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Micropump Market Size By Product (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 – 2030

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

Industry overview

Micropump Market size surpassed USD 1.5 billion in 2021 and is projected to depict over 19.5% CAGR from 2022 to 2030. The integration of advanced technologies in micropump devices is among the leading factors positively influencing the industry outlook.
 

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Key market players have lately been upgrading conventional micropumps, such as rotary vanes, diaphragm pumps, lab-on-chip, ion-driven air flow micropump, etc., to increase their precision and accuracy. The increasing focus on developing cutting-edge medical devices with improved capabilities will transform the market dynamics.
 

The patient-friendly, compact infusion pump is used for continuous subcutaneous drug administration to treat patients with Parkinson’s disease and is available in several European countries. Implantable devices involve several risks and post-procedural complications, such as implant failure, infection, swelling, pain, redness, and pain at the surgical site, factors such as these are projected to negatively impact product adoption.
 

Broad application spectrum to bolster the market size

 

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Based on the products, the micropump market is bifurcated into mechanical and non-mechanical micropumps. The mechanical micropump segment was worth over USD 1 billion in 2021. These micropumps provide consistent and predictable pumping of various gases and fluids while helping them release precisely at modest flow rates. Mechanical micropumps are utilized for several applications, including targeted medicine administration, microprocessor cooling, and fuel injection, driving their demand through 2030.
 

Lightweight characteristics to propel industry revenue

Regarding the application paradigm, the micropump market from medical devices segment is predicted to expand at over 20.5% CAGR between 2022 and 2030. This is attributed to the accuracy and precision offered by micropumps that support their integration into several medical devices, including conservers, oxygen concentrators, blood pressure machines, infusion pumps, etc. The increasing popularity of lighter, smaller, and quieter medical equipment that offers enhanced portability and ease of use will stimulate the market outlook.
 

Rapid surge in minimally invasive procedures to boost industry forecasts

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In terms of end-user, the hospitals & diagnostic centers segment recorded a valuation of over USD 770 million in 2021. The prevalence of several chronic ailments, such as diabetes and cancer, has accelerated the market trends. Healthcare professionals across these establishments use micropumps for a range of minimally invasive procedures, including pain and wound care management, hormone treatment, blood transportation through artificial hearts, and transdermal insulin delivery, spurring industry statistics.
 

Burgeoning healthcare investments to stimulate the APAC market statistics

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Asia Pacific micropump market is poised to witness a 21.5% CAGR from 2022 to 2030. The increasing investments in the healthcare sector, driven by the rising disease burden and growing health awareness, will augment the regional industry scenario. In addition, the mounting demand for micropumps from several end-use verticals, such as medical, pharmaceutical, micro fluids, and many more, will create optimistic scenarios for the micropump industry across the Asia Pacific region.
 

Partnerships to define the competitive landscape

Notable companies participating in the micropump market include Xavitech Micropumps, Sensile Medical (Gerresheimer AG), Antylia Scientific, Idex Corporation, Dolomite Microfluids (Blacktrace Holdings Ltd.), The Lee Company, Thomas Gardner Denver (Ingersoll Rand), Takasago Electric, Inc., Servoflo Corporation, and Bio-chem Fluidics (Halma). These firms have been focusing on strengthening their market standing through partnerships, collaborations, M&As, and investments to improve their product offerings and lead the way for future innovations.
 

COVID-19 impact assessment on the micropump market trends

The market suffered a trivial impact, especially during the initial days of the COVID-19 pandemic, due to supply chain constraints. However, later, on the back of the surging demand for drugs, diagnostic equipment, and medical devices to manage symptoms in COVID positive patients, the industry witnessed unprecedented expansion. R&D investments and biomedical research focused on finding efficient treatment, diagnosis, and preventive therapies to fight against several virus variants emerged as major growth contributors. Moreover, the increasing emphasis on developing advanced drugs and vaccines to mitigate viral transmission will aid industry development.
 

The micropump market report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2017 to 2030 for the following segments:

By Product

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

By Application

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

By End-use

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

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

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

 

Authors: Rupali Swain, Subodh Kharad

Frequently Asked Questions (FAQ) :

Global market size for micropump was worth more than USD 1.5 billion in 2021 and is anticipated to exhibit over 19.5% CAGR from 2022 to 2030 backed by the rapid integration of advanced technologies in conventional micropumps.
Mechanical micropump segment accounted for over USD 1 billion in 2021 and is projected to garner appreciable revenues by 2030 due to the broad range of applications of mechanical micropumps, including targeted medicine administration, microprocessor cooling, and fuel injection.
The medical device segment is anticipated to depict over 20.5% growth rate from 2022 to 2030, attributed to the mounting demand for lightweight and concise medical devices due to their enhanced portability and ease of use.
Prominent players in the micropump market are Xavitech Micropumps, Sensile Medical (Gerresheimer AG), Antylia Scientific, Idex Corporation, Dolomite Microfluids (Blacktrace Holdings Ltd.), The Lee Company, Thomas Gardner Denver (Ingersoll Rand), Takasago Electric, Inc., Servoflo Corporation, and Bio-chem Fluidics (Halma).

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Premium Report Details

  • Base Year: 2021
  • Companies covered: 10
  • Tables & Figures: 219
  • Countries covered: 15
  • Pages: 170
  • Upcoming Report: Details can be customized to meet your information and data needs. Feel free to share your detailed research requirements via this form.

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