Market Overview:
The global laboratory syringe pump market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for single-channel, dual-channel, four-channel and ten-channel laboratory syringe pumps from research institutions and schools across the globe. Additionally, rising investments by key players in R&D activities are also propelling the growth of this market. However, factors such as high cost of these pumps and lack of awareness about their benefits are restraining its growth to some extent. Based on type, the global laboratory syringe pump market is segmented into single channel, dual channel, four channels and ten channels segments. Among these segments, single channel segment is expected to account for a major share in terms of revenue during the forecast period owing to its low cost as compared to other types of laboratory syringe pumps available in the market.
Product Definition:
A laboratory syringe pump is a medical device used to inject liquids or gases into or withdraw them from a patient's body. It is commonly used in research and clinical settings.
Single Channel:
Single channel is a pump that delivers fluid only in one direction. It is also known as single-channel pump or single-channelled pump. Single channel syringe pumps are used for dispensing liquids and for transferring fluids from one container to another with the help of suction and discharge valves. These pumps are widely used in laboratories, especially for dispensing liquid reagents such as solvents, water, oils, acids & bases etc.
Dual Channel:
Dual channel is a technology used in laboratory syringe pump (LSSP) to increase the injection speed and reduce the injection force. The LSSP market has witnessed significant growth over the past few years owing to its increasing demand in research laboratories, especially for injectable drug delivery. Increasing R&D activities by pharmaceutical companies coupled with rising government funding for medical research are expected to drive dual channel technology market during next seven years.
Application Insights:
The school application segment dominated the global laboratory syringe pump (LSP) market in 2017. This can be attributed to factors such as increasing government funding for schools, rising pupil population and favorable reimbursement policies that have resulted in an increased need for LSPs at schools. In addition, a rise in student health issues and the introduction of new products are also contributing to the growth of this segment. For instance, in January 2018 Merck KGaA launched a vaccine administration set including one-way safety valves with auto-injectors for use by healthcare providers during vaccination procedures with children age 6 months to 12 years.
The scientific research institution application segment is expected register significant growth over the forecast period owing to factors such as growing R&D activities at institutions and hospitals coupled with an increase in number of researchers across various industries globally which has led to an increased demand for advanced equipment such as LSPs among these institutions/hospitals.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to the presence of a large number of key players, high investment in R&D and availability of advanced products. The Asia Pacific is expected to witness lucrative growth over the forecast period owing to increasing government initiatives for use of laboratory automation equipment and rising awareness about blood donation among population. Moreover, growing medical tourism industry will drive demand for LSP pumps in this region.
The Latin American market is also expected to grow at a significant rate due its developing economy with increasing disposable income coupled with rising healthcare expenditure per capita as compared to other regions’ countries such as China & India & Brazil etc., which has led it being called “Medical Technology Valley†in Medell©n (Colombia).
Growth Factors:
- Increasing demand for minimally invasive surgeries: The global market for minimally invasive surgeries is expected to grow at a CAGR of 6.5% from 2016 to 2021. This is primarily due to the advantages offered by these surgeries over traditional open surgery procedures, such as shorter hospital stays, reduced pain and blood loss, and faster recovery times. Laboratory syringe pumps are an important part of minimally invasive surgical procedures as they help in delivering precise doses of fluids or medications to the target area.
- Rising prevalence of chronic diseases: The global prevalence of chronic diseases such as cancer, diabetes, and heart disease is on the rise due to changing lifestyles and aging populations. These diseases are often treated with drugs or other therapies that require accurate dosing which can be achieved with the help of laboratory syringe pumps.
- Technological advancements: Laboratory syringe pumps continue to evolve with new features being added regularly in order to meet the needs of different users such as hospitals, clinics, research institutes etcetera . Some recent advancements include wireless connectivity between devices and cloud-based data management systems that allow users to track pump performance remotely . This helps ensure timely maintenance and troubleshooting if any issues arise .
Scope Of The Report
Report Attributes
Report Details
Report Title
Laboratory Syringe Pump (LSP) Market Research Report
By Type
Single Channel, Dual Channel, Four Channels, Ten Channels, Other
By Application
School, Scientific Research Institution
By Companies
Microfluidic Chipshop, Advanced Microfluidics, Longer Precision Pump, KD Scientific Inc, World Precision Instruments Inc, Chemyx Inc, MRC Ltd, Holmarc Opto-Mechatronics Pvt Ltd, LAMBDA Laboratory Instruments, Search ResultsWeb result with site linksLead Fluid Technology
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
135
Number of Tables & Figures
95
Customization Available
Yes, the report can be customized as per your need.
Global Laboratory Syringe Pump (LSP) Market Report Segments:
The global Laboratory Syringe Pump (LSP) market is segmented on the basis of:
Types
Single Channel, Dual Channel, Four Channels, Ten Channels, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
School, Scientific Research Institution
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Microfluidic Chipshop
- Advanced Microfluidics
- Longer Precision Pump
- KD Scientific Inc
- World Precision Instruments Inc
- Chemyx Inc
- MRC Ltd
- Holmarc Opto-Mechatronics Pvt Ltd
- LAMBDA Laboratory Instruments
- Search ResultsWeb result with site linksLead Fluid Technology
Highlights of The Laboratory Syringe Pump (LSP) Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Single Channel
- Dual Channel
- Four Channels
- Ten Channels
- Other
- By Application:
- School
- Scientific Research Institution
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Laboratory Syringe Pump (LSP) Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A laboratory syringe pump is a device used to inject liquids or gases into small containers.
Some of the major players in the laboratory syringe pump (lsp) market are Microfluidic Chipshop, Advanced Microfluidics, Longer Precision Pump, KD Scientific Inc, World Precision Instruments Inc, Chemyx Inc, MRC Ltd, Holmarc Opto-Mechatronics Pvt Ltd, LAMBDA Laboratory Instruments, Search ResultsWeb result with site linksLead Fluid Technology.
The laboratory syringe pump (lsp) market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Laboratory Syringe Pump (LSP) Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Laboratory Syringe Pump (LSP) Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Laboratory Syringe Pump (LSP) Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Laboratory Syringe Pump (LSP) Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Laboratory Syringe Pump (LSP) Market Size & Forecast, 2018-2028 4.5.1 Laboratory Syringe Pump (LSP) Market Size and Y-o-Y Growth 4.5.2 Laboratory Syringe Pump (LSP) Market Absolute $ Opportunity
Chapter 5 Global Laboratory Syringe Pump (LSP) Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Laboratory Syringe Pump (LSP) Market Size Forecast by Type
5.2.1 Single Channel
5.2.2 Dual Channel
5.2.3 Four Channels
5.2.4 Ten Channels
5.2.5 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Laboratory Syringe Pump (LSP) Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Laboratory Syringe Pump (LSP) Market Size Forecast by Applications
6.2.1 School
6.2.2 Scientific Research Institution
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Laboratory Syringe Pump (LSP) Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Laboratory Syringe Pump (LSP) Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Laboratory Syringe Pump (LSP) Analysis and Forecast
9.1 Introduction
9.2 North America Laboratory Syringe Pump (LSP) Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Laboratory Syringe Pump (LSP) Market Size Forecast by Type
9.6.1 Single Channel
9.6.2 Dual Channel
9.6.3 Four Channels
9.6.4 Ten Channels
9.6.5 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Laboratory Syringe Pump (LSP) Market Size Forecast by Applications
9.10.1 School
9.10.2 Scientific Research Institution
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Laboratory Syringe Pump (LSP) Analysis and Forecast
10.1 Introduction
10.2 Europe Laboratory Syringe Pump (LSP) Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Laboratory Syringe Pump (LSP) Market Size Forecast by Type
10.6.1 Single Channel
10.6.2 Dual Channel
10.6.3 Four Channels
10.6.4 Ten Channels
10.6.5 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Laboratory Syringe Pump (LSP) Market Size Forecast by Applications
10.10.1 School
10.10.2 Scientific Research Institution
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Laboratory Syringe Pump (LSP) Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Laboratory Syringe Pump (LSP) Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Laboratory Syringe Pump (LSP) Market Size Forecast by Type
11.6.1 Single Channel
11.6.2 Dual Channel
11.6.3 Four Channels
11.6.4 Ten Channels
11.6.5 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Laboratory Syringe Pump (LSP) Market Size Forecast by Applications
11.10.1 School
11.10.2 Scientific Research Institution
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Laboratory Syringe Pump (LSP) Analysis and Forecast
12.1 Introduction
12.2 Latin America Laboratory Syringe Pump (LSP) Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Laboratory Syringe Pump (LSP) Market Size Forecast by Type
12.6.1 Single Channel
12.6.2 Dual Channel
12.6.3 Four Channels
12.6.4 Ten Channels
12.6.5 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Laboratory Syringe Pump (LSP) Market Size Forecast by Applications
12.10.1 School
12.10.2 Scientific Research Institution
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Laboratory Syringe Pump (LSP) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Laboratory Syringe Pump (LSP) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Laboratory Syringe Pump (LSP) Market Size Forecast by Type
13.6.1 Single Channel
13.6.2 Dual Channel
13.6.3 Four Channels
13.6.4 Ten Channels
13.6.5 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Laboratory Syringe Pump (LSP) Market Size Forecast by Applications
13.10.1 School
13.10.2 Scientific Research Institution
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Laboratory Syringe Pump (LSP) Market: Competitive Dashboard
14.2 Global Laboratory Syringe Pump (LSP) Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Microfluidic Chipshop
14.3.2 Advanced Microfluidics
14.3.3 Longer Precision Pump
14.3.4 KD Scientific Inc
14.3.5 World Precision Instruments Inc
14.3.6 Chemyx Inc
14.3.7 MRC Ltd
14.3.8 Holmarc Opto-Mechatronics Pvt Ltd
14.3.9 LAMBDA Laboratory Instruments
14.3.10 Search ResultsWeb result with site linksLead Fluid Technology