pump Market:
Globally North America is the largest market for micro-pump. Europe is the second-largest market. Furthermore Asia pacific market is expected to be one of the biggest market for micro-pump.
The report for micro-pump market of Market Research Future comprises extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different markets segments and regions
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We are thankful for the support and assistance from Micro-Pump Market Research Report- Global Forecast To 2027 chain related technical experts and marketing experts during Research Team survey and interviews.
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.
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Akash Anand,
Market Research Future
Office No. 528, Amanora Chambers
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Email: akash.anand@marketresearchfuture.com
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