Micropump Market to Reach $7.40 Bn, Globally, by 2031 at 16.2% CAGR: Allied Market Research

Rise in chronic diseases such as cancer and diabetes, high-end technological advancements in the healthcare sector, and surge in awareness regarding controlled drug delivery drive the growth of the global micro pump market.

PORTLAND, Ore., Aug. 9, 2022 /PRNewswire/ -- Allied Market Research published a report, titled, "Micropump Market by Type (Mechanical, Non Mechanical), by Material (Plastics and Composites, Ceramics, Metals), by Application (Drug delivery, In Vitro Diagnosis, Medical device, Others), by End User (Hospitals and Diagnostic Centers, Biotechnology and Pharmaceutical Companies, Academic and Research Institutes): Global Opportunity Analysis and Industry Forecast, 2021-2031". According to the report, the global Micropump industry was estimated at $1.65 billion in 2021, and is anticipated to hit $7.40 billion by 2031, registering a CAGR of 16.2% from 2022 to 2031. The report offers an explicit analysis of the changing market trends, top segments, key investment pockets, value chain, competitive scenario, and regional landscape. The market study is exclusively meant to help the readers with a complete valuation of industry analysis and trends.

Download Report (245 Pages PDF with Insights, Charts, Tables, Figures): https://www.alliedmarketresearch.com/request-sample/15215 

Pre-determinant of growth-

Rise in chronic diseases such as cancer and diabetes, high-end technological advancements in the healthcare sector, and surge in awareness regarding controlled drug delivery drive the growth of the global Micropump market. On the other hand, strict laws pertaining to the usage of Micropumps in human healthcare and high manufacturing cost of the devices restrain the growth to some extent. However, rise in adoption of key strategies such as collaboration, acquisition, partnership, and agreement by the market players is expected to create lucrative opportunities in the industry.

Covid-19 scenario-

• Rise in expenditure by government and private organizations for the treatment of Covid-19 had a positive impact on the growth of the Micropump market.
• Micropumps have widely been used during COVID-19 pandemic for treatment and investigation purposes.
• Micropumps are also being used for manufacturing vaccines, which drives the demand for Micropumps in biotechnology companies.

Scope of the Report: -

The mechanical segment to dominate by 2031-

By type, the mechanical segment contributed to more than four-fifths of the global Micropump market share in 2021, and is expected to lead the trail by 2031.  The same segment is also expected to exhibit the fastest CAGR of 16.4% from 2022 to 2031, owing to technological advancements associated with the manufacturing of mechanical Micropumps, availability of different Micropumps, and rise in the use of mechanical microscope in micro-electro-mechanical systems (MEMS) that are used in drug delivery.

Specific Requirement on COVID-19? Ask to Our Industry Expert: https://www.alliedmarketresearch.com/request-for-customization/15215?reqfor=covid

The plastics and composites segment to maintain the lion's share-

Based on material, the plastics and composites segment generated nearly three-fourths of the global Micropump market revenue in 2021, and is expected to lead the trail by 2031. The same segment would also manifest the fastest CAGR of 16.5% from 2022 to 2031. This is attributed to the technological advancement in the field of the healthcare sector that cause rise in demand for high-quality Micropumps.

The hospitals and diagnostic centers segment to lead the trail-

Based on end-user, the hospitals and diagnostics centers segment held nearly three-fifths of the global Micropump market revenue in 2021. Simultaneously, the same segment would also garner the fastest CAGR of 16.5% during the forecast period. This is due to rise in number of hospitals, increase in expenditure by government to develop healthcare infrastructure, and surge in number of chronic diseases across the world.

North America garnered the major share in 2021-

Based on region, North America held the major share in 2021, generating nearly two-fifths of the global Micropump market. This is attributed to increase in number of research activities, technological advancements in the healthcare sector, and rise in the prevalence of chronic diseases. The Asia-Pacific region, on the other hand, would garner the fastest CAGR of 17.0% by 2031. Surge in expenditure by government organizations to develop the healthcare sector, increase in prevalence of chronic diseases, and rise in the number of key players in the province propel the market growth.

Key players in the industry-

• Arcmed Co. Ltd.
• Bartels Mikrotechnik Inc
• Cole Parmer India Pvt. Ltd.
• ALLDOO Micropump Inc
• Xavitech Micropump AB
• Enomoto Micropump Mfg. Co
• Burkert GmbH and Co. KG
• Sandur Fluid Controls PVT. LTD.
• TTP Ventus Ltd
• Fluigent Inc
• IDEX Corporation
• Takako Industries, Inc
• Takasago Electric, Inc
• TCS Micropump Ltd
• The Lee Company, Inc.
• ThomasTOPS Industry and Technology Co., Ltd.

Purchase Inquire:
https://www.alliedmarketresearch.com/purchase-enquiry/15215

The report analyzes these key players in the global Micropump market. These players have incorporated various strategies such as expansion, new product launches, partnerships, and others to increase their market penetration and strengthen their position in the industry. The report is helpful in assessing the operating segments, their business performance & product portfolio, and so on.

Avenue Basic Plan | Library Access | 1 Year Subscription |

Sign up for Avenue subscription to access more than 12,000+ company profiles and 2,000+ niche industry market research reports at $699 per month, per seat. For a year, the client needs to purchase minimum 2 seat plan.

Request for 14 days free trial: https://www.alliedmarketresearch.com/avenue/trial/starter

"We have also published few syndicated market studies in the similar area that might be of your interest. Below are the report title for your reference, considering Impact of Covid-19 Over This Market which will help you to assess aftereffects of pandemic on short-term and long-term growth trends of this market."

Trending Reports in Healthcare Industry (Book Now with 10% Discount + Covid-19 scenario):

Equine Healthcare Market by Product Type (Drug, Vaccines, and Medicated Feed Additives), Disease (Influenza, Tetanus, Equine Herpes Virus, and Others), and Distribution Channel (Veterinary Hospitals and Clinics and Retail Pharmacies and Drug Stores): Opportunity Analysis and Industry Forecast, 2020–2030

DNA Vaccine Market by Product Type (Oncept, West Nile-Innovator, and Apex-IHN), Type (Therapeutic Vaccine, and Prophylactic Vaccines), and End User (Veterinary Clinics and Veterinary Hospitals): Global Opportunity Analysis and Industry Forecast, 2021–2030

Near Infrared Imaging Market by Product (Near Infrared Fluorescence Imaging Systems and Near Infrared Fluorescence & Bioluminescence Imaging Systems), Application (Preclinical Imaging, Medical Imaging, and Clinical Imaging), and Indication (Cancer Surgeries, Cardiovascular Surgeries, Gastrointestinal Surgeries, Plastic/Reconstructive Surgeries, and Others), and End User (Hospitals & Clinics, Research Laboratories, and Others): Global Opportunity Analysis and Industry Forecast, 2018-2026

Digital Therapeutics Market by Application (Diabetes, Obesity, Cardio Vascular Diseases (CVD), Central Nervous System (CNS) Disease, Respiratory Diseases, Smoking Cessation, Gastrointestinal Disorders, and Others), Product Type (Software, and Devices), and Sales Channel (Business-to-Business and Business-to-Consumers): Global Opportunity Analysis and Industry Forecast, 2021–2030

Track and Trace Solutions Market by Product Type (Hardware Systems and Software Solutions), Technology (Barcode and RFID), Application (Serialization Solutions and Aggregation Solutions), and End User (Pharmaceutical & Biotechnology Companies, Medical Device Companies, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027

Laboratory Automation Market by Product Type (Equipment and Software & Informatics), Application (Drug Discovery, Clinical Diagnostics, Genomics Solutions, and Proteomics Solutions), and End User (Biotechnology & Pharmaceutical Industries, Research Institutes, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
[email protected]
Web: https://www.alliedmarketresearch.com/reports-store/life-sciences
Follow Us on LinkedIn: https://www.linkedin.com/showcase/life-sciences-industry-research/

Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg  

SOURCE Allied Market Research