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.


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Market senariyo –
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 is expected to grow at a CAGR of 19.4 % during the forecast period 2017–2023.


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