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Friday, October 13, 2023

Global Acute Care Needleless Connectors Market is anticipated to grow at a CAGR of 8.1% during 2024 to 2030

The future of the global acute care needleless connectors market looks promising with opportunities in the hospital, clinic, ambulatory surgery center, and homecare setting markets. The global acute care needleless connectors market is expected to reach an estimated $1.4 billion by 2030 with a CAGR of 8.1% from 2024 to 2030. The major drivers for this market are increasing demand for improved techniques in intravenous blood withdrawal and drug administration, technological progress in needleless connections for acute care, and a heightened risk of needle-related accidents during surgical procedures.

Some of the key questions answered in this exclusive report are:

Q.1. What are some of the most promising, high-growth opportunities for the acute care needleless connectors market by mechanism (luer-activated, push-to-connect, twist-to-connect), type (positive displacement, negative displacement, and neutral displacement), application (hospital, clinic, ambulatory surgery centers, and homecare settings), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3.  Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6.  What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?

Market Segmentation:

In this market, positive displacement, negative displacement, and neutral displacement are the major segments of acute care needleless connectors market by type. Lucintel forecasts that positive displacement will remain the higher growing segment over the forecast period because it is designed for the connection of two intravenous catheters or other medical devices without the need for needles, and this process involves utilizing a hollow plastic tube.

Within this market, hospital will remain the largest segment over the forecast period as the hospitals widely employ these connectors because of their sterile nature, which helps to minimize the transmission of infections, thereby reducing the risk of contact with bacteria and other infectious agents.

North America is expected to witness highest growth over the forecast period due to growing elderly demographic, substantial healthcare spending, and favorable reimbursement policies, as well as, rising need for outpatient healthcare services and a surge in the incidence of chronic diseases.

Vygon, RyMed Technologies, Nexus Medical, ICU Medical, CareFusion, Becton Dickinson, B. Braun Melsungen, Baxter International, Cardinal Health, and Guangdong Baihe Medical Technology are the major suppliers in the acute care needleless connectors market.

About Lucintel

Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries.

Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email:
roy.almaguer@lucintel.com
Tel. 972.636.5056

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