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Future of Micropump Market: Size, Share & Forecasts to 2029
Micropump
What Is the Projected Market Size Valuation of the Micropump Market by 2025?
In recent times, the size of the micropump market has experienced swift expansion. It is projected to rise from $2.00 billion in 2024 to $2.32 billion in 2025, embodying a compound annual growth rate (CAGR) of 16.2%. The surge during the historic period is tied to the growing need for drug delivery systems, the prevalence of miniaturization in medical and industrial tools, increased use in biotechnological and pharmaceutical research, rising funding in point-of-care diagnostics (PoC), and the escalating occurrence of chronic diseases.
What Is the Estimated Market Growth Value for the Micropump Industry in 2029?
The micropump market is projected to experience a considerable expansion in the coming years, with estimates suggesting a rise to $4.19 billion by 2029, demonstrating a compound annual growth rate (CAGR) of 15.9%. Several factors are contributing to this anticipated growth during the forecast period, such as an intensified focus on precision and regulated fluid delivery, enhancements in healthcare infrastructure, the increasing application of micropumps in industrial automation, surging demand for non-invasive surgical apparatus, and escalating needs in environmental monitoring systems. Major upcoming trends in the forecast period encompass the merging of technologies in microfluidics and lab-on-chip platforms, progress in battery and energy-saving electronics, advances in additive manufacturing and 3D printing, technological augmentations in the field of material science, and innovations in wearable and implantable device engineering.
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What Are the Growth Drivers and Opportunities in the Micropump Market?
The increase in the occurrence of heart-related disorders is predicted to drive the micropump market's expansion in the future. Cardiovascular diseases, a range of ailments that impact the heart and blood vessels and include conditions like coronary artery disease, heart failure, stroke, and hypertension, are becoming more common due to inactive lifestyles. These lifestyles result in obesity, high blood pressure, and other contributing factors that elevate heart problem risks. Micropumps provide a solution to these diseases by allowing for the precise and constant dispensation of medications like anticoagulants or antihypertensives, which help balance blood pressure and minimize the likelihood of heart attacks or strokes. For example, data from the American Heart Association, a non-profit organization based in the US, showed that in January 2024, the age-adjusted mortality rate due to cardiovascular disease increased by 4.0% to 233.3 per 100,000 from 224.4 per 100,000 in 2023. As a result, the escalating occurrence of heart-related diseases is pushing the growth of the micropump market.
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What Are the Primary Segments Covered in the Global Micropump Market Report?
The micropump market covered in this report is segmented -
1) By Product Type: Mechanical Micropump, Piezoelectric Micropump, Syringe Pump, Peristaltic Pump, Non-Mechanical Micropump
2) By Material: Polymers, Ceramics, Metals
3) By Application: Medical Device, Drug Delivery, In-Vitro Diagnosis, Other Applications
4) By End User: Hospitals And Diagnostic Centers, Biotechnology And Pharmaceutical Companies, Academic And Research Institutes
Subsegments:
1) By Mechanical Micropump: Thermopneumatic Micropump, Shape Memory Alloy (SMA)-Based Micropump, Electromagnetic Micropump
2) By Piezoelectric Micropump: Single-Chamber Piezoelectric Micropump, Multi-Chamber Piezoelectric Micropump
3) By Syringe Pump: Infusion Syringe Micropump, Withdrawal Syringe Micropump, Dual-Mode Syringe Micropump
What Are the Top Growth Trends in the Micropump Market?
Leading businesses in the micropump industry are concentrating on the development of ground-breaking solutions, such as single-use precision micropumps, to increase precision, dependability, and effectiveness in fluid management across a range of applications. Single-use precision micropumps are compact, disposable devices created to accurately control and dispense specific volumes of liquids for a single use or process. For example, in November 2023, PSG Biotech, an American company specializing in unique flow-control solutions, introduced the Quattroflow QB2-Standard (QB2-SD) Single-Use Precision Micropump, the smallest model in its QB Series. This small, portable rotary microdosing pump provides extremely precise dosing with a resolution of at least 25 μL and flow rates reaching 2.7 liters per hour. It's designed for the careful transfer of biologics and is perfect for use in cell and gene therapy, lab tasks, and small-scale bioprocessing. The pump incorporates a positive displacement rotary mechanism for accurate, sensor-free flow control and supports bi-directional flow, self-priming, and high vacuum operation.
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Which Companies Are Shaping the Future of the Micropump Market?
Major companies operating in the micropump market are Parker-Hannifin Corporation, IDEX Corporation, Takasago International Corporation, Christian Bürkert GmbH & Co. KG, Alldoo Micropump Co. Ltd., Shinano Kenshi Co. Ltd., The Lee Company, KNF Neuberger Inc., Nitto Kohki Co. Ltd., Enomoto Micro Pump Mfg. Co. Ltd., TOPS Industry & Technology Co. Ltd., Gotec SA, Boréas Technologies Inc., Bartels Mikrotechnik GmbH, Fluigent Inc., HeYi Precision Pump Co. Ltd., microfluidic ChipShop GmbH, Sandur Fluid Controls Pvt. Ltd., TCS Micropump Ltd., Xavitech AB, BODENFLO Co. Ltd., Changzhou Yuanwang Fluid Technology Co. Ltd., Xiamen AJK Technology Co. Ltd.
Which Region Holds the Largest Market Share in the Micropump Industry?
North America was the largest region in the micropump market in 2024. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the micropump market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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