The latest published report by Polaris Market Research “Global 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.
The global needle-free IV connectors market size is expected to reach USD 1,647.7 million by 2027 and is expected to grow at a CAGR of 10.2% during 2020-2027. 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.
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Key players present in the Needle-free IV Connectors Market
- Baxter International Inc.
- B.Braun Melsungen AG
- CareFusion Corporation
- Becton, Dickinson and Company
- Nexus Medical LLC
- RyMed Technologies, LLC
- ICU Medical, Inc.
- Vygon S.A.
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 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.
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Table of Contents
Needle-free IV Connectors Market Insights
Needle-free IV Connectors Market Assessment by Mechanism
Global Needle-free IV Connectors Market, by Design Type
- Straight Channel
Needle-free IV Connectors Market Assessment by End-Use
- Ambulatory care centers
Needle-free IV Connectors Market Assessment by Geography
- North America (U.S., Canada)
- Europe (France, Germany, UK, Italy)
- Asia Pacific (Japan, China, India, Thailand)
- Latin America (Mexico, Brazil, Chile)
- MEA (UAE, Saudi Arabia, South Africa)
List of Tables
Table 1 Global Needle-free IV Connectors Market, By Mechanism, 2016 – 2027 (USD Million)
Table 2 Global Needle-free IV Connectors Market, by Positive, by Region, 2016 – 2027 (USD Million)
Table 3 Global Needle-free IV Connectors Market, by Negative, by Region, 2016 – 2027 (USD Million)
Table 4 Global Needle-free IV Connectors Market, by Neutral, by Region, 2016 – 2027 (USD Million)
List of Figures
Figure 1. Market Highlights (2019, Revenue)
Figure 2. Integrated Ecosystem
Figure 3. Research Methodology: Top Down & Bottom Up Approach
Figure 4. Market by Geography
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The report can be customized on the basis of regional analysis, segment analysis, industry outlook and competitive analysis. Some of the major focus points which are covered in the report include:
- Industry Trends, opportunity and challenges in the market
- Role of key players across the value chain
- End-User analysis to define the market strategy
- Competitive mapping
- Regional and country level breakdown
These insights are included in the report which would help you to have a realistic overview of the overall market including the competition, investment opportunities, restraints and challenges, regulatory factors which might affect the market growth. Moreover, the report would help to identify the regional market growth opportunities for different segments covered in the report.
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