The global micro pumps market revenue was around US$ 1.91 billion in 2022 and is estimated to reach US$ 7.37 billion by 2031, growing at a compound annual growth rate (CAGR) of 16.2% during the forecast period from 2023 to 2031.
Micropumps are machines that can manipulate and control small fluid volumes. Micropumps are smaller than standard pumps and have the ability to transfer fluid with ease from one place to another. They are utilized in medicine for a variety of purposes, including transdermal insulin delivery, blood transportation through artificial hearts, managing pain and wound care, hormone treatment, and injecting glucose and medications.
Market Driving Factors
The surge in consumer awareness of the value of regulated drug delivery is estimated to boost the market. This is mainly due to the chemical medications or substances must maintain an exact concentration to have the desired therapeutic impact. In addition, intoxication can happen when drug concentrations are below or above the intended limitations, among other things. As a result, the frequency of toxicity, doses, and drug interactions must all be considered and tailored for each patient based on their situation.
An increase in chronic diseases such as diabetes and cancer and diabetes are estimated to drive the market growth. For instance, micro-pumps are needed for controlled drug delivery, in diabetes mellitus for insulin therapy. The micropump, which is utilized in insulin therapy for precise and regulated insulin administration, is also included in the analysis of the micropump market. Therefore, an increase in the number of diabetes patients is expected to fuel the demand for micropumps.
Stringent regulations governing the use of micropumps in healthcare and expensive manufacturing costs are estimated to hamper the market growth.
Regional Analysis
North America dominated the market in terms of revenue and is estimated to maintain its dominance. This can be attributed to the surge in the number of research activities, technological advances in the healthcare sector, and the surge in the prevalence of chronic illnesses.
Asia-Pacific dominates the market in terms of shares. This is owing to the increase in expenditure by government organizations to develop the healthcare sector, the rise in the prevalence of chronic diseases, and the increase in the number of critical players who manufacture micropumps.
Segmentation Insights
Type Insight
The mechanical segment dominates the market in terms of revenue. This is due to the increase in technological advances in the manufacturing of mechanical micropumps, the availability of various micro pumps, and the increase in the usage of the mechanical microscope in micro-electro-mechanical systems (MEMS) which is utilized in drug delivery.
Material Insight
The plastic & composite segment dominates the market in terms of the growth rate. This is due to the rise in the usage of plastic & composites in mechanical micropump technological advances in the field of the healthcare sector that caused an increase in demand for high-quality micropumps.
Application Insight
The drug delivery segment dominates the market in terms of revenue. This is mainly due to the several drug delivery applications, surge in awareness regarding controlled drug delivery, and increase in the number of chronic diseases such as diabetes and cancer.
The in-vitro segment is estimated to dominate the market in terms of the growth rate. This is due to the surge in the number of in-vitro diagnostic tests, the rise in the application of micro pumps in diagnostic tests, and the surge in the number of chronic and infectious diseases.
End User Insight
The hospital & diagnostic centers segment dominates the market in terms of the largest shares. This is due to the increase in the number of hospitals, the surge in expenditure by the government to create healthcare infrastructure, and the rise in the number of chronic diseases.
The biotechnology & pharmaceutical segment is estimated to dominate the market in terms of the growth rate. This is due to the various drug delivery applications of pumps in the pharmaceutical industry and the increase in the number of research activities in biotechnology companies.
Prominent Companies
Segmentation Outline
The global micropump market segmentation focuses on the Type, Material, Application, End User, and Region.
By Type
By Material
By Application
By End User
By Region
[TABLE OF CONTENTS]
1 INTRODUCTION OF GLOBAL MICRO PUMPS MARKET
1.1 OVERVIEW OF THE MARKET
1.2 SCOPE OF REPORT
1.3 ASSUMPTIONS
2 EXECUTIVE SUMMARY: MICRO PUMPS MARKET
3 RESEARCH METHODOLOGY
3.1 DATA MINING
3.2 VALIDATION
3.3 PRIMARY INTERVIEWS
3.4 LIST OF DATA SOURCES
3.5 ANALYST TOOLS AND MODELS
4 GLOBAL MICRO PUMPS MARKET OUTLOOK
4.1 OVERVIEW
4.2 MARKET DYNAMICS AND TRENDS
4.2.1 DRIVERS
4.2.2 RESTRAINTS
4.2.3 OPPORTUNITIES
4.3 PORTERS FIVE FORCE ANALYSIS
4.4 VALUE CHAIN ANALYSIS
4.5 MARKET GROWTH AND OUTLOOK
4.5.1 PRICE TREND ANALYSIS
4.5.2 OPPORTUNITY SHARE
5 GLOBAL MICRO PUMPS MARKET, BY TYPE
5.1 OVERVIEW
5.2 MECHANICAL
5.2.1 PIEZOELECTRIC MICROPUMP
5.2.2 ELECTROSTATIC MICROPUMP
5.2.3 ELECTROMAGNETIC MICROPUMP
5.3 NON-MECHANICAL
6 GLOBAL MICRO PUMPS MARKET, BY MATERIAL
6.1 OVERVIEW
6.2 PLASTICS AND COMPOSITES
6.3 CERAMICS
6.4 METALS
7 GLOBAL MICRO PUMPS MARKET, BY APPLICATION
7.1 OVERVIEW
7.2 MEDICAL DEVICE
7.3 DRUG DELIVERY
7.4 IN VITRO DIAGNOSIS
7.5 OTHERS
8 GLOBAL MICRO PUMPS MARKET, BY END USER
8.1 OVERVIEW
8.2 HOSPITALS AND DIAGNOSTIC CENTERS
8.3 BIOTECHNOLOGY AND PHARMACEUTICAL COMPANIES
8.4 ACADEMIC AND RESEARCH INSTITUTES
9 GLOBAL MICRO PUMPS MARKET, BY GEOGRAPHY
9.1 OVERVIEW
9.2 NORTH AMERICA
9.2.1 NORTH AMERICA MARKET SNAPSHOT
9.2.2 U.S.
9.2.3 CANADA
9.2.4 MEXICO
9.3 EUROPE
9.3.1 EUROPE MARKET SNAPSHOT
9.3.2 WESTERN EUROPE
9.3.2.1 THE UK
9.3.2.2 GERMANY
9.3.2.3 FRANCE
9.3.2.4 ITALY
9.3.2.5 SPAIN
9.3.2.6 REST OF WESTERN EUROPE
9.3.3 EASTERN EUROPE
9.3.3.1 POLAND
9.3.3.2 RUSSIA
9.3.3.3 REST OF EASTERN EUROPE
9.4 ASIA PACIFIC
9.4.1 ASIA PACIFIC MARKET SNAPSHOT
9.4.2 CHINA
9.4.3 JAPAN
9.4.4 INDIA
9.4.5 AUSTRALIA & NEW ZEALAND
9.4.6 ASEAN
9.4.7 REST OF ASIA PACIFIC
9.5 MIDDLE EAST & AFRICA
9.5.1 MIDDLE EAST & AFRICA MARKET SNAPSHOT
9.5.2 UAE
9.5.3 SAUDI ARABIA
9.5.4 SOUTH AFRICA
9.5.5 REST OF MEA
9.6 SOUTH AMERICA
9.6.1 SOUTH AMERICA MARKET SNAPSHOT
9.6.2 BRAZIL
9.6.3 ARGENTINA
9.6.4 REST OF SOUTH AMERICA
10 GLOBAL MICRO PUMPS MARKET COMPETITIVE LANDSCAPE
10.1 OVERVIEW
10.2 COMPANY MARKET RANKING
10.3 KEY DEVELOPMENT STRATEGIES
10.4 COMPETITIVE DASHBOARD
10.5 PRODUCT MAPPING
10.6 TOP PLAYER POSITIONING, 2022
10.7 COMPETITIVE HEATMAP
10.8 TOP WINNING STRATEGIES
11 COMPANY PROFILES
11.1 TAKAKO INDUSTRIES INC
11.1.1 OVERVIEW
11.1.2 FINANCIAL PERFORMANCE
11.1.3 PRODUCT OUTLOOK
11.1.4 KEY DEVELOPMENTS
11.1.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.2 XAVITECH MICROPUMP AB
11.2.1 OVERVIEW
11.2.2 FINANCIAL PERFORMANCE
11.2.3 PRODUCT OUTLOOK
11.2.4 KEY DEVELOPMENTS
11.2.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.3 IDEX CORPORATION
11.3.1 OVERVIEW
11.3.2 FINANCIAL PERFORMANCE
11.3.3 PRODUCT OUTLOOK
11.3.4 KEY DEVELOPMENTS
11.3.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.4 SANDUR FLUID CONTROLS PVT. LTD
11.4.1 OVERVIEW
11.4.2 FINANCIAL PERFORMANCE
11.4.3 PRODUCT OUTLOOK
11.4.4 KEY DEVELOPMENTS
11.4.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.5 THOMAS
11.5.1 OVERVIEW
11.5.2 FINANCIAL PERFORMANCE
11.5.3 PRODUCT OUTLOOK
11.5.4 KEY DEVELOPMENTS
11.5.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.6 BARTELS MIKROTECHNIK INC
11.6.1 OVERVIEW
11.6.2 FINANCIAL PERFORMANCE
11.6.3 PRODUCT OUTLOOK
11.6.4 KEY DEVELOPMENTS
11.6.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.7 TAKASAGO ELECTRIC INC
11.7.1 OVERVIEW
11.7.2 FINANCIAL PERFORMANCE
11.7.3 PRODUCT OUTLOOK
11.7.4 KEY DEVELOPMENTS
11.7.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.8 ARCMED CO. LTD
11.8.1 OVERVIEW
11.8.2 FINANCIAL PERFORMANCE
11.8.3 PRODUCT OUTLOOK
11.8.4 KEY DEVELOPMENTS
11.8.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.9 FLUIGENT INC
11.9.1 OVERVIEW
11.9.2 FINANCIAL PERFORMANCE
11.9.3 PRODUCT OUTLOOK
11.9.4 KEY DEVELOPMENTS
11.9.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.10 TTP VENTUS LTD
11.10.1 OVERVIEW
11.10.2 FINANCIAL PERFORMANCE
11.10.3 PRODUCT OUTLOOK
11.10.4 KEY DEVELOPMENTS
11.10.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.11 BURKERT GMBH AND CO. KG
11.11.1 OVERVIEW
11.11.2 FINANCIAL PERFORMANCE
11.11.3 PRODUCT OUTLOOK
11.11.4 KEY DEVELOPMENTS
11.11.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.12 TCS MICROPUMP LTD
11.12.1 OVERVIEW
11.12.2 FINANCIAL PERFORMANCE
11.12.3 PRODUCT OUTLOOK
11.12.4 KEY DEVELOPMENTS
11.12.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.13 ENOMOTO MICRO PUMP MFG. CO
11.13.1 OVERVIEW
11.13.2 FINANCIAL PERFORMANCE
11.13.3 PRODUCT OUTLOOK
11.13.4 KEY DEVELOPMENTS
11.13.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.14 TOPS INDUSTRY AND TECHNOLOGY CO., LTD
11.14.1 OVERVIEW
11.14.2 FINANCIAL PERFORMANCE
11.14.3 PRODUCT OUTLOOK
11.14.4 KEY DEVELOPMENTS
11.14.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.15 COLE PARMER INDIA PVT LTD
11.15.1 OVERVIEW
11.15.2 FINANCIAL PERFORMANCE
11.15.3 PRODUCT OUTLOOK
11.15.4 KEY DEVELOPMENTS
11.15.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.16 ALLDOO MICROPUMP INC
11.16.1 OVERVIEW
11.16.2 FINANCIAL PERFORMANCE
11.16.3 PRODUCT OUTLOOK
11.16.4 KEY DEVELOPMENTS
11.16.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.17 THE LEE COMPANY INC.
11.17.1 OVERVIEW
11.17.2 FINANCIAL PERFORMANCE
11.17.3 PRODUCT OUTLOOK
11.17.4 KEY DEVELOPMENTS
11.17.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
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