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Micropump Market Size
- Report ID: GMI5196
- Published Date: Oct 2022
- Report Format: PDF
Micropump Market Size
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.
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.
| Report Attribute | Details |
|---|---|
| Base Year: | 2021 |
| Micropump Market Size in 2021: | 1.5 Billion (USD) |
| Forecast Period: | 2022 to 2030 |
| Forecast Period 2022 to 2030 CAGR: | 19.5% |
| 2030 Value Projection: | 8.5 Billion (USD) |
| Historical Data for: | 2017 to 2021 |
| No. of Pages: | 170 |
| Tables, Charts & Figures: | 219 |
| Segments covered: | Product, Application, End-use, and Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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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.
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Micropump Market Scope
