Press release
Acute Care Needleless Connectors Market to Reach an Opportunity of US$ 972.0 Mn by the End of 2020
Transparency Market Research
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The global acute care needleless connectors market has been segmented based on the type of mechanism. Positive fluid displacement connectors segment accounted for the largest market share of around 34% in 2013. Dominance of this segment was mainly attributed to low cost of the commercially available positive fluid displacement needleless connectors. However, suspected link of positive fluid displacement connectors with increased rate of catheter related blood stream infection is anticipated to limit the growth of this market during the forecast period from 2014 to 2020.
The commercially available needleless connectors are majorly of two types, simple and complex. Simple needleless connectors are less expensive as they have fewer parts compared to complex needleless connectors. In addition, simple connectors do not have internal moving parts thus offering straight fluid pathway. Whereas, complex connectors have internal mechanical valves that leads to non-straight fluid pathway. Complex needleless connectors market was dominant in terms of revenue in 2013 majorly due to higher cost of these devices and large availability of products with mechanical valves in the market. However, increasing incidences of catheter-related bloodstream infections (CRBSI) and catheter lumen occlusion due to the use of complex needleless connectors, the demand for simple needleless connectors is likely to grow rapidly during the forecast period between 2014 and 2020.
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Based on dwell time, the global acute care needleless connectors market has been segmented into 7 days connectors and other than 7 days connectors. The other than 7 day needleless connectors segment is anticipated to grow at the highest CAGR during the forecast period. Since, these connectors are available at a cheaper rate and offer added credibility of reduced risk of CRBSI infection rate than the 7 day needleless connectors.
Geographically, North America is leading the global acute care needleless connectors market. High awareness among healthcare practitioners, improved healthcare infrastructure and rapid growth in aging population are the major factors driving the market in North America. Furthermore, Asia Pacific is anticipated to show significant growth in the forecast period owing to increasing prevalence of chronic diseases, growing number of hospitals and healthcare facilities, and geographical expansion of market players in India, China, Southeast Asia, and Australia. Key players mapped in the report include, Baxter International Inc., B. Braun Melsungen AG, Becton Dickinson and Company, CareFusion Corporation, ICU Medical Inc., Nexus Medical LLC, RyMed Technologies LLC, and Vygon SA.
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Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends 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.
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