The increasing demand for smaller, portable and efficient devices across various industries, especially in medical and healthcare applications, is driving the need for micropumps.
WILMINGTON, Del. , July 24, 2024 /PRNewswire/ — The micropump market is projected to reach USD 1.9 billion in 2023. It is likely to gain a CAGR of 18.7% from 2024 to 2034, by which time the market is expected to reach USD 12.4 billion.
Innovations in micropump technology, including the development of more efficient, reliable, and cost-effective pumps, are contributing to the growth of the market. Significant investments in research and development by major market players and academic institutions are leading to new applications and improved performance of micropumps.
Wearable health monitoring and treatment devices incorporating micropumps are becoming increasingly popular and are a major market trend. Integrating micropumps with IoT for remote monitoring and control is expanding their capabilities and scope of application.
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Micropumps are increasingly being used in environmental monitoring and energy applications such as fuel cells and energy harvesting systems. The development of smart micropumps with advanced features such as self-control, improved precision and integration with digital health systems is opening new avenues for market expansion.
The rise in chronic diseases such as diabetes, cardiovascular and respiratory diseases requires precise and reliable drug delivery mechanisms, which is driving the micropump market. Continuous improvements in the performance, efficiency and reliability of micropumps make them more attractive for a variety of applications.
Government grants and funding for medical device and microfluidic technology research are driving the development and commercialization of micropumps. There is a trend towards customization and personalization of micropumps to meet specific patient needs in medical applications.
Micro Pumps Market Report Coverage:
Report Scope
detail
Forecast Period
2024-2034
Base year
2020-2022
Size in 2023
US$1.9 billion
2034 forecast (value)
US$12.4 billion
Growth Rate (CAGR)
18.7%
number of pages
Page 133
Target segments
By product type, material, application, end user, region
Micropump market: key players
The micro pump market is highly competitive, with companies constantly working to innovate and expand their market presence. Focus on technological advancements, strategic partnerships, and regional expansion are key strategies that will shape the future growth and trends of the market. The following companies are well-known in the micro pump market:
LEE Ventus Limited Sensile Medical AG Cole-Parmer India iDEX Dolomite Microfluidics Gardner Denver Takasago Fluidic Systems Halma Plc Servoflo Corporation
Major developments
In 2023, PSG Biotech introduces the new Quattroflow® QB2-Standard (QB2-SD) single-use precision micropump. The Quattroflow pump line expands with the introduction of the QB2-SD, the first QB series micropump. This model is the smallest in the series of single-use, lightweight and compact rotary microdosing pumps designed for precision transfer of delicate biologics. The QB2-SD boasts a minimum resolution of 25 μl and can achieve flow rates of up to 2.7 liters/hour (91.3 fluid ounces/hour), making it ideal for liquid handling operations that require accurate and gentle dosing. Applications include cell and gene therapy, laboratory work, and small-scale upstream and downstream processes.
Key findings of the market report
The shift towards home healthcare and point-of-care testing is creating huge opportunities for the application of micropumps in portable diagnostic and therapeutic devices. Micropumps are used in precision agriculture for the controlled delivery of nutrients and pesticides, providing new avenues for market growth. The need for efficient cooling solutions in the microelectronics and semiconductor industries is driving the demand for micropumps designed for thermal management. The automotive and aerospace sectors are increasingly adopting micropumps for a variety of applications, including fluid control systems and fuel management.
Micropump market trends
By product type, the piezoelectric micropump segment is expected to drive the growth of the micropump market. Piezoelectric micropumps offer exceptional precision and accuracy in fluid handling, making them ideal for applications requiring precise dosing, such as in the medical and pharmaceutical industries. Micropumps can handle a wide range of fluids, including both liquids and gases of various viscosities, enhancing their applicability in various fields such as diagnostics, drug delivery, and industrial processes. Piezoelectric micropumps are known for their energy efficiency, which is important for portable and battery-powered devices. This characteristic is particularly important for wearable medical devices and other mobile applications. On a material basis, the silicone segment is expected to drive the market growth. Silicon micropumps offer superior mechanical strength and stability, making them suitable for high-pressure applications, ensuring durability and reliability.
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Global Micropump Market: Regional Outlook
North America
North America has a highly developed healthcare infrastructure, facilitating the rapid adoption of advanced medical technologies, such as micropumps for drug delivery and diagnostic applications. The prevalence of chronic diseases such as diabetes, cardiovascular disease and cancer in the region requires advanced drug delivery systems and point-of-care diagnostic devices that often utilize micropumps.
Asia Pacific
The Asia Pacific region is home to numerous leading research institutes and companies that are investing heavily in research and development, leading to continuous innovation and advancements in micropump technology. Government commitment and funding for healthcare advancements and medical device innovations are driving the development and adoption of micropump technology.
Micropump Market Segmentation
Product Type
Mechanical micropumps Piezoelectric micropumps Peristaltic micropumps Others (syringe pumps, etc.) Non-mechanical micropumps
material
application
Drug Delivery In Vitro Diagnostics Medical Devices Others
End-user
Biopharmaceutical companies Hospitals and diagnostic centers Academic research institutes
region
North America Latin America Europe Asia Pacific Middle East & Africa
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