Global Acute Care Needleless Connectors Markets, 2018-2019 & 2026: Key Players are Concentrating on Product Enhancement and Minimizing Conventional Needle-Based Complications
DUBLIN, Feb. 20, 2019 /PRNewswire/ -- The "Global Acute Care Needleless Connectors Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2018 To 2026" report has been added to ResearchAndMarkets.com's offering.
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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.
Market Insights
The growing prevalence of the needlestick injury which leads to the risk of bloodborne viral infection is one of the major reasons assisting the growth of acute care needleless connectors market. According to the 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 an error of healthcare personnel.
However, the 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 the length of stay, and high healthcare cost.
Needleless connectors enhance the treatment efficiency provided by the nursing staff in medication 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.
North America was observed as the largest acute care needleless connectors market due to key driving factors such as raising awareness related to disadvantages of conventional needle-based catheters, high accessibility & availability of needleless connectors, and an 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 the 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:
-- An increasing prevalence of needlestick injuries is one of the major
global concern and to prevent this acute care needleless connectors play
an important role
-- In the case of healthcare professionals and laboratory personnel
globally, around 25 or more bloodborne viruses have been reported to be
caused due to needlestick injuries
-- The rising number of ambulatory centers globally is expected to assist
the demand for acute care needleless connector which leads to fast &
safe recovery
Key Topics Covered:
Chapter 1. Preface
1.1. Report Scope and Description
1.2. Research Methodology
Chapter 2. Executive Summary
2.1. Global Acute Care Needleless Connectors Market Portraiture
2.2. Global Acute Care Needleless Connectors Market, By Mechanism, 2017 (US$ Mn)
2.3. Global Acute Care Needleless Connectors Market, By Connector Type, 2017 (US$ Mn)
2.4. Global Acute Care Needleless Connectors Market, By End-User, 2017 (US$ Mn)
2.5. Global Acute Care Needleless Connectors Market, by Geography, 2017 Vs 2026 (Value %)
Chapter 3. Global Acute Care Needleless Connectors Market: Market Dynamics and Future Outlook
3.1. Market Overview
3.2. Challenges
3.3. Opportunities
3.4. Attractive Investment Proposition, by Geography, 2017
3.5. Competitive Landscape
3.5.1. Competitive Landscape, by Key Players, 2017
Chapter 4. Global Acute Care Needleless Connectors Market, by Mechanism, 2016 - 2026 (US$ Mn)
4.1. Overview
4.2. Positive Fluid Displacement
4.3. Negative Fluid Displacement
4.4. Neutral Fluid Displacement
Chapter 5. Global Acute Care Needleless Connectors Market, by Connector Type, 2016 - 2026 (US$ Mn)
5.1. Overview
5.2. Simple Needleless Connectors
5.3. Complex Needleless Connectors
Chapter 6. Global Acute Care Needleless Connectors Market, by End-User, 2016 - 2026 (US$ Mn)
6.1. Overview
6.2. Hospitals
6.3. Clinics
6.4. Ambulatory Centers
Chapter 7. Global Acute Care Needleless Connectors Market, by Geography, 2016 - 2026 (US$ Mn)
Chapter 8. Company Profiles
8.1. Baxter Healthcare Corporation
8.1.1. Business Description
8.1.2. Financial Information (Subject to data availability)
8.1.3. Product Portfolio
8.1.4. Key Developments
8.2. CareFusion Corporation
8.3. Becton Dickinson and Company
8.4. B. Braun Medical
8.5. RyMed Technologies
8.6. ICU Medical
8.7. Vygon SA
8.8. Nexus Medical
For more information about this report visit https://www.researchandmarkets.com/research/bkkqfm/global_acute_care?w=5
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