Report : Middle East and Africa Micropump Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product Type (Mechanical Micropump, Syringe Pump, Piezoelectric Micropump, Peristaltic Pump, and Non-Mechanical Micropump), Material (Silicon, Polymer, and Glass), Application (Medical Equipment & Devices, Clinical & Analytical Lab, Pharmaceuticals, Biotechnology, and Others), and End User (Hospitals & Diagnostic Centers, Biotechnology & Pharmaceutical Companies, and Academic & Research Institutes)
The non-mechanical micropump segment by product type is estimated to lead the market growth during the forecast period.
According to a new market research study of “Middle East and Africa Micropump Market Forecast to 2028 - COVID-19 Impact and Regional Analysis by Product, Material, Application, End User and Country.” The Middle East and Africa micropump market is expected to reach US$ 239.50 million by 2028 from as estimated value of US$ 78.40 million in 2021; it is likely to grow at a CAGR of 17.3% from 2021 to 2028. The report highlights trends prevailing in the Middle East and Africa micropump market and the factors driving market along with those that act as hindrances.
The Middle East and Africa micropump market is expected to reach US$ 239.50 million by 2028 from an estimated value of US$ 78.40 million in 2021; it is likely to register a CAGR of 17.3% from 2021 to 2028. Growing applications in microfluidics and improved accuracy over traditional drug delivery devices are boosting the micropump market growth. However, stringent medical device regulations are hindering the growth of the Middle East and Africa micropump market.
In the last few years, the pharmaceuticals industry witnessed the introduction of various innovative interventions for the treatment of several chronic diseases. However, most of the available treatment options require parenteral drug administration, frequent dosing, and repeated hospital visits. These are found to be the primary factors negatively affecting medication adherence, thereby impacting therapeutic outcomes. Over the years, several companies have developed advanced therapeutic delivery solutions to overcome the challenges associated with the administration of viscous and large molecule drugs. Microfluidic technologies are evolving to offer a great range of applications and have emerged as a promising application in Point of Care (POC) testing for disease diagnosis. POC tests have the potential to improve disease diagnosis at early stages, as well as offer easy monitoring and increased personalization. Micropumps are key components of microfluidic systems with applications ranging from biological fluid handling to microelectronic cooling, and the objective of integration is to fulfill the need for accurate delivery of fluids. These benefits are utilized for the development of diagnosis and detection POC devices for a variety of conditions such as cancer and infectious diseases. Hence, the integration of microfluidics has advanced the improvisation of POC diagnostics, thereby driving the growth of the micropumps market during the forecast period.
The impact of the COVID-19 pandemic has caused turbulence in several Middle Eastern and African countries. The region has observed increasing numbers of patients being admitted to intensive care units (ICU), rising number of medications imposing multiple diagnostic and therapeutic challenges on stressed healthcare systems. Patients with cancer can be at a considerable risk of severe COVID-19 due to their disease, age, cancer treatment, and medical comorbidities. In addition, patients with cancer in low-income and middle-income countries (LMICs) are more affected than those in high-income settings because of unequal access to COVID-19 vaccines in already fragile healthcare systems. Thus, the pandemic has negatively affected the market growth.
The Middle East and Africa micropump market, by product type is segmented into mechanical micropump, syringe pump, piezoelectric micropump, peristaltic pump, and non-mechanical micropump. The Middle East and Africa micropump market based on material is segmented into silicon, polymer, and glass. The Middle East and Africa micropump market by application, is segmented into medical equipment & devices, clinical & analytical lab, pharmaceuticals, biotechnology, and others. The Middle East and Africa micropump market by end user, is segmented into hospitals & diagnostic centers, biotechnology & pharmaceutical companies, and academic & research institutes. Geographically, the Middle East and Africa micropump market can be sub-segmented into UAE, Saudi Arabia, South Africa and Rest of Middle East and Africa.
Advanced Microfluidics, Microfluidica, LLC, Alldoo Micropump Co.,Ltd, Servoflo Corporation, TOPS INDUSTRY AND TECHNOLOGY CO. LTD, World Precision Instruments, Xavitech, Takasago Electric, Inc. and Medtronic are among the leading companies operating in the Middle East and Africa micropump market.
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