South and Central America 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 South and Central America micropump market is expected to reach US$ 354.34 million by 2028 from an estimated value of US$ 96.32 million in 2021; it is likely to register a CAGR of 17.8% from 2021 to 2028. The growth of the market is due to increasing demand for micropumps in the medical device industry and improved accuracy over the traditional drug delivery devices. However, stringent medical device regulations are hindering the growth of the micropump market.
In recent years, controlled release of drugs faced challenges such as the release of a suitable quantity of drugs at the right time with the least invasiveness and raised demand for advanced drug delivery devices. The emergence of micro-electro-mechanical systems (MEMS) that combine mechanical and electrical components provides a solution to overcome these challenges. The rising adoption of miniaturized medical devices has helped reshape the medical device industry. Owing to the rising healthcare costs and the shift to home-based outpatient care, the demand for smaller, lighter, and portable products has increased tremendously. The miniaturization of a medical device can be achieved in various ways—one of the most important is through micropumps. Micropumps are associated with lower production costs, fewer leaks, decreased power consumption, and increased accuracy owing to the controlled flow of fluids and delivery of drug dosage into the body. They can handle extremely small volumes of liquid efficiently. 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. Additionally, manufacturers are releasing a wide range of micropumps to cater to the rising demand of the medical device industry.
The production facilities of major manufacturers such as Xavitech are closed due to the COVID-19 pandemic. The major players are trying to supply their products to the customers through various channels in Latin America, but they are facing obstacles due to limited manufacturing and disturbance in the supply chain caused by the pandemic. The medical devices industry in developing countries such as Brazil is highly dependent on the import of raw materials and electronic components and are facing a shortage of raw materials. Hence, the micropumps industry in South and Central America is expected to face significant losses due to the disruptions caused by COVID-19 outbreak.
Key Market Segments
The South and Central America micropump market, by product type is segmented 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 South and Central America micropump market, based on material, is segmented 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 South and Central America 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 anticipated to register the highest CAGR during the forecast period.
The South and Central America 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 anticipated 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 South and Central America micropump market are the Centers for Disease Control and Prevention (CDC), International Diabetes Federation (IDF) and Food and Drug Administration (FDA).
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SOUTH AND CENTRAL AMERICA 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
- Brazil
- Argentina
- Rest of South and Central America
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 South and Central America Micropump Market – By Product Type
1.3.2 South and Central America Micropump Market – By Material
1.3.3 South and Central America Micropump Market – By Application
1.3.4 South and Central America Micropump Market – By End User
1.3.5 South and Central America Micropump Market– By Country
2. South and Central America 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 South and Central America (SCAM) – 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– South and Central America Analysis
6.1 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, by Material2021 & 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 – South and Central America Analysis
11.1 South and Central America: Micropump Market
11.1.1 Overview
11.1.2 South and Central America: Micropump Market – Revenue and Forecast to 2028 (USD Million)
11.1.3 South and Central America: Micropump Market, By Product Type, 2019–2028 (USD Million)
11.1.4 South and Central America: Micropump Market, By Material, 2019–2028 (USD Million)
11.1.5 South and Central America: Micropump Market, by Application, 2019–2028 (USD Million)
11.1.6 South and Central America: Micropump Market, by End User, 2019–2028 (USD Million)
11.1.7 South and Central America: Micropump Market, by Country, 2021 & 2028 (%)
11.1.7.1 Brazil: Micropump Market – Revenue and Forecast to 2028 (USD Million)
11.1.7.1.1 Brazil: Micropump Market – Revenue and Forecast to 2028 (USD Million)
11.1.7.1.2 Brazil: Micropump Market, By Product Type, 2019–2028 (USD Million)
11.1.7.1.3 Brazil: Micropump Market, By Material, 2019–2028 (USD Million)
11.1.7.1.4 Brazil: Micropump Market, by Application, 2019–2028 (USD Million)
11.1.7.1.5 Brazil: Micropump Market, by End User, 2019–2028 (USD Million)
11.1.7.2 Argentina: Micropump Market – Revenue and Forecast to 2028 (USD Million)
11.1.7.2.1 Argentina: Micropump Market – Revenue and Forecast to 2028 (USD Million)
11.1.7.2.2 Argentina: Micropump Market, By Product Type, 2019–2028 (USD Million)
11.1.7.2.3 Argentina: Micropump Market, By Material, 2019–2028 (USD Million)
11.1.7.2.4 Argentina: Micropump Market, by Application, 2019–2028 (USD Million)
11.1.7.2.5 Argentina: Micropump Market, by End User, 2019–2028 (USD Million)
11.1.7.3 Rest of South and Central America: Micropump Market – Revenue and Forecast to 2028 (USD Million)
11.1.7.3.1 Rest of South and Central America: Micropump Market – Revenue and Forecast to 2028 (USD Million)
11.1.7.3.2 Rest of South and Central America: Micropump Market, By Product Type, 2019–2028 (USD Million)
11.1.7.3.3 Rest of South and Central America: Micropump Market, By Material, 2019–2028 (USD Million)
11.1.7.3.4 Rest of South and Central America: Micropump Market, by Application, 2019–2028 (USD Million)
11.1.7.3.5 Rest of South and Central America: Micropump Market, by End User, 2019–2028 (USD Million)
12. Impact Of COVID-19 Pandemic on South and Central America Micropump Market
12.1 South and Central America: 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. South and Central America: Micropump Market, By Product Type – Revenue and Forecast to 2028 (USD Million)
Table 2. South and Central America: Micropump Market, By Material – Revenue and Forecast to 2028 (USD Million)
Table 3. South and Central America: Micropump Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 4. South and Central America: Micropump Market, by End User– Revenue and Forecast to 2028 (USD Million)
Table 5. Brazil: Micropump Market, By Product Type – Revenue and Forecast to 2028 (USD Million)
Table 6. Brazil: Micropump Market, By Material– Revenue and Forecast to 2028 (USD Million)
Table 7. Brazil: Micropump Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 8. Brazil: Micropump Market, by End User– Revenue and Forecast to 2028 (USD Million)
Table 9. Argentina: Micropump Market, By Product Type – Revenue and Forecast to 2028 (USD Million)
Table 10. Argentina: Micropump Market, By Material– Revenue and Forecast to 2028 (USD Million)
Table 11. Argentina: Micropump Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 12. Argentina: Micropump Market, by End User– Revenue and Forecast to 2028 (USD Million)
Table 13. Rest of South and Central America: Micropump Market, By Product Type – Revenue and Forecast to 2028 (USD Million)
Table 14. Rest of South and Central America: Micropump Market, By Material – Revenue and Forecast to 2028 (USD Million)
Table 15. Rest of South and Central America: Micropump Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 16. Rest of South and Central America: Micropump Market, by End User– Revenue and Forecast to 2028 (USD Million)
Table 17. Developments Done by Companies
Table 18. Glossary of Terms, Micropump Market
LISTs OF FIGURES
Figure 1. Micropump Market Segmentation
Figure 2. Micropump Segmentation, By Country
Figure 3. South and Central America Micropump Market Overview
Figure 4. Mechanical Micropump Held the Largest Share of the Type Segment in Micropump Market
Figure 5. South and Central America Micropump Market– Leading Country Markets (US$ Million)
Figure 6. South and Central America (SCAM) PEST Analysis
Figure 7. Micropump Market Impact Analysis Of Drivers and Restraints
Figure 8. South and Central America 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, by Material2021 & 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. South and Central America: Micropump Market, by Key Country – Revenue (2021) (USD Million)
Figure 30. South and Central America Micropump Market Revenue and Forecast to 2028 (USD Million)
Figure 31. South and Central America: Micropump Market, by Country, 2021 & 2028 (%)
Figure 32. Brazil: Micropump Market – Revenue and Forecast to 2028 (USD Million)
Figure 33. Argentina: Micropump Market – Revenue and Forecast to 2028 (USD Million)
Figure 34. Rest of South and Central America: Micropump Market – Revenue and Forecast to 2028 (USD Million)
Figure 35. Impact of COVID-19 Pandemic in South and Central America 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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