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Global Micropump Market Size, Share, Trends, Forecast: By Type: Mechanical Micro Pump, Non-Mechanical Micro Pump; By Material: Polymer, Glass, Silicon; By Application: Drug Delivery Systems, Medical Device, In-Vitro Diagnostics; By End Use; Regional Analysis; Market Dynamics: SWOT Analysis; Competitive Landscape; 2023-2028
Global Micropump Market Outlook
The global micropump market size attained a value of approximately USD 1.86 billion in 2022. The market is further estimated to grow at a CAGR rate of 17.70% in the forecast period of 2023-2028, reaching a value of around USD 4.95 billion by 2028.
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
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| 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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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Micropump Market Analysis
8.1 Key Industry Highlights
8.2 Global Micropump Historical Market (2018-2022)
8.3 Global Micropump Market Forecast (2023-2028)
8.4 Global Micropump Market by Type
8.4.1 Mechanical Micro Pump
8.4.1.1 Historical Trend (2018-2022)
8.4.1.2 Forecast Trend (2023-2028)
8.4.1.3 Breakup by Type
8.4.1.3.1 Piezoelectric Micro Pump
8.4.1.3.2 Syringe Pump
8.4.1.3.3 Peristaltic Pump
8.4.2 Non-Mechanical Micro Pump
8.4.2.1 Historical Trend (2018-2022)
8.4.2.2 Forecast Trend (2023-2028)
8.5 Global Micropump Market by Material
8.5.1 Polymer
8.5.1.1 Historical Trend (2018-2022)
8.5.1.2 Forecast Trend (2023-2028)
8.5.2 Glass
8.5.2.1 Historical Trend (2018-2022)
8.5.2.2 Forecast Trend (2023-2028)
8.5.3 Silicon
8.5.3.1 Historical Trend (2018-2022)
8.5.3.2 Forecast Trend (2023-2028)
8.6 Global Micropump Market by Application
8.6.1 Drug Delivery Systems
8.6.1.1 Historical Trend (2018-2022)
8.6.1.2 Forecast Trend (2023-2028)
8.6.2 Medical Devices
8.6.2.1 Historical Trend (2018-2022)
8.6.2.2 Forecast Trend (2023-2028)
8.6.3 In-Vitro Diagnostics
8.6.3.1 Historical Trend (2018-2022)
8.6.3.2 Forecast Trend (2023-2028)
8.7 Global Micropump Market by End Use
8.7.1 Biotechnology and Pharmaceutical Companies
8.7.1.1 Historical Trend (2018-2022)
8.7.1.2 Forecast Trend (2023-2028)
8.7.2 Hospitals and Diagnostic Centres
8.7.2.1 Historical Trend (2018-2022)
8.7.2.2 Forecast Trend (2023-2028)
8.7.3 Research Institutes
8.7.3.1 Historical Trend (2018-2022)
8.7.3.2 Forecast Trend (2023-2028)
8.8 Global Micropump Market by Region
8.8.1 North America
8.8.1.1 Historical Trend (2018-2022)
8.8.1.2 Forecast Trend (2023-2028)
8.8.2 Europe
8.8.2.1 Historical Trend (2018-2022)
8.8.2.2 Forecast Trend (2023-2028)
8.8.3 Asia Pacific
8.8.3.1 Historical Trend (2018-2022)
8.8.3.2 Forecast Trend (2023-2028)
8.8.4 Latin America
8.8.4.1 Historical Trend (2018-2022)
8.8.4.2 Forecast Trend (2023-2028)
8.8.5 Middle East and Africa
8.8.5.1 Historical Trend (2018-2022)
8.8.5.2 Forecast Trend (2023-2028)
9 North America Micropump Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
10 Europe Micropump Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 France
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Micropump Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 India
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Historical Trend (2018-2022)
11.4.2 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Historical Trend (2018-2022)
11.5.2 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Micropump Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Historical Trend (2018-2022)
12.3.2 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Micropump Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2022)
13.1.2 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2022)
13.2.2 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Historical Trend (2018-2022)
13.3.2 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Historical Trend (2018-2022)
13.4.2 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Trade Data Analysis (HS Code – 8414)
16.1 Major Exporting Countries
16.1.1 By Value
16.1.2 By Volume
16.2 Major Importing Countries
16.2.1 By Value
16.2.2 By Volume
17 Price Analysis
18 Competitive Landscape (The list of players in the competitive landscape section can be customised or made more exhaustive based on your specific requirements.)
18.1 Market Structure
18.2 Company Profiles
18.2.1 LEE Ventus Limited
18.2.1.1 Company Overview
18.2.1.2 Product Portfolio
18.2.1.3 Demographic Reach and Achievements
18.2.1.4 Certifications
18.2.2 Micropump Inc.
18.2.2.1 Company Overview
18.2.2.2 Product Portfolio
18.2.2.3 Demographic Reach and Achievements
18.2.2.4 Certifications
18.2.3 Bartels Mikrotechnik GmbH
18.2.3.1 Company Overview
18.2.3.2 Product Portfolio
18.2.3.3 Demographic Reach and Achievements
18.2.3.4 Certifications
18.2.4 Xavitech Micropumps AB
18.2.4.1 Company Overview
18.2.4.2 Product Portfolio
18.2.4.3 Demographic Reach and Achievements
18.2.4.4 Certifications
18.2.5 Takasago Electric, Inc.
18.2.5.1 Company Overview
18.2.5.2 Product Portfolio
18.2.5.3 Demographic Reach and Achievements
18.2.5.4 Certifications
18.2.6 World Precision Instruments, LLC
18.2.6.1 Company Overview
18.2.6.2 Product Portfolio
18.2.6.3 Demographic Reach and Achievements
18.2.6.4 Certifications
18.2.7 Alldoo Micropump Co., Ltd
18.2.7.1 Company Overview
18.2.7.2 Product Portfolio
18.2.7.3 Demographic Reach and Achievements
18.2.7.4 Certifications
18.2.8 Fluigent S.A.
18.2.8.1 Company Overview
18.2.8.2 Product Portfolio
18.2.8.3 Demographic Reach and Achievements
18.2.8.4 Certifications
18.2.9 Servoflo Corporation
18.2.9.1 Company Overview
18.2.9.2 Product Portfolio
18.2.9.3 Demographic Reach and Achievements
18.2.9.4 Certifications
18.2.10 TOPS Industry & Technology Co., Ltd.
18.2.10.1 Company Overview
18.2.10.2 Product Portfolio
18.2.10.3 Demographic Reach and Achievements
18.2.10.4 Certifications
18.2.11 Other
19 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Micropump Market: Key Industry Highlights, 2018 and 2028
2. Global Micropump Historical Market: Breakup by Type (USD Million), 2018-2022
3. Global Micropump Market Forecast: Breakup by Type (USD Million), 2023-2028
4. Global Micropump Historical Market: Breakup by Material (USD Million), 2018-2022
5. Global Micropump Market Forecast: Breakup by Material (USD Million), 2023-2028
6. Global Micropump Historical Market: Breakup by Application (USD Million), 2018-2022
7. Global Micropump Market Forecast: Breakup by Application (USD Million), 2023-2028
8. Global Micropump Historical Market: Breakup by End Use (USD Million), 2018-2022
9. Global Micropump Market Forecast: Breakup by End Use (USD Million), 2023-2028
10. Global Micropump Historical Market: Breakup by Region (USD Million), 2018-2022
11. Global Micropump Market Forecast: Breakup by Region (USD Million), 2023-2028
12. North America Micropump Historical Market: Breakup by Country (USD Million), 2018-2022
13. North America Micropump Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Europe Micropump Historical Market: Breakup by Country (USD Million), 2018-2022
15. Europe Micropump Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Asia Pacific Micropump Historical Market: Breakup by Country (USD Million), 2018-2022
17. Asia Pacific Micropump Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Latin America Micropump Historical Market: Breakup by Country (USD Million), 2018-2022
19. Latin America Micropump Market Forecast: Breakup by Country (USD Million), 2023-2028
20. Middle East and Africa Micropump Historical Market: Breakup by Country (USD Million), 2018-2022
21. Middle East and Africa Micropump Market Forecast: Breakup by Country (USD Million), 2023-2028
22. Major Exporting Countries by Value
23. Major Importing Countries by Value
24. Major Exporting Countries by Volume
25. Major Importing Countries by Volume
26. Global Micropump Market Structure
Key Questions Answered in the Report
In 2022, the market reached an approximate value of USD 1.86 billion.
The market is expected to grow at a CAGR of 17.70% between 2023 and 2028.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028, reaching a value of around USD 4.95 billion by 2028.
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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