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Piezoelectric Pumps Market Overview:
Piezoelectric Pumps Market size is estimated to reach $1,549.8 million by 2030, growing at a CAGR of 18.80% during the forecast period 2023-2030. Piezoelectric Pumps pumps are devices that can control and manipulate small fluid volumes. Smaller than ordinary pumps, micro-pumps are capable of moving fluid effortlessly from one location to another. They are used in medicine for a variety of purposes, including blood transportation through artificial hearts, transdermal insulin delivery, hormone treatment, managing pain and wound care, and injecting medications and glucose. For instance, piezoelectric pumps are required for controlled drug delivery, in diabetes mellitus for insulin therapy.
Growth of the global piezoelectric pump market is majorly driven by the rise in chronic diseases, such as cancer and diabetes, technological advancement in the healthcare sector, and increasing adoption of controlled drug delivery in the medical sector.
Market Snapshot:
Piezoelectric Pumps Market - Report Coverage:
The “Piezoelectric Pumps Market Report - Forecast (2023-2030)” by IndustryARC, covers an in-depth analysis of the following segments in the Piezoelectric Pumps Market.
COVID-19 / Ukraine Crisis - Impact Analysis:
The COVID-19 outbreak is anticipated to have a positive impact on the growth of the global micro-pump market as well as the piezoelectric pump market. An increase in expenditure by government and private organizations for the treatment of COVID-19 had boosted the demand for the piezoelectric pump market. The piezoelectric pump has been used during the COVID-19 pandemic for treatment and investigation purposes. Moreover, Piezoelectric pumps are also used for manufacturing vaccines, which fuels the demand for micro pumps in biotechnology companies. Moreover, there has been an increase in the demand for medical supplies to take care of the infected population, which contributes to driving the growth of the piezoelectric pump market.
Any crisis between Russia and Ukraine could potentially impact industries and trade relationships, which might indirectly influence the production, distribution, or availability of piezoelectric pumps in the affected regions. If manufacturing facilities for piezoelectric pumps are located in either Russia or Ukraine, the crisis could lead to operational challenges. Production slowdowns or shutdowns due to the crisis could impact the availability of pumps on the market.
Key Takeaways:
Piezoelectric Pump Used in Drug Delivery :
Piezoelectric pumps are a type of microfluidic pump that utilizes the piezoelectric effect to generate fluid movement. Piezoelectric pumps can provide precise and accurate control over fluid flow rates, which is crucial when delivering medications or other substances in medical applications. These pumps can be manufactured in small sizes, allowing for integration into compact medical devices or implants, such as wearable drug delivery systems or implantable drug reservoirs
Fastest Growth of Asia Pacific Region :
The Asia Pacific region was experiencing significant growth across various industries, including the piezoelectric pump market. The growth in this region was attributed to several factors, including industrialization, technological advancements, increased manufacturing activities, and growth in various end-use industries, such as consumer electronics, healthcare devices, and automotive. With the high population base, there is a rise in chronic diseases, such as diabetes, cardiovascular diseases, and respiratory disorders, which has led to a demand for precise and controlled drug delivery systems. Piezoelectric pumps are commonly used in drug delivery systems to administer medications to patients. These pumps can accurately control the flow rate of drugs, ensuring precise dosages over specific time intervals. They are often utilized in insulin pumps for diabetes management, chemotherapy infusion pumps for cancer treatment, and pain management systems.
The Biotechnological and Pharmaceutical Industries are Leading the Market :
The biotechnological industry heavily relies on precise fluid handling for tasks such as cell culturing, DNA sequencing, protein analysis, and drug discovery. Piezoelectric pumps offer accurate and controllable fluid flow, making them valuable tools in various laboratory processes. In pharmaceutical research, precise dosing and controlled delivery of compounds are essential for drug discovery and development. Piezoelectric pumps enable researchers to accurately deliver test compounds, monitor reactions, and optimize drug formulations.
Growing Demand for Piezoelectric Pumps in the Medical Equipment Industry :
Piezoelectric pumps offer unique advantages that make them well-suited for various applications within medical devices and equipment. Piezoelectric pumps are valuable components in lab-on-a-chip systems used for medical diagnostics and research. These systems integrate multiple laboratory functions onto a small chip, enabling rapid and efficient testing for various medical conditions. Piezoelectric pumps can be used in ophthalmic surgeries and other medical procedures that require precise control of fluid flow rates for irrigation, aspiration, and other purposes.
Stringent Regulation :
Piezoelectric pumps used in medical devices are subject to medical device regulations and standards. These regulations define the requirements for design, manufacturing, labeling, and post-market surveillance of medical devices. Examples include the European Union's Medical Devices Regulation (MDR) and the U.S. Food and Drug Administration's (FDA) regulations under the Federal Food, Drug, and Cosmetic Act. Depending on the industry and application, these standards also govern the fluid handling equipment's quality and safety. These standards can cover aspects like materials used, durability, accuracy, and reliability of pumps. Adherence to these standards ensures that the pumps meet industry requirements.
Key Market Players:
Product/Service launches, approvals, patents and events, acquisitions, partnerships and collaborations are key strategies adopted by players in the Piezoelectric Pumps Market. The top 10 companies in this industry are listed below:
- Nippon Keiki works
- Takasago Electric
- Unchained Labs
- Piezo Data
- TTP Ventus
- Sandur Group
- The Lee Company
- Microjet Technology
- Nitto Kohki
- Abest Technology
Scope of Report:
1. Piezoelectric Pumps Market- Overview
2. Piezoelectric Pumps Market- Executive Summary
3. Piezoelectric Pumps Market–Comparative Analysis
3.1. Financials Analysis–Key Companies
3.2. Market Share Analysis- Key Companies
3.3. Patent Analysis - Global
3.4. Pricing Analysis–Average Pricing
3.5. Company Benchmarking – Key Companies
4. Piezoelectric Pumps Market– Startup companies Scenario Premium
4.1. Investments
4.2. Revenue
4.3. Venture Capital and Funding Scenario
5. Piezoelectric Pumps Market– Industry Market Entry Scenario Premium
5.1. Regulatory Framework Overview
5.2. New Business and Ease of Doing business index
5.3. Case studies of successful ventures
6. Piezoelectric Pumps Market - Forces
6.1. Market Drivers
6.2. Market Constraints & Challenges
6.3. Porters five force model
6.3.1. Bargaining power of suppliers
6.3.2. Bargaining powers of customers
6.3.3. Threat of new entrants
6.3.4. Rivalry among existing players
6.3.5. Threat of substitutes
7. Piezoelectric Pumps Market- Strategic Analysis
7.1. Value Chain Analysis
7.2. Opportunities Analysis
7.3. Market Life Cycle Analysis
8. Piezoelectric Pumps Market- By Type
8.1. Standard Piezoelectric Pumps
8.2. Large Capacity Piezoelectric Pumps
9. Piezoelectric Pumps Market- By Application
9.1. Medical Devices
9.2. Medical Diagnostic
9.3. Drug Delivery
9.4. Consumer Products
9.5. Fuel Cell
9.6. Electronic Cooling
9.7. Inkjet Printing
9.8. Gas Sensors
9.9. Others
10. Piezoelectric Pumps Market- By End User Industry
10.1. Hospitals and Diagnostic Centers
10.2. Biotechnology and Pharmaceutical Companies
10.3. Academic and Research Institutes
10.4. Consumer Electronics
10.5. Industrial
10.6. Others
11. Piezoelectric Pumps Market- By Pump Type
11.1. Diaphragm-Based Piezoelectric Pump
11.2. Jetting Piezoelectric Pump
11.3. Bellows-Type Piezoelectric Pump
11.4. Valve-Based Piezoelectric Pump
11.5. Others
12. Piezoelectric Pumps Market- By Geography
12.1. North America
12.1.1. U.S.
12.1.2. Canada
12.1.3. Mexico
12.2. Europe
12.2.1. U.K.
12.2.2. Germany
12.2.3. France
12.2.4. Italy
12.2.5. Spain
12.2.6. Russia
12.2.7. Netherlands
12.2.8. Rest of Europe
12.3. Asia-Pacific
12.3.1. China
12.3.2. Japan
12.3.3. South Korea
12.3.4. India
12.3.5. Australia
12.3.6. Indonesia
12.3.7. Malaysia
12.3.8. Rest of Asia-Pacific
12.4. South America
12.4.1. Brazil
12.4.2. Argentina
12.4.3. Chile
12.4.4. Colombia
12.4.5. Others
12.5. Rest of the World
12.5.1. Middle East
12.5.2. Africa
13. Piezoelectric Pumps Market – Entropy
14. Piezoelectric Pumps Market – Industry/Segment Competition Landscape
14.1. Market Share Analysis
14.1.1. Market Share by Region – Key companies
14.1.2. Market Share by Countries – Key Companies
14.2. Competition Matrix
14.3. Best Practices for Companies
15. Piezoelectric Pumps Market– Key Company List by Country Premium
16. Piezoelectric Pumps Market Company Analysis (Overview, Financials, Developments, Product Portfolio)
16.1. Nippon Keiki works
16.2. Takasago Electric
16.3. Unchained Labs
16.4. Piezo Data
16.5. TTP Ventus
16.6. Sandur Group
16.7. The Lee Company
16.8. Microjet Technology
16.9. Nitto Kohki
16.10 .Abest Technology
16.11 .Others
*Financials would be provided on a best-efforts basis for private companies"
The Piezoelectric Pumps Market is projected to grow at 18.80% CAGR during the forecast period 2023-2030.
Global Piezoelectric Pumps Market size is estimated to be $390.6 Million in 2023 and is projected to reach $1,549.8 million by 2030.
The leading players in the Piezoelectric Pumps Market are Nippon Keiki works, Takasago Electric, Unchained Labs, Piezo Data, TTP Ventus, Sandur Group, The Lee Company, Microjet Technology, Nitto Kohki, Abest Technology, and others.