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

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.