Medical Connectors Market Analysis - Global Industry Size, Share, Trends and Forecast, 2014 - 2024

Healthcare and Pharmaceuticals | Delivery Format: PDF | Status: Forthcoming | Report ID: ARC452

Introduction

Medical connectors are the connectors that are used to connect several medical equipment. The major function of connectors involves transferring data, media, power, and signal. These connectors can be designed for performing single function or multiple functions in a hybrid system. Irrespective of connector type, they must all be safe and hygienic. And these connections can be achieved using radio frequency, cables, magnetic cords, etc. and wherein the rapid growth of medical or the healthcare industry sector has resulted in the development in given several modernization to the medical devices thus have also given an increasing driving the demand of for medical connectors and has boomed the Medical Connectors Market. Connectors are important parts of many medical devices. Good connector design is critical for safe and effective use of these devices. These factors are resulting in the growth medical connectors market.

Market Dynamics

Over a decade there has been a remarkable growth in healthcare department which led to the growth of various related markets such as health insurance, telemedicine, medical tourism, medical equipment, etc. Rise in percentage of hospitals and advanced health care facilities across the globe is the major reason for increasing demand of medical connectors. Also, there are constant innovations in medical equipment, thus manufacturers should provide necessary safeguards to ensure safe use of these devices and products, which increases the accountability of medical connectors. Recently reported cases of medical device misconnections were a distressing aspect. Through collaborations with industry, standards community, patients and other stakeholders, FDA continues to promote the development of connectors that reduce the risk of device misconnections and cumulative growth of medical connectors market.

Market Classification and Overview

Market for medical connectors is classified based on end users, application type, connector type and geography. Hospitals, ambulatory medical centers and diagnostic centers are classified under end user segment. Medical connectors are increasingly used in diagnostic centers owing to their numerous applications for diagnostic purposes. In 2016, diagnostic centers segment held a supreme market share in the global medical connectors market and is likely to dominate the market during the forecast period. Medical connectors are widely used in diagnostic devices, therapeutic devices, and monitoring devices. Diagnostic devices segment held the largest share in the global medical connectors market in 2016 and is anticipated to dominate the market in following years. Followed by diagnostic devices, the use of medical connectors is also gaining grip in the monitoring devices. North America, Europe and Asia – Pacific witnesses the highest growth in medical connectors markets.

Report Coverage

Market

Medical Connectors market

Analysis Period

2014 – 2024

Historic Data

2014 – 2015

Base Year

2016

Forecast Data

2017 – 2024

Market Stratification

End User, Application Type, Connector Type, Geography

Regional Scope

North America, Europe, Asia-Pacific, Latin America, Middle East and Africa (MEA)

Report Coverage

Market Trends, Drivers, Restraints, Porter's Five Forces Analysis, Competitive Analysis,

Player Profiling, Value Chain Analysis

 

Market Participants

The leading universal market players of medical connectors market include Esterline Corporation,  TE Connectivity Ltd., Amphenol Corporation, Delphi Automotive LLP., Smith Interconnect (A division of Smith Group PLC), ITT Corporation ,Fischer Connectors, Molex Incorporated, Lemo S.A. and Samtec. The flabbergast facts and figures of leading organisation is a through comprehensive breakdown from their company resources issued in public interest.

Market Segmentation

Market By End User

·         Hospitals

·         Ambulatory Medical Centers

·         Diagnostic Centers

Market By Application

·         Diagnostic Devices

·         Therapeutic Devices

·         Monitoring Devices

Market By Connector Type

·         Radio-Frequency Connectors

·         Disposable Plastic Connectors

·         Flat Surgical Silicone Cables

·         Embedded Electronics Connectors

·         Magnetic Medical Connectors

·         Others

Market By Geography

·         North America

o    U.S.

o    Canada

o    Mexico

·         Europe

o    UK

o    France

o    Germany

o    Rest of Europe

·         Asia-Pacific

o    China

o    Japan

o    India

o    Australia

o    Rest of Asia-Pacific

·         Latin America

o    Brazil

o    Chile

o    Rest of LATAM

·         Middle East and Africa (MEA)

o    South Africa

o    Saudi Arabia

o    Rest of MEA

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