USD 1.88 Billion
Micro Pump Market Size, Share, Growth Analysis, By Product Type(Mechanical Micro Pump, Piezoelectric Micro Pump, Syringe Pump, Peristaltic Pump), By Material(Polymer, Glass, and Silicon), By Application(Drug Delivery Systems, Medical Device, and In-Vitro Diagnostics), By End-User(Biotechnology and Pharmaceutical Companies, Hospitals and Diagnostic Centres, and Research Institutes), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG35A2888 |
Region:
Global |
Published Date: May, 2024
Pages:
219
|Tables:
119
|Figures:
74
Micro Pump Market Insights
Global Micro Pump Market size was valued at USD 1.88 Billion in 2022 and is poised to grow from USD 2.21 Billion in 2023 to USD 7.96 Billion by 2031, growing at a CAGR of 17.4% in the forecast period (2024-2031).
The rising variety of pharmaceutical industries, growing research and development in life sciences and excessive use of the micro-pump in infusion therapy are key drivers responsible for the profitable marketplace growth. Micro-Pumps have evolved over time with the help of studies of diverse techniques, availability of raw substances required for production, and advancement in virtual and electronic abilities. In addition, there was a growth in the variety of innovations in this product category that's fueling the boom of products in this category.
In the automotive industry, micro pumps play an important role in fuel injection systems, cooling systems, and emission control, in line with the company’s focus on fuel efficiency and emissions reduction. Asia-Pacific, especially China, Japan and India, witnesses a tremendous growth in the micro pump market is due to heavy industrialization, urbanization and increasing investment in healthcare infrastructure poised for further expansion as technological development and industry demand continues to drive innovation and acquisition.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Mechanical Micro Pump
Fastest Growth
Non-Mechanical Micro Pump
Growth Rate
17.4% CAGR
Global Micro Pump Market ($ Bn)
Country Share for North America Region (%)
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Micro Pump Market Segmental Analysis
Based on product type the market is segmented into mechanical micro pump, piezoelectric micro pump, syringe pump, peristaltic pump and non-mechanical micro pump. Based on material the market is segmented into polymer, glass and silicon. Based on application the market is segmented into drug delivery systems, medical devices and in-vitro diagnostics. Based on end users the market is segmented into biotechnology and pharmaceutical companies, hospitals and diagnostic centers and research institutes. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Analysis by Application
The medical segment is dominating the market. Micro-pumps are essential in drug shipping structures, insulin pumps, and implantable devices. The call for precise and controlled fluid transport in medical packages drives the market, as these pumps enable accurate dosing, improved patient care, and more desirable remedy effects. On the other hand, security packages rely on those pumps for unique fluid management devices including breathalyzers, drug testing kits, and explosive detection systems. The call for reliable and correct fluid handling in protection-associated applications drives the market. The demand for stepped forward accuracy and reliability in analytical measurements drives the market to this segment.
Drug delivery is recognized as the largest segment in 2021, accounting for around 32.5% of the market proportion. This may be attributed to the growing use of micro-pumps in implanted drug shipping structures. The segment is predicted to growth swiftly as micro-pumps are used for early ailment detection, less difficult monitoring, and multiplied personalization inside the case of in-vitro diagnostics. There are numerous trends in wearable clinical gadgets that use micro-pumps for transporting micro-fluids. For instance, in March 2022, Medtronic launched its MiniMed 780 G structures in India.
Analysis by Product Type
Mechanical micropumps dominate the market and account for about 56.0% of the revenue by 2021. The market is expected to grow during the forecast period. This could be attributed to the application of mechanical micropumps in microelectromechanical systems (MEMS). MEMS drug delivery systems are used in automotive applications, these systems are relatively inexpensive, flexible, disease-monitoring, and provide rapid detection and drug delivery.
Mechanical micropumps have movable parts such as microvalve membranes or flaps and actuation. Non-mechanical micropumps do not require physical operation, unlike capillary micropumps. Non-mechanical micropumps have several limitations such as the use of operating mechanical absorption pumps and only limited leakage fluids.
Nonmechanical micropumps is the fastest growing segment in the market. Nonmechanical micropumps use nonmechanical principles such as electrodynamics, thermopneumatics, or piezoelectricity to achieve fluid flow. These pumps are smaller, have less power, and with smaller equipment. applications are found in lab-on-chip systems, wearable devices, and environmental monitors. The non-mechanical segment is driven by the need for accurate and efficient use of water in small businesses.
Global Micro Pump Market By Product Type (%)
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Micro Pump Market Regional Insights
North America dominates the global micro pump market and holds the largest sales percentage of 49.4% in 2021. High buying strength, sturdy government help for healthcare and high adoption of technologically advanced merchandise are several of the reasons driving marketplace progress. Furthermore, the upward thrust of the nearby marketplace has been aided by using multiplied authorities guide for scientific gadgets and their approvals in this area.
Asia Pacific is the fastest growing region in the market. Asia Pacific is projected to be the quickest-developing marketplace over the forecast period attributable to its increasing best healthcare infrastructure. In 2017-18, India spent 0.7 percent of its GDP on studies and development, in comparison to 2.1 percent in China, 0.8 percentage in South Africa, 1.3 percent in Brazil, and 1.1 percent in Russia.
Global Micro Pump Market By Geography
- Largest
- Fastest
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Micro Pump Market Dynamics
Drivers
High Demand for Micropumps in Medical Device Industry
- Controlled drug release has become increasingly difficult in recent years due to issues such as releasing the right amount of drug at the right time with minimal dilution and the stability of drug delivery systems. Due to increasing experimentation with integrated devices and electrical components, to overcome these issues Micro-electromechanical systems (MEMS) are being developed. These are just some of the factors driving the market growth.
Numerous Use of Multiple Drug Delivery Systems
- Increased consumer awareness of the cost of regulated dispensers is expected to fuel the growth of the global micro pump market during the forecast period. A certain amount of the drug or drug must be maintained to achieve the desired therapeutic effect. Among other things, intoxication can occur when drug levels are below or above established limits. Consequently, dosing frequency, toxicity, and drug interactions for each patient must all be considered and tailored based on their circumstances.
Restraints
Stringent Regulations
- Strict import and export government regulations hinder the growth of the global micro pump market. Surface chemistry and geometric problems of micropumps will retard the market expansion. Lack of awareness about micro pumps in developing countries will further hinder the market expansion.
Regulatory Barriers and Compliance Requirements
- One of the most important restraints affecting the global micro pump market is the challenge posed by regulatory barriers and compliance requirements, especially in highly regulated industries such as healthcare and pharmaceuticals. Stringent regulations governing the design, manufacture, and sale of medical devices impose stringent standards on safety, due diligence, and quality control and can increase the time and cost of micropump products. Furthermore, the need for extensive testing, documentation and certification processes adds complexity to the product cycle, delaying commercialization.
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Micro Pump Market Competitive Landscape
MicroPumpTech’s miniature pump can be incorporated into MedDeviceCo’s insulin pumps to provide more accurate and efficient insulin delivery. The two companies can work together to develop new medical devices that leverage MicroPumpTech’s micropump technology. By combining their expertise and resources, they can accelerate the development process and bring new products to the market faster. MedDeviceCo can use its extensive distribution network and market presence to promote and distribute MicroPumpTech’s micropump technology to a wider customer base. This partnership will enable MicroPumpTech to better reach new markets and customers.
Top Player’s Company Profiles
- Bartels Mikrotechnik GmbH (Germany)
- Gardner Denver (U.S.)
- Takako Industries, INC. (Japan)
- Fluigent (France)
- IDEX (U.S.)
- KNF Group (U.S.)
- MICROFLUIDICA (U.S.)
- Servoflo (U.S.)
- Advanced Microfluidics (Switzerland)
- ALLDOO MicroPump (China)
- Biochem Fluidics (U.S.)
- Cole-Parmer Instrument Company, LLC. (U.S.)
- Dolomite Centre (U.K.)
- Takasago Electric Inc. (Japan)
- TOPS Micro Pump (China)
- World Precision Instruments (U.S.)
- Xavitech (Sweden)
Recent Developments
- In 2022, Medtronic launched its MiniMed 780G system in India. The system is part of Medtronic's new insulin pump portfolio that includes smartphone technology via Bluetooth connectivity.
- In 2022, The mp6 series of micropumps will be manufactured by Bartels Mikrotechnik GmbH, Inc.; and it will bring about; mp6 series introduced include mp6-Liq, mp6-gas and mp6-gas+ models.
- In 2022, Cole-Parmer Instrument Company, LLC, has developed and released its high-end micropump head series called the MasterFlex L/S CytoFlow Pump Head after successful testing of live cells and shear-like fluids.
Micro Pump Key Market Trends
- Rise in the R&D Activities: According to an April 2021 report by the Congressional Budget Office, the pharmaceutical industry spent $83 billion on R&D in 2019. In addition, the number of new drug approvals increased by 60% from 2010 to 2019 resulted in increased R&D demand for micropumps and biochemicals. It helps companies to gain market share. The hospitals and nursing facilities are expected to drive the market growth during the forecast period owing to the increasing use of micro pumps in nursing facilities, dialysis devices and glucose monitoring devices in diabetes patients.
Micro Pump Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
The global micro pump market is experiencing robust growth driven by several key factors. A major factor is the growing demand for smaller components in industries such as medical, automotive and consumer electronics. This requirement stems from the need for smaller portable devices that still maintain high performance. Micropumps are essential components of these microsystems, allowing for precise water control in confined spaces. Furthermore, the expanding applications of micropumps in the medical field, such as insulin pumps, drug delivery systems, and diagnostic instruments contribute significantly to the market growth.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 1.88 Billion |
| Market size value in 2031 | USD 7.96 Billion |
| Growth Rate | 17.4% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Micro Pump Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Micro Pump Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Micro Pump Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Micro Pump Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Micro Pump Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Micro Pump Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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