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Medical Connectors Market Business Opportunities with CAGR Value, and Key Manufactures
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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.
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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.
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