The global needle-free IV connectors market size is expected to reach USD 1,647.7 million by 2027 according to this new study. The report “Needle-Free IV Connectors Market Share, Size, Trends, Industry Analysis Report, By Mechanism (Positive, Negative, and Neutral); By Design Type (Straight Channel, T-channel, Y-channel, and Multi-channel); By Dwell Time (Seven Days, and More than 7 Days), By End User (Hospitals, Ambulatory Surgical Centers, and Others); By Regions; Segment Forecast, 2020-2027” gives a detailed insight into current market dynamics and provides analysis on future market growth.
Needle free IV connectors (NFC) are small needleless devices used within intra-venous (IV) catheters, administration sets, and syringes. NFC is the basic medical supply present in any healthcare facility to administer fluid, drug or medication in different vascular access systems. These needle-free systems are designed with the purpose to reduce needle stick injuries, bacterial contamination in the blood to improve patient outcome.
The complications associated with the needle based connectors such as catheter based blood stream infections and the catheter lumen occlusion are acting as the drivers for the NFC market. The set of NFCs are coming up with superior designs and features to reduce the length of hospital stays and economic burden.
The prominent factors responsible for the growth of NFCs market the rising hospital admission rate, particularly among geriatrics, needle stick injuries among healthcare workers, and superior quality as compared to conventional systems. In 2016, the Center of Disease Control and Prevention (CDC) estimated more than 8.5 million people in the U.S have peripheral artery disease (PAD), out of which approximately 20% of the individuals were above age 60 years. The prevalence of the PAD is estimated equal among the men and women population. The primary reason behind the widespread of these diseases is less awareness among the population, especially in growing economies of the APAC region.
Market participants such as RyMed Technologies, LLC, Baxter International Inc., CareFusion Corporation, B. Braun Melsungen AG, Nexus Medical LLC, Becton, Dickinson and Company, ICU Medical, Inc., and Vygon S.A. are some of the key players operating in the concerned market. The factors such as superior designs, unique features, user friendliness with the healthcare workers, price, technology, and strong distribution in the geographical area are the competitive forces impacting the player presence in the area. The bigger companies are focusing on signing long term exclusive distribution agreement to remain dominant force in the market. In May 2019, B. Braun and Nexus Medical signed an agreement to distribute TKO-6P luer activated anti-reflux device. This will increase customer coverage with enhanced patient care for both the parties.
The publisher has segmented the needle-free IV connectors market report on the basis of mechanism, design type, dwell time, end user, and region
Positive
Negative
Neutral
Straight Channel
T-Channel
Y-Channel
Multi-Channel
Seven Days
More than 7 Days
Hospitals
Ambulatory care centers
Other
North America
U.S.
Canada
Europe
France
Germany
UK
Italy
Spain
Netherlands
Austria
Asia Pacific
China
India
Japan
Malaysia
South Korea
Indonesia
Central & South America
Mexico
Brazil
Argentina
Middle East & Africa
UAE
Saudi Arabia
Israel
South Africa
The complications associated with the needle based connectors such as catheter based blood stream infections and the catheter lumen occlusion are acting as the drivers for the NFC market. The set of NFCs are coming up with superior designs and features to reduce the length of hospital stays and economic burden.
The prominent factors responsible for the growth of NFCs market the rising hospital admission rate, particularly among geriatrics, needle stick injuries among healthcare workers, and superior quality as compared to conventional systems. In 2016, the Center of Disease Control and Prevention (CDC) estimated more than 8.5 million people in the U.S have peripheral artery disease (PAD), out of which approximately 20% of the individuals were above age 60 years. The prevalence of the PAD is estimated equal among the men and women population. The primary reason behind the widespread of these diseases is less awareness among the population, especially in growing economies of the APAC region.
Market participants such as RyMed Technologies, LLC, Baxter International Inc., CareFusion Corporation, B. Braun Melsungen AG, Nexus Medical LLC, Becton, Dickinson and Company, ICU Medical, Inc., and Vygon S.A. are some of the key players operating in the concerned market. The factors such as superior designs, unique features, user friendliness with the healthcare workers, price, technology, and strong distribution in the geographical area are the competitive forces impacting the player presence in the area. The bigger companies are focusing on signing long term exclusive distribution agreement to remain dominant force in the market. In May 2019, B. Braun and Nexus Medical signed an agreement to distribute TKO-6P luer activated anti-reflux device. This will increase customer coverage with enhanced patient care for both the parties.
The publisher has segmented the needle-free IV connectors market report on the basis of mechanism, design type, dwell time, end user, and region
Needle-Free IV Connectors Mechanism Outlook (Revenue-USD Million, 2016-2027)
Positive
Negative
Neutral
Needle-Free IV Connectors Design Type Outlook (Revenue-USD Million, 2016-2027)
Straight Channel
T-Channel
Y-Channel
Multi-Channel
Needle-Free IV Connectors Dwell Time Outlook (Revenue-USD Million, 2016-2027)
Seven Days
More than 7 Days
Needle-Free IV Connectors End-Use Outlook (Revenue-USD Million, 2016-2027)
Hospitals
Ambulatory care centers
Other
Needle-Free IV Connectors Regional Outlook (Revenue-USD Million, 2016-2027)
North America
U.S.
Canada
Europe
France
Germany
UK
Italy
Spain
Netherlands
Austria
Asia Pacific
China
India
Japan
Malaysia
South Korea
Indonesia
Central & South America
Mexico
Brazil
Argentina
Middle East & Africa
UAE
Saudi Arabia
Israel
South Africa
Frequently Asked Questions about the Needle-Free IV Connectors Market
What is the estimated value of the Needle-Free IV Connectors Market?
What is the growth rate of the Needle-Free IV Connectors Market?
What is the forecasted size of the Needle-Free IV Connectors Market?
Who are the key companies in the Needle-Free IV Connectors Market?
| Report Attribute | Details |
|---|---|
| No. of Pages | 117 |
| Published | July 2020 |
| Forecast Period | 2020 - 2027 |
| Estimated Market Value ( USD | $ 763.8 Million |
| Forecasted Market Value ( USD | $ 1647.7 Million |
| Compound Annual Growth Rate | 11.6% |
| Regions Covered | Global |
| No. of Companies Mentioned | 11 |
Table of Contents
Introduction
List of Tables
List of Figures
Companies Mentioned
- RyMed Technologies
- LLC
- Baxter International Inc.
- CareFusion Corporation
- B. Braun Melsungen AG
- Nexus Medical LLC
- Becton
- Dickinson
- Company
- ICU Medical Inc.
- Vygon S.A.
