Microfluidic Syringe Pump Market Size, Share, Growth, And Industry Analysis, By Type (Single-Channel Type, Two-Channel Type and Others), By Application (Hospital, Clinic, Laboratory, Industrial Production and Others), Regional Insights, and Forecast To 2031

Updated On: 01 April 2024

Microfluidic Syringe Pump Market Report Overview

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The global microfluidic syringe pump market size was USD 201.1 million in 2022 and market is projected to touch USD 387.7 million by 2031, at a CAGR of 7.6% from 2022 to 2031.

A controller, an actuator, and a syringe make up the microfluidic syringe pump, a sort of pump force instrument that can produce a small volume of fluid correctly, micro, uniformly, and continuously. Since they are simple to use and enable quick setup of microfluidic experiments, syringe pumps are frequently employed in microfluidics research. Syringe pumps in microfluidics have two main drawbacks: a poor response time when changing the flow rate and flow oscillations caused by motor movements.

COVID-19 Impact: Pandemic Hamper the Demand of Microfluidic Syringe Pump to Market Growth

The market for Microfluidic Syringe Pump is being driven by increased healthcare costs and a shift from outpatient treatment to at-home care as a result of the COVID 19 epidemic. The demand for smaller, more portable, and appropriate medical equipment to treat people worldwide who are suffering from the coronavirus is another reason fueling the growth of the microfluidic syringe pump market. But the COVID-19 epidemic has also brought forth a number of difficulties for the Microfluidic Syringe Pump industry. 

Latest Trends

"Industries are Expanding Quickly to Fulfill Market Demands "

Lab-on-a-chip technology, in particular microfluidic pumps, provides an appropriate platform for the mass production and utilisation of Al in an inexpensive, high-throughput, automated, and multiplexed manner. To capitalise on the industry's explosive growth, pharmaceutical and medical device companies are investing heavily in the development of cutting-edge drug delivery devices that use microfluidics.

Microfluidic Syringe Pump Market Segmentation

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• By Type Analysis

According to type, the microfluidic syringe pump market can be segmented into Single-Channel Type, Two-Channel Type and Others.  

In terms of type, the single-channel type is anticipated to be the largest segment during the forecast period.  

• By Application Analysis

Based on application, the microfluidic syringe pump market can be divided into Hospital, Clinic, Laboratory, Industrial Production and Others.  

In terms of application, Hospital market is projected to hold the largest market share through 2031.

Driving Factors

"Wide-ranging Industry Emergence to Enhance the Market Growth  "

Microfluidic pump technology is focused on facilitating simple and dependable operating procedures in the healthcare sector. In research laboratories for more than 20 years, integrated microfluidic pumps have been employed. Due to the development of large-scale microfluidic integration and soft lithography during the past ten years, their utilization in the life sciences and medical research has considerably risen. With the help of these technical developments, researchers have been able to expand the complexity and sophistication of experiments that can be carried out on a microfluidic chip, as well as the throughput of device manufacture and attempts at fast prototyping. With the development of technology, microfluidic syringe pump is swiftly emerging as a critical technology in a wide range of industries, including medicines, biosensing, bio actuation, and chemical synthesis. This is a sign of how microfluidic syringe pump have evolved from a promising R&D technology to one used to gather data with Al during clinical studies. 

"Biocompatibility Is a Key Market Driver Which Led to Heightened Market Growth  "

One example of a technologically advanced system that can provide considerable growth prospects for market players is implantable drug delivery systems. This is because portable and wearable products that can provide precise and reliable drug delivery can be made using a microfluidic syringe pump. The most widely used microfluidics-based drug delivery system is the insulin pump, and numerous similar micro pumping methods are now being researched. It is projected that the major benefits of microfluidic syringe pumps, such as controlled medicine release and biocompatibility, will greatly expand the scope of technical use. In addition to constructing wearable, implantable, and portable technology, scientists are focusing on producing smart drugs and controlled-release patches for the skin. By using micro technologies to build diffusion barriers, the release can be better controlled.

Restraining Factors

"Introducing Technological Challenges that Affect the Market Growth "

End users face a variety of technological obstacles when integrating microfluidic pumps into present processes. This restricts the application of microfluidic syringe pump in standardized drug development and screening procedures. The first microfluidic screening tools were introduced to the market. Even though this technology enhances both the process and the instruments, the current state-of-the-art microfluidic pump technology offers tremendous opportunities for further instrument minimization and integration, as well as the potential for increased automation and cost savings in the drug discovery and development processes. Up until that time, there will be occasional releases of microfluidic devices on the market, which will result in some firms losing out to established technology vendors.  

Microfluidic Syringe Pump Market Regional Insights

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"The Asia Pacific Region will Dominate Market Due to Quick Technical Advancements  "

Due to its well-established healthcare infrastructure, advantageous reimbursement, high chronic disease burden, advancements in infusion technology, and supportive government regulations for product commercialization, North America held the largest share of the global intravenous microfluidic syringe pump market. The market is expanding as a result of the quick uptake of technologically sophisticated solutions by both patients and doctors for routine treatment of chronic illness conditions. Several chronic diseases are spreading at an alarming rate. The market's current expansion is also being fueled by the quick uptake of home healthcare infusion pump therapies.

Key Industry Players

"Adoption Experiential Marketing Services by Key Players Influencing Market Development"

The top key players in the market are ELVESYS, New Era Pump Systems, SETonic, Fluigent, Chemyx, Holmarc. Most of the top players hold the microfluidic syringe pump market share in some regions. In addition, the strategies to develop new technologies, capital investment in R&D, improve product quality, acquisitions, mergers, and compete for the microfluidic syringe pump market growth in the competition help them to perpetuate their position and value in the market. Besides, collaboration with other companies & extensive possession of market shares by the key players stimulates the microfluidic syringe pump market.  

List of Market Players Profiled

• ELVESYS (France)
• New Era Pump Systems (U.S.)
• SETonic (U.S.)
• Fluigent (France)
• Chemyx (U.S.)
• Holmarc (India)

Report Coverage

This report examines an understanding of the microfluidic syringe pump market’s size, share, growth rate, segmentation by type, application, key players, and previous and current market scenarios. The report also collects the market’s precise data and forecasts by market experts. Also, it describes the study of this industry’s financial performance, investments, growth, innovation marks, and new product launches by the top companies and offers deep insights into the current market structure, competitive analysis based on key players, key driving forces, and restraints that affect the demand for growth, opportunities, and risks.

Furthermore, the post-COVID-19 pandemic’s effects on international market restrictions and a deep understanding of how the industry will recover, and strategies are also stated in the report. The competitive landscape has also been examined in detail to provide clarification of the competitive landscape.

This report also discloses the research based on methodologies that define price trend analysis of target companies, collection of data, statistics, target competitors, import-export, information, and previous years’ records based on market sales. Moreover, all the significant factors which influence the market such as small or medium business industry, macro-economic indicators, value chain analysis, and demand-side dynamics, with all the major business players have been explained in detail. This analysis is subject to modification if the key players and feasible analysis of market dynamics change.