Control Valves for Medical and Diagnostics Market: By Products;; By Direction; By Type and By Geography - Forecast 2016-2022

Valves are components which are used to control/regulate the flow of fluid, gases and slurries. In today’s dynamically changing and competitive world, the intensity of technological changes has become the hallmark of medical evolution. It is hence vital for components, subcomponents and machineries which drive such innovation to be highly efficient and reliable. They are critical in optimizing efficiency, and they are often the final control element in the operation of various equipment opted in medical array.

Control valves
Control Valve is used to control conditions such as temperature, pressure, flow level and so on by partially or fully opening or closing the shaft in response to the signals which are received remotely from controllers such as Actuators and Positioners. Control Valves are used almost in all industries. However, the major application of control valves is in offshore drilling panels, oil pressure regulation, gas supply and so on.

Isolation Valves
Isolation Valves are used to stop the flow of liquid and gases to a given location. These valves are usually used for maintenance and safety purposes. The major applications of isolation valves are in pipeline safety systems, nuclear reactors, oil & gas wells and so on.

Safety Valves
Safety Valves automatically actuates itself when the pressure of inlet side of the valve increases to a pre specified pressure, which causes the valve disc to open and discharge the media which is either steam or gas. When the pressure decreases to the pre specified value, the valve closes the valve disc again. The major applications where safety valves are used are in chemical plant, electric power boiler, gas storage tank and so on.

The Medical industry has a perpetual demand for high-performance devices that leverage advances in fields such as material sciences and electronics to improve device longevity and dependability. Control valves are being widely used to help content the emerging demand. The medical device applications in which control valves are increasingly used are oxygen delivery systems, diagnostic equipment, patient monitoring, ventilators or respirators, gas chromatography, and other equipment using flow-switching devices.

Control valves are widely adopted in medical industries. The various types of control valves include Pneumatic, Isolation, Safety, solenoid and others. This is followed by the product type implementing respiratory, infusion, patient monitoring systems, and dental equipment among others. The control valves opted is controlling the product by various directions that include 2-way, 3-way and 4-way. The controlling parameters are also segmented into different arrays that comprise of pressure, fluid, gas and air. The control valves for diagnostics and medical market is also segmented on the basis of various regions to comprehend the trends in the medical sector.

Solenoid Valves
Solenoid valve is the elementary for the advancing process industry. Since past decade, the market has experiencing a rapid upsurge in terms of technological advancements, increasing automation, and integrating the entire value chain of the process industry. Rising urbanization, increasing awareness regarding the flow control has catalyzed the growth of solenoid market in medical sector. Moreover, huge investment in industries has further fueled the solenoid valve application across the various industries such as medical, automotive and so on.

MARKET SHARE ANALYSIS
This section deals with the market share of the notable players in the Solenoid Valves market. The market for solenoid valves is a mature market where companies such as ASCO Valve, Inc (subsidiary of Emerson Electric Co.), Burkert Contromatic Corp., Danfoss Industries Pvt., Ltd., Norgren Pipe Industrial Co., Ltd., Parker Hannifin Corporation, Curtiss-Wright Corporation, CKD Corporation, SMC Corporation are notable.

ASCO Valves, a subsidiary of global market leaders in manufacturing of industrial valves- Emerson Process Management (Emerson Electric Company), is the leading manufacturer of solenoid valves used in applications to control the flow of air, water, oil, gas and steam. They also manufacture Micro-miniature solenoid valves which are used in medical and dental equipment, food and beverage dispensing systems, robotic application and so on. They are the leading player in the global solenoid market owing to the wide range of product portfolio combined with strong distribution channel worldwide.

Parker Hannifin Corporation is the second leading manufacturer of solenoid valves. They manufacture wide range of solenoid valves as well as solenoid valve drivers. They are used in wide range of water and gas application such as water filtration, ion exchange/ demineralization, reverse osmosis, quality monitoring, atmosphere control, gas blending and so on.

Danfoss Industries Pvt Ltd and Curtiss-Wright Corp. are the 3rd and 4th largest market share holders in solenoid valves market. They manufacture wide range of solenoid valves serving aerospace, power, O&G, water & waste water and various other industries. Burkert Contromatic Corp., which operates as subsidiary of Christian Burkert GmbH & Co. KG is a specialist in manufacturing of solenoid 2 and 3 way valves.

The important features to consider while selecting solenoid valves are valve type, port size, temperature, material of the body, power source, power consumption and pressure range. These are the key features specific to different applications of solenoid valves in diverse industry verticals.

Applications define the exact type of valve to be used; it varies with number of openings, closing and also the position. Companies listed above produce valves with different specifications such as 2 ways, 3 ways and 4 ways. Also the port size matters which again varies with the applications.

All the companies offer single and three phases AC or DC power supply, which gives the end users flexible options to choose from. Solenoid valves operating in certain industries may have to work in harsh conditions; hence the temperature range in which they operate is very important. The greater is the range of temperature; the better would be the flexibility of working conditions. Also the body material would be affected with the varying temperature range and also the metal reaction occurring due to different air and fluid contents, therefore the body material would also be one of the key features in selecting the valve. Power consumption is of concern in every industry, this feature will enable the user to have a better cost reduction plans.

CONTROL VALVE
This section deals with the market share of the notable players in the control valves market. The scope of control valve market encompasses several manufacturers. The market for VAP is a mature market where companies such as Pentair, Moog, Curtiss-Wright are notable.

Pentair is the leading player in the global Valves market due to its wide range of product availability across many industries which include Oil & Gas, Power, Mining, Building & Construction, Food & Beverage, Marine and Water treatment industries. This is followed by Emerson whose key market lies in the manufacture of Control Valves. Cameron majorly focuses on products for the Oil & Gas segment (Onshore as well as Offshore).

The control valves for medical and diagnostics market had revenues of around $XX bn in 2015 and this is estimated to grow at a CAGR of XX% during 2015 – 2022 to reach $XX bn in 2022. APAC is the most dominant regional market for control valves globally and is primarily being driven by the growing economies such as China, India and other South-East Asian countries and the adoption of advanced equipment in medical fields.
The major players in the Valves market are Emerson (U.S.), Cameron (U.S.), Festo Group (Germany) and many more.