Global Needle-Free IV Connectors Market , By Design Type (Straight Channel, T-Channel, Y-Channel, Multi-Channel), Mechanism (Positive, Negative, Neutral), Dwell Time (Seven-Day, Other Than Seven-day), End-User (Hospitals, Ambulatory Surgical Centers, Others), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa) Industry Trends and Forecast to 2028.
The needle-free IV connectors market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to reach at an estimated value of USD 1,359.95 million by 2028 and grow at a CAGR of 8.11% in the above-mentioned forecast period. Increase in the number of hospital admissions drives the needle-free IV connectors market.
Needle-free IV connectors is defined as the needleless devices which are used to connect administration sets, syringes and IV catheters. These connectors are used on a routine basis in hospitals for intravenous administration of numerous fluids and liquids to protect the hubs in vascular access systems. The needle free technology based systems are very helpful in reducing the risk of bacterial contamination and also helps in improving the patient outcome.
Rise in the adoption of home-based healthcare is the vital factor escalating the market growth, also increase in the stringent regulatory regulation for safe injection practices, rise in the easy availability of the these devices at low prices among others, rise in the healthcare expenditures and rise in the research and development activities in the market acts as the major factors among others driving the needle-free IV connectors market. Moreover, rise in the technological advancements and modernization in the healthcare devices and rise in the demand from emerging markets will further create new opportunities for needle-free IV connectors market in the forecasted period of 2021-2028.
However, lack of product handling knowledge and component inconsistency are the major factors among others which will obstruct the market growth, and will further challenge the growth of needle-free IV connectors market in the forecast period mentioned above.
This needle-free IV connectors market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the needle-free IV connectors market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Needle-Free IV Connectors Market Scope and Market Size
The needle-free IV connectors market is segmented on the basis of design type, mechanism, and end-user. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of design type, the needle-free IV connectors market is segmented into straight channel, T-channel, Y-channel and multi-channel.
- Based on mechanism, the needle-free IV connectors market is segmented into positive, negative and neutral.
- The needle-free IV connectors market is also segmented on the basis of end-user into hospitals, ambulatory surgical centers and others.
Needle-Free IV Connectors Market Country Level Analysis
The needle-free IV connectors market is analysed and market size insights and trends are provided by country, design type, mechanism, and end-user as referenced above.
The countries covered in the needle-free IV connectors market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the needle-free IV connectors market due to rise in the government investments and funding to improve healthcare infrastructure and increase in the awareness about use of needle-free IV connectors among people and healthcare practitioners in this region.
The country section of the needle-free IV connectors’ market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The needle-free IV connectors market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment’s, installed base of different kind of products for needle-free IV connectors market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the needle-free IV connectors market. The data is available for historic period 2010 to 2019.
Competitive Landscape and Needle-Free IV Connectors Market Share Analysis
The needle-free IV connectors’ market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to needle-free IV connectors market.
The major players covered in the needle-free IV connectors market report are BD, Ascor SA, ISACA, Smiths Group plc, B. Braun Melsungen AG, AngioDynamics and Terumo Corporation, among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Needle-Free IV Connectors Market
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