U.S. Disinfecting Cap Market is expected to be valued at US$ 359.3 million in 2019, and is expected to exhibit a CAGR of 10.7% over the forecast period (2019-2027), as highlighted in a new report published by Coherent Market Insights.
Disinfecting Cap is a revolutionary device that disinfects ports in less than a minute, and protects them for up to 7 days. It’s easy to apply and stays in place on most needleless connectors. Moreover, the disinfecting cap is available in a wide range of sizes, and is compatible with a wide variety of connector types. In addition, it has a convenient twist-on design that makes it easy to install.The Disinfecting Cap can be made of nonlatex, colored, and reusable. In most cases, it includes a sponge or foam saturated with a disinfectant. However, one type is a single-use device. At present, five types of disinfecting caps are available in the market.
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Growing demand for disinfecting caps in hospitals to prevent hospital acquired infection (HAI) is expected to provide immense growth opportunities for industry players operating in the U.S market. The US Center for Disease Control and Prevention identifies that nearly 1.7 million hospitalized patients annually acquire HCAIs while being treated for other health issues and that more than 98,000 patients (one in 17) die due to these.
Similarly, in January 2016, ICU Medical Inc. announced the peer-reviewed results of a study published in Infection Control & Hospital Epidemiology journal. The study results showed that the use of the SwabCap disinfecting cap for needle-free connectors successfully reduced central line–associated bloodstream infections (HA-CLABSI) and blood culture contamination (BCC) in hematology-oncology patients.
Key players in the market are focused on adopting expansion strategies such as mergers and acquisitions, agreements and partnerships in order to expand their product portfolio and presence in the disinfecting cap market. For instance, in March 2016, ICU Medical Inc. signed a distribution agreement with B. Braun Melsungen. Under this agreement, B.Braun agreed to distribute SwabCap, the disinfecting cap used to prevent CLABSI infection, to more than 30 countries outside the U.S.
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Similarly, in November 2019, ICU Medical, Inc. acquired Pursuit Vascular, Inc., a medical device company engaged in the development of innovative catheter disinfecting products and technologies to reduce the risk of bloodstream infections associated with catheters.
Key Takeaways of the U.S. Disinfecting Cap Market:
- The U.S. disinfecting cap market is expected to exhibit a CAGR of 10.7% over the forecast period owing to increasing demand for disinfecting caps for prevention of hospital acquired infections (HAI). For instance, in January 2016, ICU Medical Inc. announced that the peer-reviewed study by clinicians at New York City’s Memorial Sloan Kettering Cancer Center showed that the incidence of central line-associated bloodstream infections and blood culture contamination decreased by using ICU Medicals’ Swabcap, which led to an annual savings of US$ 3.2 million in direct medical costs.
- Among application, the central venous line segment held the major market share in 2019, due to growing adoption of disinfecting caps for preventing hospital acquired infections (HAI). For instance, according to a study published in 2017 by 3M, Curos disinfecting cap achieved 99.99% efficiency in reducing 6 microbes (Staphylococcus auras, Staphylococcus epidermidis, Escherichia coli, CANDIDA albicans, Pseudomonas aeruginosa, and Candida glabarta), which are associated with CLABSI.
- Among end user, the hospitals and clinics segment held a major market share in 2019. Hospitals are major end users of disinfecting caps as these caps are majorly used to protect catheters and I.V. access points from contamination risk
- The companies operating in the U.S. disinfecting cap market include ICU Medical, C.R. Bard, Becton, Dickinson and Company, 3M, Merit Medical Systems, and other prominent players.
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Table of Contents
- Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
- Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Application
- Market Snippet, By End User
- Coherent Opportunity Map (COM)
- Report Description
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Impact Analysis
- Market Trends
- Key Developments
- Regulatory Scenario
- Reimbursement Scenario
- Merger and Acquisition Scenario
- PEST Analysis
- Porter’s Analysis
- Advantages of Disinfecting Cap
- Brand Market Presence By Application
- Market Dynamics
- U.S. Disinfecting Cap Market, By Application, 2016 – 2027, (US$ Mn)
- Introduction
- Market Share Analysis, 2019 and 2027 (%)
- Y-o-Y Growth Analysis, 2017 – 2027
- Segment Trends
- Central Venous Line
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Peripheral IV Catheters
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Introduction
- U.S. Disinfecting Cap Market, By End User, 2016 – 2027, (US$ Mn)
- Introduction
- Market Share Analysis, 2019 and 2027 (%)
- Y-o-Y Growth Analysis, 2017 – 2027
- Segment Trends
- Hospitals and Clinics
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Ambulatory/Outpatient Surgical Centers
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Introduction
View Press Release: https://www.coherentmarketinsights.com/press-release/us-disinfecting-cap-market-2923
About Coherent Market Insights:
Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.
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