The global micropump industry size is poised for remarkable growth, projected to achieve a market valuation of US$ 12.8 billion by 2033, with a compound annual growth rate (CAGR) of 18.4%. This surge is driven by the increasing adoption of micropumps across diverse sectors, including biotechnology & pharmaceutical companies, hospitals & diagnostic centers, and academic & research institutes.
Micropumps play a pivotal role in various applications within these industries, contributing to their widespread use. In particular, micropumps are integral in hormone treatment, pain and wound-care management, and the precise injection of glucose and drugs. The rising demand for micropumps in these critical applications is expected to fuel the expansion of the micropump industry in the years to come.
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One significant driver of this growth is the development of new therapies for cancer treatment, which necessitates the utilization of advanced micropump sets. The evolving landscape of healthcare and the increasing emphasis on precision medicine are further propelling the market growth.
Furthermore, advancements in microelectromechanical systems (MEMS) technology have played a pivotal role in driving the growth of the micropump market. MEMS-based micropumps offer reduced power consumption, smaller form factors, and higher reliability, making them ideal for various applications where space and power constraints are critical.
The microfluidics and lab-on-a-chip industries are also driving the demand for micropumps. These pumps enable precise handling and manipulation of small volumes of fluids in research and diagnostic processes, facilitating rapid and accurate analysis.
As the focus on environmental monitoring and point-of-care diagnostics increases, the micropump market is expected to witness further expansion. The ability of micropumps to deliver small quantities of reagents and samples with minimal wastage makes them invaluable in environmental monitoring devices and point-of-care diagnostic systems, where efficiency and resource conservation are paramount.
Key Takeaways from Micropump Market:
- North America holds more than 40% of the market share. This could be attributed to higher purchasing power of the US citizens, robust support from the government regarding quality healthcare, presence of top-notch infrastructure for laboratory and clinical research, and higher adoption of various technologically advanced products.
- The Asia-Pacific is expected to grow at the fastest rate in the micropump market due to upgradation in healthcare infrastructure all across India and China. Singapore and Malaysia are already doing well with respect to medical tourism.
- Europe is expected to hold a significant market share with countries like Belgium, The Netherlands, and Denmark being at the forefront.
“Micropumps have evolved since the last few years through numerous techniques through advancements in electronic and digital capabilities”, says an analyst from Future Market Insights.
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Competitive Micropumps:
- Bartels Mikrotechnik GmbH, in January 2022, tabled mp6 series. They comprise mp6-Liq, mp6-gas+, and mp6-gas.
- Sensile Medical AG (Gerresheimer’s subsidiary), September 2018, received EU certification. One of the European companies achieved CE declaration of conformity for micro-rotary pump used for treating advanced Parkinson’s disease.
- TTP Ventus, in June 2019, launched the LT series for serving applications while demanding operational life requirements all across medical, life science, environmental, and industrial sectors.
- Cole-Parmer India Pvt. Ltd., after successfully testing shear-sensitive and pumping live cells fluids, released the high-end micropump head series. They were named ‘Masterflex L/S Cytoflow Pump head”.
- Biochem Fluidics, in July 2017, released Maestro ULTRA piston pump, Perialistic Pumps, Opus Rocker Valves.
- Backtrace has its Dolomite Bio, which is known for specialization in microfluidic droplet applications that offer individual modules and microfluidic systems, reagents, and control software for applications pertaining to cell biology.
The National Institute of Biomedical Imaging and Bioengineering, in October 2020, came up with Point-of-Care Technologies Research Network for driving development of the point-of-care technologies.
Medtronic, in March 2022, tabled MiniMed 780 G systems all across India.
What does the Report Cover?
Future Market Insights offers an exclusive perspective and various real-time insights on the micropump market in its latest study, presenting historical demand assessment of 2016 – 2021 and projections for 2022 – 2032.
List Encompassing Key Players Operating in Micropump Industry:
- LEE Ventus
- Sensile Medical
- Cole-Parmer India Pvt Ltd
- IDEX
- Dolomite Microfluidics
- The Lee Company
- Gardner Denver
- Takasago Electric, Inc.
- Halma Plc
- Servoflo Corporation
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Market Segments Covered in Micropump Industry Analysis:
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
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- The Middle East and Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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