Needle-Free IV Connectors Market Insights, Global Research and Clinical Survey Report 2021-2027
The Global Needle-Free IV Connectors Market is expected to grow at a high CAGR of 8.6% during the forecasting period (2021-2027).
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Global Needle-Free IV Connectors includes Market Analysis Report Top Companies are: Baxter International, Inc., B. Braun Melsungen AG, Becton, Dickinson and Company, CareFusion Corporation, ICU Medical, Inc., Nexus Medical LLC, RyMed Technologies, LLC, Vygon SA have their own company profiles, growth phases, and market development opportunities. This report provides the latest industry details related to industry events, import/export scenarios, and market share.
Intravenous access and drug administration is a critical and hazardous procedure with numerous complications during and post IV access. Needle-free IV connectors reduce the risk of most critical complications and aid in patient compliance. Needle-free IV catheters are utilized in aspiration and infusion procedures, where it is connected to the end of vascular catheter and enable access of the catheters. Needle-free IV catheters are needleless devices utilized for the connection of syringes, administration sets, and IV catheters.
Cancer patients are administered several strong medications through intravenous injections or infusions when they undergo chemotherapy. This results in an increased demand for safe and precise healthcare medical devices to conduct safe administration of drugs and solutions, which in turn, boosts the adoption of needle-free IV connectors. These connectors help in reducing the bloodstream infection and minimizes occlusions.
North America is the dominant share in the global Needle-Free IV Connectors market, and it is primarily attributed to factors such as the increasing incidence of chronic diseases, and the rise in the geriatric population. According to the Centers for Disease Control and Prevention (CDC), 6 in 10 adults in the US have a chronic disease of which 4 in 10 Adults have two or more.
Industry News and Update:
May 01, 2019, B. Braun Signs U.S. Distribution Agreement with Nexus Medical, LLC for Its Nexus TKO®-6P Luer Activated Anti-Reflux Device
Braun Medical Inc. and Nexus Medical, LLC entered into a long-term distribution agreement for the TKO-6P (power injectable) Luer Activated Anti-Reflux Device. The TKO-6P Luer Activated Anti-Reflux Device is designed to provide 24/7 IV catheter patency which is vital to the administration of medications and fluids. This agreement complements B. Braun’s current needleless connector portfolio offering to include an anti-reflux line of products.
May 14, 2019, B. Braun Announces $1 Billion Investment to Alleviate IV Fluid Shortages in the U.S. Healthcare System
Braun Medical Inc., a leader in infusion therapy and pain management, announced Solutions for Life, a $1 billion investment in new and enhanced IV therapy manufacturing facilities. The investments include a new state-of-the-art manufacturing facility in Daytona Beach, FL, and modernizations to existing facilities in Irvine, CA, and Allentown, PA.
February 6, 2017, ICU Medical Completes the Acquisition of Hospira Infusion Systems from Pfizer
ICU Medical Inc. (NASDAQ: ICUI) today announced that it has completed its acquisition of the Hospira Infusion Systems (HIS) business from Pfizer Inc. (NYSE: PFE). The Hospira Infusion Systems business includes I.V. pumps, solutions, and devices that, when combined with the company’s existing businesses, makes ICU Medical one of the world’s leading pure-play infusion therapy companies.
This report segments the Global Needle-Free IV Connectors Market on the basis of Types are:
On the basis of Application, the Global Needle-Free IV Connectors Market is segmented into:
Regional Analysis for Needle-Free IV Connectors Market:
North America (The United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
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Significant Features that are under Offering and Key Highlights of the Reports:
– Detailed overview of the Needle-Free IV Connectors Market
– Potential niche segment/region showing promising growth.
– Changes in industry market dynamics
– Detailed market segmentation by types (Positive, Negative, Neutral), application (Hospital, Clinic, Others), etc.
– Historical (2015-2020), current and projected market size in terms of quantity and value
– Recent industry trends and developments
– Competition situation of Needle-Free IV Connectors Market
– Key companies and product strategies
The research includes historic data from 2015 to 2020 and forecasts until 2027 which makes the report an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.
The Needle-Free IV Connectors Market Report includes estimates of market value (million USD) and volume. Top-down and bottom-up approaches are used to estimate and validate the market size of the Needle-Free IV Connectors Market and the size of various other sub-markets of the market as a whole.
The key players in the market have been identified through secondary research, and market share has been determined through primary and secondary research. Percentage splits and breakdowns are all determined using secondary and validated primary sources.
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