Market research future published a cooked research report on Global Micro-Pump Market. The Micro-Pump Market is growing at an average rate and is expected to show the similar trend during forecast period.

The Global Micro-Pump Market is expected to reach USD 5.28 billion during the period 2016 to 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 drugs and medication, the requirement for the precision and efficiency in the drug delivery has also led to increase in the demand for micropumps in the global market.

The Global Micro-Pump Market is majorly driven by factors such as material mix changes providing opportunities for new players and increase in global demand for point of care testing, and raising awareness about the importance of controlled drug delivery will boost the market growth. The market around the globe is expanding especially in developing countries such as India and China. Moreover, shifting trend in micropump manufacturing will drive the micropump market during the forecast period. Moreover, nowadays researchers are considering micro pumps as more prolific tools in biological sciences owing to the ability to fabricating high performance of microfluidic chips using PDMS with a low number of reagents, which has increased the acceptance of micropump devices in biomedical research. Apart from that, PDM-based microfluidic pumps are gaining attention in the field of biological sciences due to a wide range of applications such as separation of proteins, immunoassays, and DNA. Furthermore, the manipulation and sorting of living cells help researchers to gain insights into cell biology.

However, geometrical and surface chemistry Issues and adherence to stringent regulatory requirements may hamper the market growth of the global micro pump negatively.

Global Micro-Pump Market Players:

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.

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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.

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