Transparency Market Research

Rising Prevalence of Needlestick Injuries Drive Demand for Acute Care Needleless Connectors: Market to Expand at 10.20% CAGR Between 2014 and 2020

Transparency Market Research Report Added "Acute Care Needleless Connectors Market" to its database.


Albany, NY -- (SBWIRE) -- 10/28/2015 -- A recent market research study published by the market research company Transparency Market Research (TMR) examines the global market for acute care needleless connectors. The report projects that the market will expand at a healthy 10.2% CAGR between 2014 and 2020 and rise to a valuation of US$972.0 million by 2020.The report is titled "Acute Care Needleless Connectors Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020".

Browse the full Acute Care Needleless Connectors Market (By Design Type: Simple and Complex; By Mechanism: Positive, Negative and Neutral Displacement; and By Dwell Time: 7 Days and Other than 7 Days) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020 report at

The report states that the major driving forces behind the flourishing market for acute care needleless connectors are the rising global prevalence of needlestick injuries, rising global geriatric population, and the rise in incidences of chronic pain, diabetes, and cancer. However, the high cost of branded varieties of acute care needleless connectors and easy availability of substitutes are some of the key factors hindering the overall growth of the market. In addition to this, the high prevalence of catheter related bloodstream infections (CRBSI) is also expected to hinder the market's growth to certain extent over the report's forecast period.

Nevertheless, the rising investments for research and development in the field of needleless connectors in developing countries is expected to propel the global market for needleless connectors over the report's forecast period.The report segments the global acute needleless connectors market on the basis of four broad criteria: design types, mechanism of action, dwell time, and key regional markets.

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Based on product design, the market is further segmented into simple acute needleless connectors and complex acute needleless connectors. Of these, the market for complex needleless connectors led the overall market in 2013 by acquiring more than half of the market shares. Over the report's forecast period, however, the market for simple needleless connectors is expected to grow at the fastest pace.Based on the mechanism of action, the report segments the market into positive fluid displacement, neutral fluid displacement, and negative fluid displacement devices. Of these, the segment of positive fluid displacement devices held the largest share of the market in 2013. However, positive fluid displacement connectors carry a high risk of causing CRBSI, which can hamper the growth of this market segment to a certain extent over the report's forecast period. This is, in turn, is expected to benefit the market segment of neutral fluid displacement connectors, allowing it to expand at an 11% CAGR over the report's forecast period.

Regionally, the market for acute care needleless connectors, which saw the highest growth is North America in 2013, is expected to expand at the fastest pace in Asia Pacific over the forecast period.The report also presents a comprehensive analysis of the competitive landscape of the global acute care needleless connectors market, wherein business profiles of some of the key businesses operating in the market are analyzed. The key vendors operating in the market include B. Braun Melsungen, Becton Dickinson and Co., Baxter Int. Inc., Nexus Medical, CareFusion Corp., ICU Medical Inc., Vygon SA, and RyMed Technologies.

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About Transparency Market Research (TMR)
Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR's global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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