Micro pump Market Revenue Size, Trends and Factors, Regional Share Analysis & Forecast Till 2030

According to the latest research report, the micropump market size is predicted to reach USD 7328.83 Million by the end of the year 2030 by registering a CAGR of 19.2% during the forecast period. Increasing research & development in life sciences is likely to fuel demand for micro pumps in the years to come, thus acting as a growth catalyst to market expansion. Awareness among the population about the importance of controlled drug delivery has risen in the past few years. This has boosted the growth of the micro pump market and is anticipated to exhibit the same trend over the next couple of years. In addition, the increasing burden of chronic diseases such as diabetes, cancer, etc. is likely to fuel demand for these pumps in the years to come. According to the estimations circulated by the World Health Organization (WHO), 8.8 million patients succumbed to cancer alone in 2015. The cancer death rate has been on the rise since years. Thus, the future trajectory of ...