Micropump Market Size, Share, and Trends 2024 to 2033

Micropump Market (By Product: Mechanical Micropump, Non-mechanical Micropump; By Application: Drug Delivery, In-vitro Diagnostics, Medical Devices, Others; By End-user: Biotechnology & Pharmaceutical Companies, Hospitals & Diagnostic Centers, Academic & Research Institutes) - Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2024-2033

  • Last Updated : June 2024
  • Report Code : 4479
  • Category : Healthcare

Micropump Market Size and Growth

The global micropump market size was USD 2.29 billion in 2023, calculated at USD 2.73 billion in 2024, and is expected to reach around USD 13.61 billion by 2033. The market is expanding at a solid CAGR of 19.53% over the forecast period 2024 to 2033. The need for drug delivery systems that use micropumps to precisely distribute medication is growing due to the rising prevalence of chronic diseases, which raises the demand for the micropump market.

Micropump Market Size 2024 to 2033

To Access our Exclusive Data Intelligence Tool with 15000+ Database, Visit: Precedence Statistics

Micropump Market Key Takeaways

  • The North America micropump market size is exhibited at USD 1.17 billion in 2023 and is expected to attain around USD 7.01 billion by 2033, poised to grow at a CAGR of 19.60% between 2024 and 2033.
  • North America dominated the micropump market in 2023.
  • Asia Pacific is expected to grow at the highest CAGR during the forecast period.
  • By product, the mechanical micropump segment dominated the market in 2023.
  • By product, the non-mechanical micropump segment is expected to grow at the highest CAGR during the forecast period.
  • By application, the medical devices segment dominated the market in 2023.
  • By application, the drug delivery segment is expected to grow at the highest CAGR in the market during the forecast period.
  • By end-user, the hospitals & diagnostic centers segment dominated the micropump market in 2023.
  • By end-user, the biotechnology & pharmaceutical companies segment is expected to grow at the highest CAGR in the market during the forecast period.

U.S. Micropump Market Size and Growth 2024 to 2033

The U.S. micropump market size surpassed USD 880 million in 2023 and is projected to attain around USD 5,290 million by 2033, poised to grow at a CAGR of 19.64% from 2024 to 2033.

U.S. Micropump Market Size 2024 to 2033

North America dominated the micropump market by region in 2023. North America boasts a very sophisticated healthcare system, especially in the United States. This entails making significant investments in medical infrastructure and technologies, encouraging innovation, and the uptake of cutting-edge medical devices like micropumps. Research and development for a number of high-tech industries, such as biotechnology, pharmaceuticals, and medical devices, is concentrated in this region. The public and private sectors provide sizable funding to encourage innovation and micropump technology advancements.

Micropump Market Share, By Region, 2023 (%)

Asia Pacific is expected to grow at the highest CAGR in the micropump market by region during the forecast period. The demand for innovative medical equipment, including micropumps, is being driven by rising expenditures in healthcare infrastructure and rising healthcare spending by the public and private sectors in countries like China, India, and Japan. The need for drug delivery systems that use micropumps to distribute medication precisely is growing due to the rising prevalence of chronic illnesses, including diabetes, heart disease, and cancer. The micropump market is expanding due to the quick development of novel micropump designs and advances in the field of microelectromechanical systems (MEMS) technology. The leading producers of semiconductors and electronics, many of whom are based in the area, contribute significantly to the advancement of MEMS technology.

Market Overview

The micropump market refers to the reduced pump that is intended to manage minuscule fluid volumes, typically within the microliter (µL) or nanoliter (nL) range. These devices are essential for many applications, such as microfluidics, lab-on-a-chip systems, and medical devices. They work by precisely moving fluids through the application of mechanisms such as piezoelectric, electrostatic, or thermal effects. The important uses of micropumps include medical devices, such as insulin pumps, implantable devices, and drug delivery systems. The micropumps are necessary for managing tiny fluid samples for diagnostic and research purposes. The micropumps are essential to point-of-care diagnostics and lab-on-a-chip systems. The micropumps are regarded for their precision, dependability, and low power consumption, which makes them appropriate for wearable and portable devices.

Micropump Market Growth Factors

  • The rising applications in microfluidics for chemical and biological analysis can boost the micropump market.
  • The growing demand for point-to-care testing can boost the micropumps market.
  • Micropump is used for microelectronic cooling and drug injection. It consumes low power, needs simple preparation, and has high flow rates.
  • Growing prevalence of diseases and increasing healthcare infrastructure are boosting the growth of the market.

Micropump Market Scope

Report Coverage Details
Market Size by 2033 USD 13.61 Billion
Market Size in 2023 USD 2.29 Billion
Market Size in 2024 USD 2.73 Billion
Market Growth Rate from 2024 to 2033 CAGR of 19.53%
Largest Market North America
Base Year 2023
Forecast Period 2024 to 2033
Segments Covered Product, Application, End-user, and Regions
Regions Covered North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa

 

Micropump Market Dynamics

Drivers

Growing need for portable medical gadgets and home healthcare

The growing need for portable medical gadgets and home healthcare can boost the micropump market. People are becoming more and more dependent on medical devices to manage their health outside of conventional hospital settings. These devices, which allow for precise and regulated drug delivery at home, are not complete without micropumps.

Growing aging population

The growing aging population can grow the micropump market. As a result of the aging population, there is a greater need for medical interventions and life-improving technologies like medication delivery micropumps and other medical applications.

Restraint

Complex manufacturing process

The complex manufacturing process may slow down the micropump market. The higher production cost results from the need for sophisticated technology, specialized machinery, and skilled labor in complex manufacturing processes. This may raise the cost of micropumps and lessen their ability to compete in the market.

Opportunity

Advancement in materials and manufacturing process

The advancement in the material and manufacturing process of micropumps can be the opportunity to grow the micropump market. The manufacturing of more effective and compact micropumps is made possible by continuous advancement in manufacturing technologies, such as MEMS (Micro-Electro-Mechanical Systems). The rising production of MEMS (Micro-Electro-Mechanical Systems) can be an opportunity to grow the micropump market.

Product Insights

The mechanical micropump segment dominated the micropump market by product in 2023. For applications like chemical processing and medical devices that need precise dosing and metering, mechanical micropumps provide exact control over fluid flow rates. These micropumps can handle many different fluids, including gases and liquids with different viscosities. Because of their adaptability, they can be used in a wide range of fields, such as industrial applications, environmental monitoring, and biomedicine. The foundation of mechanical micropumps is established theories and methods. Because of their maturity, they have undergone extensive testing and refinement, which has resulted in high performance and reliability.

The non-mechanical micropump segment is expected to grow at the highest CAGR in the micropump market during the forecast period. The non-mechanical micropumps are perfect for portable and small devices because they are easier to integrate into microfluidic and lab-on-a-chip systems. The non-mechanical micropumps have fewer moving parts, making them more dependable and long-lasting. They require less upkeep and have a longer lifespan because they are less prone to wear and tear. These micropumps provide accurate fluid flow control, which is crucial for uses in chemical analysis, drug delivery, and medical diagnostics.

Application Insights

The medical devices segment dominated the micropump market by application in 2023. The numerous medical equipment that are used for medication administration, diagnostic procedures, and therapeutic treatments depend on micropumps. They are extremely significant in the medical profession because of their adaptability in applications, including insulin pumps, infusion pumps, and implanted drug delivery systems.

The performance, dependability, and integration potential of micropumps in medical devices have been greatly enhanced by the ongoing developments in microfluidics and Micro-Electro-Mechanical Systems (MEMS) technology. Their use in complex medical applications has expanded as a result of this. Chronic disorders, including diabetes, heart disease, and cancer, are becoming more common, which has increased demand for medical devices that use micropumps to administer medication continuously and precisely.

For example, a significant portion of diabetes treatment insulin pumps rely on micropump technology. The compact and accurate micropumps are in higher demand due to the trend toward less invasive medical procedures and therapies. Numerous minimally invasive technologies, such as implanted medication delivery systems and micro-infusion pumps, employ these pumps.

The drug delivery segment is expected to grow at the highest CAGR in the micropump market during the forecast period. Targeted and long-term medication administration strategies are required due to the growth in chronic illnesses such as diabetes, cancer, and cardiovascular diseases. For this kind of continuous and regulated medicine delivery, micropumps offer the precision required.

The need for sophisticated medication delivery systems is being driven by the emergence of complicated biologics and biosimilars, which call for exact dosage and regulated distribution. Delivering these delicate biological treatments precisely and effectively requires micropumps. Minimally invasive and non-invasive medication delivery techniques are becoming increasingly popular. By providing exact control over medication delivery without the need for intrusive procedures, micropumps make these techniques possible.

End-user Insights

The hospitals & diagnostic centers segment dominated the micropump market by end-user in 2023. Due to the huge volume of patients that hospitals and diagnostic centers see, there is an increased need for micropumps in a variety of medical applications, including medication distribution, diagnostic processes, and therapeutic treatments. These facilities have cutting-edge medical infrastructure, which makes it possible to integrate and employ cutting-edge devices like micropumps. The deployment and efficient operation of micropump devices in clinical settings are supported by this infrastructure. Hospitals and diagnostic facilities employ micropumps for a number of purposes, such as tests for diagnosis, pain management, infusion treatment, chemotherapy, and insulin administration for diabetic patients. Their great demand in these environments stems from their adaptability.

The biotechnology & pharmaceutical companies segment is expected to grow at the highest CAGR in the micropump market by end-user during the forecast period. In order to produce innovative medications and treatments, biotechnology and pharmaceutical firms make significant investments in research and development (R&D). The demand in this market is driven by the critical function that micropumps play in the accurate and regulated delivery of investigational medications during clinical trials. In order to increase the effectiveness and safety of pharmaceuticals, these businesses are concentrating on creating cutting-edge drug delivery methods. These systems require micropumps, particularly for applications involving controlled release and focused drug administration. The market for micropumps is growing as biologics and bio-similar become more popular. These drugs frequently need complex delivery systems. To handle delicate biological goods, bio-pharmaceutical businesses require micropumps that are precise and dependable.

Micropump Companies

Micropump Market Companies

  • Burkert GmbH and Co. KG
  • Cole Parmer India Pvt. Ltd.
  • Arcmed Co. Ltd.
  • Sandur Fluid Controls PVT. LTD.
  • The Lee Company, Inc.
  • Bartels Mikrotechnik Inc
  • TOPS Industry and Technology Co., Ltd.
  • TTP Ventus Ltd
  • Takako Industries, Inc
  • Takasago Electric, Inc
  • Fluigent Inc
  • Enomoto Micro Pump Mfg. Co
  • Xavitech Micropump AB
  • Thomas
  • IDEX Corporation
  • TCS Micropump Ltd
  • ALLDOO Micropump Inc.

Recent Developments

  • In November 2023, a new single-use precision micro pump called Quattroflow® QB2-Standard (QB2-SD) was introduced by PSG Biotech, a division of PSG and Dover. The first micropump in the QB Series, the QB2-SD, has expanded the Quattroflow pump family. This type is the smallest of a line of lightweight, compact, single-use rotational microdosing pumps capable of precisely transferring fragile biologics. With a minimum resolution of 25 μl and a maximum flow rate of 2.7 liters per hour (91.3 fluid ounces per hour), the QB2-SD is perfect for liquid handling operations that need to precisely and delicately dose products used in small-scale upstream and downstream applications, laboratories, and cell and gene therapy.
  • In September 2022, TTP Ventus aims to develop and produce quiet, small micropumps and pump modules for the industrial, medical, life science, and environmental domains. These items supplement The Lee Company's extensive inventory of small fluid control parts, which are commonly used in the same industries.

Segment Covered in the Report

By Product

  • Mechanical Micropump
    • Piezoelectric Micropump
    • Peristaltic Pump
    • Others
  • Non-mechanical Micropump

By Application

  • Drug Delivery
  • In-vitro Diagnostics
  • Medical Devices
  • Others

By End-user

  • Biotechnology & Pharmaceutical Companies
  • Hospitals & Diagnostic Centers
  • Academic & Research Institutes

By Geography

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • Middle East & Africa

Frequently Asked Questions

The global micropump market size is expected to increase USD 13.61 billion by 2033 from USD 2.29 billion in 2023.

The micropump market is anticipated to grow at a CAGR of over 19.53% between 2024 and 2033

The major players operating in the micropump market are Burkert GmbH and Co. KG, Cole Parmer India Pvt. Ltd., Arcmed Co. Ltd., Sandur Fluid Controls PVT. LTD., The Lee Company, Inc., Bartels Mikrotechnik Inc, TOPS Industry and Technology Co., Ltd., TTP Ventus Ltd, Takako Industries, Inc, Takasago Electric, Inc, Fluigent Inc, Enomoto Micro Pump Mfg. Co, Xavitech Micropump AB, Thomas, IDEX Corporation, TCS Micropump Ltd, ALLDOO Micropump Inc., and Others.

The driving factors of the micropump market are the growing need for portable medical gadgets and home healthcare and growing aging population.

North America region will lead the global micropump market during the forecast period 2024 to 2033.

Proceed To Buy

USD 5400
USD 3800
USD 2100
USD 2100
USD 7500

Ask For Sample

No cookie-cutter, only authentic analysis – take the 1st step to become a Precedence Research client