Asia Pacific Micropump Market

Market Introduction

Micropumps are small volume devices designed to transmit fluids with high precision. These pumps are used for numerous functions in the medical industry, such as preparing samples for medical diagnoses & therapeutics and dispensing precise dosages of medications. Micropumps are key components of microfluidic systems with applications ranging from biological fluid handling to microelectronic cooling. Their small size, potential cost, and improved dosing accuracy have led to increased adoption by medical device manufacturers.

Asia Pacific Micropump Strategic Insights

Strategic insights for the Asia Pacific Micropump provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

Asia Pacific Micropump Report Scope

Asia Pacific Micropump Regional Insights

The geographic scope of the Asia Pacific Micropump refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

The Asia Pacific micropump market is expected to reach US$ 996.29 million by 2028 from an estimated value of US$ 284.78 million in 2021; it is likely to register a CAGR of 19.6% from 2021 to 2028. Growing applications of microfluidics and improved accuracy compared with traditional drug delivery devices are driving the micropump market growth. However, stringent medical device regulations are hindering the growth of the micropump market.

At present, healthcare has been extended from hospital to home at reduced costs, improved patient outcomes, and convenience. The advent of small, portable, and wearable medical devices has simplified chronic disease management such as diabetes, hypertension, and sleep apnea. The use of wearable devices for recording data such as sleep patterns, heart rate, and body temperature has become a trend among millennials. The increasing prevalence of chronic diseases and the requirement for repeat dosing to treat these diseases have increased the demand for drug and device combination products. Furthermore, as the trend of patient care from clinic to home continues and the growing number of parenteral biologic products are developed for chronic conditions, there is a greater need for devices that allow patients to administer injectable medications safely and effectively. Portable and home-based devices are often used over long periods without background noise. For example, sleep apnea sufferers need uninterrupted sleep by their therapy device. Therefore, product developers are turning to micropumps that deliver silent and vibration-free operations. In addition, the rising adoption of miniaturized medical devices has helped reshape the medical device industry. The miniaturization of a medical device can be achieved in various ways—one of the most important is through micropumps. Micropumps are being developed for a variety of medical applications including transdermal insulin delivery, blood transportation through artificial hearts, injection of glucose and drugs, hormone treatment, and pain and wound-care management.  Furthermore, manufacturers are releasing a wide range of micropumps to cater to the rising demand of the medical device industry. This has opened product innovation possibilities for applications including microfluidics research, medical diagnostics, therapeutic devices, and wearables, which are further boosting the market growth.

Owing to the COVID-19 outbreak, several countries have implemented strict lockdown and have stopped trade with other countries and within the country. This has highly affected the supply of medical devices to remote and middle-income areas of the Asia Pacific countries. Moreover, low-income countries face additional challenges due to the shortage of healthcare infrastructure, restrictions imposed by hospitals to the suppliers, decrease in demand for neurovascular devices and others. Furthermore, business strategies such as mergers & acquisitions and partnerships are adversely affected by the imposition of complete lockdown. Such obstructions in business activities are projected to hamper the adoption of various technologically advanced healthcare systems, including micropumps.

Key Market Segments

The Asia Pacific micropump market, by product type, is subsegmented into mechanical micropump, syringe pump, piezoelectric micropump, peristaltic pump, and non-mechanical micropump. The mechanical micropump segment is expected to hold the largest share of the market in 2021. However, the non-mechanical micropump segment is anticipated to register the highest CAGR during the forecast period.

The Asia Pacific micropump market, based on material, is subsegmented into silicon, polymer, and glass. In 2021, the silicon segment is likely to hold the largest share of the market. However, the polymer segment is expected to grow at the fastest rate during the forecast period.

The Asia Pacific micropump market, by application, is segmented into medical equipment & devices, clinical & analytical lab, pharmaceuticals, biotechnology, and others. The medical equipment & devices segment is likely to hold the largest share of the market in 2021 and is expected to register the highest CAGR during the forecast period.

The Asia Pacific micropump market, by end user, is segmented into hospitals & diagnostic centers, biotechnology & pharmaceutical companies, and academic & research institutes. The hospitals & diagnostic centers segment is likely to hold the largest share of the market in 2021 and is also expected to register the highest CAGR during the forecast period.

Major Sources and Companies Listed

A few of the primary and secondary sources associated with this report on the Asia Pacific micropump market are the National Bureau of Statistics (NBS), Korea Biotechnology Industry Organization (KoreaBIO) and Pharmaceuticals and Medical Devices Agency (PMDA).

Reasons to buy the report

• Determine prospective investment areas based on a detailed trend analysis of Asia Pacific micropump market over the next years.
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• Strengthen your knowledge of the market in terms of demand drivers, industry trends, and the latest technological developments, among others.
• Identify the major channels driving the Asia Pacific micropump market, providing a clear picture of future opportunities that will help analyze, resulting in revenue expansion.
• Channelize resources by focusing on the ongoing programs undertaken by the different countries within the Asia Pacific micropump market.

ASIA PACIFIC MICROPUMP MARKET SEGMENTATION

By Product Type

• Mechanical Micropump
• Syringe Pump
• Piezoelectric Micropump
• Peristaltic Pump
• Non-Mechanical Micropump

By

Material

• Silicon
• Polymer
• Glass

By Application

• Medical Equipment & Devices
• Clinical & Analytical Lab
• Pharmaceuticals
• Biotechnology
• Others

By End User

• Hospitals & Diagnostic Centers
• Biotechnology & Pharmaceutical Companies
• Academic & Research Institutes

By Country

• China
• Japan
• India
• Australia
• South Korea

• Rest of Asia Pacific

Company Profiles

• Advanced Microfluidics
• Microfluidica, LLC
• Alldoo Micropump Co.,Ltd
• Servoflo Corporation
• TOPS INDUSTRY AND TECHNOLOGY CO. LTD
• World Precision Instruments
• Xavitech
• Takasago Electric, Inc.
• Medtronic