Global Precision Fluidics Market
Global precision fluidics market was valued at US $ XX Mn and expected to grow at XX% Compound Annual Growth Rate (CAGR) from 2018 to 2024.
Market Outline: Global Precision Fluidics Market
The Precision Fluidics Division of Parker Hannifin is a leading supplier of miniature fluidic components and system solutions integral to the world’s medical and analytical instrumentation. Product technologies include miniature solenoid valves, proportional valves, multimedia valves, application-specific manifolds, pumps, and electronic pressure controllers. Parker Precision Fluidics Division was also named to Business NH Magazine’s “NH Best Companies to Work For” list in both 2013 and 2015. The company was ranked fifth best large business to work for in New Hampshire.
Market Dynamics: Global Precision Fluidics Market
The use of microfluidic devices has been dramatically increased in the life science research institutes in high extent because of lithographic and microfluidic large scale integration. The advancements in technologies have enabled researchers to enhance the complexity and sophistication of experiments that can be performed on a microfluidic chip and also increased the throughput of device production and improved rapid prototyping efforts. As a result, this technology is going to realize its immense potential for research in life sciences and medicine. Glucose meter which is available commercially in the market is often regarded as the archetype for the handheld diagnostic device. The various factors like simplicity and control systems of precision fluidics are leading factors in the increased rate of sales of the fluidics and their revenue. Extreme growth in revenue has been observed in fluidics market globally and is estimated to grow at a par range.
Market Scope: Global Precision Fluidics Market
Global precision fluidics market is segmented based on product technology type, application type and end user
Based on product technology type, market is segmented into the following:
- Solenoid Valves
- Proportional Valves
- Multimedia Valves
Based on application type, market is segmented into the following
- Analytical Chemistry
- Clinical Diagnostics
- Patient Therapy
- Anesthesia and patient monitoring
Based on the end user, the market is segmented into the following:
- Research Center
- Medical Devices Manufacturers
Geographically, global precision fluidics market is widespread into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. Now a days the use fluidics has been tremendously increasing in different parts of the world in different research life science institutes which has enabled the researchers to enhance the complexity and sophistication of experiments. North America and Europe fluidics markets hold dominant market share in the global fluidics market. Asia pacific market is expected to grow exponentially over a forecast period owing to the usage of fluidics in the Asian market.
- Idexx Corporation
- Parker Hannifin Corporation
- MK Fluid Systems
- Dolphin Fluidics
- KNF Neuberger Inc.
- The Lee Company
- Flex Fluidics LLC.
- Halma Plc
- IMI Plc
New updates: Global Precision Fluidics Market
- In December 2017, the precision fluidics of Parker Hannifin corporation, the global leader in motion and control technologies announced the release of its newest model of miniature proportional value VSO® family – model VSO®Low Pro GC (Gas Chromatography).