Micro Pump Market Report 2024 (Global Edition)

Global Micro Pump Market Report 2024 Market Size Split by Product Type (Mechanical Micropump, Piezoelectric Micropump, Peristaltic Micropump, Others, Non-mechanical Micropump), by Application (Drug De...

Micro Pump Market Report Description

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Micro Pump Market Insights Video

Competitive Landscape of the Micro Pump Market

The micro pump market in North America is highly competitive, with many national and international companies vying for market dominance through cutting-edge technology and inventiveness. Businesses concentrate on creating tiny, energy-efficient, high-precision micropumps that can be used in a variety of pharmaceutical, diagnostic, and medical device applications. Businesses frequently engage in strategic alliances, mergers, and acquisitions in an effort to broaden their product offerings and customer bases. This industry is driven by continuous innovation and rivalry due to regulatory regulations and the need for smaller solutions.

January 2022: The micro-pumps in the mp6 series were first introduced by Bartels Mikrotechnik GmbH, Inc. The three models in the mp6 series are mp6-Liq, mp6-gas, and mp6-gas+. (Source: https://bartels-mikrotechnik.de/product/mp6-micropumps/) March 2022: The MiniMed 780G system is now available in India, according to a statement from Medtronic plc. Patients with type 1 diabetes ages 7 to 80 years old can be treated with the next-generation closed-loop insulin pump called the MiniMed 780G system. With the help of this gadget, which uses the most advanced SmartGuard technology available from the company, diabetics may more easily avoid highs and lows since it automatically delivers both basal insulin and corrective boluses every five minutes. Source: https://www.businesswireindia.com/medtronic-launches-minimed-780g-system-with-smartguard-technology-to-simplify-type-1-diabetes-management-in-india-77636.html) February 20221: The mp6 family of micro-pumps was introduced by Bartels Mikrotechnik GmbH, Inc. The mp6-Liq, mp6-gas, and mp6-gas+ models are part of the mp6 series. Source: https://bartels-mikrotechnik.de/product/mp6-micropumps/)

Top Companies Market Share in Micro Pump Industry: (In no particular order of Rank)

• 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)
• Confidential Data
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• Data Hidden

*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Micro Pump Market

Which Region Dominates the Micro Pump Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024. North America is using growth inside the micro pump marketplace because of expanded demand for advanced scientific devices and precise drug shipping systems. The region's robust healthcare infrastructure, growing prevalence of persistent diseases, and technological improvements contribute to the growth. Investment in studies and development and improvements in miniaturized devices similarly enhance the market boom in this region.

Which Region is Expanding at the Fastest CAGR?

Asia Pacific stands out as the fastest-growing region in the Micro Pump market. Asia Pacific is expanding its micro pump marketplace through advancements in clinical generation and improved demand for progressive drug delivery answers. The vicinity advantages from a strong healthcare device, regulatory assistance, and a strong emphasis on studies and improvement. This growth is fueled by growing continual disorder incidence and the adoption of superior, miniaturized medical gadgets throughout the Asia Pacific.

The current report Scope analyzes Micro Pump Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Micro Pump Market

According to Cognitive Market Research, the global Micro Pump market size was estimated at USD 1864.5 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 745.80 million in 2024 and will grow at a compound annual growth rate (CAGR) of 16.2% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Micro Pump market with a market size of USD 588.44 million in 2024 and is projected to grow at a CAGR of 16.0% during the forecast period. The nation's medical device innovations.
• The Canada Micro Pump market had a market share of USD 89.50 million in 2024 and is projected to grow at a CAGR of 17.0% during the forecast period. Canada's miniaturization trend.
• The Mexico Micro Pump market is projected to witness growth at a CAGR of 16.7% during the forecast period, with a market size of USD 67.87 million in 2024.

Europe Micro Pump Market

According to Cognitive Market Research, the global Micro Pump market size was estimated at USD 1864.5 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 559.35 million in 2024 and will grow at a compound annual growth rate (CAGR) of 16.5% from 2024 to 2031.

• The United Kingdom Micro Pump market had a market share of USD 93.97 million in 2024 and is projected to grow at a CAGR of 17.3% during the forecast period. In the UK, Micro Pump sales witness an upswing due to the nation's drug delivery advancements.
• The France Micro Pump market is projected to witness growth at a CAGR of 15.7% during the forecast period, with a market size of USD 51.46 million in 2024.
• According to Cognitive Market Research, the German Micro Pump market size was valued at USD 110.75 million in 2024 and is projected to grow at a CAGR of 16.7% during the forecast period. In Germany, Micro Pump surged due to the point-of-care testing growth.
• The Italy Micro Pump market is projected to witness growth at a CAGR of 15.9% during the forecast period, with a market size of USD 48.10 million in 2024.
• The Russia Micro Pump market is projected to witness growth at a CAGR of 15.5% during the forecast period, with a market size of USD 86.70 million in 2024.
• The Spain Micro Pump market is projected to witness growth at a CAGR of 15.6% during the forecast period with a market size of USD 45.87 million in 2024
• The Luxembourg Micro Pump market is projected to witness growth at a CAGR of 16.6% during the forecast period, with a market size of USD 17.34 million in 2024.
• The Portugal Micro Pump market is projected to witness growth at a CAGR of 16.3% during the forecast period, with a market size of USD 11.75 million in 2024.
• The Greece Micro Pump market is projected to witness growth at a CAGR of 16.8% during the forecast period, with a market size of USD 6.71 million in 2024.
• Rest of Europe's Micro Pump market is projected to witness growth at a CAGR of 15.2% during the forecast period, with a market size of USD 86.70 million in 2024.

Asia Pacific Micro Pump Market

According to Cognitive Market Research, the global Micro Pump market size was estimated at USD 1864.5 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 428.84 million in 2024 and will grow at a compound annual growth rate (CAGR) of 20.00% from 2024 to 2031.

• According to Cognitive Market Research, the China Micro Pump market size was valued at USD 192.98 million in 2024 and is projected to grow at a CAGR of 19.5% during the forecast period. Micro Pump surged in China due to the demand for wearable devices.
• The Japan Micro Pump market is projected to witness growth at a CAGR of 18.5% during the forecast period, with a market size of USD 59.18 million in 2024.
• The India Micro Pump market had a market share of USD 51.46 million in 2024 and is projected to grow at a CAGR of 21.8% during the forecast period. healthcare investments.
• The South Korean Micro Pump market is projected to witness growth at a CAGR of 19.1% during the forecast period, with a market size of USD 42.88 million in 2024.
• The Australian Micro Pump market is projected to witness growth at a CAGR of 19.7% during the forecast period, with a market size of USD 22.30 million in 2024.
• The South East Asia Micro Pump market is projected to witness growth at a CAGR of 21.0% during the forecast period, with a market size of USD 29.59 million in 2024.
• The Rest of Asia Pacific Micro Pump market is projected to witness growth at a CAGR of 19.8% during the forecast period, with a market size of USD 30.45 million in 2024.

South America Micro Pump Market

According to Cognitive Market Research, the global Micro Pump market size was estimated at USD 1864.5 Million, out of which the Latin America market has more than 5% share of the global revenue with a market size of USD 93.23 million in 2024 and will grow at a compound annual growth rate (CAGR) of 17.4% from 2024 to 2031. .

• According to Cognitive Market Research, the Brazil Micro Pump market size was valued at USD 39.90 million in 2024 and is projected to grow at a CAGR of 18.0% during the forecast period. Micro Pumps flourished in Brazil due to the aging populations.
• Argentina's Micro Pump market had a market share of USD 15.66 million in 2024 and is projected to grow at a CAGR of 18.3% during the forecast period. Argentina's industrial automation.
• Colombia Micro Pump market is projected to witness growth at a CAGR of 17.2% during the forecast period, with a market size of USD 8.30 million in 2024.
• Peru Micro Pump market is projected to witness growth at a CAGR of 17.6% during the forecast period, with a market size of USD 7.64 million in 2024.
• Chile Micro Pump market is projected to witness growth at a CAGR of 17.7% during the forecast period, with a market size of USD 6.71 million in 2024.
• The Rest of Latin America's Micro Pump market is projected to witness growth at a CAGR of 16.5% during the forecast period, with a market size of USD 15.01 million in 2024.

Middle East and Africa Micro Pump Market

According to Cognitive Market Research, the global Micro Pump market size was estimated at USD 1864.5 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 37.29 million in 2024 and will grow at a compound annual growth rate (CAGR) of 17.7% from 2024 to 2031..

• The GCC Countries Micro Pump market is projected to witness growth at a CAGR of 18.5% during the forecast period, with a market size of USD 15.96 million in 2024. Micro Pump sales flourish due to the environmental monitoring.
• The Egypt Micro Pump market is projected to witness growth at a CAGR of 18.0% during the forecast period, with a market size of USD 3.92 million in 2024.
• The South Africa Micro Pump market is projected to witness growth at a CAGR of 18.7% during the forecast period, with a market size of USD 5.89 million in 2024. Micro Pump sales flourish in South Africa due to precision agriculture advancements.
• The Turkey Micro Pump market is projected to witness growth at a CAGR of 17.2% during the forecast period, with a market size of USD 3.21 million in 2024.
• The Nigeria Micro Pump market is projected to witness growth at a CAGR of 16.8% during the forecast period, with a market size of USD 3.92 million in 2024.
• The Rest of MEA Micro Pump market is projected to witness growth at a CAGR of 16.7% during the forecast period, with a market size of USD 4.40 million in 2024.

Micro Pump Market Analysis

Micro Pump Market Product Type Segment Analysis

According to Cognitive Market Research, Mechanical Micropump stands out as the dominant category over the projected period. Mechanical micropumps are using boom inside the micro pump marketplace because of their reliability, precision, and versatility in numerous programs. These pumps provide advantages in fluid management for clinical devices, car systems, and commercial methods. Their growing adoption is fueled by way of improvements in generation and an increasing call for miniaturized, high-performance fluid control solutions throughout more than one sector.

Non-mechanical Micropump emerges as the fastest-growing category in the Micro Pump market. Non-mechanical micropumps are advancing the micro pump marketplace with their modern design and more desirable overall performance. Utilizing technology like piezoelectric, electrostatic, and peristaltic mechanisms, those pumps offer excessive precision and reliability with fewer moving components. The demand pushes their boom for miniaturized, green fluid coping within clinical devices, analytical instruments, and commercial programs.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Micro Pump Industry. Request a Free Sample PDF!

Micro Pump Market Application Segment Analysis

According to Cognitive Market Research, the dominant category is Drug Delivery. Drug transport systems are extensively expanding the micro-pump market due to the want for particular, controlled medication administration. Micropumps enable correct dosing for various remedies, together with insulin delivery and chemotherapy. Their integration into wearable and implantable devices helps personalised medication, improving patient compliance and outcomes, thereby riding market increase within the healthcare region.

The fastest-growing category in the Micro Pump market is In-vitro Diagnostics. In-vitro diagnostics (IVD) are fueling an increase inside the micro pump marketplace through enhancing the precision and efficiency of diagnostic tests. Micropumps facilitate the correct coping with and analysis of small fluid samples, which is important for tests together with blood assays and chemical analyses. The demand for superior, miniaturized diagnostic gadgets drives innovation and expansion in this market segment.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Micro Pump End-User Segment Analysis

Micro Pump Market End-User Segment Analysis

According to Cognitive Market Research, the dominant category is Biotechnology & Pharmaceutical Companies. Biotechnology and pharmaceutical groups are driving an increase inside the micro pump marketplace by using integrating those gadgets into drug delivery and research programs. Micropumps enable unique fluid management for drug formulations, clinical trials, and bioprocessing. The want for superior, miniaturized solutions in drug development and customized medication helps improve adoption and innovation in this area.

The fastest-growing category in the Micro Pump market is Hospitals & Diagnostic Centers. Hospitals and diagnostic centers are boosting the micro pump marketplace through the adoption of advanced medical technologies. Micropumps are essential for precise drug administration in affected person care and correct fluid coping within diagnostic tests. Their integration into sanatorium systems and diagnostic gadgets complements remedy efficacy and operational performance, riding demand and growth inside the healthcare region.

• Biotechnology & Pharmaceutical Companies
• Hospitals & Diagnostic Centers
• Academic & Research Institutes

Author's Detail

Anushka Gore

Research Associate at Cognitive Market Research

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Anushka Gore is a seasoned market researcher specializing in the dynamic landscape of the Pharmaceutical industry. With a keen analytical mind and a deep passion for healthcare advancements, she has dedicated herself unraveling the intricate market trends and consumer behaviors that shape the future of medical technologies and services.

Author's Conclusion