Acute Care Needleless Connectors Market to Expand at 10.2% CAGR from 2014 to 2020 -Transparency Market Research

The Global acute care needleless connectors market The report forecasts the market to expand at a CAGR of 10.2% during the period of 2014-2020 and reach US$972.0 million by the end of the forecast period.According to the report, titled “Acute Care Needleless Connectors Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020”, the main driver of the global market for acute care needleless connectors is the rising prevalence of needlestick injuries.Apart from this, the worldwide rise in the geriatric population base together with the increase in the incidence of chronic pain, cancer, and diabetes is propelling the demand for needleless connectors in the global arena. However, the high cost associated with branded products in comparison with local needleless connectors and the easy availability of substitutes are hindering the market at large. Additionally, the rising incidence of catheter related blood stream infection are expected to limit the growth of this market over the forecast period.

 

On the other hand, the rising investment for research and development activities in the field of needleless connectors in emerging economies are projected to open growth avenues for major market players by the market study.The global market for acute care needleless connectors has been analyzed on the basis of product designs, mechanisms of action, and dwell time in this research study.Based on product design, the market for complex needleless connectors held more than half of the overall acute care needleless connectors market in 2013. However, the market for simple needleless connectors is estimated to develop at the highest growth rate over the forecast period. 

 

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By the mechanism of action, the market for positive fluid displacement connectors held the biggest portion of the global acute care needleless connectors market in 2013. However, high risk of CRBSI associated with the positive fluid displacement connectors is likely to impede the growth of this market to an extent. This factor is also projected to fuel the demand for neutral fluid displacement connectors during the forecast period, propelling the growth of the neutral fluid displacement connectors market at the highest CAGR of 11% between 2014 and 2020. 

 

Regionally, the acute care needleless connectors market in North America led the global market in 2013 and was followed by the market in Europe. However, the market in Asia Pacific market is projected to register the highest growth rate over the period of forecast.The major participants of the global needleless connectors market profiled in this report are Baxter Int. Inc., Becton Dickinson and Co., B. Braun Melsungen, CareFusion Corp., Nexus Medical, RyMed Technologies, ICU Medical Inc., and Vygon SA.

 

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