- Solenoid Valves
- Proportional Valves
- Multimedia Valves
- Others
Precision Fluidics Market size was valued at USD 1,735.6 million in 2022 and is poised to grow at a significant CAGR of 14.3% from 2023-2029. 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. During the projection period, the microfluidic components tools segment is expected to develop at a profitable CAGR. This is due to the widespread use of these components in the detection of a variety of medical disorders, including cancer and other infectious diseases. The in-vitro diagnostics category accounted for a significant revenue share during the projection period and is expected to rise at a healthy CAGR. This is due to 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.
Study Period
Base Year
CAGR
Largest Market
Fastest Growing Market
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.
The precision fluidics market is projected to expand at a CAGR of x% during the forecast period
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
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, 2018-2022 and Forecast 2023-2029 |
4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (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, 2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
5.1. Solenoid Valves |
5.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (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, 2018-2022 and Forecast, 2023-2029, (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, 2018-2022 and Forecast, 2023-2029, (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, 2018-2022 and Forecast, 2023-2029, (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, 2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
6.1. Analytical Chemistry |
6.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (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, 2018-2022 and Forecast, 2023-2029, (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, 2018-2022 and Forecast, 2023-2029, (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, 2018-2022 and Forecast, 2023-2029, (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, 2018-2022 and Forecast, 2023-2029, (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, 2018-2022 and Forecast, 2023-2029, (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, 2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
7.1. Research Center |
7.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (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, 2018-2022 and Forecast, 2023-2029, (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, 2018-2022 and Forecast, 2023-2029, (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, 2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
8.1. North America |
8.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (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, 2018-2022 and Forecast, 2023-2029, (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, 2018-2022 and Forecast, 2023-2029, (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, 2018-2022 and Forecast, 2023-2029, (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, 2018-2022 and Forecast, 2023-2029, (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 ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
9.1. Technique Analysis 2018-2022 and Forecast 2023-2029 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 2018-2022 and Forecast 2023-2029 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 2018-2022 and Forecast 2023-2029 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 2018-2022 and Forecast 2023-2029 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 ,2018-2022 and Forecast 2023-2029 (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 2018-2022 and Forecast 2023-2029 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 2018-2022 and Forecast 2023-2029 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 2018-2022 and Forecast 2023-2029 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 ,2018-2022 and Forecast 2023-2029 (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 2018-2022 and Forecast 2023-2029 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 2018-2022 and Forecast 2023-2029 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 2018-2022 and Forecast 2023-2029 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 ,2018-2022 and Forecast 2023-2029 (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 2018-2022 and Forecast 2023-2029 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 2018-2022 and Forecast 2023-2029 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 2018-2022 and Forecast 2023-2029 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 ,2018-2022 and Forecast 2023-2029 (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 2018-2022 and Forecast 2023-2029 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 2018-2022 and Forecast 2023-2029 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 2018-2022 and Forecast 2023-2029 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 |