Medical Connectors Market Trends, Size, Share, Growth, and Top Manufacturers

The increasing demand for miniaturized connectors, expanding medical devices industry, surging aging population, and rising prevalence of chronic diseases are some of the major reasons behind for the prosperity of the medical connectors market. In 2016, the market attained a size of $1.9 billion, and it is projected to generate a revenue of $2.8 billion by 2023, progressing at a CAGR of 6.3% during the forecast period (2017–2023). Medical connectors are used to latch or un-latch the tubing in medical devices and connect such devices and systems for transferring signals, data, media or power.

Access Detailed Report Summary at: http://bit.ly/2ZU5PTu

Based on product, the medical connectors market is broadly categorized into board-to-board, push-pull, radio-frequency, input/output (I/O) rectangular, and disposable plastic. Out of these, in 2016, board-to-board connectors dominated the market with a revenue contribution of $725.8 million, and these are predicted to continue dominating it during the forecast period. This is attributed to the fact that these connectors comply with strict safety standards, such as prevention of inadvertent plug disengagement, and have a better shock rating.

Download Report Sample at: https://www.psmarketresearch.com/market-analysis/medical-connector-market/report-sample

Similarly, as per the World Bank, in 2012, in the U.S., 30,537 surgeries were done per 100,000 population. In 2015, the number of surgical procedures done in Australia was 28,907 per 100,000 population. As per a World Health Organization publication of 2016, nearly 359.5 million surgeries were performed in 2012 around the world. The continuous increase in the surgery volume is further expected to accelerate the use of medical devices and significantly contribute to the growth of the medical connectors market.

Thus, the increasing adoption of miniaturized connectors and the growing aging population are expected to boost the market advance during the forecast period.

About P&S Intelligence
P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.

Contact:
P&S Intelligence
Toll-free: +1-888-778-7886 (USA/Canada)
International: +1-347-960-6455
Email: enquiry@psmarketresearch.com
Web: https://www.psmarketresearch.com

This release was published on openPR.