Press release
Needle-free IV Connectors Market predicts rise in demand by 2026| Baxter International Inc., B. Braun Melsungen AG, Becton And Others
Needle-Free IV Connectors are routinely used in the hospitals for intravenous administration of fluids and medicines to protect the hubs in vascular access systems. In order to reduce risks of possible contaminations associated with the IV administration and to curb manipulation as much as possible, needle free IV connectors can prove to be ideal in all types of IV infusions.The fluid displacement and fluid pathway are determined by the motion of the internal parts namely mechanical valve, which controls the movement and direction of the fluid in complex connectors. External characteristics such as housing, shape, and color for both the type may or may not be similar. The purpose of using needle-free IV connectors apart from the ease in infusion for both care providers and patients is to reduce the risk of needle-stick injuries among the health care providers and reducing the risk of bacterial and microbial contamination.
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Some major players operating in the needle-free IV connectors market are 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.
Government organizations and regulatory bodies namely Centers for Disease Control and prevention (CDC) have recommended the usage of needle-free connectors to reduce the incidence of sharp injuries and blood stream infections mandating its usage in medical facilities in the ‘Guidelines for the Prevention of Intravascular Catheter-Related Infections’ in 2011. Major issues associated with the conventional options of intravenous infusion are contamination from external sources during administration, blood reflux, and risk of bloodstream infections, which are addressed by needle-free IV connectors.
The global needle-free IV connectors market was valued at US$ 621.1 million in 2016 and is expected to reach a robust CAGR of 10.3% over the forecast period (2017-2025).
Needle free iv connector market
Rising incidence and prevalence of various chronic diseases and need for treatment is expected to boost the needle-free connectors market
Key features of the study:
This report provides in-depth analysis of needle-free IV connectors and provides market size (US$ Million) and Cumulative Annual Growth Rate (CAGR %) for the forecast period (2017–2025), considering 2017 as the base year
It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by the leading players
It profiles leading players in the global Needle-Free IV Connectors market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
Detailed Segmentation:
Global Needle-Free IV Connectors Market, By Design Type:
Simple, Complex
Global Needle-Free IV Connectors Market, By Mechanism:
Positive, Negative, Neutral
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Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.
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