Asia Pacific 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)
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.
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Market Overview and Dynamics
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.
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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
TABLE OF CONTENTS
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Asia Pacific Micropump Market – By Product Type
1.3.2 Asia Pacific Micropump Market – By Material
1.3.3 Asia Pacific Micropump Market – By Application
1.3.4 Asia Pacific Micropump Market – By End User
1.3.5 Asia Pacific Micropump Market– By Country
2. Asia Pacific Micropump Market – Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Micropump Market– Market Landscape
4.1 Overview
4.2 PEST Analysis
4.2.1 Asia Pacific – PEST Analysis
4.3 Experts Opinion
5. Micropump Market – Key Market Dynamics
5.1 Key Market Drivers
5.1.1 Increasing Demand for Micropumps in Medical Device Industry
5.1.2 Improved Accuracy Compared to Traditional Drug Delivery Devices
5.2 Key Market Restraints
5.2.1 Stringent Medical Device Regulations
5.3 Key Market Opportunities
5.3.1 Growing Applications in Microfluidics
5.4 Future Trends
5.4.1 Rising Focus on Home healthcare
5.5 Impact analysis
6. Micropump Market– Asia Pacific Analysis
6.1 Asia Pacific Micropump Market Revenue Forecast and Analysis
7. Micropump Market Analysis – By Product Type
7.1 Overview
7.2 Micropump Market Revenue Share, By Product Type (2021 and 2028)
7.3 Mechanical Micropump
7.3.1 Overview
7.3.2 Mechanical Micropump: Micropump Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Syringe Pump
7.4.1 Overview
7.4.2 Syringe Pump: Micropump Market – Revenue and Forecast to 2028 (US$ Million)
7.5 Piezoelectric Micropump
7.5.1 Overview
7.5.2 Piezoelectric Micropump: Micropump Market – Revenue and Forecast to 2028 (US$ Million)
7.6 Peristaltic Pump
7.6.1 Overview
7.6.2 Peristaltic Pump: Micropump Market – Revenue and Forecast to 2028 (US$ Million)
7.7 Non-Mechanical Micropump
7.7.1 Overview
7.7.2 Non-Mechanical Micropump: Micropump Market – Revenue and Forecast to 2028 (US$ Million)
8. Micropump Market Analysis – By Material
8.1 Overview
8.2 Micropump Market Revenue Share, by Material (2021 & 2028)
8.3 Silicon
8.3.1 Overview
8.3.2 Silicon: Micropump Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Polymer
8.4.1 Overview
8.4.2 Polymer: Micropump Market – Revenue and Forecast to 2028 (US$ Million)
8.5 Glass
8.5.1 Overview
8.5.2 Glass: Micropump Market – Revenue and Forecast to 2028 (US$ Million)
9. Micropump Market Analysis – By Application
9.1 Overview
9.2 Micropump Market Revenue Share, by Application (2021 and 2028)
9.3 Medical Equipment & Devices
9.3.1 Overview
9.3.2 Medical Equipment & Devices: Micropump Market – Revenue and Forecast to 2028 (US$ Million)
9.4 Clinical & Analytical Lab
9.4.1 Overview
9.4.2 Clinical & Analytical Lab: Micropump Market – Revenue and Forecast to 2028 (US$ Million)
9.5 Pharmaceuticals
9.5.1 Overview
9.5.2 Pharmaceuticals: Micropump Market – Revenue and Forecast to 2028 (US$ Million)
9.6 Biotechnology
9.6.1 Overview
9.6.2 Biotechnology: Micropump Market – Revenue and Forecast to 2028 (US$ Million)
9.7 Others
9.7.1 Overview
9.7.2 Others: Micropump Market – Revenue and Forecast to 2028 (US$ Million)
10. Micropump Market Analysis – By End User
10.1 Overview
10.2 Micropump Market Revenue Share, by End User (2021 and 2028)
10.3 Hospitals & Diagnostic Centers
10.3.1 Overview
10.3.2 Hospitals & Diagnostic Centers: Micropump Market – Revenue and Forecast to 2028 (US$ Million)
10.4 Biotechnology & Pharmaceutical Companies
10.4.1 Overview
10.4.2 Biotechnology & Pharmaceutical Companies: Micropump Market – Revenue and Forecast to 2028 (US$ Million)
10.5 Academic & Research Institutes
10.5.1 Overview
10.5.2 Academic & Research Institutes: Micropump Market – Revenue and Forecast to 2028 (US$ Million)
11. Micropump Market – Asia Pacific Analysis
11.1 Asia Pacific: Micropump Market
11.1.1 Overview
11.1.2 Asia Pacific: Micropump Market, by Country, 2021 & 2028 (%)
11.1.2.1 China: Micropump Market – Revenue and Forecast to 2028 (USD Million)
11.1.2.1.1 China: Micropump Market – Revenue and Forecast to 2028 (USD Million)
11.1.2.1.2 China: Micropump Market, By Product Type, 2019–2028 (USD Million)
11.1.2.1.3 China: Micropump Market, by Material, 2019–2028 (USD Million)
11.1.2.1.4 China: Micropump Market, by Application, 2019–2028 (USD Million)
11.1.2.1.5 China: Micropump Market, by End User, 2019–2028 (USD Million)
11.1.2.2 Japan: Micropump Market – Revenue and Forecast to 2028 (USD Million)
11.1.2.2.1 Japan: Micropump Market – Revenue and Forecast to 2028 (USD Million)
11.1.2.2.2 Japan: Micropump Market, By Product Type, 2019–2028 (USD Million)
11.1.2.2.3 Japan: Micropump Market, by Material, 2019–2028 (USD Million)
11.1.2.2.4 Japan: Micropump Market, by Application, 2019–2028 (USD Million)
11.1.2.2.5 Japan: Micropump Market, by End User, 2019–2028 (USD Million)
11.1.2.3 India: Micropump Market – Revenue and Forecast to 2028 (USD Million)
11.1.2.3.1 India: Micropump Market – Revenue and Forecast to 2028 (USD Million)
11.1.2.3.2 India: Micropump Market, By Product Type, 2019–2028 (USD Million)
11.1.2.3.3 India: Micropump Market, by Material, 2019–2028 (USD Million)
11.1.2.3.4 India: Micropump Market, by Application, 2019–2028 (USD Million)
11.1.2.3.5 India: Micropump Market, by End User, 2019–2028 (USD Million)
11.1.2.4 Australia: Micropump Market – Revenue and Forecast to 2028 (USD Million)
11.1.2.4.1 Australia: Micropump Market – Revenue and Forecast to 2028 (USD Million)
11.1.2.4.2 Australia: Micropump Market, By Product Type, 2019–2028 (USD Million)
11.1.2.4.3 Australia: Micropump Market, by Material, 2019–2028 (USD Million)
11.1.2.4.4 Australia: Micropump Market, by Application, 2019–2028 (USD Million)
11.1.2.4.5 Australia: Micropump Market, by End User, 2019–2028 (USD Million)
11.1.2.5 South Korea: Micropump Market – Revenue and Forecast to 2028 (USD Million)
11.1.2.5.1 South Korea: Micropump Market – Revenue and Forecast to 2028 (USD Million)
11.1.2.5.2 South Korea: Micropump Market, By Product Type, 2019–2028 (USD Million)
11.1.2.5.3 South Korea: Micropump Market, by Material, 2019–2028 (USD Million)
11.1.2.5.4 South Korea: Micropump Market, by Application, 2019–2028 (USD Million)
11.1.2.5.5 South Korea: Micropump Market, by End User, 2019–2028 (USD Million)
11.1.2.6 Rest of Asia Pacific: Micropump Market – Revenue and Forecast to 2028 (USD Million)
11.1.2.6.1 Rest of Asia Pacific: Micropump Market – Revenue and Forecast to 2028 (USD Million)
11.1.2.6.2 Rest of Asia Pacific: Micropump Market, By Product Type, 2019–2028 (USD Million)
11.1.2.6.3 Rest of Asia Pacific: Micropump Market, by Material, 2019–2028 (USD Million)
11.1.2.6.4 Rest of Asia Pacific: Micropump Market, by Application, 2019–2028 (USD Million)
11.1.2.6.5 Rest of Asia Pacific: Micropump Market, by End User, 2019–2028 (USD Million)
12. Impact Of COVID-19 Pandemic on Asia Pacific Micropump Market
12.1 Asia Pacific: Impact Assessment of COVID-19 Pandemic
13. Industry Landscape
13.1 Overview
13.2 Developments
13.2.1 Overview
14. Company Profiles
14.1 Advanced Microfluidics
14.1.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.1.6 Key Developments
14.2 Microfluidica, LLC
14.2.1 Key Facts
14.2.2 Business Description
14.2.3 Products and Services
14.2.4 Financial Overview
14.2.5 SWOT Analysis
14.2.6 Key Developments
14.3 Alldoo Micropump Co., Ltd
14.3.1 Key Facts
14.3.2 Business Description
14.3.3 Products and Services
14.3.4 Financial Overview
14.3.5 SWOT Analysis
14.3.6 Key Developments
14.4 Servoflo Corporation
14.4.1 Key Facts
14.4.2 Business Description
14.4.3 Products and Services
14.4.4 Financial Overview
14.4.5 SWOT Analysis
14.4.6 Key Developments
14.5 TOPS INDUSTRY AND TECHNOLOGY CO. LTD
14.5.1 Key Facts
14.5.2 Business Description
14.5.3 Products and Services
14.5.4 Financial Overview
14.5.5 SWOT Analysis
14.5.6 Key Developments
14.6 World Precision Instruments
14.6.1 Key Facts
14.6.2 Business Description
14.6.3 Products and Services
14.6.4 Financial Overview
14.6.5 SWOT Analysis
14.6.6 Key Developments
14.7 Xavitech
14.7.1 Key Facts
14.7.2 Business Description
14.7.3 Products and Services
14.7.4 Financial Overview
14.7.5 SWOT Analysis
14.7.6 Key Developments
14.8 Takasago Electric, Inc.
14.8.1 Key Facts
14.8.2 Business Description
14.8.3 Products and Services
14.8.4 Financial Overview
14.8.5 SWOT Analysis
14.8.6 Key Developments
14.9 Medtronic
14.9.1 Key Facts
14.9.2 Business Description
14.9.3 Products and Services
14.9.4 Financial Overview
14.9.5 SWOT Analysis
14.9.6 Key Developments
15. Appendix
15.1 About The Insight Partners
15.2 Glossary of Terms
LIST OF TABLES
Table 1. China: Micropump Market, By Product Type – Revenue and Forecast to 2028 (USD Million)
Table 2. China Micropump Market, by Material – Revenue and Forecast to 2028 (USD Million)
Table 3. China Micropump Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 4. China Micropump Market, by End User– Revenue and Forecast to 2028 (USD Million)
Table 5. Japan: Micropump Market, By Product Type– Revenue and Forecast to 2028 (USD Million)
Table 6. Japan Micropump Market, by Material – Revenue and Forecast to 2028 (USD Million)
Table 7. Japan Micropump Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 8. Japan Micropump Market, by End User– Revenue and Forecast to 2028 (USD Million)
Table 9. India: Micropump Market, By Product Type– Revenue and Forecast to 2028 (USD Million)
Table 10. India Micropump Market, by Material – Revenue and Forecast to 2028 (USD Million)
Table 11. India Micropump Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 12. India Micropump Market, by End User– Revenue and Forecast to 2028 (USD Million)
Table 13. Australia: Micropump Market, By Product Type – Revenue and Forecast to 2028 (USD Million)
Table 14. Australia Micropump Market, by Material – Revenue and Forecast to 2028 (USD Million)
Table 15. Australia Micropump Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 16. Australia Micropump Market, by End User– Revenue and Forecast to 2028 (USD Million)
Table 17. South Korea: Micropump Market, By Product Type – Revenue and Forecast to 2028 (USD Million)
Table 18. South Korea Micropump Market, by Material – Revenue and Forecast to 2028 (USD Million)
Table 19. South Korea Micropump Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 20. South Korea Micropump Market, by End User– Revenue and Forecast to 2028 (USD Million)
Table 21. Rest of Asia Pacific: Micropump Market, By Product Type – Revenue and Forecast to 2028 (USD Million)
Table 22. Rest of Asia Pacific Micropump Market, by Material – Revenue and Forecast to 2028 (USD Million)
Table 23. Rest of Asia Pacific Micropump Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 24. Rest of Asia Pacific Micropump Market, by End User– Revenue and Forecast to 2028 (USD Million)
Table 25. Developments Done by Companies
Table 26. Glossary of Terms, Micropump Market
LIST OF FIGURES
Figure 1. Micropump Market Segmentation
Figure 2. Micropump Segmentation, By Country
Figure 3. Asia Pacific Micropump Market Overview
Figure 4. Mechanical Micropump Held the Largest Share of the Type Segment in Micropump Market
Figure 5. Asia Pacific Micropump Market– Leading Country Markets (US$ Million)
Figure 6. Asia Pacific PEST Analysis
Figure 7. Micropump Market Impact Analysis Of Drivers and Restraints
Figure 8. Asia Pacific Micropump Market– Revenue Forecast and Analysis – 2020- 2028
Figure 9. Micropump Market Revenue Share, By Product Type (2021 and 2028)
Figure 10. Mechanical Micropump: Micropump Market – Revenue and Forecast to 2028 (US$ Million)
Figure 11. Syringe Pump: Micropump Market – Revenue and Forecast to 2028 (US$ Million)
Figure 12. Piezoelectric Micropump: Micropump Market – Revenue and Forecast to 2028 (US$ Million)
Figure 13. Peristaltic Pump: Micropump Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. Non-Mechanical Micropump: Micropump Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. Micropump Market Revenue Share, by Material (2021 & 2028)
Figure 16. Silicon: Micropump Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. Polymer: Micropump Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. Glass: Micropump Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. Micropump Market Revenue Share, by Application (2021 and 2028)
Figure 20. Medical Equipment & Devices: Micropump Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. Clinical & Analytical Lab: Micropump Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. Pharmaceuticals: Micropump Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. Biotechnology: Micropump Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. Others: Micropump Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. Micropump Market Revenue Share, by End User (2021 and 2028)
Figure 26. Hospitals & Diagnostic Centers: Micropump Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. Biotechnology & Pharmaceutical Companies: Micropump Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. Academic & Research Institutes: Micropump Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. Asia Pacific: Micropump Market, by Key Country – Revenue (2021) (USD Million)
Figure 30. Asia Pacific: Micropump Market, by Country, 2021 & 2028 (%)
Figure 31. China: Micropump Market – Revenue and Forecast to 2028 (USD Million)
Figure 32. Japan: Micropump Market – Revenue and Forecast to 2028 (USD Million)
Figure 33. India: Micropump Market – Revenue and Forecast to 2028 (USD Million)
Figure 34. Australia: Micropump Market – Revenue and Forecast to 2028 (USD Million)
Figure 35. South Korea: Micropump Market – Revenue and Forecast to 2028 (USD Million)
Figure 36. Rest of Asia Pacific: Micropump Market – Revenue and Forecast to 2028 (USD Million)
Figure 37. Impact of COVID-19 Pandemic In Asia Pacific Country Markets
- Advanced Microfluidics
- Microfluidica, LLC
- Alldoo Micropump Co.,Ltd
- Servoflo Corporation
- TOPS INDUSTRY AND TECHNOLOGY CO. LTD
- World Precision Instruments
- Xavitech
- Takasago Electric, Inc.
- Medtronic
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