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Precision Fluidics Market 2024- Major Applications, Component Massive Economic Growth, Competitive Scenario, Growth With Top Companies- IDEX Health & Science LLC, Parker Hannifin Corporation, MK Fluid Systems and Others
Precision Fluidics Market| InsightAce Analytic Pvt. Ltd.
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Precision fluidics- the elements that manage small volumes of fluids- are typically desired to improve the performance of analytical instruments, clinical diagnostic tools, and patient gas supply systems. Due to an increase in the prevalence of infectious diseases, the emergence of pandemics like COVID-19, and the adoption of technologically advanced instruments to provide accurate results, the demand for clinical diagnostic and analytical tools from laboratories has increased, driving the growth of the precision fluidics market. Additionally, the market is expanding due to increased R&D for technologically improved equipment, donations from public and private organizations for R&D and purchasing diagnostic tools, and the number of end-user industries. Precision fluidics technologies have significantly created reliable drug delivery systems with improved physicochemical properties using straightforward, inexpensive, and repeatable procedures due to their growth potential.
• Dolphin Fluidics
• IDEX Health & Science LLC
• Parker Hannifin Corporation
• Bürkert
• Flex Fluidics LLC
• Key Players in the Precision Fluidics Industry:
• The Lee Company
• MK Fluid Systems
• Halma Plc, IMI Plc
• SMC
• Hamilton Company
• Bio-Chem
• IVEK
• Controlled Fluidics
• TECAN
• New England Small Tube Corporation
• Symbiont Product Development
• Diba Industries
• Gems Sensors
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Market Dynamics:
Drivers-
Globally, there is an increased demand for improved therapies as a result of the increasing prevalence of a variety of chronic illnesses and diseases. The utilization of technologies such as precision fluidics has increased as a result of the increasing number of cellular studies on chronic maladies and their treatment. The anticipated outcome of the increase in chronic illness rates is a corresponding increase in the demand for microfluidic research on these illnesses. This demand is expected to drive the market throughout the projected period, thereby enhancing the demand for precision fluidic products.
Challenges:
The high cost of products such as syringe pumps will impede market growth. These products are utilized in preclinical research, microfluidics, cellular research, mass spectrometry calibration, neuroscience, and chromatography. The cost of syringe pumps utilized in research applications is contingent upon their quality, brand, and type. The exorbitant cost of precise fluids prevents the market from expanding.
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Regional Trends:
It is anticipated that the North American Precision Fluidics market will register a substantial market share in revenue and will experience a high compound annual growth rate in the near future. The region's remarkable development is attributed to the presence of long-standing merchants, the expanding older population, and the increasing prevalence of chronic ailments as a result of the high obesity rate and unhealthy lifestyle. Additionally, the Asia Pacific region is anticipated to hold a significant market share in the global Precision Fluidics market during the forecast period. This is due to the increasing urbanization, improved living standards, and a surge in infrastructure construction projects, particularly in China and India. The Chinese government has consistently supported the ownership of intellectual property rights and the development of infrastructure. As a result, it is anticipated that the precision fluidics market will expand rapidly. Furthermore, the precision fluidics market in the region is anticipated to experience significant growth in the years ahead due to the increasing demand for healthcare services.
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Segmentation of Precision Fluidics Market-
By Component-
• Manifolds
• Pumps
• Valves
• Pressure Sensors
• Degassers
• Fluidic Systems
• Fluid Level Sensors
• Probes
• Subsystem Level-Fluidics Systems or Integration
• Flow Sensors
• Inline Filters
By Application-
• Patient Gas Delivery
• Clinical Diagnostics
• Analytical Instruments
• Others
By Region-
North America-
• Canada
• The US
• Mexico
Europe-
• The UK
• Rest of Europe
• France
• Germany
• Italy
• Spain
Asia-Pacific-
• Japan
• China
• Rest of Asia Pacific
• India
• South Korea
• South East Asia
Latin America-
• Argentina
• Brazil
• Rest of Latin America
Middle East & Africa-
• Rest of Middle East and Africa
• GCC Countries
• South Africa
Recent Developments:
• In September 2022, The Lee Company acquired TTP Ventus Limited from TTP Group in order to expand its product offering in the precision fluidics market.
• In March 2020, the respiratory and anesthetic markets were preoccupied with Parker Hannifin's introduction of the Parker LM-Pro linear motor proportional valve, which employs linear motor actuation technology.
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InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain a competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets, and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis of key market insights in a timely and cost-effective manner.
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