Micropump Market Size, Trends and Growth Analysis by 2027

The global micropump market is projected to grow significantly, reaching an estimated value of US$ 5,172.86 million by 2028, up from US$ 1,553.01 million in 2021. This growth trajectory indicates a robust compound annual growth rate (CAGR) of 18.8% from 2021 to 2028.

Several factors are driving this market expansion, particularly the rising demand for micropumps within the medical device sector. These devices offer enhanced precision in drug delivery compared to conventional methods, which is a key factor contributing to their increasing adoption. However, the market faces challenges due to stringent regulations governing medical devices, which can impede growth.

Micropumps are compact devices engineered to deliver fluids with exceptional accuracy. They serve a variety of purposes in the medical field, including the preparation of samples for diagnostics and therapeutics, as well as the precise administration of medications. As integral components of microfluidic systems, micropumps find applications in areas ranging from the handling of biological fluids to the cooling of microelectronics. Their small footprint, potential cost-effectiveness, and enhanced dosing precision have made them increasingly popular among manufacturers of medical devices.

In recent years, the pharmaceutical sector has seen the emergence of numerous innovative treatments aimed at managing chronic diseases. However, many of these therapies necessitate parenteral administration, which often involves frequent dosing and multiple visits to healthcare facilities. Such methods raise concerns regarding dosing inaccuracies, risks of microbial contamination, and the potential for needle stick injuries. These issues significantly affect patient adherence to medication regimens, ultimately influencing therapeutic outcomes. To address these challenges, various companies have developed advanced drug delivery solutions tailored for the administration of viscous and large-molecule medications.

The micropump market can be categorized by product type into several segments: mechanical micropumps, syringe pumps, piezoelectric micropumps, peristaltic pumps, and non-mechanical micropumps. In 2021, the mechanical micropump segment dominated the market share; however, the non-mechanical micropump segment is expected to experience the highest growth rate, with a projected CAGR of 19.7% during the forecast period.

When examining the market based on materials, it is divided into silicon, polymer, and glass segments. The silicon segment was anticipated to hold the largest market share in 2021, while the polymer segment is expected to witness the fastest growth in the coming years.

In terms of application, the micropump market is segmented into medical equipment and devices, clinical and analytical laboratories, pharmaceuticals, biotechnology, and other sectors. The medical equipment and devices segment is projected to maintain the largest market share in 2021 and is also expected to achieve the highest CAGR of 19.5% throughout the forecast period.

Furthermore, the market can be analyzed by end users, which include hospitals and diagnostic centers, biotechnology and pharmaceutical companies, and academic and research institutions. The hospitals and diagnostic centers segment is likely to hold the largest share in 2021 and is forecasted to register a significant CAGR of 19.3% during the projected period.

Key secondary sources utilized in the preparation of the report on the micropump market include the Central Drugs Standard Control Organization, the Commission for Protection against Health Risks, Contract Research Organizations, and the Drug Safety and Effectiveness Network. These sources provide valuable insights and data that inform market analysis and projections.