Global Micropump Market Report and Forecast 2024-2032

Global Micropump Market Outlook

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.

Key Trends in the Market

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.

• The demand for micropumps is rising in the medical sector as it helps with the dosing schedule, in intricate treatments that require accuracy and precision, and medication procedures that require micromechanics.

• As a component of in-vitro diagnostics, micro pumps are used for cleaning of pipelines and removing liquid waste. Some of their common usage occur in the fields of microbiology, immunology, and haematology, which is bolstering the micropump market.

• The usage of micropumps is on the rise are used for creating pressure in the microneedle so it can penetrate the skin properly and infuse the drug inside the patient’s body hence improving the drug delivery process.

Market Analysis

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.

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.

• 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 

• TOPS Industry & Technology Co., Ltd. 

• Other

Market Share by Application

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.

Market Share by Region

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.

Competitive Landscape 

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.

Key Highlights of the Report