Micropump Market Growth Drivers and Forecast by 2028

Historic Data: 2019-2020   |   Base Year: 2021   |   Forecast Period: 2022-2028

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

  • Report Date : Aug 2021
  • Report Code : TIPRE00007338
  • Category : Life Sciences
  • Status : Published
  • Available Report Formats : pdf-format excel-format
  • No. of Pages : 201

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.

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Micropump Market: Strategic Insights

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.


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.

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.

Micropump Market Regional Insights

The regional trends and factors influencing the Micropump Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Micropump Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

micropump-market-global-geography
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Micropump Market Report Scope

Report Attribute Details
Market size in 2021 US$ 1.55 Billion
Market Size by 2028 US$ 5.17 Billion
Global CAGR (2021 - 2028) 18.8%
Historical Data 2019-2020
Forecast period 2022-2028
Segments Covered 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
By End-User
  • Hospitals & Diagnostic Centers
  • Biotechnology & Pharmaceutical Companies
  • Academic & Research Institutes
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America
Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa
Market leaders and key company profiles
  • Advanced Microfluidics
  • Microfluidica, LLC
  • Alldoo Micropump Co.,Ltd
  • Servoflo Corporation
  • TOPS INDUSTRY AND TECHNOLOGY CO. LTD
  • World Precision Instruments
  • Xavitech
  • Calon Cardio-Technology Ltd
  • Takasago Electric, Inc.

  • Micropump Market Players Density: Understanding Its Impact on Business Dynamics

    The Micropump Market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

    Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

    Major Companies operating in the Micropump Market are:

    1. Advanced Microfluidics
    2. Microfluidica, LLC
    3. Alldoo Micropump Co.,Ltd
    4. Servoflo Corporation
    5. TOPS INDUSTRY AND TECHNOLOGY CO. LTD

    Disclaimer: The companies listed above are not ranked in any particular order.


    micropump-market-cagr

    • Get the Micropump Market top key players overview

    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
    • TOPS INDUSTRY AND TECHNOLOGY CO. LTD
    • World Precision Instruments
    • Xavitech
    • Calon Cardio-Technology Ltd
    • Takasago Electric, Inc.
    • Medtronic

    Frequently Asked Questions

    Which region is projected to be the fastest growing region in the global Micropumpmarket?

    Asia Pacific is projected to be the fastest growing region in the global market.

    What is the cost of micropump?

    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.

    Which region held highest share in 2021 in the global Micropump market?

    North America held highest market share in 2021.

    What are Micropump?

    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.

    What will be the CAGR of Micropump market?

    The Micropump market is anticipated to grow around 18.8% CAGR amid the forecast period 2021-2028.

    What are the driving factors for the Micropump market across the globe?

    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.

    Mrinal Kerhalkar
    Mrinal Kerhalkar
    Manager,
    Market Research & Consulting

    Mrinal is a seasoned research analyst with over 8 years of experience in Life Sciences Market Intelligence and Consulting. With a strategic mindset and unwavering commitment to excellence, she has built deep expertise in pharmaceutical forecasting, market opportunity assessment, and developing industry benchmarks. Her work is anchored in delivering actionable insights that empower clients to make informed strategic decisions.

    Mrinal’s core strength lies in translating complex quantitative datasets into meaningful business intelligence. Her analytical acumen is instrumental in shaping go-to-market (GTM) strategies and uncovering growth opportunities across the pharmaceutical and medical device sectors. As a trusted consultant, she consistently focuses on streamlining workflow processes and establishing best practices, thereby driving innovation and operational efficiency for her clients.

    • Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
    • PEST and SWOT Analysis
    • Market Size Value / Volume - Global, Regional, Country
    • Industry and Competitive Landscape
    • Excel Dataset

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    Our Clients

    The List of Companies - Micropump Market

    1. Advanced Microfluidics
    2. Microfluidica, LLC
    3. Alldoo Micropump Co.,Ltd
    4. Servoflo Corporation
    5. TOPS INDUSTRY AND TECHNOLOGY CO. LTD
    6. World Precision Instruments
    7. Xavitech
    8. Calon Cardio-Technology Ltd
    9. Takasago Electric, Inc.
    10. Medtronic.
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