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Medical Connectors Market 2023 - Global Industry Trends, Analysis, Growth and Future Scope
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Based on product, the medical connectors market has been categorized into board to board, I/O rectangular, push-pull, radio-frequency, disposable plastic, hybrid circular connectors and receptacle systems, power/high voltage and other connectors. Board to board connectors occupied the largest share in the medical connectors industry throughout the analysis period as they conform to rigorous safety standards, including prevention of inadvertent plug disengagement and increased shock rating and further generated revenue of $725.8 million in 2016.
These connectors are used in various medical applications such as diagnostic imaging, patient monitoring, cardiology, electrosurgical, dental and other applications. Medical connectors are mostly utilized in diagnostic imaging devices globally since these are used for diagnosing various diseases and are basically the first step before providing any treatment to the patient. Medical connectors used in diagnostic imaging devices generated revenue a $527.8 million in 2016.
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Globally, the key providers in the medical connectors market are launching new products to gain a larger market share. For instance, in August 2017, TE Connectivity Ltd. (TE), announced its cabled STRADA Whisper product line. This cabled STRADA Whisper connectors eliminate the need for printed circuit board (PCB) backplanes to achieve improved performance and flexibility as data speeds increase. In February 2017, ITT Technologies Corporation’s Cannon brand introduced its ARINC 801 Fiber Optic Connector Series which has a high-bandwidth interconnect solution that provides maximum performance and reliability for commercial and military aviation, and shipboard systems.
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Some of the other key players operating in the medical connectors industry include Amphenol Corporation, Delphi Automotive PLC, Smiths Group plc, ITT Interconnect Solutions (ITT Corporation), Fischer Connectors SA, LEMO SA, Samtec, Inc., Molex, LLC, and Esterline Technologies Corporation.
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