Acute Care Needleless Connector Market Highlights 2021-2029
The acute care needleless connector market is estimated to grow with a moderate CAGR during the forecast period, i.e., 2021-2029. An increase in research and development costs to develop innovative connector solutions catering to the dynamic customer demands and improving healthcare practices towards eliminating the causes of needle-stick injuries and infections are anticipated to drive the growth of the acute care needleless connectors market during the forecast period. The advantages offered by needleless systems over conventional intravenous systems are expected to provide significant growth opportunities in the market in the coming years. The market is also gaining from the increasing disposable income of people in emerging economies, which has enabled them to spend comfortably on expensive treatments and afford costly medication and medical devices. According to the data collected from the World Data Bank, in 2019, the global GDP per capita was estimated to be USD 11,433 compared to USD 11,385 in 2018 and USD 10,827 in 2017.
The market is segmented on connector type into simple needleless connectors, complex needleless connectors, out of which, the complex needleless connectors segment is anticipated to grab the most significant share by the end of 2021 on account of its high convenience for drug delivery and blood collection, rising prevalence of catheter-based injuries and better efficiency for intravenous medicine administrations and blood withdrawal. Moreover, simple needleless connectors are less expensive and have fewer parts as compared to complex needleless connectors. Simple needleless connectors have no internal mechanism. They are widely being used as an alternative for emergency visits alongside complex needleless connectors, which is also projected to contribute to the segment's growth during the forecast period.
Based on the end-user industry, the global acute care needleless connector market's hospital segment is projected to grow with a significant CAGR over the forecast period. The segment's growth can be attributed to the fact that due to the increasing number of emergency visits in hospitals, the demand for these connectors has increased overall. CLICK TO DOWNLOAD SAMPLE REPORT
Acute Care Needleless Connector Market Regional Synopsis
Geographically, the market is segmented into North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa region. The Asia Pacific is expected to grow at a lucrative rate over the forecast period due to the increasing prevalence of chronic diseases, favorable government initiatives on the development of healthcare infrastructure, and rapid economic consequences in Asian countries such as Japan, China India. Furthermore, in 2021, North America has emerged as one of the highest revenue-generating regions due to rising awareness levels among healthcare practitioners pertaining to the advantages of needleless connectors, improved healthcare infrastructure, and rapid growth in the geriatric population. According to the Centers for Disease Control and Prevention (CDC), the number of emergency department visits resulting in hospital admission was 16.2 million in 2016. Hence, with the increasing number of emergency department visits, the acute care needleless connectors market growth in the United States is expected to increase.
The global acute care needleless connector market is further classified on the basis of region as follows:
- North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis
Market Segmentation
Our in-depth analysis of the global acute care needleless connector market includes the following segments:
By Mechanism Type
- Positive Fluid Displacement
- Negative Fluid Displacement
- Neutral Fluid Displacement
By Connector Type
- Simple Needleless Connectors
- Complex Needleless Connectors
By End-user Industry
- Hospitals
- Clinics
- Ambulatory Surgical Centers
- Others
Growth Drivers
- Technological Advancements in Needleless Connectors
- Increasing Emergency Visits in Hospitals Increasing Geriatric Population in the World
Challenges
- Inadequate Staff Training and Lack of Technicians
Top Featured Companies Dominating the Market
- B. Braun Melsungen AG
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Baxter International Inc.
- Becton Dickinson and Company
- Cardinal Health
- CareFusion Corporation
- ICU Medical
- Nexus Medical
- RyMed Technologies
- Vygon SA
