Precision Fluidics Market Size, Share, Growth | 2022 - 2028

According to Precision Business Insights (PBI) latest report, the precision fluidics market is expected to be worth USD 1,983.8 billion in 2022, growing at a 14.3% CAGR from 2022 to 2028. The primary factor driving market expansion is the increased incidence of chronic disease surgery, which accounts for the rising point of care demand. The growing need for high-throughput screening approaches, low-volume sample analysis, In Vitro Diagnostics (IVD), and the development of novel technologies such as enhanced lab-on-a-chip technologies are all contributing to the market's growth. A wide range of products from key players are available to support pressure and flow control applications. They provide a vast assortment of proportional valves, shut-off valves, and pressure controllers that deliver industry-leading performance from the carrier gas to the sample. In addition, to ensure simplicity of integration, assembly, and testing, it offers a broad range of accessories to match small fluid components. By ensuring that every accessory is designed to function flawlessly with the product line, accessories assist in accelerating time to market, reducing the complexity of users' supply chain logistics, and reducing technical risk.

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Solenoid Valves Segment to Dominate the Precision Fluidics Market:
The solenoid valves segment is expected to account for a larger revenue share in the global Precision Fluidics market, with a value share of X% in the worldwide market. It is projected to grow at a X% CAGR between 2022 and 2028. Pressure relief valves, Solenoid valves, proportional valves, flow control valves, check valves, shuttle valves, and other valves are the many types of valves used in the precision fluidic market. Due to factors such as increased application scope in the automotive industry, the shift toward renewable sources of power generation, growing investments in various industries, and increasing government regulations on end-use industries across developing economies, solenoid valves are expected to grow at the fastest CAGR during the forecast period.

Asia Pacific Precision Fluidics Market:
The Asia Pacific market is expected to hold a significant market share in the global Precision Fluidics market over the forecast period. It is projected to grow at a CAGR of 15.1% in the coming years. During the forecast period, the precision fluidics market in the Asia Pacific is expected to develop at the fastest rate. Increased industrialization, investments in water infrastructure, growth in various industries (such as chemicals, power & energy, and aerospace), an increase in the number of infrastructure development projects (especially in China and India), rising standards of living, and growing urbanization are all factors driving the adoption of microfluidic components in the Asia Pacific.

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Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players:
The global Precision Fluidics market further reveals that the key players are increasingly adopting strategies such as the launch of newer products, product launches, and long-term alliances to improve market revenue share and gain significant geographic presence across the region.

The precision fluidics market is segmented based on technique, preservation solution, end user and geography.
Based on the technique, the market is segmented into the following:
• Solenoid Valves
• Proportional Valves
• Multimedia Valves
• Others

Based on the preservation solution, the market is segmented into the following:
• Analytical Chemistry
• Clinic Diagnostics
• Patient Therapy
• Print
• Anesthesia and patient monitoring
• Others

Based on geography, the market is segmented into the following:
• North America
• Europe
• The Asia Pacific
• Latin America
• MEA

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Key players' profiles in the precision fluidics market report are Edison Chouest, Tidewater, Bourbon Offshore, DOF, Swires, Maersk Supply Service, Farstad Shipping, Hornbeck, Cosl, Island Offshore Management, Gulf Mark, and Havila Shipping.

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