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.

COVID-19 Impact on the Global Micro Pumps Market

The COVID-19 pandemic's influence on soil fertility is caused by human activities such as farmers' late fertilizer application. Expanding existing measures to boost agricultural input usage efficiency, particularly fertilizer, is critical to expanding using sensor and satellite technologies. During the COVID-19 epidemic, the influence of mineral fertilizer omissions on soil and production function is the most important component of agriculture to examine. Nitrogen (N) and phosphorus (P), two vital plant nutrients for crops, must be thoroughly investigated. Sustainable nutrient management refers to using micronutrients to restore the nutrients removed by crop harvest. The border blockade and shutdown prohibit fertilizer imports. One of the most important drug delivery applications via infusion pumps is insulin delivery and blood glucose management. The piezoelectric micro diaphragm pump was effective and well suited for drug delivery applications in a 2021 study published by MDPI.

Global Micro Pumps Market Dynamics

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.

The government's strict import and export regulations will limit the growth of the micro pump market. Micro pumps' geometric and chemistry surface issues will also slow market growth. Lack of awareness about micro pumps in developing economies will further inhibit the market growth.

Rising awareness of the benefits of particular drug delivery medical devices is driving up demand for micro pumps, particularly in developing countries. Rising R&D capabilities in micro pump development will create even more lucrative growth opportunities for the micro pump market. The rising prevalence of chronic and fatal diseases, combined with an aging population, will drive the growth of the micro pump market.

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

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)

Key Issues Addressed

• What is the market size by various segmentation of the micro pumps by region and its respective countries?
• What are the customer buying behavior, key takeaways, and Porter's 5 forces of the micro pumps market?
• What are the key opportunities and trends for manufacturers involved in the micro pumps supply chain?
• What are the fundamental dynamics (drivers, restraints, opportunities, and challenges) of the market?
• What and how regulations, schemes, patents, and policies are impacting the growth of the market?
• What are the upcoming technological solutions influencing market trends? How will existing companies adapt to the new change in technology?
• The market player positioning, top winning strategies by years, company product developments, and launches will be?
• How has COVID-19 impacted the demand and sales of micro pumps in the global market? Also, the expected BPS drop or rise count of the market and market predicted recovery period.
• Detailed analysis of the competitors and their latest launch, and what are the prominent startups introduced in the target market? Also, detailed company profiling of 25+ leading and prominent companies in the market.