According to the report by Expert Market Research (EMR), the global Micropump Market Share reached a value of approximately USD 1.86 billion in 2022. Aided by the increasing demand for precision fluid control in various sectors and the expanding applications of micropumps in different industries, the market is projected to further grow at a CAGR of 17.70% between 2023 and 2028 to reach a value of USD 4.95 billion by 2028.
Micropumps are tiny devices designed to accurately control and manipulate small fluid volumes. Their applications range across various fields, including medical and pharmaceutical, chemical processing, microelectronics, and food and beverage sectors. Beyond their precision in fluid handling, micropumps also offer benefits such as low energy consumption, compact design, and integration with microscale systems, making them a vital tool in a plethora of commercial and industrial contexts.
The escalating need for precision fluid control across various industries is driving the global micropump market growth. With the continuous advancements in microtechnology and the growing miniaturisation trend, there has been a significant rise in demand for micropumps, as they provide highly accurate, reliable, and efficient fluidic solutions. Additionally, the surging trend of lab-on-a-chip technology in medical diagnostics has further augmented the popularity of micropumps, facilitating complex biochemical analyses on a single integrated circuit.
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The diversifying applications of micropumps in various sectors significantly contribute to the micropump market demand. In the medical and pharmaceutical industry, micropumps play a critical role in drug delivery systems, enabling accurate dosage control and administration. The microelectronics sector leverages micropumps for cooling and thermal management, essential for maintaining the performance and longevity of electronic components. Furthermore, micropumps’ precise fluid handling capabilities make them indispensable in the food and beverage industry for flavouring, dispensing, and other processing applications, thus propelling the micropump market development.
Moreover, the growing demand for advanced medical technologies for disease diagnosis and treatment has led to an increased focus on micropumps as a fundamental component. With the surge in point-of-care diagnostics and personalised medicine, micropumps have emerged as a critical element in the development of innovative medical devices, thereby stimulating the micropump market expansion.
Micropump Market Segmentation
The market can be divided based on type, material, application, end use, and region.
Market Breakup by Type
- Mechanical Micro Pump
- Piezoelectric Micro Pump
- Syringe Pump
- Peristaltic Pump
- Non-Mechanical Micro Pump
Market Breakup by Material
Market Breakup by Application
- Drug Delivery Systems
- Medical Devices
- In-Vitro Diagnostics
Market Breakup by End Use
- Biotechnology and Pharmaceutical Companies
- Hospitals and Diagnostic Centres
- Research Institutes
Market Breakup by Region
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
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Competitive Landscape of Micropump Market
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global micropump companies. Some of the major key players explored in the report by Expert Market Research are as follows:
- LEE Ventus Limited
- Micropump Inc.
- Bartels Mikrotechnik GmbH
- Xavitech Micropumps AB
- Takasago Electric, Inc.
- World Precision Instruments, LLC
- Alldoo Micropump Co., Ltd
- Fluigent S.A.
- Servoflo Corporation
- TOPS Industry & Technology Co., Ltd.
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