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Micropump Market Size By Product Type (Mechanical Micropumps {Piezoelectric Micropump & Peristaltic Pump}, Non-mechanical Micropumps), By Application (Drug Delivery, In-vitro Diagnostics, Medical Devices), By End-use (Biotechnology & Pharmaceutical Companies, Hospitals & Diagnostic Centers, Academic & Research Institutes) Industry Analysis Report, Regional Outlook, Growth Potential, Covid-19 Impact Analysis, Competitive Market Share & Forecast, 2022 – 2028

  • Report ID: GMI5196
  • Published Date: Feb 2022
  • Report Format: PDF

Industry Overview

Micropump Market size surpassed around USD 1.6 billion in 2021 and is expected to witness 19.2% CAGR from 2022 to 2028 owing to the increasing awareness about the importance of controlled drug delivery as well as surging demand for miniatured medical devices.
 

Micropump Market

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While much research and developmental activity continues, reduced dimensions and higher pumping flow rates have made micropumps see a significant presence in the biomedical field. Micropumps have been used for a number of years now and surging demand of micropumps for nasal and pulmonary routes drug delivery are gaining more importance. Therefore, increasing awareness about controlled drug delivery will positively impact the business market expansion.
 

In addition, growing usage of the micropump in infusion therapy coupled with its importance in biomedical research will spur the overall market growth. Moreover, micro dosing pumps are utilized in research on therapies as well as vaccines against COVID-19. Hence, the COVID-19 pandemic had a significant impact on the market.
 

Micropump is a miniature fluid delivery device that generates flow at finite pressure loads. Micropumps are smaller than the conventional pumps and can easily transfer fluid from one point to another.
 

Numerous drug delivery applications will boost the industry demand

Growing awareness about the importance of controlled drug delivery is anticipated to drive the micropump market growth during the forecast period. To achieve the desired therapeutic effect, chemical agents or drugs must remain at a certain level of concentration. Drug concentration above or below the designed limits might have some side-effects or even cause intoxication.
 

As a consequence, the dose frequency, toxicity and drug interaction must all be considered and customized for patients based on their illness. Hence, drug delivery is one of the important methods as therapeutic agents are introduced into the body. For this, micropump is the main part of a drug delivery system that transfer the drug from reservoir to the tissue or blood vessel with precision, accuracy, and reliability.
 

These high precision micropumps have are useful in insulin delivery for diabetic patients, chemotherapy along with drug dosing for cancer patients. Therefore, micropumps are one of the major components of the drug delivery system that proves beneficial for the complete industry progression.
 

Increasing demand for non-mechanical micropump will stimulate the market statistics over the projected timeline

  Global Micropump Market By Product Type

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Based on product type, the micropump market is divided into mechanical micropumps and non-mechanical micropumps. The non-mechanical micropumps segment accounted for around USD 567 million revenue in 2021. Non-mechanical micropumps are widely utilized in personalized medication as well as in drug delivery due to its simple and easy to use mechanism. Furthermore, the availability of different types of non-mechanical micropump in the market including valveless micropumps and capillary pumps will further boost the demand for non-mechanical micropumps.
 

Increasing use of micropumps in-vitro diagnostics will drive the market statistics over the forecast timeframe

Global Micropump Market By Application

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On the basis of application, the micropump market is segmented into drug delivery, in-vitro diagnostics, medical devices and others. Among them, the in-vitro diagnostics segment accounted for around 19.6% market share in 2021 and the trend will continue to rise over the analysis period. Various mechanical and non-mechanical micropumps are utilized in the in-vitro diagnostic application to perform important functions will further favor the market expansion. Moreover, surging demand for in-vitro diagnosis in the field of micropump along with increasing focus towards the development of advanced products will thus, accelerate the overall industry progression.
 

Growing adoption of micropumps in biotech and pharma organizations will accelerate the overall industry progression

Based on end-use, the industry is categorized into biotechnology & pharmaceutical companies, hospitals & diagnostic centers, and academic & research institutes. The biotechnology and pharmaceutical companies segment accounted for around USD 559 million in 2021. Various medical equipment suppliers and drug companies utilize medical micropumps that favors the micropump market growth. Similarly, micropump supports precise biopharmaceutical dispensing applications that fosters the overall market expansion.
 

North America dominated the overall micropump market forecasts

North America Micropump Market By Country

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North America micropump market captured over 40% market share in 2021 and is poised to grow substantially during the forthcoming years due to presence of leading industry players focusing on developing novel micropumps. Increasing health care expenditure, presence of high-quality infrastructure for clinical and laboratory research and high adoption of technologically advanced products are few aspects propelling the regional market expansion. In addition to this, increasing government funding on medical devices in this region will enhance the regional market expansion.
 

Innovative strategies by key market players will offer lucrative growth opportunities

Some of the key industry players operating in the micropump market include TTP Ventus, Thomas (Gardner Denver), Idex, The Lee Company, Takasago Electric, Inc., Cole-Parmer India Pvt. Ltd., Dolomite Microfluidics (Blacktrace Holdings Ltd.), Bio-Chem Fluidics (Halma), and Servoflo Corporation among others. These industry participants are implementing various growth strategies with increased innovations and technology improvements to sustain market competition in the industry.
 

Some of the recent industry developments:

  • In June 2019, TTP Ventus, launched its latest product line, the LT Series. The new pump products have been developed to serve applications with demanding operational life requirements across the life science, medical industrial and environmental sectors. This product launch helped the company in enhancing its overall product range.
     
  • In November 2019, TTP Ventus Ltd introduced a range of new micropumps such as HP Series and LT Series that deliver higher pressures, higher flow rates, and longer lifetimes for applications including medical diagnostics, microfluidics research, and therapeutic devices. This strategy helped the company to increase its sales.
     

The micropump market report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2017 to 2028, for the following segments:

By Product Type

  • Mechanical Micropump
    • Piezoelectric Micropump
    • Peristaltic Micropump
    • Others
  • Non-mechanical Micropump

By Application

  • Drug Delivery
  • In-vitro Diagnostics
  • Medical Devices
  • Others

By End-user

  • Biotechnology & Pharmaceutical Companies
  • Hospitals & Diagnostic Centers
  • Academic & Research Institutes

The above information is provided for the following regions and countries:

By Region

  • North America 
    • U.S.
    • Canada
  • Europe 
    • Germany
    • UK
    • France
    • Italy
    • Spain
  • Asia Pacific 
    • Japan
    • China
    • India
    • Australia
  • Latin America 
    • Brazil
    • Mexico
  • Middle East & Africa 
    • South Africa
    • Saudi Arabia

 

Authors: Sumant Ugalmugle, Rupali Swain

Frequently Asked Questions (FAQ) :

The global micropump industry size had crossed USD 1.6 billion in 2021 and will observe growth at a rate of over 19.2% up to 2028 due to the surging awareness of the importance of controlled drug delivery and the thriving demand for miniatured medical devices.

Micropump is a miniature fluid delivery device increasingly preferred over conventional pumps for generating flow at finite pressure loads and easily transferring fluids from one point to another.

In-vitro diagnostics applications held more than 19.6% of the market share in 2021 owing to the rising consumer focus on the development of advanced products.

North America was responsible for over 40% of the micropump industry revenue share in 2021 and will witness expansion with the rising health care expenditure and the strong presence of key industry players in the region.

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Premium Report Details

  • Base Year: 2021
  • Companies covered: 10
  • Tables & Figures: 218
  • Countries covered: 15
  • Pages: 180

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