Global Market Size, Forecast, and Trend Highlights Over 2025-2037
Acute Care Needleless Connector Market size is likely to register remarkable growth rate during the forecast period i.e., between 2025-2037.
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.
Acute Care Needleless Connector Sector: Growth Drivers and Challenges
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
Acute Care Needleless Connector Segmentation
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 2025 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.
Our in-depth analysis of the global market includes the following segments
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By Mechanism Type |
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By Connector Type |
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By End-user Industry |
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Customize this ReportAcute Care Needleless Connector Industry - Regional Synopsis
APAC Market Statistics
Geographically, the market is segmented into North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa region. Asia Pacific industry is predicted to dominate majority revenue share by 2037, due to increasing prevalence of chronic diseases, favorable government initiatives on the development of healthcare infrastructure, and rapid economic consequences in the region.
North America Market Analysis
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.
Companies Dominating the Acute Care Needleless Connector Landscape
- 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
Author Credits: Radhika Pawar
- Report ID: 2970
- Published Date: Dec 23, 2024
- Report Format: PDF, PPT
