Precision Fluidics Market size was valued at XX billion in 2021 and is expected to reach XX billion by 2028, at a CAGR of XX% during the forecast period 2022 to 2028. Precision fluidics are the components that control small volumes of fluids and are usually preferred for analytical instruments, clinical diagnostic instruments, and patient gas delivery systems to advance their performance. The key factors burgeon the growth of the precision fluidics market are an increase in the demand for analytical instruments and clinical diagnostic instruments from the laboratories due to a rise in the prevalence of infectious diseases, an outbreak of pandemics such as COVID-19, and the adoption of technologically advanced instruments to deliver the accurate results. Moreover, the rise in R&D for technologically advanced devices, fundraising from public and private organizations for the R&D and purchasing of diagnostic instruments, and the rise in the number of end-user industries are propelling the growth of the market over the future years.
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.