Micro Pump Market 2023: Study Huge Revenue Scope in Future By Product Type, by Material, by Application, by End-User Forecast 2023
Micro Pump Market Information: By Product Type (Mechanical Micro Pump and Non-Mechanical Micro Pump), by Material (Polymer, Glass, Silicon, Others), by Application (Drugs Delivery Systems, Medical Devices), and by End-User – Global Forecast Till 2023
Pune, India – July 1, 2019 /MarketersMedia/ —
Micro Pump Market Information: By Product Type (Mechanical Micro Pump and Non-Mechanical Micro Pump), by Material (Polymer, Glass, Silicon, Others), by Application (Drugs Delivery Systems, Medical Devices), and by End-User – Global Forecast Till 2023. Market research future published a cooked research report on global micro-pump market. The global market micro-pump market is expected to reach USD 5.28 billion during the period 2016 to 2027.
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Market Highlights:
The global micro-pump market has been evaluated as rapidly growing market and expected that the market will reach high growth figures. 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. Point of care testing is increasing widely due to lifestyle changes, aging population, and growing chronic diseases. Point of care testing (POCT) involves the performance of a test close to the site of patient care to provide immediate results outside the conventional laboratory environment. The role of micro-pumps has been instrumental in the point of care services.
Additionally, different types of materials are used to manufacture different micro-pump in order to ensure their compatibility with the extensive range of fluids. Due to these innovations in the material mix of microfluidic pumps, the opportunities for new entrants is increasing in the market, thus driving the growth of the overall market. Proper drug delivery is the most important part of the drug administration.
There has been rising awareness about the importance of the controlled drug delivery. Efforts are being taken to provide treatments for diseases like osteoporosis, infertility, Parkinson, Alzheimer, multiple sclerosis, among others through micro-pumps which will enhance the growth of the micro-pump market.
On the other hand, there are certain factors that can hinder the growth of the micro-pump market. The regulatory issues act as hindrance in the development of micro-pump market. Apart from regulatory challenges, the market also confronts issues from surface chemistry and geometrical problem during manufacturing process.
Taste the market data and market information presented through more than 63 market data tables and figures spread over 101 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “The Global Micro-Pump Market Research Report -Forecast to 2027.
Global Micro-Pump Market Players:
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.
Segmentation:
Micro-pump market has been segmented on the basis of types which comprises of mechanical and non-mechanical. On the basis of industry, market is segmented into pharmaceutical, medical devices, in-vitro diagnostics and others.
Regional Analysis:
Depending on geographic region, micro-pump market is segmented into four key regions: North America, Europe, Asia Pacific, and Rest of World. Globally North America is the largest market for micro-pump. The North America market for micro-pump is expected to grow at CAGR 17.6% during the forecasted period. Europe is the second-largest market for micro-pump which is expected to grow at a CAGR of 17.4%. Asia-Pacific region is expected to be fastest growing region in micro-pump market.
Market Dynamics:
3.1 Introduction 24
3.2 Drivers 25
3.2.1 Material Mix Changes Providing Opportunities For New Players 25
3.2.2 Increase In Global Demand For Point Of Care Testing 25
3.2.3 Rising Awareness About Importance Of Controlled Drug Delivery 25
3.2.4 Shifting Trend In Micropump Manufacturing 26
3.2.5 Increased Acceptance And Use In Biomedical Research 26
3.2.6 Rising Prevalence Of Chronic And Fatal Diseases 26
3.2.7 High Demand For Microfluidic Systems In Military Medical Units 27
3.2.8 Drivers Impact Analysis 27
3.3 Restraints 27
3.3.1 Geometrical And Surface Chemistry Issues 28
3.3.2 Adherence To Stringent Regulatory Requirements 28
3.3.3 Restraints Impact Analysis 28
3.4 Opportunities 29
3.4.1 New Product Innovations 29
3.4.2 The Rise In Partnerships And Collaborations 29
3.4.3 Development Of Wireless Implantable Micropump Devices 29
Market Factor Analysis:
4.1 Value Chain Analysis 31
4.1.1 Raw Material 31
4.1.2 Supplier 32
4.1.3 Manufacturer 33
4.1.4 Distributor 33
4.1.5 Customer 34
4.1.6 Consumer 34
4.2 Porter’s Five Forces Model 35
4.2.1 Threat Of New Entrants 35
4.2.2 Bargaining Power Of Suppliers 36
4.2.3 Bargaining Power Of Buyers 36
4.2.4 Threat Of Substitutes 36
4.2.5 Intensity Of Rivalry 36
4.3 Demand, Supply, And Gap Analysis 36
4.3.1 Demand-Side Factors 36
4.3.2 Supply-Side Factors 37
4.3.3 Gap Closing Strategies 37
4.4 Pricing Analysis 37
4.5 Investment Opportunities 38
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Name: Akash Anand
Email: Send Email
Organization: Market Research Future
Address: Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar, Pune – 411028
Phone: +1 646 845 9312
Website: https://www.marketresearchfuture.com/reports/micro-pump-market-1300
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