According to the latest report published by Credence Research, Inc. “Acute Care Needleless Connectors Market – Growth, Future Prospects and Competitive Analysis, 2018-2026,” the acute care needleless connectors market was valued at USD 648.8 Mn in 2017, and is expected to reach USD 1,029.6 Mn by 2026, expanding at a CAGR of 5.1% from 2018 to 2026.
Browse the full report Acute Care Needleless Connectors Market – Growth, Future Prospects and Competitive Analysis, 2018-2026 report at https://www.credenceresearch.com/report/acute-care-needleless-connectors-market
Growing prevalence of the needlestick injury which leads to risk of bloodborne viral infection is one of the major reasons assisting the growth of acute care needleless connectors market. According to Centers for Disease Control and Prevention (CDC), around 385,000 sharps injuries occur annually among healthcare facilities including hospitals, clinics & ambulatory centers caused due to error of healthcare personnel. However, use of acute care needleless connectors is increasing in all healthcare facilities as it prevents the proliferation of any virus transmission caused due to needles. The complications associated with catheters present inside the catheter lumen may lead to the disruption or delay of infusion therapy, reduces the pace of the patient’s progress toward therapeutic milestones, increases length of stay, and high healthcare cost. Needleless connectors enhances the treatment efficiency provided by the nursing staff in medicine administration and drawing blood from the attached catheter. Due to its several advantages acute care needleless connectors are extensively applied in healthcare settings such as acute care hospitals and ambulatory centers where intravenous administration of drugs and blood collection is important throughout the course of treatment.
The Acute care needleless connectors market was valued at USD 648.8 Mn in 2017, and is expected to reach USD 1,029.6 Mn by 2026, expanding at a CAGR of 5.1% from 2018 to 2026.
North America was observed as the largest acute care needleless connectors market due to key driving factors such as rising awareness related to disadvantages of conventional needle based catheters, high accessibility & availability of needleless connectors, and increasing number of ambulatory centers due to convenience & cost-efficiency. During the forecast period from 2018 to 2026, Asia Pacific was observed as the fastest growing region due to rising prevalence of bloodborne diseases, developing hospitals infrastructure along with acute care hospitals, and increasing expansion of market players in countries such as China, India, Malaysia & Indonesia.
Market Competition Assessment:
The acute care needleless connectors market is developing significantly and major key players in the market are concentrating on product enhancement and minimizing conventional needle based complications. The major players functioning in this market are B. Braun Melsungen AG, Baxter International Inc., CareFusion Corporation, Becton Dickinson and Company, Nexus Medical LLC, ICU Medical Inc., RyMed Technologies LLC, and Vygon SA.
Key Market Movements:
- Increasing prevalence of needlestick injuries is one of the major global concern and to prevent this acute care needleless connectors play important role
- In case of healthcare professionals and laboratory personnel globally, around 25 or more bloodborne viruses have been reported to be caused due to needlestick injuries
- Rising number of ambulatory centers globally is expected to assist the demand for acute care needleless connector which leads to fast & safe recovery
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