Europe Needle-Free IV Connectors Market to Witness Robust Growth Due to Increasing Number of Needle-Stick Injuries | Cardinal Health, Inc, Amsino International, Inc

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Needle-free IV connectors are medical devices that connect to the end of vascular catheters and enable catheter access for infusion and aspiration. The use of needle-free IV connectors reduces the risk of needle-stick injuries, and thus reduces the risk of blood borne infectious diseases. Thus, with increasing number of needle-stick injuries due to needle IV connectors, the demand for needle-free IV connectors is also increasing, driving the Europe needle-free IV connectors market growth. According to the healthmanagement.org, each year, around one million such injuries occur in the healthcare facilities across the European Union.

𝐁𝐮𝐲-𝐍𝐨𝐰 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 𝐚𝐧𝐝 𝐠𝐞𝐭 𝐔𝐏𝐓𝐎 𝟖𝟎% 𝐃𝐈𝐒𝐂𝐎𝐔𝐍𝐓

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𝐄𝐮𝐫𝐨𝐩𝐞 𝐧𝐞𝐞𝐝𝐥𝐞-𝐟𝐫𝐞𝐞 𝐈𝐕 𝐜𝐨𝐧𝐧𝐞𝐜𝐭𝐨𝐫𝐬 𝐦𝐚𝐫𝐤𝐞𝐭 𝐰𝐚𝐬 𝐯𝐚𝐥𝐮𝐞𝐝 𝐚𝐭 𝐔𝐒$ 𝟐𝟒𝟔.𝟐 𝐦𝐢𝐥𝐥𝐢𝐨𝐧 𝐢𝐧 𝟐𝟎𝟐𝟎 𝐚𝐧𝐝 𝐢𝐬 𝐞𝐱𝐩𝐞𝐜𝐭𝐞𝐝 𝐭𝐨 𝐞𝐱𝐡𝐢𝐛𝐢𝐭 𝐚 𝐂𝐀𝐆𝐑 𝐨𝐟 𝟖.𝟕% 𝐝𝐮𝐫𝐢𝐧𝐠 𝐭𝐡𝐞 𝐟𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝐩𝐞𝐫𝐢𝐨𝐝 (𝟐𝟎𝟐𝟏-𝟐𝟎𝟐𝟖).

𝐓𝐨𝐩 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬: Cardinal Health, Inc, Amsino International, Inc, ICU Medical, Inc, Vygon S.A, Baxter International Inc, Becton, Dickinson and Company, B. Braun Melsungen AG, NP Medical Inc, Poly Medicure Limited, CODAN Medizinische Geräte GmbH & Co KG, and Integrity Devices Ltd.

In the hospitals, needle-free connectors are used for intravenous administration of drugs and fluids to protect the central part of the vascular access systems. They help reduce the risk of potential contaminants associated with IV administration and prevent manipulation of all types of IV infections. Moreover, the Europe needle-free IV connectors market is witnessing robust growth due to rapid advancements in needleless connectors, such as connectors embedded with closed IV systems, and connectors preventing fluid reflux, are expected reduce the risk of bloodstream infections linked to IV administration. These IV connectors are suitable for all central, arterial, and peripheral venous catheters for the administration of drugs to patients.

Growth of the Europe needle-free IV connectors market is driven by the increasing catheter-related bloodstream infections and rising immunotherapy treatment for cancer, which are primarily administered through an IV infusion. Thus, with the increasing prevalence of cancer, the demand for needle-free IV connectors is also increasing. According to the World Health Organization (WHO), with more than 3.7 million new cases and 1.9 million deaths each year, cancer represents the second most leading cause of death and morbidity in Europe. This in turn is also expected to accelerate the Europe needle-free IV connectors market growth.

𝐊𝐞𝐲 𝐟𝐞𝐚𝐭𝐮𝐫𝐞𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐬𝐭𝐮𝐝𝐲:

◈ This report provides an in-depth analysis of Europe Needle-free IV Connectors Market and provides market size and Compound Annual Growth Rate for the forecast period (2021 – 2028), considering 2020 as the base year

◈ This study also provides key insights about market drivers, restraints, opportunities, market trends, regional outlook, and competitive strategy adopted by the leading players

◈ It elucidates potential revenue opportunities across different segments and explains the attractive investment proposition matrix for this market

◈ It profiles leading players in the global Europe Needle-free IV Connectors Market based on the following parameters – company overview, financial performance, product portfolio, market presence, key developments and strategies

◈ Insights from this report would allow marketers and the management authorities of the companies to make an informed decision regarding their future launches, technology up-gradation, market expansion, and marketing tactics

◈ The global Europe Needle-free IV Connectors Market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts

◈ Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the Europe Needle-free IV Connectors Market.

𝐂𝐎𝐕𝐈𝐃-𝟏𝟗 𝐈𝐦𝐩𝐚𝐜𝐭

Similar to other industries, healthcare sector has been hit by the outbreak of COVID-19 pandemic. Medical device manufacturers are struggling to get relevant clinical data for the development of new devices since majority of healthcare facilities are experiencing a massive surge of patients. However, these manufacturers have adopted to the changed circumstances by reorganizing their strategies and reshuffling their resources to cater to the current demand.

Major Question Answered in Europe Needle-free IV Connectors Market report:

➊ What will the market size be in 2028 and what will the growth rate be?

➋ What are the key market trends and growth drivers?

➌ What is the new project investment feasibility?

➍ How does the market relate to the overall economy, demography and other similar markets?

➎ What is the regional supply/demand, import/export, capacity, production, production value?

➏ What are the challenges faced by key players in this market?

Needle-free IV connectors are medical device that are used to avoid the risk of bacterial contamination, which is observed in patients using needle IV connectors. Needle free IV connectors are suitable for all peripheral, arterial, and central venous catheters for the administration of IV fluids or medication to patients. Needle-free IV connectors are mainly categorized on their design type such as straight channel, T-channel, Y-channel, and multi-channel. Needle-free IV connectors have three different mechanism of action such as positive fluid displacement, negative fluid displacement, and neutral fluid displacement.

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