According to the latest report published by Credence Research, Inc. “Needle-free IV Connectors Market By Mechanism (Positive Fluid Displacement Connectors, Negative Fluid Displacement Connectors, Neutral Fluid Displacement Connectors), By Design (Simple Connectors, Complex Connectors) – Growth, Future Prospects and Competitive Analysis, 2017-2025,” the worldwide market for needle-free IV connectors was valued at $579.9 million in 2016 and is anticipated to achieve $1,198.2 million by 2025, growing by 8.4% from 2017 to 2025.
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The global market for needle-free IV connectors is estimated at US$ 579.9 million for 2016 and is expected to reach US$ 1,198.2 million by 2025 with a significant CAGR of 8.4%. Increased needle-free product research and development, increased demand for more reliable techniques of IV administration, more sterilized techniques for patient compliance are some of the variables driving the industry. However, connector costs and problems associated with using needle-free connectors are hampering the worldwide needle-free IV connectors industry. An estimated 1.3 million individuals die from unsafe injection methods, according to the World Health Organization (WHO). In addition, approximately 2% of instances of HIV are triggered by unsafe injection methods. These variables therefore add to the growth of the worldwide market for needle-free IV connectors.
The worldwide needle-free IV connectors market is divided into neutral fluid displacement connectors, positive fluid displacement connectors, and adverse fluid displacement connectors based on the mechanism. This segmentation is based on connectors functioning and includes the process of fluid inside the connectors. In terms of market value, the worldwide needle-free IV connectors market for 2016 dominated by favorable fluid displacement connectors.
The worldwide needle-free IV connectors market is divided into easy and complicated connectors based on the layout. Simple IV connectors have no inner mechanism and enable the fluid to flow straight through the lumen of the device. Complex IV connectors, however, have an inner mechanism to regulate the fluid flow. In terms of market value, the 2016 worldwide needle-free IV connectors market dominated by complicated IV connectors.
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The report analyzes factors affecting market from
both demand and supply side and further evaluates market dynamics effecting the
market during the forecast period i.e., drivers, restraints, opportunities, and
future trend. The report also provides exhaustive PEST analysis for all five
regions namely; North America, Europe, APAC, MEA and South & Central
America after evaluating political, economic, social and technological factors
effecting the market in these regions.
The report also includes the profiles of needle-free IV connectors manufacturing companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, products and services offered, financial information of last 3 years, key development in past five years. Some of the key players influencing the market are BD, Baxter International, Inc., B. Braun Melsungen AG, Carefusion Corporation, ICU Medical, Inc., Nexus Medical, Rymed Technologies LLC, Vygon SA, NP Medical, and Poly Medicure Limited among others.
By Mechanism Type
- Positive Fluid Displacement Connectors
- Negative Fluid Displacement Connectors
- Neutral Fluid Displacement Connectors
By Design Type
- Simple Connectors
- Complex Connectors
By Geography Segment (2017-2025; US$ Bn)
- North America
- Asia Pacific (APAC)
- Middle East & Africa (MEA)
- Latin America