Europe Micropump Market

Market Introduction

Micropumps are small volume devices designed to transmit fluids with high precision. These pumps are used for numerous functions in the medical industry, such as preparing samples for medical diagnoses & therapeutics and dispensing precise dosages of medications. Micropumps are key components of microfluidic systems with applications ranging from biological fluid handling to microelectronic cooling. Their small size, potential cost, and improved dosing accuracy have led to increased adoption by medical device manufacturers.

Market Overview and Dynamics

The Europe micropump market is expected to reach US$ 1,288.56 million by 2028 from an estimated value of US$ 399.12 million in 2021; it is likely to register a CAGR of 18.2% from 2021 to 2028. Growing applications in microfluidics and improved accuracy over traditional drug delivery devices are boosting the micropump market growth. However, stringent medical device regulations are hindering the growth of the Europe micropump market.

In the last few years, the pharmaceuticals industry witnessed the introduction of various innovative interventions for the treatment of several chronic diseases. However, most of the available treatment options require parenteral drug administration, frequent dosing, and repeated hospital visits. These are found to be the primary factors negatively affecting medication adherence, thereby impacting therapeutic outcomes. Over the years, several companies have developed advanced therapeutic delivery solutions to overcome the challenges associated with the administration of viscous and large molecule drugs. Microfluidic technologies are evolving to offer a great range of applications and have emerged as a promising application in Point of Care (POC) testing for disease diagnosis. POC tests have the potential to improve disease diagnosis at early stages, as well as offer easy monitoring and increased personalization. Micropumps are key components of microfluidic systems with applications ranging from biological fluid handling to microelectronic cooling, and the objective of integration is to fulfill the need for accurate delivery of fluids. These benefits are utilized for the development of diagnosis and detection POC devices for a variety of conditions such as cancer and infectious diseases. Hence, the integration of microfluidics has advanced the improvisation of POC diagnostics, thereby driving the growth of the micropumps market during the forecast period.

The COVID-19 pandemic in Europe has negatively affected the medical device industry. Various companies have shut down their productions and are unable to meet the rising demand. The dependency on suppliers from other countries also led to several medical companies not being able to meet the demand for medical and personal protective equipment. Additionally, in Europe, many of the micropumps development companies have been directed to develop COVID-19 vaccine. Therefore, it is expected that the growth of the market is likely to be slower in the following few years.

Key Market Segments

The Europe micropump market, by product type, is subsegmented into mechanical micropump, syringe pump, piezoelectric micropump, peristaltic pump, and non-mechanical micropump. The mechanical micropump segment is likely to hold the largest share of the market in 2021. However, the non-mechanical micropump segment is expected to register the highest CAGR during the forecast period.

The Europe micropump market, based on material, is subsegmented into silicon, polymer, and glass. In 2021, the silicon segment is likely to hold the largest share of the market. However, the polymer segment is expected to register the highest CAGR during the forecast period.

The Europe micropump market, by application, is subsegmented into medical equipment & devices, clinical & analytical lab, pharmaceuticals, biotechnology, and others. The medical equipment & devices segment is likely to hold the largest share of the market in 2021 and is also expected to register the highest CAGR during the forecast period.

The Europe micropump market, by end user, is subsegmented into hospitals & diagnostic centers, biotechnology & pharmaceutical companies, and academic & research institutes. The hospitals & diagnostic centers segment is expected to hold the largest share of the market in 2021 and is also anticipated to register the highest CAGR during the forecast period.

Major Sources and Companies Listed

A few of the primary and secondary sources associated with this report on the Europe micropump market are the Spanish Society of Health Informatics (SEIS), Federal Ministry of Health (BMG) and World Health Organization (WHO).

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EUROPE MICROPUMP MARKET SEGMENTATION

By Product Type

• Mechanical Micropump
• Syringe Pump
• Piezoelectric Micropump
• Peristaltic Pump
• Non-Mechanical Micropump

By Material

• Silicon
• Polymer
• Glass

By Application

• Medical Equipment & Devices
• Clinical & Analytical Lab
• Pharmaceuticals
• Biotechnology
• Others

By End User

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

By Country

• UK
• Germany
• France
• Italy
• Spain
• Rest of Europe

Company Profiles

• Advanced Microfluidics
• Microfluidica, LLC
• Alldoo Micropump Co.,Ltd
• Servoflo Corporation
• TOPS INDUSTRY AND TECHNOLOGY CO. LTD
• World Precision Instruments
• Xavitech
• Calon Cardio-Technology Ltd
• Takasago Electric, Inc.
• Medtronic

Europe Micropump Market Strategic Insights

Europe Micropump Market Segmentation Analysis

Europe Micropump Market Report Highlights

Europe Micropump Report Scope

Europe Micropump Market Country and Regional Insights