Precision Fluidics Market: By Technique, By Preservation Solution,  By End User, and Geography

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Precision Fluidics Market Size, Share, Growth, Trends, and Global Industry Analysis: By Technique (Solenoid Valves, Proportional Valves, Multimedia Valves, Others), By Preservation Solution (Analytical Chemistry, Clinic Diagnostics, Patient Therapy, Print, Anesthesia, and Patient Monitoring, Others),  By End User (Research Center, Medical Devices Manufacturers, Others), and Region

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Precision fluidics market size was valued at US$ 1,735.6 million in 2023 and is poised to grow at a significant CAGR of 14.3% from 2024-2030. The rising prevalence of numerous diseases and chronic ailments worldwide has increased the demand for sophisticated therapies. This has resulted in an increase in cellular studies on chronic illnesses and their treatment and the utilization of microfluidics and other technologies.

According to the OECD's Health at a Glance 2019 report, about one-third of persons aged 15 and up had two or more chronic illnesses, such as cancer, heart attack, stroke, chronic respiratory issues, and diabetes, on average across 27 OECD nations worldwide. Favorable government policies and initiatives aimed at gaining customer attention through investments in healthcare infrastructure, improved reimbursement packages and cost-effectiveness of product and service offerings, and streamlining research and development to create innovative products are expected to drive market growth. This is due to the increasing use of microfluidic devices, which provide numerous benefits such as speedy testing and reduced sample and reagent usage.

The rising use of microfluidic techniques in laboratory analytical and point-of-care testing, increased demand for point-of-care testing, the need for more petite and portable diagnostic equipment, and the global growth in chronic illness prevalence. Precision Fluidics can provide a wide range of fluidic control solutions for Analytical Chemistry and clinical diagnostics applications.

For instance, Parker Hannifin's Precision Fluidics Division is a leading supplier of microfluidic components and system solutions for medical and analytical instrumentation worldwide. Pneumatic and chemically inert isolation valves, diaphragm pumps, syringe pumps, electronic pressure controllers, manifolds, and sub-systems are examples of product technology.  

Precision Fluidics Market Key Developments

  • In March 2020, Parker Hannifin launched the new Parker LM-Pro linear motor proportional valve that works on the linear motor actuation technology and the company targeted respiratory and anesthesia markets with these devices. Sep 2022, The Lee Company acquired TTP Ventus Limited from TTP Group to expand their portfolio in the precision fluidics segment.

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Global Precision Fluidics Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

14.3%

Largest Market

North America

Fastest Growing Market

Asia-Pacific

Precision Fluidics Market Dynamics

The growing demand for point-of-care testing is propelling the worldwide precision fluidics market forward. Factors driving market expansion include technological improvements in the global microfluidics industry and a growing focus on data precision and accuracy for better results. Nonetheless, the global market is projected to be constrained by the complicated and time-consuming regulatory approval process, integration of microfluidics into existing processes, and standardization/commercialization of microfluidic devices.

Global Precision Fluidics Market Segmentation Analysis

Report Benchmarks

Details

Report Study Period

2024-2030

Market Size in 2023

US$ 1,735.6 million

Market CAGR

14.3%

By Technique

  • Solenoid Valves
  • Proportional Valves
  • Multimedia Valves
  • Others

By Preservation

  • Analytical Chemistry
  • Clinic Diagnostics
  • Patient Therapy
  • Print
  • Anesthesia and patient monitoring
  • Others

By End-User

  • Research Center
  • Medical Devices Manufacturers
  • Others

Key Features of the Report

  • The precision fluidics market report provides granular level information about the market size, regional market share, historic market (2018-2022), and forecast (2023-2029)
  • The report covers in-detail insights about the competitor's overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and startup details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
  • The report analyses the impact of the socio-political environment through PESTLE Analysis and competition through Porter's Five Force Analysis in addition to recent technology advancements and innovations in the market

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Frequently Asked Questions

The precision fluidics market size was valued at US$ 1,735.6 million in 2023 and is poised to grow at a significant CAGR of 14.3% from 2024-2030.

IDEX Health & Science LLC, Parker Hannifin Corporation, MK Fluid Systems, Dolphin Fluidics, The Lee Company, Flex Fluidics LLC, Halma Plc, IMI Plc.

North America is the fastest-growing region for the precision fluidics market

Author image

Author

Muni Kumar Meravath

Muni Kumar Meravath is a seasoned Healthcare Market Research Analyst with over 6 years of experience in the healthc.....

1.Executive Summary
2.Global Precision Fluidics Market Introduction 
2.1.Global Precision Fluidics Market  - Taxonomy
2.2.Global Precision Fluidics Market  - Definitions
2.2.1.Technique
2.2.2.Preservation
2.2.3.End-User
2.2.4.Region
3.Global Precision Fluidics Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Product Landscape
3.6. New Product Launches
3.7. Impact of COVID 19 on Market
4.Global Precision Fluidics Market Analysis, 2019-2023 and Forecast 2024-2030
4.1.  Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million)
4.2.  Year-Over-Year (Y-o-Y) Growth Analysis (%) 
4.3.  Market Opportunity Analysis 
5.Global Precision Fluidics Market  By Technique, 2019-2023 and Forecast 2024-2030 (Sales Value USD Million)
5.1. Solenoid Valves
5.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million)
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.1.3. Market Opportunity Analysis 
5.2. Proportional Valves
5.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million)
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.2.3. Market Opportunity Analysis 
5.3. Multimedia Valves
5.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million)
5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.3.3. Market Opportunity Analysis 
5.4. Others
5.4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million)
5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.4.3. Market Opportunity Analysis 
6.Global Precision Fluidics Market  By Preservation, 2019-2023 and Forecast 2024-2030 (Sales Value USD Million)
6.1. Analytical Chemistry
6.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million)
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.1.3. Market Opportunity Analysis 
6.2. Clinic Diagnostics
6.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million)
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.2.3. Market Opportunity Analysis 
6.3. Patient Therapy
6.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million)
6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.3.3. Market Opportunity Analysis 
6.4. Print
6.4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million)
6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.4.3. Market Opportunity Analysis 
6.5. Anesthesia and patient monitoring
6.5.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million)
6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.5.3. Market Opportunity Analysis 
6.6. Others
6.6.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million)
6.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.6.3. Market Opportunity Analysis 
7.Global Precision Fluidics Market  By End-User, 2019-2023 and Forecast 2024-2030 (Sales Value USD Million)
7.1. Research Center
7.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million)
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.1.3. Market Opportunity Analysis 
7.2. Medical Devices Manufacturers
7.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million)
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.2.3. Market Opportunity Analysis 
7.3. Others
7.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million)
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.3.3. Market Opportunity Analysis 
8.Global Precision Fluidics Market  By Region, 2019-2023 and Forecast 2024-2030 (Sales Value USD Million)
8.1. North America
8.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million)
8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.1.3. Market Opportunity Analysis 
8.2. Europe
8.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million)
8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.2.3. Market Opportunity Analysis 
8.3. Asia Pacific (APAC)
8.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million)
8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.3.3. Market Opportunity Analysis 
8.4. Middle East and Africa (MEA)
8.4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million)
8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.4.3. Market Opportunity Analysis 
8.5. Latin America
8.5.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million)
8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.5.3. Market Opportunity Analysis 
9.North America Precision Fluidics Market ,2019-2023 and Forecast 2024-2030 (Sales Value USD Million)
9.1. Technique Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.1.1.Solenoid Valves
9.1.2.Proportional Valves
9.1.3.Multimedia Valves
9.1.4.Others
9.2.  Preservation Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.2.1.Analytical Chemistry
9.2.2.Clinic Diagnostics
9.2.3.Patient Therapy
9.2.4.Print
9.2.5.Anesthesia and patient monitoring
9.2.6.Others
9.3.  End-User Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.3.1.Research Center
9.3.2.Medical Devices Manufacturers
9.3.3.Others
9.4.  Country Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.4.1.United States of America (USA)
9.4.2.Canada
10.Europe Precision Fluidics Market ,2019-2023 and Forecast 2024-2030 (Sales Value USD Million)
10.1. Technique Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.1.1.Solenoid Valves
10.1.2.Proportional Valves
10.1.3.Multimedia Valves
10.1.4.Others
10.2.  Preservation Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.2.1.Analytical Chemistry
10.2.2.Clinic Diagnostics
10.2.3.Patient Therapy
10.2.4.Print
10.2.5.Anesthesia and patient monitoring
10.2.6.Others
10.3.  End-User Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.3.1.Research Center
10.3.2.Medical Devices Manufacturers
10.3.3.Others
10.4.  Country Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.4.1.Germany
10.4.2.France
10.4.3.Italy
10.4.4.United Kingdom (UK)
10.4.5.Spain
10.4.6.Rest of EU
11.Asia Pacific (APAC) Precision Fluidics Market ,2019-2023 and Forecast 2024-2030 (Sales Value USD Million)
11.1. Technique Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.1.1.Solenoid Valves
11.1.2.Proportional Valves
11.1.3.Multimedia Valves
11.1.4.Others
11.2.  Preservation Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.2.1.Analytical Chemistry
11.2.2.Clinic Diagnostics
11.2.3.Patient Therapy
11.2.4.Print
11.2.5.Anesthesia and patient monitoring
11.2.6.Others
11.3.  End-User Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.3.1.Research Center
11.3.2.Medical Devices Manufacturers
11.3.3.Others
11.4.  Country Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.4.1.China
11.4.2.India
11.4.3.Australia and New Zealand (ANZ)
11.4.4.Japan
11.4.5.Rest of APAC
12.Middle East and Africa (MEA) Precision Fluidics Market ,2019-2023 and Forecast 2024-2030 (Sales Value USD Million)
12.1. Technique Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.1.1.Solenoid Valves
12.1.2.Proportional Valves
12.1.3.Multimedia Valves
12.1.4.Others
12.2.  Preservation Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.2.1.Analytical Chemistry
12.2.2.Clinic Diagnostics
12.2.3.Patient Therapy
12.2.4.Print
12.2.5.Anesthesia and patient monitoring
12.2.6.Others
12.3.  End-User Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.3.1.Research Center
12.3.2.Medical Devices Manufacturers
12.3.3.Others
12.4.  Country Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.4.1.GCC Countries
12.4.2.South Africa
12.4.3.Rest of MEA
13.Latin America Precision Fluidics Market ,2019-2023 and Forecast 2024-2030 (Sales Value USD Million)
13.1. Technique Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.1.1.Solenoid Valves
13.1.2.Proportional Valves
13.1.3.Multimedia Valves
13.1.4.Others
13.2.  Preservation Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.2.1.Analytical Chemistry
13.2.2.Clinic Diagnostics
13.2.3.Patient Therapy
13.2.4.Print
13.2.5.Anesthesia and patient monitoring
13.2.6.Others
13.3.  End-User Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.3.1.Research Center
13.3.2.Medical Devices Manufacturers
13.3.3.Others
13.4.  Country Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.4.1.Brazil
13.4.2.Mexico
13.4.3.Rest of LA
14. Competition Landscape
14.1.  Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) 
14.2.1.Idexx Corporation
14.2.2.Parker Hannifin Corporation
14.2.3.MK Fluid Systems
14.2.4.Dolphin Fluidics
14.2.5.KNF Neuberger Inc.
14.2.6.The Lee Company
14.2.7.Flex Fluidics LLC.
14.2.8.Halma Plc
14.2.9.IMI Plc
15. Research Methodology 
16. Appendix and Abbreviations 

Key Market Players

  • Idexx Corporation
  • Parker Hannifin Corporation
  • MK Fluid Systems
  • Dolphin Fluidics
  • KNF Neuberger Inc.
  • The Lee Company
  • Flex Fluidics LLC.
  • Halma Plc
  • IMI Plc

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