Uploaded on Jul 15, 2020
Market participants such as RyMed Technologies, LLC, Baxter International Inc., CareFusion Corporation, B. Braun Melsungen AG, Nexus Medical LLC, Becton, Dickinson and Company, ICU Medical, Inc., and Vygon S.A. are some of the key players operating in the concerned market. The factors such as superior designs, unique features, user friendliness with the healthcare workers, price, technology, and strong distribution in the geographical area are the competitive forces impacting the player presence in the area. The bigger companies are focusing on signing long term exclusive distribution agreement to remain dominant force in the market. In May 2019, B. Braun and Nexus Medical signed an agreement to distribute TKO-6P luer activated anti-reflux device. This will increase customer coverage with enhanced patient care for both the parties.
Needle-Free IV Connectors Market Top Key Player
Needle-Free IV Connectors
Market
Set to Exceed $1,647.7 Million By 2027 | CAGR 10.2%
“Needle-Free IV Connectors Market Share, Size,
Trends, Industry Analysis Report, By Mechanism
(Positive, Negative, and Neutral); By Design Type
(Straight Channel, T-channel, Y-channel, and Multi-
channel); By Dwell Time (Seven Days, and More than
7 Days), By End User (Hospitals, Ambulatory Surgical
Centers, and Others); By Regions; Segment Forecast,
2020 – 2027”
Needle-Free IV Connectors Market Estimate & Forecast to 2027
The global needle-free IV connectors market size is expected to reach USD 1,647.7
million by 2027 according to a new study by Polaris Market Research.
Needle free IV connectors (NFC) are small needleless devices used within intra-venous (IV)
catheters, administration sets, and syringes. NFC is the basic medical supply present in any
healthcare facility to administer fluid, drug or medication in different vascular access
systems. These needle-free systems are designed with the purpose to reduce needle stick
injuries, bacterial contamination in the blood to improve patient outcome.
The complications associated with the needle based connectors such as catheter based
blood stream infections and the catheter lumen occlusion are acting as the drivers for the
NFC market. The set of NFCs are coming up with superior designs and features to reduce the
length of hospital stays and economic burden.
Copyright © Polaris Market Research & Consulting LLP 2018. All Rights Reserved 2
Needle-Free IV Connectors Market Scope
By Mechanism By Design Type By Dwell Time By End-Use By Region
•Positive •Straight Channel •7 Days •Hospitals •North America
•Negative •T-channel •More than 7 days •Ambulatory (U.S., Canada)
•Neutral •Y-channel Surgical Centers •Europe (France,
•Multi-channel •Others Germany, UK, Italy,
Spain, Netherlands,
Austria)
•Asia Pacific (Japan,
China, India,
Malaysia,
Indonesia. South
Korea)
•Latin America
(Brazil, Mexico,
Argentina)
•MEA (Saudi Arabia,
UAE, Israel, South
Request for sample Africa)
Copyright © Polaris Market Research & Consulting LLP 2018. All Rights Reserved 3
Needle-Free IV Connectors Market Estimate & Forecast to 2027
The prominent factors responsible for the growth of NFCs market the rising hospital
admission rate, particularly among geriatrics, needle stick injuries among healthcare
workers, and superior quality as compared to conventional systems. In 2016, the Center of
Disease Control and Prevention (CDC) estimated more than 8.5 million people in the U.S
have peripheral artery disease (PAD), out of which approximately 20% of the individuals
were above age 60 years. The prevalence of the PAD is estimated equal among the men
and women population. The primary reason behind the widespread of these diseases is less
awareness among the population, especially in growing economies of the APAC region.
Market participants such as RyMed Technologies, LLC, Baxter International Inc.,
CareFusion Corporation, B. Braun Melsungen AG, Nexus Medical LLC, Becton, Dickinson and
Company, ICU Medical, Inc., and Vygon S.A. are some of the key players operating in the
concerned market. The factors such as superior designs, unique features, user friendliness
with the healthcare workers, price, technology, and strong distribution in the geographical
area are the competitive forces impacting the player presence in the area. The bigger
companies are focusing on signing long term exclusive distribution agreement to remain
dominant force in the market. In May 2019, B. Braun and Nexus Medical signed an
agreement to distribute TKO-6P luer activated anti-reflux device. This will increase customer
coverage with enhanced patient care for both the parties.
Copyright © Polaris Market Research & Consulting LLP 2018. All Rights Reserved 4
Browse Complete Report
Needle-Free IV Connectors Market Share
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About Us
Polaris Market Research is a global market research and consulting company. The company
specializes in providing exceptional market intelligence and in-depth business research services
for our clientele spread across different enterprises. We at Polaris are obliged to e present across
the industries of healthcare, technology, semi-conductors and chemicals among various other
industries present around the world.
We strive to provide our customers with updated information on innovative technologies, high
growth markets, emerging business environments and latest business-centric applications,
thereby helping them always to make informed decisions and leverage new opportunities. Adept
with a highly competent, experienced and extremely qualified team of experts comprising SMEs,
analysts and consultants, we at Polaris endeavor to deliver value-added business solutions to our
customers.
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