Needle-Free IV Connectors Market Analysis and Forecast by 2031

MARKET OVERVIEW

Needle-free IV connectors refers to the needleless devices that are used to connect administration sets, syringes and IV catheters. These connectors are used on a routine basis in hospitals for intravenous administration of various fluids and liquids in order to protect the hubs in vascular access systems. The needle free technology based systems are used to reduce the risk of bacterial contamination and improve the patient outcome.

MARKET SCOPE

The "Global Needle-Free IV Connectors Market Analysis to 2031" is a specialized and in-depth study of the medical device industry with a special focus on the global market trend analysis. The report aims to provide an overview of the needle-free IV connectors market with detailed market segmentation by design type, mechanism, dwell time, and geography. The report provides key statistics on the market status of the leading needle-free IV connectors market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•   Based on design type, the global needle-free IV connectors market is segmented as simple and complex.
  
•   Based on mechanism, the global needle-free IV connectors market is segmented as positive, negative, and neutral.
  
•   Based on dwell time, the global needle-free IV connectors market is segmented as seven days and other than seven days.
  

MARKET DYNAMICS

Drivers

•   Rising number of hospital admissions
  
•   Stringent regulatory regulation for safe injection practices
  

Restraints

•   Product failures
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Needle-Free IV Connectors Market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the Needle-Free IV Connectors Market in these regions.

IMPACT OF COVID-19 ON NEEDLE-FREE IV CONNECTORS MARKET

COVID-19 was first observed at Wuhan (China) during December 2019. Within just 4 months, the virus infected majority part of Europe and North America. During the third quarter of 2021, US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain were the worst affected countries in terms confirmed cases and reported deaths. Extensive growth in number of hospital admissions due to COVID-19 played a major role in the growth of the market. Massive demand for hospital supplies due to sudden rise in number of COVID-19 patients is also anticipated to have positive impact on the market growth.

MARKET PLAYERS

The report covers key developments in the Needle-Free IV Connectors Market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Needle-Free IV Connectors Market are anticipated to lucrative growth opportunities in the future with the rising demand for customized procedure trays in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Needle-Free IV Connectors Market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   BD
  
•   Baxter International, Inc.
  
•   B. Braun Melsungen AG
  
•   Carefusion Corporation
  
•   ICU Medical, Inc.
  
•   Nexus Medical
  
•   Rymed Technologies LLC
  
•   Vygon SA
  
•   NP Medical
  
•   Poly Medicure Limited
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Needle-Free IV Connectors Report Scope