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Medical Connector Market Regional Outlook, Key Players, Industry Forecast, 2013-2023
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The global medical connector industry has been growing due to increase in the requirement of medical devices by hospitals and rise in emerging technologies in the healthcare industry. According to the World Health Organization (WHO), around 17.5 million people die each year from cardiovascular diseases, which is about 31% of all deaths, globally. Increase in heart diseases leads to high requirement of heart machines and connectors to use them. Some of the advantages of medical connector include reliable connections for gathering data, sealing against wet applications, flexibility for glands, sealing for demanding environments, stainless steel for best longevity and hot sterilization, and good RFI/EMI shield performance.
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Globally, North America leads the global medical connector market, followed by Europe. The reasons for the dominance of North America are reimbursement for several surgeries, aging population and increasing prevalence of chronic diseases in the region. However, the Asia-Pacific market is expected to witness the highest CAGR, mainly China, Japan and India.
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Major key players in the global medical connector market include Amphenol Corporation, Delphi Automotive LLP, ITT Corporation (ITT Interconnect Solutions), Smiths Group (Smiths Interconnect), TE Connectivity Ltd., Fischer Connectors SA, Koch Industries (Molex), Esterline Technologies Corporation, LEMO SA and Samtec.
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