Global Micro-pumps Market Size study, by Product (Mechanical, Non-mechanical), By Application (Drug Delivery, In-Vitro Diagnostics, Medical Devices, Others), By End-use (Biotechnological & Pharmaceutical Companies, Hospitals & Diagnostic Centers, Academic

Global Micro-pumps Market Size study, by Product (Mechanical, Non-mechanical), By Application (Drug Delivery, In-Vitro Diagnostics, Medical Devices, Others), By End-use (Biotechnological & Pharmaceutical Companies, Hospitals & Diagnostic Centers, Academic & Research Institutes) and Regional Forecasts 2022-2028

Global Micro-pumps Market is valued approximately USD 1.60 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 17.4% over the forecast period 2022-2028. Micropumps are tiny fluid volume control and manipulation devices. The increasing number of pharmaceutical enterprises, increased research and development in life sciences, the creation and implementation of clinical testing, and the widespread usage of the micro-pump in infusion treatment are the primary drivers driving the lucrative market expansion. Micro-Pumps have grown rapidly as a result of research into numerous approaches, the availability of raw materials needed for manufacture, and advancements in digital and electronic capabilities. Furthermore, the number of innovations in this product category has increased, which is supporting the rise of items in this area. The increased incidence of chronic disorders such as diabetes, cancer, ischemic heart disease (IHD), and the growing elderly population are likely to aid in market advancement. According to the Centers for Disease Control and Prevention, around 659,000 individuals in the United States die from heart disease each year, accounting for one out of every four fatalities. One of the most important uses of medication administration using infusion pumps is insulin delivery and blood glucose control. As per a 2021 study published by MDPI, The piezoelectric micro diaphragm pump was found to be effective and well suited for medication delivery applications in. The demand for micro-pumps escalated due to the onset of Covid-19 in 2020 as the Pumps were used in emergency care devices like ventilators, nebulizers, etc. There was a rapid increase in the number of patients admitted in the hospitals due to critical health conditions especially during the second wave of Covid-19 pandemic. In March 2020, The Lee Company partnered with GM and Ventec life systems to mass-produce, critically needed ventilators to fight the Covid-19 pandemic. The companies together delivered 30,000 V+ Pro ventilators in just 154 days. The increasing number of patients required more tests and other emergency care services. Hence, the increased demand for such devices and test kits during the Covid-19 pandemic indirectly led to the growth of the market. However, high cost of product impedes the growth of the market over the forecast period of 2022-2028.

The key regions considered for the Global Micro-pumps Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America emerged as the market leader. High buying power, strong government support for quality healthcare, the existence of high-quality infrastructure for clinical and laboratory research, and widespread acceptance of technologically sophisticated goods are just a few of the factors propelling regional market growth. Because of its increasing quality healthcare infrastructure, competent workforce, increasing awareness of healthcare products, rise in point-of-care diagnostic centres, and rigorous research and development initiative, Asia Pacific is expected to be the fastest-growing market over the forecast period.

Major market player included in this report 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
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product:
Mechanical
Non-mechanical
By Application:
Drug Delivery
In-Vitro Diagnostics
Medical Devices
Others
By End-use:
Biotechnological & Pharmaceutical Companies
Hospitals & Diagnostic Centers
Academic & Research Institutes
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028

Target Audience of the Global Micro-pumps Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

Companies Mentioned

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

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