Micro-pumps Market Size To Reach $6.79 Billion By 2030

Micro-pumps Market Growth & Trends

The global micro-pumps market size is estimated to reach USD 6.79 billion by 2030, expanding at a CAGR of 17.7% from 2024 to 2030, according to a new report by Grand View Research, Inc. Increasing demand for Point-Of-Care-Testing (POCT) kits, rising awareness of controlled drug delivery systems, increasing miniaturization of medical devices, and increase in the research and development of pharmaceutical companies, are expected to drive the market.

In the product segment, the mechanical micro-pumps segment that dominated the market in 2021 is expected to serve as a key revenue-generating product owing to their extensive use in microfabrication technology and the rise in microfluidics research. Drug Delivery held a lucrative share in the application segment and is expected to grow substantially. The rising adoption of implanted drug delivery systems and medical devices, as well as the increasing research in the field of drug delivery, supported the growth of this segment. For instance, Sensile AG (A Subsidiary of Gerresheimer) Medical announced it had developed a wearable micro-pump for a European pharmaceutical company that is designed to treat Parkinson’s disease.

The onset of the pandemic positively affected the medical devices market by the end of 2020. The use of Micro-pumps in biomedical and pharmaceutical research for Covid-19 treatments increased. Individuals with chronic diseases required frequent monitoring of vital signs from time to time which led to the adoption of Point-Of-Care-Testing (POCT) kits. Even after the pandemic, there is a rise in the adoption of POCT kits at hospitals, clinics, and homes and hence, they are expected to support the growth of the market.

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Micro-pumps Market Report Highlights

• The mechanical micro-pumps segment held 56.2% of the revenue share in 2023 owing to its extensive use in microfabrication technology, miniaturization of devices, and microfluidics

• The drug delivery segment is projected to grow fast over the forecast period owing to the rise in the use of micro-pumps for the production of implanted drug delivery systems

• The biotechnology and pharmaceutical companies segment held the largest revenue share in the global micro-pumps market in 2023 owing to the increasing demand for research and development.

• North America micro-pumps market held a 49.8% revenue share in 2023 attributed to the region’s advanced healthcare infrastructure, high adoption rate of innovative technologies, and substantial investments in research and development.

Micro-pumps Market Segmentation

Grand View Research has segmented the global micro-pumps market based on product, application, and end use:

Micro-pumps Product Outlook (Revenue, USD Million, 2018 - 2030)

• Mechanical

• Non-mechanical

Micro-pumps Application Outlook (Revenue, USD Million, 2018 - 2030)

• Drug Delivery

• In-vitro Diagnostics

• Medical Devices

• Others

Micro-pumps End-use Outlook (Revenue, USD Million, 2018 - 2030)

• Biotechnological & Pharmaceutical Companies

• Hospitals & Diagnostic Centers

• Academic & Research Institutes

Micro-pumps Regional Outlook (Revenue, USD Million, 2018 - 2028)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • UK

  • Germany

  • France

  • Italy

  • Spain

  • Denmark

  • Sweden

  • Norway

• Asia Pacific

  • Japan

  • China

  • India

  • Thailand

  • South Korea

  • Australia

• Latin America

  • Brazil

  • Argentina

• Middle East & Africa

  • South Africa

  • Saudi Arabia

  • UAE

  • Kuwait

List of Key Players in Micro-pumps Market

• Bartels Mikrotechnik GmbH

• Bürkert Fluid Control Systems

• TOPS INDUSTRY & TECHNOLOGY CO., LTD.

• The Lee Company

• Xiamen AJK Technology Co., Ltd.

• Xavitech

• ALLDOO Micropump

• Servoflo Corporation

• Dolomite Microfluidics (Backtrace Holdings Ltd.)

• TTp ventus

• Arcmed Group (Halma)