Micropump Market Is Estimated To Rise In The Near Future 2022 - 2030

 

In a recent research report by Market Research Community, the Global Micropump Market is anticipated to be USD 8,629.94 Million by the year 2030, from USD 2,004.36 Million in 2021.

Micro pumps are miniature pumps used for transferring small volumes of liquids or gases. They are used in a variety of applications, including medical devices, analytical instruments, and inkjet printers. Micropumps Market can be electrically or mechanically driven and can be designed to operate continuously or on-demand. They offer advantages over larger pumps, such as compact size, low power consumption, and precise flow control.

The use of micropump technology in microfluidic devices to address the demand for accurate fluid delivery is driving the expansion of mechanical pumps. Microfluidic devices are widely employed in hospitals for precise drug administration into the body, which aids in reaching the highest potential efficacy of pharmaceuticals. For example, Xiamen AJK Technology Co., Ltd. offers a variety of diaphragm-based pumps for medical applications, including the AJK-B3206, AJK-B2106, AJK-B2103, and AJK-B3206. On June 18, 2020, the business introduced the AJK-B3204 diaphragm-based micropumps.

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The pumps are small and efficient, and they are employed in medical and healthcare equipment. The report includes a country analysis with the latest trends, along with the major key players including

·         Tops Industry And Technology Co. Ltd,

·         Microfluidica, LLC.

·         Advanced Microfluidics,

·         Alldoo Micropump Co., Ltd

·         World Precision Instruments

·         Xiamen AJK Technology Co., Ltd

·         Ingersoll Rand Inc.

·         Servoflo Corporation, Cole-Parmer

·         Dolomite Microfluidics (Backtrace Holdings Ltd.)

·         Takasago Electric

·         Xavitech Micropumps AB.

The study is consolidated into major segments and further into sub-segments, such as:

By Type

·         Mechanical Micropump

·         Non-Mechanical

By Applications

·         Drug Delivery Systems

·         Medical Device

·         In-Vitro Diagnostics

By End-User

·         Hospitals

·         Biotechnology and Pharmaceutical Companies

·         Diagnostic Centers and Research institutes

Global Micropump Market by Region (%), 2021

Asia Pacific region is expected to witness a CAGR of 20.4% during the Micropumps Market Forecast period of 2022-2030. Asia Pacific region is home to a large population of 60% of the world’s population including China and India which are the world’s most populous countries. The problem of providing healthcare services to everyone comes with a huge population.

Micropump-based devices play an essential role in delivering medical services to patients' homes, including diagnostic centres, point-of-care testing, and home-based care. It also resulted in lower service costs, more convenience, and better outcomes. The aforementioned variables have a significant impact on the growth of micro pump devices. Diabetes, apnea, blood transportation, medicine injection, and wound care management are among the many applications for the devices. The use of a wearable gadget with a tiny pump to monitor sleep patterns and heart rate has grown popular among millennials. TTP Ventus Ltd., for example, created a wearable device in January 2018 for the treatment of sleep apnea, a condition in which patients briefly cease breathing while sleeping.

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