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Micropump Market Size

Report ID: GMI5196
Published Date: Oct 2022
Report Format: PDF

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Micropump Market Size

Micropump Market size surpassed USD 1.5 billion in 2021 and is projected to depict over 19.5% CAGR from 2022 to 2030. The integration of advanced technologies in micropump devices is among the leading factors positively influencing the industry outlook.

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Key market players have lately been upgrading conventional micropumps, such as rotary vanes, diaphragm pumps, lab-on-chip, ion-driven air flow micropump, etc., to increase their precision and accuracy. The increasing focus on developing cutting-edge medical devices with improved capabilities will transform the market dynamics.

Micropump Market Report Attributes
Report Attribute	Details
Base Year:	2021
Micropump Market Size in 2021:	1.5 Billion (USD)
Forecast Period:	2022 to 2030
Forecast Period 2022 to 2030 CAGR:	19.5%
2030 Value Projection:	8.5 Billion (USD)
Historical Data for:	2017 to 2021
No. of Pages:	170
Tables, Charts & Figures:	219
Segments covered:	Product, Application, End-use, and Region
Growth Drivers:	Increasing awareness about controlled drug delivery Increasing technological advancements Growing demands of micropumps in minimally invasive surgeries Surging demand for micropumps in point of care testing
Pitfalls & Challenges:	Risk associated with implantable devices

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The patient-friendly, compact infusion pump is used for continuous subcutaneous drug administration to treat patients with Parkinson’s disease and is available in several European countries. Implantable devices involve several risks and post-procedural complications, such as implant failure, infection, swelling, pain, redness, and pain at the surgical site, factors such as these are projected to negatively impact product adoption.

Authors: Mariam Faizullabhoy

Frequently Asked Questions (FAQ) :

Global market size for micropump was worth more than USD 1.5 billion in 2021 and is anticipated to exhibit over 19.5% CAGR from 2022 to 2030 backed by the rapid integration of advanced technologies in conventional micropumps.

Mechanical micropump segment accounted for over USD 1 billion in 2021 and is projected to garner appreciable revenues by 2030 due to the broad range of applications of mechanical micropumps, including targeted medicine administration, microprocessor cooling, and fuel injection.

The medical device segment is anticipated to depict over 20.5% growth rate from 2022 to 2030, attributed to the mounting demand for lightweight and concise medical devices due to their enhanced portability and ease of use.

Prominent players in the micropump market are Xavitech Micropumps, Sensile Medical (Gerresheimer AG), Antylia Scientific, Idex Corporation, Dolomite Microfluids (Blacktrace Holdings Ltd.), The Lee Company, Thomas Gardner Denver (Ingersoll Rand), Takasago Electric, Inc., Servoflo Corporation, and Bio-chem Fluidics (Halma).