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Global Precision Fluidics Market

Precision Fluidics Market Size, Share & Trends Analysis Report By Component (Pumps, Valves, Probes, Degassers, Fluidic Systems, Manifolds, Pressure Sensors, Flow Sensors, Fluid Level Sensors, Inline Filters, Subsystem Level-Fluidics Systems or Integration), By Application, By Region, And By Segment Forecasts, 2023-2031

Report ID : 1405 | Published : 2023-04-18 | Pages: 175 | Format: PDF/EXCEL

The Precision Fluidics Market Size is valued at 6.34 Million in 2022 and is predicted to reach 12.40 Million by the year 2031 at an 8.0 % CAGR during the forecast period for 2023-2031.

Precision Fluidics Market

Precision fluidics—the elements that control small amounts of fluids—are often anticipated to enhance the performance of analytical equipment, clinical diagnostic instruments, and patient gas delivery systems. The demand for clinical diagnostic and analytical devices from laboratories has risen due to an increase in the prevalence of infectious diseases, the appearance of pandemics like COVID-19, and the adoption of technologically advanced instruments to provide accurate results, fueling the growth of the precision fluidics market. A rise in R&D for technologically advanced equipment, grants from public and private organizations for R&D and the acquisition of diagnostic tools, and an increase in the number of end-user sectors are all contributing to the market's expansion.

Due to the increasing potential of these technologies, dependable drug delivery systems with enhanced physicochemical qualities may now be produced using simple, low-cost, and repeatable processes. However, the high cost of products like syringe pumps will hinder market expansion. These tools are used in preclinical research, chromatography, microfluidics, cellular research, mass spectrometry calibration, and neurology. Depending on the type, brand, and quality, syringe pumps used in the study might fluctuate in price. Due to their high cost, the market for precision fluids cannot expand.

Market Segmentation:

The Precision Fluidics market is segmented on the component and application. Based on the Component, the market is segmented into Pumps, Valves, Probes, Degassers, Fluidic Systems, Manifolds, Pressure Sensors, Flow Sensors, Fluid Level Sensors, Inline Filters and Subsystem Level-Fluidics Systems or Integration. Based on application, the market is segmented into Analytical Instruments, Clinical Diagnostics, Patient Gas Delivery and Others.

Based On The Component, The Flow Sensors Segment Is Accounted As A Significant Contributor To The Precision Fluidics Market.

The precision fluidics market is anticipated to have the highest revenue contribution from flow sensors. Their wide range of applications in pressure sensing, pH measurement, microfluidic conductivity measurement, and microfluidic biosensors accounts for their significant market share. Flow sensors can measure air or other gases in mass flow with accuracy and dependability. These flow sensors were designed with the motion control sector knowledge and included our most cutting-edge sensor, valve, and laminar flow element technology.

The Clinical Diagnostics Vaccines Segment Witnessed Growth At A Rapid Rate.

Due to the rise in the prevalence of infectious diseases, there is an increased demand for clinical diagnostic services from laboratories. The growth of this segment is due to the massive demand for home care and the rising frequency of infectious and chronic diseases. Precision fluidics' high degree of functionality and customizability enables the blending of chemical and biological laboratories' operations into various on-chip diagnostic modules, making the products an excellent replacement for locations with limited resources.

The North America Precision Fluidics Market Holds A Significant Regional Revenue Share.

The North American Precision Fluidics market is expected to register the highest market share in revenue in the near future. The rising elderly population, well-established vendors, and the rising incidence of chronic diseases in this region due to the high obesity rate and poor lifestyle are vital contributors to the region's phenomenal growth. The main factors expected to project the market's growth are favourable government policies and initiatives intended to attract customers by spending on healthcare infrastructure, improving reimbursement packages and the cost-effectiveness of product and service offerings, and streamlining research and development to create innovative products. In addition, Asia Pacific is projected to grow rapidly in the global Precision Fluidics market because of increased infrastructure building projects, particularly in China and India, rising standards of living, and increased urbanization. The Chinese government has always supported the ownership of intellectual property rights and improved infrastructure. The market for precision fluidics is therefore anticipated to have significant growth. In addition, the region's precision fluidics market is expected to reach new heights over the next few years due to the growing demand for healthcare services. The quick expansion of point-of-care devices and the increase in research and development activities in India are responsible for the market's growth.

Competitive Landscape

Some Major Key Players In The Precision Fluidics Market:

  • IDEX Health & Science LLC,
  • Parker Hannifin Corporation,
  • MK Fluid Systems,
  • Dolphin Fluidics,
  • The Lee Company,
  • Flex Fluidics LLC,
  • Halma Plc,
  • IMI Plc,
  • Bürkert,
  • Hamilton Company,
  • Bio-Chem,
  • IVEK,
  • SMC,
  • TECAN,
  • Symbient Product Development,
  • Gems Sensors,
  • Diba Industries,
  • New England Small Tube Corporation,
  • Controlled Fluidics.

Precision Fluidics Market Report Scope

Report Attribute

Specifications

Market Size Value In 2022

USD 6.34 Billion

Revenue Forecast In 2031

USD 12.40 Billion

Growth Rate CAGR

CAGR of 8.0 % from 2023 to 2031

Quantitative Units

Representation of revenue in US$ Billion and CAGR from 2023 to 2031

Historic Year

2019 to 2022

Forecast Year

2023-2031

Report Coverage

The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends

Segments Covered

Component, Application

Regional Scope

North America; Europe; Asia Pacific; Latin America; Middle East & Africa

Country Scope

U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico ;The UK; France; Italy; Spain; China; Japan; India; South Korea; South East Asia; South Korea; South East Asia

Competitive Landscape

Some major key players in the Precision Fluidics market are IDEX Health & Science LLC, Parker Hannifin Corporation, MK Fluid Systems, Dolphin Fluidics, The Lee Company, Flex Fluidics LLC, Halma Plc, IMI Plc, Bürkert, Hamilton Company, Bio-Chem, IVEK, SMC, TECAN, Symbient Product Development, Gems Sensors, Diba Industries, New England Small Tube Corporation, and Controlled Fluidics.

Customization Scope

Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape.

Pricing And Available Payment Methods

Explore pricing alternatives that are customized to your particular study requirements.

Chapter 1. Methodology and Scope

1.1. Research Methodology

1.2. Research Scope & Assumptions

Chapter 2. Executive Summary

Chapter 3. Global Precision Fluidics Market Snapshot

Chapter 4. Global Precision Fluidics Market Variables, Trends & Scope

4.1. Market Segmentation & Scope

4.2. Drivers

4.3. Challenges

4.4. Trends

4.5. Investment and Funding Analysis

4.6. Industry Analysis – Porter’s Five Forces Analysis

4.7. Competitive Landscape & Market Share Analysis

4.8. Impact of Covid-19 Analysis

Chapter 5. Market Segmentation 1: by Component Estimates & Trend Analysis

5.1. by Component & Market Share, 2019 & 2031

5.2. Market Size (Value (US$ Mn) & Volume (no. of units) & Forecasts and Trend Analyses, 2023 to 2031 for the following by Component:

5.2.1. Pumps

5.2.2. Valves

5.2.3. Probes

5.2.4. Degassers

5.2.5. Fluidic Systems

5.2.6. Manifolds

5.2.7. Pressure Sensors

5.2.8. Flow Sensors

5.2.9. Fluid Level Sensors

5.2.10. Inline Filters

5.2.11. Subsystem Level-Fluidics Systems or Integration

Chapter 6. Market Segmentation 2: by Application Estimates & Trend Analysis

6.1. by Application & Market Share, 2019 & 2031

6.2. Market Size (Value (US$ Mn) & Volume (no. of units) & Forecasts and Trend Analyses, 2023 to 2031 for the following by Application:

6.2.1. Analytical Instruments

6.2.2. Clinical Diagnostics

6.2.3. Patient Gas Delivery

6.2.4. Others

Chapter 7. Precision Fluidics Market Segmentation 3: Regional Estimates & Trend Analysis

7.1. North America

7.1.1. North America Precision Fluidics Market Revenue (US$ Million) Estimates and Forecasts by Component2023-2031

7.1.2. North America Precision Fluidics Market Revenue (US$ Million) Estimates and Forecasts by Application2023-2031

7.1.3. North America Precision Fluidics Market Revenue (US$ Million) Estimates and Forecasts by country2023-2031

7.2. Europe

7.2.1. Europe Precision Fluidics Market Revenue (US$ Million) Estimates and Forecasts by Component2023-2031

7.2.2. Europe Precision Fluidics Market Revenue (US$ Million) Estimates and Forecasts by Application2023-2031

7.2.3. Europe Precision Fluidics Market Revenue (US$ Million) Estimates and Forecasts by country2023-2031

7.3. Asia Pacific

7.3.1. Asia Pacific Precision Fluidics Market Revenue (US$ Million) Estimates and Forecasts by Component2023-2031

7.3.2. Asia Pacific Precision Fluidics Market Revenue (US$ Million) Estimates and Forecasts by Application2023-2031

7.3.3. Asia Pacific Precision Fluidics Market Revenue (US$ Million) Estimates and Forecasts by country2023-2031

7.4. Latin America

7.4.1. Latin America Precision Fluidics Market Revenue (US$ Million) Estimates and Forecasts by Component2023-2031

7.4.2. Latin America Precision Fluidics Market Revenue (US$ Million) Estimates and Forecasts by Application2023-2031

7.4.3. Latin America Precision Fluidics Market Revenue (US$ Million) Estimates and Forecasts by country2023-2031

7.5. Middle East & Africa

7.5.1. Middle East & Africa Precision Fluidics Market Revenue (US$ Million) Estimates and Forecasts by Component2023-2031

7.5.2. Middle East & Africa Precision Fluidics Market Revenue (US$ Million) Estimates and Forecasts by Application2023-2031

7.5.3. Middle East & Africa Precision Fluidics Market Revenue (US$ Million) Estimates and Forecasts by country2023-2031

Chapter 8. Competitive Landscape

8.1. Major Mergers and Acquisitions/Strategic Alliances

8.2. Company Profiles

8.2.1. IDEX Health & Science LLC,

8.2.2. Parker Hannifin Corporation,

8.2.3. MK Fluid Systems,

8.2.4. Dolphin Fluidics,

8.2.5. The Lee Company,

8.2.6. Flex Fluidics LLC,

8.2.7. Halma Plc, IMI Plc,

8.2.8. Bürkert,

8.2.9. Hamilton Company,

8.2.10. Bio-Chem,

8.2.11. IVEK,

8.2.12. SMC,

8.2.13. TECAN,

8.2.14. Symbient Product Development,

8.2.15. Gems Sensors,

8.2.16. Diba Industries,

8.2.17. New England Small Tube Corporation, and

8.2.18. Controlled Fluidics

8.2.19. Other Prominent Players

Segmentation Of Precision Fluidics Market

 

By Component-

  • Pumps
  • Valves
  • Probes
  • Degassers
  • Fluidic Systems
  • Manifolds
  • Pressure Sensors
  • Flow Sensors
  • Fluid Level Sensors
  • Inline Filters
  • Subsystem Level-Fluidics Systems or Integration

Precision Fluidics Market

By Application-

  • Analytical Instruments
  • Clinical Diagnostics
  • Patient Gas Delivery
  • Others

By Region-

North America-

  • The US
  • Canada
  • Mexico

Europe-

  • Germany
  • The UK
  • France
  • Italy
  • Spain
  • Rest of Europe

Asia-Pacific-

  • China
  • Japan
  • India
  • South Korea
  • South East Asia
  • Rest of Asia Pacific

Latin America-

  • Brazil
  • Argentina
  • Rest of Latin America

 Middle East & Africa-

  • GCC Countries
  • South Africa
  • Rest of Middle East and Africa

InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.

Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.

Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.

Secondary research

The secondary research sources that are typically mentioned to include, but are not limited to:

  • Company websites, financial reports, annual reports, investor presentations, broker reports, and SEC filings.
  • External and internal proprietary databases, regulatory databases, and relevant patent analysis
  • Statistical databases, National government documents, and market reports
  • Press releases, news articles, and webcasts specific to the companies operating in the market

The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista

Primary Research:

Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies

The contributors who typically take part in such a course include, but are not limited to: 

  • Industry participants: CEOs, CBO, CMO, VPs, marketing/ type managers, corporate strategy managers, and national sales managers, technical personnel, purchasing managers, resellers, and distributors.
  • Outside experts: Valuation experts, Investment bankers, research analysts specializing in specific markets
  • Key opinion leaders (KOLs) specializing in unique areas corresponding to various industry verticals
  • End-users: Vary mainly depending upon the market

Data Modeling and Analysis:

In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.

The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.

To know more about the research methodology used for this study, kindly contact us/click here.

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Frequently Asked Questions

How big is the Precision Fluidics Market Size?

The Precision Fluidics Market is expected to grow at an 8.0 % CAGR during the forecast period for 2023-2031.

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

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