Mechanical Valve Needleless Infusion Connector Market Trends: the global market size is projected to grow from USD 138 million in 2023 to USD 190 million by 2029

Needleless infusion connectors are one of the important components of needleless infusion systems. These connectors eliminate the need for steel needles to pierce rubber stoppers and connect infusion sets or syringes to indwelling cannulas, including CVCs, PICCs, and peripheral intravenous catheters. The needle-based injection is changed to a needle-free injection system, and the sealing function of the infusion channel can still be maintained after the infusion set or syringe is disconnected. Needleless infusion connectors can avoid the use of needles for repeated punctures and reduce stabbing injuries to medical staff.

According to the new market research report "Mechanical Valve Needleless Infusion Connector - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030", published by QYResearch, the global Mechanical Valve Needleless Infusion Connector market size is projected to grow from USD 138 million in 2023 to USD 190 million by 2029, at a CAGR of 5.5% during the forecast period.

• Global Mechanical Valve Needleless Infusion Connector MarketSize(US$ Million), 2018-2029

Source: QYResearch, "Mechanical Valve Needleless Infusion Connector - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”

• Global Mechanical Valve Needleless Infusion Connector Top16 Players Rankingand Market Share (Ranking is based on the revenue of 2022, continually updated)

Source: QYResearch, "Mechanical Valve Needleless Infusion Connector - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”

According to QYResearch Top Players Research Center, the global key manufacturers of Mechanical Valve Needleless Infusion Connector include BD, B. Braun, ICU Medical, Terumo Medical, Vygon, Henan Tuoren Best Medical Device, Guangdong Baihe Medical Technology, Super Health Medical, Weigao Group, JiangXi HuaLi Medical, etc. In 2022, the global top five players had a share approximately 42.2% in terms of revenue.

• Mechanical Valve Needleless Infusion Connector,Global Market Size, Split by Product Segment

Source: QYResearch, "Mechanical Valve Needleless Infusion Connector - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”

In terms of product type, Positive Pressure Connector is the largest segment, hold a share of 55.8%,

• Mechanical Valve Needleless Infusion Connector,Global Market Size, Split by ApplicationSegment

Source: QYResearch, "Mechanical Valve Needleless Infusion Connector - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”

In terms of product application, Hospital is the largest application, hold a share of 79.6%,

Market Drivers:

The medical device industry is an important industry related to the national economy and people's livelihood, and is a key area of strategic emerging industries. In order to accelerate the transformation of the medical device industry from large to strong, the country has intensively promulgated a series of policies and regulations on the medical device industry. Local government authorities have also successively introduced a series of detailed support measures to accurately cultivate high-quality enterprises in the industry to become bigger and stronger through tax incentives, financial subsidies and other forms, laying a solid foundation for the development of the medical equipment and medical consumables industry.

With the improvement of residents' income levels and people's awareness of health care, the deepening of urbanization and the aging of society, per capita health care expenditures continue to grow, providing a broad market space for medical consumables.

Restraint:

The end price (the price ultimately paid by patients, healthcare providers, or other end users) is higher than traditional product prices.

The use of needleless infusion connectors requires medical professionals to be trained to ensure proper use and operating procedures. This involves additional cost and time.

Opportunity:

In recent years, the number of outpatient visits in medical and health institutions across the country and the number of hospitalizations in medical and health institutions across the country have increased, as well as the frequency of residents receiving infusion therapy, vaccinations, diagnostic examinations, and specialist diagnosis and treatment. The market size of my country's infusion management medical devices has shown an increasing trend year by year.

High-end products with high technical content and high added value are mainly monopolized by imported products. my country's needleless infusion connector manufacturers with technological and financial advantages have increased investment in research and development, introduced professional and technical talents, and learned from foreign technological advantages and management models, gradually moving towards the high-end market.

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