The Europe Micro-pumps Market would witness market growth of 16.1% CAGR during the forecast period (2022-2028).
Mechanical & non-mechanical micro pumps are two subcategories of micro pumps. Moving parts are present in mechanical micro pumps but not in non-mechanical micro pumps. The majority of mechanical micro pumps are exact replicas of their macro scale counterparts. However, non-mechanical micro pumps are frequently utilized in micro devices because they can benefit from some of the physical characteristics of fluids as the volumes shrink to the micro-size and smaller. Non-mechanical pumps are usually not seen in the macroscopic world. Both of these groups of micro pumps contain a variety of various types.
In the table, an overview of the two designs is presented. Both types of micro pumps are employed in numerous fields, including biomedicine, microelectronics, consumer goods, and printing. The physical characteristics of fluids that are most effectively used while functioning at the micro scale or smaller are used by non-mechanical micro pumps. This kind of pump moves the fluid in a different way from how moving mechanical elements do it. Heat, magnetism, and electric fields can all be utilized to move objects.
Germany has a very thriving and established market for medical equipment. In recent times, brands like Siemens, Carl Zeiss, and Drägerwerk attest to the long tradition of manufacturing high quality medical equipment, with a focus on diagnostic imaging, precise medical & dental instruments, and optical technology. After the United States and Japan, Germany has the third-biggest medical technology market in the world. It is also by far the largest market in Europe, with a market size that is double that of France & three times that of Italy, the United Kingdom, and Spain. One of the most lucrative markets for medical devices is in Germany.
The Germany market dominated the Europe Micro-pumps Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $258.7 million by 2028. The UK market is anticipated to grow at a CAGR of 15.1% during (2022 - 2028). Additionally, The France market would witness a CAGR of 16.9% during (2022 - 2028).
Based on Product, the market is segmented into Mechanical and Non-mechanical. Based on End User, the market is segmented into Biotechnological & Pharmaceutical Companies, Hospitals & Diagnostic Centers and Academic & Research Institutes. Based on Application, the market is segmented into Drug Delivery, In-Vitro Diagnostics, Medical Devices and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Micro-pumps Market will Hit $4.2 Billion by 2028, at a CAGR of 16.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Ingersroll Rand, Inc. (Gardner Denver), KNF Neuberger GmbH, Alldoo Micropump Co., Ltd., Xiamen AJK Technology Co. Ltd., TOPS Industry and Technology Co., Ltd., Servoflo Corporation, Cole-Parmer Instrument Company, LLC (Antylia Scientific) (GTCR LLC), World Precision Instruments, LLC, Takasago Electric, Inc., and Dolomite Microfluidics (Blacktrace group).
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