Piezoelectric Pumps Market Size Worth $1.5498 Billion By 2030: IndustryARC

Piezoelectric Pumps Market size is predicted to reach $1.5498 Billion by 2030, growing at a CAGR of 18.80% during the forecast period 2023-2030 according to the latest market research report published by IndustryARC. 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, that are fueling the growth of the Piezoelectric Pumps Market during the forecast period, finds IndustryARC in its recent report, titled “Piezoelectric Pumps Market Size, Share & Trends Analysis Report By Type (Standard Piezoelectric Pumps, Large Capacity Piezoelectric Pumps), By Application (Medical Devices, Medical Diagnostic, drug Delivery, consumer Products, Fuel Cell, electronic Cooling, Inkjet Printing, Gas Sensors, Others), By End User Industry  (Hospitals and Diagnostic Centers, Biotechnology and Pharmaceutical Companies, Academic and Research Institutes, Consumer Electronics, Industrial, Others), By Pump Type(Diaphragm-Based Piezoelectric Pump, jetting Piezoelectric Pump, Bellows-Type Piezoelectric Pump, Valve-Based Piezoelectric Pump), By Geography – Global Opportunity Analysis & Industry Forecast, 2023-2030

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Piezoelectric Pumps Market 2023-2030: Scope of the Report

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Piezoelectric Pumps Market Report – 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

• Highest Growth in 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.

• 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. 

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Key Opportunity Analysis:

• Increased R&D activities

 Researchers are exploring new materials and manufacturing techniques to enhance the efficiency, durability, and reliability of piezoelectric pumps. These advancements can lead to more cost-effective and high-performance solutions. Researchers are exploring new materials and manufacturing techniques to enhance the efficiency, durability, and reliability of piezoelectric pumps. These advancements can lead to more cost-effective and high-performance solutions.

• Increase in Number of Chronic Diseases and Infectious Diseases

The rise in chronic diseases, such as diabetes, cardiovascular diseases, and respiratory disorders, has led to an increased demand for precise and controlled drug delivery systems. Piezoelectric pumps offer accurate and programmable fluid delivery, making them suitable for applications like insulin delivery, pain management, and hormone therapy. In the case of infectious diseases, such as viral outbreaks or bacterial infections, accurate and efficient drug delivery is crucial for effective treatment. Piezoelectric pumps can be integrated into medical devices like infusion pumps for delivering antiviral or antibiotic medications.   

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The Report also Covers the Following Areas:

• Piezoelectric Pumps Market Size and Forecast
• Piezoelectric Pumps Market Trends
• Piezoelectric Pumps Market Analysis by Type

Piezoelectric Pumps Market 2023-2030: Key Highlights

• CAGR of the market during the forecast period 2023-2030
• Value Chain analysis of key stake holders
• Detailed analysis of market drivers and opportunities during the forecast period
• Piezoelectric Pumps Market size estimation and forecast
• Analysis and predictions on end users’ behavior and upcoming trends
• Competitive landscape and Vendor market analysis including offerings, developments, and financials
• Comprehensive analysis of challenges and constraints in the Piezoelectric Pumps Market

Covid and Ukrainian Crisis Impact:

• 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.

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List of Key Market Players in Piezoeletric Pumps Market:

The key companies profiled in the API Security Market Report 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

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Thin Film Piezoelectric Devices Market – Thin Film Piezoelectric Devices Market size is projected to grow at a CAGR of 13.9% during 2022-2027. The thin film piezoelectric device market is driven primarily by the factors such as increasing demands from the medical sector in various medical applications along with growing technology advancements towards nanotechnology

Composites Piezoelectric Material Market – Composites Piezoelectric Material Market size is projected to grow at a CAGR of 3.98% during 2022-2027. In addition, piezoelectric composite materials are especially useful for application of underwater sonar and medical diagnostics ultrasonic transducer.

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