According to Market Research Future analysis, global medical connector market has been valued at USD ~2 Billion by the end of forecast period with ~8% of CAGR during forecast period 2018 to 2022.
There has been an explosive adoption of medical electronics and electrical systems such as Magnetic resonance imaging (MRI), ultrasound, defibrillators, electrocardiography, heart-lung machines, surgical, diagnostic and therapy systems, to name a few. The growth in adoption of medical electronics and electrical systems is in direct correlation with the increase in demand for medical connectors. Adoption of ultrasound, which need high numbers of mating, cycles is another driver of the market.
Custom Designed And Refurbishing Of Medical Devices Coupled With Growing Demand Of Sterilizable, Reusable And Disposable Medical Connectors Is Driving A Significant Demand
Growing adoption of in situ diagnostic and surgical devices is driving a tremendous demand for sterilizable, reusable, hybrids, and cost-effective disposable medical connectors. The growing customization of devices to meet specific application requirements is another driver of the market. There is a significant demand for medical connectors with low-friction coatings such as silicon. Other market trends include watertight sealing, autoclavable, and surviving temperatures above 121° C for 20 minutes. Another development has been the demand for antimicrobial-coated connectors to meet FDA standards.
WHO estimates that 8.7% of hospital patients had nosocomial infections affecting over 1.4 million people worldwide. The US government will start penalizing hospitals in 2017 under the Readmissions Reduction Program (HRRP) of the Affordable Care Act, for hospital-acquired infection. This development is expected to be the most active driver for the U.S. market.
Bifurcation In Low Tech And High Tech Connectors Is Resulting In A Bimodal Market
The medical connectors market is bifurcated in low cost and cheap, low-tech devices, most of which are disposable. There is a stringent competition in this market segment. The high tech devices segment is consolidated where a premium can be charged. Thus a bimodal market exists, and firms have different market power and technologies exists side by side.
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Market Research Future (MRFR) recognizes the following companies as the key players in the global medical connector market: – ITT Corporation (U.S.), Smiths Interconnect (U.K.), TE Connectivity Ltd. (Switzerland), Amphenol Corporation (U.S.), Delphi Automotive LLP. (U.K.), Esterline Corporation (U.S.), Fisher Connectors (Switzerland), Molex (U.S.), Samtec (U.S.) Lemo S.A. (Switzerland), and among others
By application segment, the medical connector market is driven by advanced medical connector which offers quick mating, keying, vibration resist, enduring high-temp and pressure, chemical resist, and others. In medical industry, it has huge demand ranging from patient monitoring device to disposable surgical ablation catheters. These connectors are more reliable, cost-effective, low-weight designs and eliminate the potential for user fault. For instance, in medical applications where spill prevention is desired, these connectors are one of the better for them.
By Region, MRFR analysis shows that the comprehensive understanding of market dynamics, the global medical connector market is analyzed across key geographies namely North America, Europe, China, Japan, India and among others. The connectors in medical applications feature a push-pull locking mechanism that prevents accidental disconnection and others which is widely used in the medical connector market in North America region. Each of these regions is analyzed on basis of market findings across major countries in these regions for a macro-level understanding of the market.
The global medical connector market is bifurcated into material, connector size and region. The material includes metal, plastic and others. The connector size (mm) includes = 20 mm and others. The region includes North America, Europe, Asia Pacific and rest of the world.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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TABLE OF CONTENTS
1 MARKET INTRODUCTION
1.2 SCOPE OF STUDY
1.2.1 RESEARCH OBJECTIVE
1.3 MARKET STRUCTURE:
1.3.1 GLOBAL MEDICAL CONNECTOR MARKET: BY MATERIAL
1.3.2 GLOBAL MEDICAL CONNECTOR MARKET: BY CONNECTOR SIZE
1.3.3 GLOBAL MEDICAL CONNECTOR MARKET: BY REGION
2 RESEARCH METHODOLOGY
2.2 PRIMARY RESEARCH
2.3 SECONDARY RESEARCH
2.4 FORECAST MODEL
LIST OF TABLES
TABLE 1 MEDICAL CONNECTOR MARKET, BY MATERIAL
TABLE 2 MEDICAL CONNECTOR MARKET, BY CONNECTOR SIZE
TABLE 3 MEDICAL CONNECTOR MARKET, BY REGIONS
TABLE 4 NORTH AMERICA MEDICAL CONNECTOR MARKET, BY MATERIAL
TABLE 5 NORTH AMERICA MEDICAL CONNECTOR MARKET, BY CONNECTOR SIZE
LIST OF FIGURES
FIGURE 1 RESEARCH METHODOLOGY
FIGURE 2 MEDICAL CONNECTOR MARKET: BY MATERIAL (%)
FIGURE 3 MEDICAL CONNECTOR MARKET: BY CONNECTOR SIZE (%)
FIGURE 4 MEDICAL CONNECTOR MARKET: BY REGION (%)
FIGURE 5 NORTH AMERICA MEDICAL CONNECTOR MARKET, BY MATERIAL (%)