Tag Archives: Micro-pump Market

Micro-Pump Market to grow at CAGR of 17.2% by 2027

Market Research Future adds new report of “Micro-Pump Market Research Report- Global Forecast To 2027” it contains Company information, geographical data and Table of Content

Competitive Analysis:

Some of the key players in 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

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Key Finding

Global Micro-pump Market 2027- Business Planning Research and Resources, Revenue, and Forecasts 2027

The global micro-pump market by industry is expected to grow at a rate of 9.3% during the forecasted period. Pharmaceutical industry segment commands the largest market share of 54.6% of total market and is expected to reach at USD 2,998.9 million by 2027.

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. An increase in point of care testing, as an effective method for delivery of treatment, requirement for the precision and efficiency in the drug delivery has also led to increase in the demand for micropumps in the global market.

Middle East and Africa Micro Pump Market Research, Trends, Share, Growth, Demand, Outlook and Forecast Till 2027

Middle East and Africa regions are growing at a steady pace. Some wealthy nations such as Dubai, Saudi Arabia in Middle East and South Africa in African region are developing due to increasing healthcare expenditure and increasing technological advancement which has lead into acceptance of high quality products and services in the region. The growing demand of micro-pumps has developed the market in Middle East & Africa. Company like IDEX Corporation are spreading their distribution network towards untapped market like in Middle East and Africa. These distributors provide assistance in solving challenging fluid handling applications. The team working with Micro-pumps application assists in selecting the right pumps for the application. They also provide local availability of Micro-pump products and services that are critical to keeping plant operations running. Due to the following reason it is expected that there will be a rise in the growth of micro-pumps market in the Middle East region.
Middle East & Africa Micro-Pump Market, is projected to grow at a CAGR of 9.5% during the period of 2016-2027.  Middle East commanded the largest share of the Middle East & Africa micro-pump market in 2015 and it is expected to reach $122.7 Million by the end of 2027.

Global market for Micro-Pump is expected to grow at the rate of about 17.2% from 2016 to 2027.

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.

Global Micro-pump Market

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.