According to the Market Statsville Group (MSG), the global Micro Pumps Market size is expected to grow from USD 1,925.7 million in 2022 to USD 11,035.6 million by 2033, at a CAGR of 17.2% from 2023 to 2033.
Micro pumps are medical devices that control and manipulate small volumes of fluid. Micro pumps have functional dimensions in the micrometer range and operate on a different principle than traditional pumps such as centrifugal and axial pumps. Apart from delivering precise medication dosages, micro pumps are used in various applications such as mixing small amounts of fluids and transporting fluids from one location to another.
Global Micro Pumps Market Definition
The increasing number of pharmaceutical industries, increased research and development in life sciences, the development and adoption of clinical tests, and the widespread use of the micro-pump in infusion therapy are the key drivers driving the lucrative market growth. Micro-Pumps have evolved rapidly due to research into various techniques, the availability of raw materials needed for production, and advancements in digital and electronic capabilities. Furthermore, the number of innovations in this product category has increased, fueling the growth of products in this category.
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Scope of the Global Micro Pumps Market
The study categorizes the micro pumps market based on product, end-use, and application at regional and global levels.
By Product Outlook (Sales, USD Million, 2019-2033)
Mechanical
Non-mechanical
By Application Outlook (Sales, USD Million, 2019-2033)
Soil
Drug Delivery
In-vitro Diagnostics
Medical Devices
Others
By End-use Outlook (Sales, USD Million, 2019-2033)
Biotechnological & Pharmaceutical Companies
Hospitals & Diagnostic Centers
Academic & Research Institutes
By Region Outlook (Sales, USD Million, 2019-2033)
North America
US
Canada
Mexico
Europe
Germany
Italy
France
UK
Spain
Poland
Russia
The Netherlands
Norway
Czech Republic
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Indonesia
Malaysia
Thailand
Singapore
Australia & New Zealand
Rest of Asia Pacific
South America
Brazil
Argentina
Colombia
Rest of South America
The Middle East & Africa
Saudi Arabia
UAE
South Africa
Northern Africa
Rest of MEA
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Biotechnological and pharmaceutical companies segment accounts for the largest market share by End-use
Based on the form, the global micro pumps market has been categorized into biotechnological & pharmaceutical companies, hospitals & diagnostic centers, and academic & research institutes. In 2022, the biotechnological and pharmaceutical companies segment had the highest revenue share. Micro-Pumps are required by these companies for infusion therapies, biomedical research, and research therapies such as vaccines. As per the Congressional Budget Office’s April 2021 report, the pharmaceutical industry spent USD 83 billion on R&D in 2019. In addition, the number of new drugs approved increased by 60% between 2010 and 2019. As a result, increased R&D has resulted in increased demand for micro-Pumps, contributing to the market share of biotechnological and pharmaceutical companies.
North America accounts for the largest market share by Region
Based on the regions, the global micro pumps market has been segmented across North America, Asia-Pacific, Europe, South America, and the Middle East & Africa. North America dominated the micro-pumps market revenue in 2022. High purchasing power, strong government support for quality healthcare, high-quality clinical and laboratory research infrastructure, and widespread adoption of technologically advanced products are just a few of the factors propelling the regional market growth. Furthermore, increased government support for medical devices and their approvals in this region has aided the regional market’s growth. Similarly, beneficial government initiatives to support research and development in the relevant industry are increasing the use of devices made with micro-pumps, thereby boosting the market growth. As a result, such market trends are likely to assist North America is dominating the overall market.
Competitive Landscape – Global Micro Pumps Market
The global micro pumps market is highly competitive, with key industry players adopting strategies such as product development, partnerships, acquisitions, agreements, and expansion to strengthen their market positions. Most companies in the market are indulged in expanding business across regions, enhancing their capabilities, and molding strong partner relations.
Major players in the global micro pumps market are:
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)
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