The global micro-pumps market size is expected to reach USD 6.8 billion by 2030, registering 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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Mechanical micropumps segment held the highest revenue market share of 56.1% in 2023. Mechanical micropumps provide a cost-effective solution compared to other types of micropumps which increases the demand.
The Drug Delivery segment held the highest revenue market share in 2023, accounting for around 32.6% of the market share. Continuous technological advancements in micro-pump design, including miniaturization, wireless connectivity, and integration with smart devices, are enhancing their functionality and demand in drug delivery applications.
Biotechnology & pharmaceutical companies segment held the highest market revenue share in the forecasted period. Biotechnology and pharmaceutical companies intensively invest in research and development to advance micro-pump technologies, driven by the need to enhance reliability, efficiency, and compatibility with a wide array of drugs.
North America micro-pumps market held the largest market revenue share of 49.8% in 2023. High healthcare expenditure in North America is driving investments towards advanced diagnostic technologies and infrastructure within cancer diagnostic centers.
Grand View Research has segmented global micro-pumps market report based on product, application, end-use, and region:
Micro-pumps Product Outlook (Revenue, USD Million, 2020 - 2030)
Mechanical
Piezoelectric Micro-pump
Peristaltic Pump
Others
Non-mechanical
Micro-pumps Application Outlook (Revenue, USD Million, 2020 - 2030)
Drug Delivery
In-vitro Diagnostics
Medical Devices
Others
Micro-pumps End-use Outlook (Revenue, USD Million, 2020 - 2030)
Biotechnological & Pharmaceutical Companies
Hospitals & Diagnostic Centers
Academic & Research Institutes
Micro-pumps Regional Outlook (Revenue, USD Million, 2020 - 2030)
North America
U.S.
Canada
Mexico
Europe
Italy
U.K.
Germany
France
Spain
Asia Pacific
China
Japan
India
Australia
South Korea
Latin America
Brazil
Argentina
Middle East & Africa
South Africa
Saudi Arabia
UAE
List of Key Players of 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
Dolomite Microfluidics (Backtrace Holdings Ltd.)
Arcmed Group (Halma)
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