Acute Care Needleless Connectors Market is Expanding at a CAGR of 10.20% by 2020

High incidence of cancer, diabetes, and chronic pains drives the global market for acute care needleless connectors. Much of the demand for acute care needleless connectors also comes from the growing geriatric population and high incidence of needlestick injuries. The intravenous administration of fluids makes use of syringes, administration sets, and the conventional needle based IV catheters.

But the problem with needle based IV systems is that it leads to needlestick injuries to most healthcare workers, which in turn increases the incidence of infections that are blood borne. In order to ensure the safety of healthcare workers, needleless connectors were first introduced in the 1980s. Thus, there was a dramatic decline in the incidence of needlestick injuries in the subsequent years. Later on it was observed that catheter related blood stream infections had increased because of needleless connectors. Several mechanisms and designs have been introduced in order to reduce the problems associated with catheters and needleless connectors.

Obtain Report Details @ https://www.transparencymarketresearch.com/acute-care-needleless-connectors-market.html

The global acute care needleless connectors market is projected to expand at 10.2% CAGR from 2014 to 2020, thereby reaching US$972 million by the end of the forecast period.

Seven-day Needleless Connectors Market to Witness Robust Growth in the Forthcoming Years

The global acute care needleless connectors market is segmented on the basis of type of design, mechanism, dwell time, and geography. Based on design type, this market is categorized into complex needleless connectors and simple needleless connectors. The segment for complex needleless connectors was the fastest growing segment in 2013.

On the basis of mechanism, the global acute care needleless connectors market is segmented into neutral fluid displacement, negative fluid displacement, and positive fluid displacement. In 2013, the segment for positive fluid displacement held the largest share of the global market because of the low costs of positive fluid displacement needleless connectors that are available commercially.

Based on dwell time, the global acute care needleless connectors market is categorized into other than seven-day needleless connectors, and seven-day needleless connectors. It is anticipated that the seven-day needleless connectors segment will expand robustly during the forecast period.

Request for Sample Copy of Report @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=4230

Expansion of Regional Markets to Drive the Asia Pacific Acute Care Needleless Connectors Market

Geographically, the global acute care needleless connectors market is segmented into Asia Pacific, North America, Europe, and Rest of the World. The global acute care needleless connectors market is dominated by North America owing to factors such as a rapidly growing geriatric population in this region, high quality healthcare infrastructure, and widespread awareness amongst healthcare professionals.

It is however, the Asia Pacific market that will expand substantially in the forthcoming years. Factors that propel the Asia Pacific acute care needleless connectors market are growing number of healthcare facilities and hospitals, high incidence of chronic ailments, and most importantly expansion of regional markets such as Australia, Southeast Asia, China, and India.

The prominent companies operating in the global acute care needleless connectors market are Vygon SA, RyMed Technologies LLC, Nexus Medical LLC, ICU Medical Inc., CareFusion Corporation, Becton Dickinson and Company, B. Braun Melsungen AG, and Baxter International Inc. High incidence of cases of catheter related blood stream infections hampers the growth of the global acute care needleless connectors market. Steep cost of branded products as against the domestic substitutes and local products is another factor restraining the market. High investments in a few of the emerging economies is likely to create lucrative growth opportunities in the global acute care needleless connectors market.

Enquiry for Discount on this Report @ https://www.transparencymarketresearch.com/sample/sample.php?flag=D&rep_id=4230

About Us

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Contact Us

Transparency Market Research
State Tower,
90 State Street, Suite 700
Albany, NY 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com

This release was published on openPR.