A solenoid valve is an
electromechanically controlled valve, which control the rate of flow of fluid
in systems. These devices convert electrical energy to mechanical energy, using
a magnetic reaction, which occurs when an electric current passes through the
wire in the solenoid.
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Usage of solenoid valves in the
medical devices industry is increasing at a significant pace. Use of solenoid
valves in the medical devices industry provides benefits such as efficiency,
effective temperature control, improve product lifespan, and miniaturize
components.
The global solenoid valves market
in medical device industry is primarily driven by the increase in demand for
reliable and cost-effective miniature valves with low leak rates. Furthermore,
technological advancements and the trend of miniaturization of components are
likely to drive the global market in the next few years. However, technical
failures of solenoid valves such as presence of dirt particles, inaccurate flow
and pressure, burning of coil, damaged seals, and product recalls are likely to
hamper the global market during the forecast period. Increasing investment in
R&D by major players and strategic alliances by leading companies are expected
to create lucrative opportunities in the global market.
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In terms of valve type, the
global solenoid valves market in medical device industry can be segmented into
two-way, three-way, four-way, and others. The three-way segment held a dominant
share of the global market in 2017, followed by the two-way segment. Based on
material type, the global market can be categorized into plastic, stainless
steel, and others. The stainless steel segment constituted a major share of the
market in 2017 due to higher demand of stainless steel for manufacturing solenoid
valves.
In terms of application, the
global solenoid valves market in medical devices industry can be classified
into anesthesia machines, respiratory devices, dialysis machines, drug delivery
machines, pressure relieving devices, intensive care unit devices, dental
chairs, and others (including massage equipment and hair removal devices).
Based on end-user, the global solenoid valves market in medical device industry
can be divided into medical device manufacturers, contract research
organizations, and others.
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In terms of region, the global solenoid
valves market in medical device industry can be segregated into North America,
Europe, Asia Pacific, Latin America, and Middle East & Africa. North
America and Europe held large share of the global market in 2017 owing to
strong research & development infrastructure, well-established health care
system, presence of major players, and technological advancements in these
regions. China and Japan held large share of the solenoid valves market in
medical device industry in Asia Pacific in 2017.
The market in India is estimated
to expand at a significant CAGR during the forecast period owing to the
presence of well-established domestic players. An underdeveloped health care
industry and lower technological progress are likely to hamper the market in Latin
America and Middle East & Africa during the forecast period.
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Key manufacturers operating in
the global solenoid valves market in medical device industry include Peter Paul
Electronics Co., Inc., Parker Hannifin Corp, ASCO Valve, Inc., Fim Valvole
s.r.l., Emerson, LISK IRELAND LIMITED, Kendrion, Humphrey Products Corporation,
Bürkert Fluid Control Systems, and NSF Controls Ltd.
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