Market
Scenario:
Medical connectors are used to
interconnect different medical electronic equipment, such as diagnostic
devices, surgical instruments, therapy applications, surgery assist devices,
and disposable equipment with one another. The global medical connector market
is projected to expand at a CAGR of 8 % between the forecast period of 2017 and
2023.
Market
Dynamics:
Growing Adoption Of Medical
Devices Is The Critical Determinant Of The Market
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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Key Players:
Some of the prominent vendors
operating in the global medical connector market are 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 others.
Medical Connector Market Segmentation:
To generate a definitive
understanding of the global medical
connector market, the report is segregated based on light
source type, offering, applications, and region.
Based on the materials, the
market is segregated by plastic, metal, and others
Based on the connector size, the
market is segmented by <=10 mm,11mm -20 mm, >= 20 mm and others
Based on the regions, the market
is segmented by North America, Europe, APAC and Rest of the World Regional
Analysis:
North America led by the U.S. is
the largest market for medical connectors market owing to massive demand,
the presence of significant players and wide adoption of medical devices.
Europe is led by Germany, France,
and the U.K. The large medical devices industry of Germany is a prime driver of
the European market.
Asia-Pacific region is dominated
by China, Japan, and India and expected to grow at the highest CAGR in the
coming years. The Middle East and Africa region are dominated by Gulf economies
of Saudi Arabia, UAE, Kuwait, and Qatar.
Intended
Audience:
·
Hospitals and clinics
·
Research institutes
·
Product sales and distribution
companies
·
Original equipment manufacturers
·
Original design manufacturers
·
Research and development
companies
·
Market research and consulting
firms
·
Technology standards
organizations
·
Technology investors
·
System Integrators
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Table of
Contents:
1 Market
Introduction
1.1 Introduction
1.2 Scope of Study
1.2.1 Research Objective
1.2.2 Assumptions
1.2.3 Limitations
1.3 Market Structure
Continued…
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