Micro Pump Market : By Product Type (Mechanical Micro pump, Piezoelectric Micro pump, Syringe Pump, Peristaltic Pump, Non-Mechanical Micro pump), By Material (Polymer, Glass, Silicon), By Application (Drug Delivery Systems, Medical Device, In-Vitro Diagnostics), By End User (Biotechnology and Pharmaceutical Companies, Hospitals and Diagnostic Centers, Research Institutes) and Geography  

Micro Pump Market will be valued at USD 1,835.6 million in 2022. It is expected to reach a value of USD 4,537.1 million by 2029, growing at a CAGR of 13.8% during the forecast period from 2023 to 2029. The global market provides a detailed overview of the Micro Pump Market, which has been segmented by product type, material, application, and end user. By product type, the micro-pump market has been segmented into Mechanical Micropump, Piezoelectric Micro pump, Syringe Pump, Peristaltic Pump, Non-Mechanical Micropump. The non-mechanical micro pump segment is likely the most significant and fastest-growing segment in terms of product type. By material, the micro pump market has been segmented into Polymer, Glass, Silicon. The Polymer segment holds a significant revenue share in the market. By application, the micro pump market has been segmented into Drug Delivery Systems, Medical Device, In-Vitro Diagnostics. The drug delivery systems gain a maximum revenue share of the market. Based on the end user, the Micro Pump is segmented into Biotechnology and Pharmaceutical Companies, Hospitals and Diagnostic Centers, and Research Institutes. According to precision business insights, the biotechnology and pharmaceutical companies segment is predicted to register the fastest growth rate during the forecast period.

Micro Pump Market Key development:

• In January 2022, Bartels Mikrotechnik GmbH, Inc. introduced the mp6 series of micro-pumps. The mp6 series consists of mp6-Liq, mp6-gas, and mp6-gas+.