The future of the global small bore connector market looks promising with opportunities in the hospitals and home care setting markets. The global small bore connector market is expected to reach an estimated $780 million by 2030 with a CAGR of 4.5% from 2024 to 2030. The major drivers for this market are rising demand for minimally invasive medical procedures, growing chronic disease incidence, increasing pharmaceuticals and technological industries, as well as, technical advances in connector design that ensures safety and dependability.
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 small bore connector
market by product (liquid bore connector and gas bore connectors), application
(enteral, intravascular, respiratory, and others), end use (hospitals, home
care settings, and others), 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, liquid
bore connector and gas bore connector are the major segments of small bore
connector market by product. Lucintel forecasts that liquid bore connector will
remain the larger segment over the forecast period due to increasing incidence
of chronic illnesses necessitating ongoing medical care, like diabetes and
cardiovascular conditions facilitates precise and secure connections in medical
devices, as well as, ensuring the accurate delivery of medications and
treatments to patients.
Within this market,
hospitals will remain the larger segment over the forecast period due to uptick
in minimally invasive procedures, heightened regulations prioritizing patient
safety, and the growing requirement for standardized connectors to prevent
connection errors.
North America will
remain the largest region over the forecast period because the region boasts a
well-established healthcare infrastructure and growing acceptance of advanced
medical technologies, and this development is paralleled by an increase in
chronic illnesses and the aging demographic.
B.Braun Melsungen,
Becton Dickinson, Elcam Medical, ICU Medical, Merck, Nordson, and Qosina are
the major suppliers in the small bore connector 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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