North America Micro-pumps Market Size, Share & Industry Trends Analysis Report By Product (Mechanical and Non-mechanical), By End User, By Application (Drug Delivery, In-Vitro Diagnostics, Medical Devices), By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The North America Micro-pumps Market would witness market growth of 116.3% CAGR during the forecast period (2022-2028).
The first step in knowing a micro pump is to know its macroscopic relative. A pump simply transfers fluids (liquids or gases) from one location to another. When there is a zone of high pressure as well as a zone of low pressure, fluids move or flow. Fluids specifically go from higher pressure to lower pressure. The fluid keeps flowing till the pressure is balanced. Consider a bottle of Coke to better understand how fluids move from high to low pressure. Soda is packaged under pressure at bottling plants to maintain the right level of carbonation.
As a result, the pressure within soda cans or bottles is greater than the atmospheric pressure. A surge of gas (the releasing CO2) is released when a soda bottle is opened. The higher pressure from the inside of the bottle to the lower pressure outside is where the CO2 is going. Pumps work by changing the fluid's pressure, which causes it to flow. A bicycle pump is a nice illustration. Pumps with "check valves" are bicycle pumps. Check valves are flow control devices that only permit one direction of flow. Only flow in one direction from input to output is permitted; any attempt at flow in the other direction is prevented.
During the forecast period, the Mechanical Micro-pumps Product is expected to have high demand in the US. High purchasing power, robust government support for high-quality healthcare, the existence of high infrastructure for clinical & laboratory research, and widespread use of cutting-edge technology are all factors that contribute to this. Further the introduction of the latest micro-pumps, according to the business, may be particularly helpful in point-of-care diagnostic devices, resulting in less discomfort for patients and less difficulty for medical personnel.
The US market dominated the North America Micro-pumps Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,415.7 million by 2028. The Canada market is poised to grow at a CAGR of 18.5% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 17.4% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Micro-pumps Market is Estimated to reach $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).
Scope of the Study
Market Segments Covered in the Report:
By End User
- Biotechnological & Pharmaceutical Companies
- Hospitals & Diagnostic Centers
- Academic & Research Institutes
- Drug Delivery
- In-vitro Diagnostics
- Medical Devices
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- 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.
- Dolomite Microfluidics (Blacktrace group)
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