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Base Year
Historical Year
Forecast Year
The global micropump market size attained a value of approximately USD 2.19 billion in 2023. The market is further estimated to grow at a CAGR rate of 17.70% in the forecast period of 2024-2032, reaching a value of around USD 9.50 billion by 2032.
Global Micropump Market Summary | Description | Value |
Base Year | USD Billion | 2023 |
Historical Period | USD Billion | 2018-2023 |
Forecast Period | USD Billion | 2024-2032 |
Market Size 2023 | USD Billion | 2.19 |
Market Size 2032 | USD Billion | 9.50 |
CAGR 2018-2023 | Percentage | XX% |
CAGR 2024-2032 | Percentage | 17.70% |
CAGR 2024-2032 - Market by Region | Asia Pacific | 18.7% |
CAGR 2024-2032 - Market by Country | Brazil | 18.8% |
CAGR 2024-2032 - Market by Country | China | 18.3% |
CAGR 2024-2032 - Market by Material | Polymer | 18.6% |
CAGR 2024-2032 - Market by Application | Drug Delivery Systems | 18.9% |
Market Share by Country 2023 | Australia | 1.9% |
Micropumps are pumps that deal with smaller volumes of fluids that range in micrometres. These devices are used for the control and manipulation of small fluid volumes. Due to their small size, they provide precise fluid control that can be useful in healthcare applications where accurate and small portable devices are in demand.
Based on type, the market is divided into mechanical micro pump, and non-mechanical micro pump, with mechanical micro pump further segmented by type into piezoelectric micro pump, syringe pump, and peristaltic pump. On the basis of material, the market is classified into polymer, glass, and silicon.
By application, the micropump market is categorised into drug delivery systems, medical device, and in-vitro diagnostics. Based on end use, the market is divided into biotechnology and pharmaceutical companies, hospitals and diagnostics centres, and research institutes. The region markets for micropumps are North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
CAGR 2024-2032 - Market by | Country |
Brazil | 18.8% |
China | 18.3% |
UK | 18.3% |
Mexico | 17.9% |
Australia | 17.3% |
USA | 17.1% |
Canada | XX% |
France | XX% |
Italy | XX% |
Japan | XX% |
India | XX% |
Saudi Arabia | XX% |
Germany | 17.1% |
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global micropump market covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
Drug delivery systems account for substantial share of the micropump market as these systems and procedures requires acute accuracy. With the usage of micropumps, the required quantity of drug can be infused from reservoirs into the body in proper amount, thus reducing the chances of any complications due to inaccurate transfusions. Micropumps also ensure that the drug concentration remains inside the specific parameters for better results. Advancements In pharmaceuticals, rising awareness of medical conditions, and expansion of healthcare infrastructure are resulting in an increasing volume of patients that require drug delivery systems, further increasing the demand for micropumps.
North America holds a substantial share in the global micropump market due to technological advancements in the healthcare sector and well-established healthcare infrastructure across countries such as the United States. Micropumps find their usage in several areas like in-vitro diagnostics and drug delivery systems, aiding in diagnosing and treating arising health conditions. Their vast usage in different medical devices allow them to assist healthcare providers in different procedures. Meanwhile, the Asia Pacific region is anticipated to witness steady growth in the micropump market over the coming years, supported by rising investments in healthcare and increasing population.
LEE Ventus Limited, founded in 1976, sells high performance piezoelectric micropumps that provide high pressure and smooth flow. The company, a subdivision of The Lee Company, with headquarters in Cambridge, United Kingdom, supplies various fluid related products with innate accuracy to aerospace, medical, and automotive sectors.
Micropump Inc., an industrial pump provider, was founded in 1960 and has its headquarters in Washington, United States. Some of their products and services include standard micropumps, magnetic micropump drives and customised user solutions in case the customer specifications are not mentioned.
Bartels Mikrotechnik GmbH, founded in 1996 and based in Dortmund, Germany, is a provider of microfluidic products. They use innovative technology in their micropumps for proper usage and transfer of fluids in areas of biotechnology, medical, and pharmaceuticals.
Other market players include Xavitech Micropumps AB, Takasago Electric, Inc., World Precision Instruments, LLC, Alldoo Micropump Co., Ltd, Fluigent S.A., Servoflo Corporation, and TOPS Industry & Technology Co. Ltd. among others.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Type |
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Breakup by Material |
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Breakup by Application |
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Breakup by End Use |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2023, the market reached an approximate value of USD 2.19 billion.
The market is expected to grow at a CAGR of 17.70% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032, reaching a value of around USD 9.50 billion by 2032.
The major drivers of the market include the facilitation of proper precision, expansion of healthcare infrastructure, and small and convenient sizing at affordable price.
The key trends of the market include increasing demand for improved accuracy in the healthcare sector, usage as component of in-vitro diagnostics, and rising applications in drug delivery systems.
The major regions in the market are North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
The primary types of micropumps in the market are mechanical micro pump and non-mechanical micro pump.
The different applications of micropumps in the market are drug delivery systems, medical device, and in-vitro diagnostics.
The major end uses of micropumps are biotechnology and pharmaceutical companies, hospitals and diagnostics centres, and research institutes.
The key market players, according to the report, are LEE Ventus Limited, Micropump Inc., Bartels Mikrotechnik GmbH, Xavitech Micropumps AB, Takasago Electric, Inc., World Precision Instruments, LLC, Alldoo Micropump Co., Ltd, Fluigent S.A., Servoflo Corporation, and TOPS Industry & Technology Co., Ltd. among others.
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