Micropump Market to Grow at a CAGR of 18.8% to reach US$ 5,172.86 million from 2021 to 2028

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Micropump Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Product Type (Mechanical Micropump, Syringe Pump, Piezoelectric Micropump, Peristaltic Pump, Non-Mechanical Micropump); Material (Silicon, Polymer, Glass); Application (Medical Equipment & Devices, Clinical & Analytical Lab, Pharmaceuticals, Biotechnology, Others); End-User (Hospitals & Diagnostic Centers, Biotechnology & Pharmaceutical Companies, Academic & Research Institutes), and Geography

Publication Month: Aug 2021 | Report Code: TIPRE00007338 | No. of Pages: 201 | Category: Medical Device | Status: Published

The micropump market is expected to reach US$ 5,172.86 million in 2028 from as estimated value of US$ 1,553.01 million in 2021. The market is likely to grow with a CAGR of 18.8% from 2021-2028.

The scope of the Micropump market includes product type, material, application, end user, and region. Based on region, the Micropump market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South and Central America. The report offers insights and in-depth analysis of the Micropump market emphasizing on various parameters such as market trends, technological advancements, market dynamics, and competitive landscape analysis of leading market players across the world. It also includes COVID–19 impact analysis across the regions.

Lucrative Regions for Micropump Market

Lucrative Regions for Micropump Market

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Market Insights

Increasing Demand for Micropumps in Medical Device Industry

In recent years, controlled release of drugs has posed numerous challenges such as the release of the suitable quantity of drugs at the right time with the least invasiveness and raised demand for advanced drug delivery devices. Some of the factors that challenge conventional drug delivery devices include long-term treatments, narrow therapeutic windows, complex dosing schedules, combined therapies, and individual dosing regimens. The emergence of micro-electro-mechanical systems (MEMS) that combine mechanical and electrical components is providing solution to overcome these drawbacks. 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. 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, manufactures are releasing a wide range of micropumps to cater to the rising demand of medical device industry. For instance, in November 2019, TTP Ventus Ltd launched a new HP Series micropumps that delivers higher flow rates, and higher pressures. This has opened product innovation possibilities for applications including microfluidics research, medical diagnostics, therapeutic devices, and wearables. Moreover, micropumps are used for new medical applications. For instance, in September 2018, Sensile Medical received EU certification for its wearable micro pump designed for the treatment of Parkinson’s disease. The device is easy to use with features such as automatic filling with liquid medicine, color display, charging unit, and data storage help enhance therapy management.  

Product Type-Based Insights

The micropump market, by product type is segmented into mechanical micropump, syringe pump, piezoelectric micropump, peristaltic pump, and non-mechanical micropump. The mechanical micropump segment held the largest share of the market in 2021, however the non-mechanical micropump segment is anticipated to register the highest CAGR of 19.7% in the market during the forecast period.

Global Micropump Market, by Product Type– 2021 & 2028

Global Micropump Market, by Product Type– 2021 & 2028

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Material-Based Insights

Micropump market based on material is segmented into silicon, polymer, glass. In 2021, the silicon segment is likely to hold the largest share of the market, however polymer segment is expected to grow at the fastest rate during the coming years.

Application-Based Insights

The 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 the same segment is anticipated to register the highest CAGR of 19.5% of the market during the forecast period.

End User-Based Insights

The 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 of 19.3% of the market during the forecast period.

Strategic Insights

Report Coverage - Micropump Market
Report CoverageDetails
Market Size Value inUS$ 1,553.01 Million in 2021
Market Size Value byUS$ 5,172.86 Million by 2028
Growth rateCAGR of 18.8% from 2021-2028
Forecast Period2021-2028
Base Year2021
No. of Pages201
No. of Tables140
No. of Charts & Figures78
Historical data availableYes
Segments coveredProduct Type ; Material ; Application ; End-User , and Geography
Regional scopeNorth America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country scopeUS, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
Report coverageRevenue forecast, company ranking, competitive landscape, growth factors, and trends
Free Sample Copy Available

Inorganic strategies such as partnerships, and mergers and acquisitions are commonly adopted by companies to cater to changing customer demand and maintain their brand name across the world. Market players operating in the Micropump market also adopt organic strategies such as product launch and expansion to outstretch their footprint and product portfolio worldwide as well as to meet the growing demand.

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 Geography

  • North America

    • US
    • Canada
    • Mexico
  • Europe

    • France
    • Germany
    • Italy
    • UK
    • Spain
    • Rest of Europe
  • Asia Pacific (APAC)

    • China
    • India
    • South Korea
    • Japan
    • Australia
    • Rest of APAC
  • Middle East & Africa (MEA)

    • South Africa
    • Saudi Arabia
    • UAE
    • Rest of MEA
  • South and Central America (SCAM)

    • Brazil
    • Argentina
    • Rest of SCAM


Company Profiles

  • Advanced Microfluidics
  • Microfluidica, LLC
  • Alldoo Micropump Co.,Ltd
  • Servoflo Corporation
  • World Precision Instruments
  • Xavitech
  • Calon Cardio-Technology Ltd
  • Takasago Electric, Inc.
  • Medtronic

Frequently Asked Questions

The growth of the market is due to increasing demand for micropumps in medical device industry, and improved accuracy compared to traditional drug delivery devices are boosting the micropump market growth. However, stringent medical device regulations are hindering the growth of market.
The Micropump market is anticipated to grow around 18.8% CAGR amid the forecast period 2021-2028.
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.
North America held highest market share in 2021.
Asia Pacific is projected to be the fastest growing region in the global market.
The costs of the Micropump are much higher, and they may cost US$ 30–150, or more, per type. The cost may also differ from product to product types.

The List of Companies - Micropump Market

  1. Advanced Microfluidics
  2. Microfluidica, LLC
  3. Alldoo Micropump Co.,Ltd
  4. Servoflo Corporation
  6. World Precision Instruments
  7. Xavitech
  8. Calon Cardio-Technology Ltd
  9. Takasago Electric, Inc.
  10. Medtronic.
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Micropump market.
  • Highlights key business priorities in order to assist companies to realign their business strategies.
  • The key findings and recommendations highlight crucial progressive industry trends in the global Micropump market, thereby allowing players across the value chain to develop effective long-term strategies.
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
  • Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
  • Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution
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