The global market for medical connectors is also likely to reach US$ 3,690.4 million revenue between 2017 and 2026.
Albany, NY -- (SBWIRE) -- 01/23/2018 -- Rising technological advancement in the medical industry is heading towards the rapid development of high-performance medical devices that are used for a patient healthcare. These devices and equipment are further connected to several other equipment's, thereby driving the need for better medical connectors. According to recent report findings, manufacturers are focusing on designing medical connectors that are cost-effective and able to tolerate various sterilization protocols. Market Research Hub (MRH) has publicized a new study titled "Medical Connectors Market- Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2026" to its wide repository, which provides comprehensive analysis on the market current scenario as well as future growth prospects till the end of 2026.
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Medical connectors are used to connect medical equipment and it plays an imperative role in transferring signal, power and replacing information. As per the research major findings, the market is probably to increase at an impressive rate of 8.9% CAGR. The global market for medical connectors is also likely to grasp US$ 3,690.4 million revenue between 2017 and 2026. In the present time, medical connectors are also gaining popularity with the growing trend of robotic examination. Imaging and monitoring devices generate a lot of data hence these devices are used on a large scale in hospitals and clinics. This is driving the demand for medical connectors.
Research Inclusions and Key Highlights
This analytical research report covers various segments of global medical connectors market on the basis of type, application, regions and industry vertical. The research report also includes forecast analysis for a period of eight years, starting from 2017 (base year) till 2026 (assessment year). Various trends, developments, challenges and drivers that impact the growth of the medical connectors market are analyzed and their changing dynamics across key regions of South America, Latin America, Europe, Japan, North America, the Middle East and Africa (MEA), and Asia Pacific Excluding Japan (APEJ) is included in this research study. Further, it provides the competitive landscape of key players in the medical connector market in order to highlight the state of competition therein.
Moreover, the research broadly categorizes the global market on the basis of major segments such as application, end user, product type, and region. On the basis of product type, flat silicone surgical cables are expected to witness significant growth in the market during the forecast period 2017-2026. Major application includes the segment therapeutic devices, monitoring devices, and diagnostic devices. Amongst, diagnostic devices are expected to witness healthy growth during the forecast period.
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In terms of geography, it has been analyzed that innovative technologies and growth in digital solutions such as telehealth are driving the growth of the medical connectors in North America. Apart from that, increasing use of therapeutic and diagnostic devices is also propelling the market growth in the region.
In the later section, to support in proper decision-making, the report includes the profiling of top players in this industry. The leading companies in the global medical connectors market are ITT Inc., Fischer Connectors SA, Samtec, Inc., Smiths Group Plc, TE Connectivity Ltd, Molex, LLC, Amphenol Corporation, Esterline Technologies Corporation, LEMO S.A., and AVX Corporation.
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