Research Nester released a report titled “Acute Care Needleless Connector Treatment Market: Global Demand Analysis & Opportunity Outlook 2029″ which delivers detailed overview of the global acute care needleless connector market in terms of market segmentation by mechanism type, connector type, end-user industry and region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The acute care needleless connector market is projected to grow with a moderate CAGR during the forecast period, i.e., 2021-2029 on account of the increasing number of emergency department visits, the acute care needleless connectors market in the United States is expected to increase. According to the Centers for Disease Control and Prevention (CDC), the number of emergency department visits resulting in hospital admission was 16.2 million in 2016.
The market is segmented on connector type into simple needleless connectors, complex needleless connectors, out of which the complex needleless connectors segment is anticipated to grab the most significant share by the end of 2021 on account of its high convenience for drug delivery and blood collection, rising prevalence of catheter-based injuries and better efficiency for intravenous medicine administrations and blood withdrawal. Moreover, simple needleless connectors are less expensive and have fewer parts as compared to complex needleless connectors. Simple needleless connectors have no internal mechanism. They are widely used as an alternative for emergency visits alongside complex needleless connectors, which is also projected to contribute to the segment’s growth during the forecast period.
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Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The acute care needleless connector market in the Asia Pacific is projected to grow at the highest CAGR throughout the forecast period. Currently, the market in North America holds the largest share. This can be attributed to leading healthcare providers in the region, especially in the United States, who are extensively involved in the research and development of needleless procedures.
Increase in number of emergency visits in hospitals to Drive the Market Growth
According to the Centers for Disease Control and Prevention (CDC), number of emergency department visits resulting in hospital admission were 16.2 million in 2016.
Acute care needleless connectors are essential devices connected to the end of vascular catheters and enable catheter access for infusion and aspiration. Due to an increase in the number of emergency visits in hospitals, the demand for these connectors has increased overall. Technological advancements have provided various mechanisms that have also helped these connectors be used for multiple purposes.
This report also provides the existing competitive scenario of some of the key players of the global acute care needleless connectors market which includes company profiling of BD (NYSE: BDX), Baxter International, Inc. (NYSE: BAX), RyMed Technologies LLC, Vygon SA, B. BRaun Melsungen AG, ICU Medical Inc. (NASDAQ: ICUI), Nexus Medical (ETR: NXU), Guangdong Baihe Medical Technology Co. Ltd., JCM MED, and Cardinal Health Inc. (NYSE: CAH) among others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global acute care needleless connectors market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
“The Final Report will cover the impact analysis of COVID-19 on this industry.”
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