Micro pump Market Analysis

Global Micropump Market Overview

Micropump Market Size was valued at USD 2.1 Billion in 2022. The Micropump market industry is projected to grow from USD 2.50 Billion in 2023 to USD 10.20 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 19.20% during the forecast period (2023 - 2032). Increase in chronic illnesses such as cancer and diabetes, technological advancements in the healthcare industry, and increased knowledge of regulated medication administration are the key market drivers enhancing the market growth. 

Source Secondary Research, Primary Research, MRFR Database and Analyst Review

Micropump Market Trends

• Growing use in medical industry is driving the market growth

Market CAGR for micropump is being driven by the rising use in medical industry. The increasing number of pharmaceutical enterprises, increased research and development in life sciences, the creation and implementation of clinical testing, and the widespread usage of the micro-pump in infusion treatment are the primary drivers driving the lucrative market expansion. Micro-Pumps have grown rapidly due to research into numerous approaches, the available raw materials needed for manufacture, and advancements in digital and electronic capabilities. Furthermore, the number of innovations in this product category has increased, which is supporting the rise of items in this area. The increasing number of pharmaceutical enterprises, increased research and development in life sciences, the creation and implementation of clinical testing, and the widespread usage of the micro-pump in infusion treatment are the primary drivers driving the lucrative market expansion.

Micro-Pumps have grown rapidly due to research into numerous approaches, the available raw materials needed for manufacture, and advancements in digital and electronic capabilities.  In recent years, controlled drug release has presented various obstacles, such as releasing the appropriate amount of medications at the correct time with the least amount of invasiveness and increasing demand for improved drug delivery systems. Long-term treatments, tight therapeutic windows, complex dosage schedules, combination therapies, and customized dosing regimens are some elements that challenge traditional drug delivery systems. Micro-electro-mechanical systems (MEMS), which mix mechanical and electrical components, are emerging to remedy these problems.

The increasing acceptance of miniaturized medical equipment has contributed to reshaping the medical device sector. Because of escalating healthcare expenses and the transition to home-based outpatient treatment, the need for smaller, lighter, and more portable devices has skyrocketed. A medical device may be miniaturized in various methods, the most important of which is through micropumps. Micropumps have reduced production costs, fewer leaks, lower power consumption, and more precision due to the regulated flow of fluids and medicine doses into the body. They can efficiently manage extremely tiny amounts of liquid. Micropumps are being developed for various medical End Users, including transdermal insulin administration, artificial heart blood transportation, glucose and medication injection, hormone therapy, and pain and wound-care management. Thus, driving the Micropump market revenue.

Micropump Market Segment Insights

Micropump Product Type Insights

Based on type, the Micropump market segmentation includes mechanical micropump, piezoelectric micropump, syringe pumps, peristaltic pump and non-mechanical micropump. The mechanical micropump segment dominated the market, accounting for 35% of market revenue. This is because mechanical micro-pumps are used in Micro-Electro-Mechanical Systems (MEMS). MEMS is employed in drug delivery system vehicles because they are inexpensive, simple to use, capable of monitoring illnesses and allow quick detection and administration of medications.

Micropump Product Material Insights

Based on material, the Micropump market segmentation includes polymer, glass and silicon. The silicon segment dominated the market. This is because the manufacture of mechanical micropump technology now significantly relies on silicon-based micromachining processes. Furthermore, silicon micromachining provides various benefits that make it easier to apply in high-performance applications like drug distribution.

Micropump Product Application Insights

The Micropump market segmentation, based on application includes drug delivery systems, medical device and in-vitro diagnostics. The drug delivery systems segment dominated the market. This is due to the growing usage of micro-pumps in implanted medication delivery systems. The in-vitro diagnostic industry is predicted to grow fast as micro-Pumps are utilized for early illness diagnosis, simpler monitoring, and improved customization. There have also been several advancements in wearable medical devices that employ micro-Pumps to transfer micro-fluids.

Micropump End User Insights

Based on End Users, the Micropump market segmentation includes biotechnology and pharmaceutical companies, hospitals, diagnostic centers, and research institutes. The biotechnology and pharmaceutical companies categories generated the most income. Increasing R&D has resulted in increasing demand for micro-Pumps, contributing to the market share of biotechnology and pharmaceutical firms. 

Figure 1 Micropump Market, by End User, 2022 & 2032 (USD Billion)

Source Secondary Research, Primary Research, MRFR Database and Analyst Review

Micropump Regional Insights

By region, the study provides market insights into North America, Europe, Asia-Pacific and the Rest of the World. The Asia Pacific Micropump market area will dominate this market because of its growing quality healthcare infrastructure, competent staff, increased awareness of healthcare goods, increase in point-of-care diagnostic centers, and rigorous research and development programs.

Further, the major countries studied in the market report are The US, Canada, German, India, Australia, France, the UK, Italy, Spain, China, Japan, South Korea, and Brazil.

Figure 2 MICROPUMP MARKET SHARE BY REGION 2022 (USD Billion)

Source Secondary Research, Primary Research, MRFR Database and Analyst Review

North America has the second-largest Micropump Material market share. High buying power, strong government backing for high-quality healthcare, high-quality clinical and laboratory research infrastructure, and widespread acceptance of technologically sophisticated goods are just a few of the factors propelling regional market growth. Furthermore, the US Micropump Material market dominated, while the Canada Micropump Material market grew fastest in North America.

From 2023 to 2032, the Europe Micropump Material Market will develop at the quickest CAGR. Due to economic development, Asian-Pacific inhabitants' increasing per capita income has increased spending on semiconductor-based equipment and products such as cell phones, personal computers, high-definition (HD) television sets, and others. Furthermore, the German Micropump Material market had the highest market share, whereas the UK was Europe's fastest-growing market.

Micropump Material Key Market Players & Competitive Insights

Leading market companies are extensively spending R&D on increasing their product lines, which will help the Micropump Material market grow even more. Important market developments include new product releases, contractual agreements, acquisitions and mergers, greater investments, and collaboration with other organizations. The Micropump Material industry must produce cost-effective merchandise to flourish and thrive in a more competitive and increasing market climate.

Manufacturing locally to reduce operating costs is an effective business strategy manufacturers use in the worldwide Micropump Material industry to serve clients and expand the market sector. The Micropump Material industry has recently provided some of the most important benefits. LEE Ventus (previously TTP Ventus) , LEE Plug and other major competitors in the Micropump Material market seek to improve market demand by investing in R&D efforts.

The Lee Plug, a device created to meet a specific client need, was the Lee Company's first product. They have continued producing and developing new, inventive, and pioneering solutions to customers' concerns in the 70+ years since this creation.They are the original creators of hundreds of unique tiny fluid control products and technologies that have been - and continue to be - used in everything from automobiles and planes to medical gadgets that assist in identifying and curing ailments. They also play crucial roles in satellites hundreds of miles away in orbit and oil wells kilometers below the earth's surface. The Lee Company takes pleasure in addressing our industry's most difficult difficulties. In March 2020, The Lee Company collaborated with General Motors and Ventec Life Systems to mass-produce crucial COVID-19 ventilators. In just 154 days, the firms supplied 30,000 V+ Pro ventilators. More diagnostics and other emergency care services were necessary as the number of patients increased.

In Cambridge, UK, LEE Ventus (previously TTP Ventus) manufactures and tests the Disc Pump family of multi-award-winning piezoelectric micropumps. LEE Ventus is a division of The Lee Company, a leading precision fluidics company headquartered in Connecticut, USA.Their pumps provide high pressure and flow, silent operation, quick reaction time, accuracy, and ultra-smooth flow in a small compact. Their objective is to deliver high-performance products and great development support to clients to promote innovation across industries ranging from medical and life sciences to environmental and industrial via advancements in wearability, portability, and simplicity. In June 2019, TTP Ventus Ltd. has introduced a new line of pumps that improve performance by offering higher flow rates, higher pressures, and longer lives. This brings up new opportunities for product creation in areas such as microfluidics research, medical diagnostics, therapeutic devices, and wearables.

Key Companies in the Micropump market include

• Advanced Microfluidics


• Alldoo Micropump


• Microfluidica LLC


• Servoflo Corporation


• Takasago Electric, Inc.


• TOPS Industry & Technology Co. Ltd


• World Precision Instrument


• Xavitech


• Christian Bürkert GmbH & Co. KG


• Hargraves Technology Corporation (Parker)


• Longer Precision Pump Co. Ltd


• Calon Cardio


• CircuLite Inc.

Micropump Industry Developments

March 2022 Medtronic plc has announced the availability of the MiniMed 780G system in India. The MiniMed 780G system is a next-generation closed-loop insulin pump device used to treat type 1 diabetes in patients aged 7 to 80. The device, which incorporates the company's most sophisticated SmartGuard technology, automates the delivery of both basal insulin and corrective boluses every five minutes, allowing people with diabetes to avoid highs and lows with more ease.

January 2022 Bartels Mikrotechnik GmbH, Inc introduced the mp6 family of micro-pumps. The mp6 series includes the mp6-Liq, mp6-gas, and mp6-gas+ models.

Micropump Market Segmentation

Micropump Product Type Outlook

• Mechanical Micropump


• Piezoelectric Micropump


• Syringe Pump


• Peristaltic Pump


• Non-Mechanical Micropump

Micropump Material Outlook

• Polymer


• Glass


• Silicon

Micropump Application Outlook

• Drug Delivery Systems


• Medical Device


• In-Vitro Diagnostics

Micropump End User Outlook

• Biotechnology and Pharmaceutical Companies


• Hospitals and Diagnostic Centers


• Research Institutes

Micropump Regional Outlook

• 
  North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• 
  Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• 
  Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  


• 
  Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America