Albany, NY -- (SBWIRE) -- 01/12/2017 -- According to a research report, published by Transparency Market Research (TMR), on the global acute care needleless connectors market for , the market is likely to register a CAGR of 10.20% between 2014 and 2020.The research report, titled, "Acute Care Needleless Connectors Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020," estimates this market to reach US$972.0 mn by the end of the forecast period.
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Needleless connectors are utilized to connect catheters to syringes or IV systems. The increasing incidence of injuries from needlesticks to healthcare professionals and patients has augmented the prevalence of blood-borne diseases. As needleless connectors allow the easy administration of medicines as well as convenient withdrawal of blood intravenously, the demand for acute care needleless connectors has been rising significantly across the world since the last few years.
According to the report, the global market for acute care needleless connectors market has experienced a sturdy rise in the recent times. The rising prevalence of diabetes, chronic pain, and cancer has propelled the demand for acute care needleless connectors globally.
In this research report, the global market for acute care needleless connectors has been studied on the basis of the type of design, mechanism, dwell time, and the region. Based on the type of design, the market has been segmented into simple connectors and complex connectors. The complex connectors segment led the overall market in 2013 with a majority share. However, the simple connectors segment is likely to register a faster growth rate over the forecast period.
Based on the mechanism, the worldwide acute care needleless connectors market has been categorized into the neutral fluid displacement segment, the negative fluid displacement segment, and the positive fluid displacement segment. In 2013, the positive fluid displacement segment acquired the leading position in the overall market with a share of approximately 34%. However, the neutral fluid displacement segment is estimated to register the highest growth at a CAGR of 11.0% during the forecast period, notes the market report.
By dwell time, the market has been grouped into seven days connectors and the other than seven days connectors. Over the forecast period, the other than seven days connectors segment is likely to register a higher growth rate than the seven days connectors.
On the regional basis, the global acute care needleless connectors market has been classified into Asia Pacific, Europe, North America, and the Rest of the World. North America emerged as the leading regional market for acute care needleless connectors in 2013.
The high awareness regarding these connectors among healthcare practitioners, infrastructural advancement in the healthcare industry, and the rapid rise in the geriatric population have driven the North America acute care needleless connectors market significantly over the last few years. However, Asia Pacific is projected to record the fastest growth in the overall market during the forecast period due to rising incidence of chronic diseases, states the research report.
Read the Current Market Forecast of Acute Care Needleless Connectors at: http://www.transparencymarketresearch.com/acute-care-needleless-connectors-market.html
B. Braun Melsungen AG, Vygon SA, RyMed Technologies LLC, Nexus Medical LLC, ICU Medical Inc., CareFusion Corp., Becton Dickinson and Co., and Baxter International Inc. are the key international producers of acute care needleless connectors mentioned in this market study.
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