Scope of the Study
Medical connectors are being deployed in various applications such as patient monitoring dental and cardiology departments etc. These connectors are mostly utilized in diagnostic imaging devices globally since these are used for diagnosing various diseases and are used as a first step before providing any treatment to the patient. Further, rising prevalence of chronic diseases and increasing demand from home healthcare will create a beneficial market for medical connectors from monitoring devices segment in the forecast period.
The market study is being classified by Type (Flat Silicone, Hybrid Circular Connectors, Embedded Electronics Connectors, Radio Frequency Connectors and Push-Pull Connectors), by Application (Patient Monitoring Device, Electrosurgical Devices, Diagnostic Imaging Devices, Endoscopy Devices, Neurology Devices and Others) and major geographies with country level break-up. According to AMA, the Global Medical Connectors market is expected to see growth rate of 8.2% and may see market size of USD3062.0 Million by 2024.
Amphenol Corporation (United States), Delphi Automotive LLP. (U.K.), Esterline Corporation (United States), ITT Corporation (United States), Smiths Interconnect (U.K.), TE Connectivity Ltd. (Switzerland), Fisher Connectors (Switzerland), Lemo S.A. (Switzerland), Molex (United States) and Samtec (United States) are some of the key players profiled in the study.
The Global Medical Connectors market is fragmented with several top regional and international players. These players are focusing on designing medical connectors that are cost-effective and able to tolerate various sterilization protocols. Further, high reliability and eliminating the potential for failure due to various environmental factors as well as poor handling is also being focused on while developing medical connectors.
AdvanceMarketAnalytics has segmented the market of Global Medical Connectors market by Type, Application and Region.
On the basis of geography, the market of Medical Connectors has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End users, the sub-segment i.e. Hospital & Clinics will boost the Medical Connectors market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Connector Size, the sub-segment i.e. <=10 mm will boost the Medical Connectors market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material, the sub-segment i.e. Metal will boost the Medical Connectors market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Growing Healthcare Industry and Technological advancements in Medical Devices
- Upsurge in the Prevalence of Chronic Disorders
- Owing to the Increasing Demand for Minimally Invasive Procedures
- The Advent of Cloud Storage and Paperless Healthcare in Medical Connector Device
- Stringent Regulatory Standards for Medical Connectors
- Increasing Investment by the Government & Private Sectors in Healthcare to Improve Health Conditions
- Rising Trend of Wireless Healthcare is posing a Challenge for the Market
Market Leaders and their expansionary development strategies
May 2017, TE Connectivity has acquired MicroGroup, a Medway, mass based provider of precision metal shafts for medical devices. and August 2017, TE Connectivity Ltd. (TE), announced its cabled STRADA Whisper product line. This cabled STRADA Whisper connectors to eliminate the need for printed circuit board (PCB) backplanes to achieve improved performance and flexibility as data speeds increase.
May 2019, Medical Product Outsourcing Company, Qosina (leading global supplier of OEM single-use components to the medical and pharmaceutical industries.) stocks a number of components that comply with the ISO 80369-7 standard, which specifies dimensions and requirements for the design and performance of small-bore connectors intended to be used in intravascular or hypodermic applications. and As a medical component supplier, Qosina stays abreast of regulatory changes and safety standards in the industry and provides customers with solutions to achieve compliance, minimize patient risk and be innovative when designing devices.
Key Target Audience
Manufacturers of Medical Connectors and Medical Devices, Vendors and Distributors of Medical Connectors, Hospitals and Clinics, Research Institutes, Venture Capitalists and Investors, Hospitals and Clinics, Product Sales and Distribution Companies, Original Equipment Manufacturers, Original Design Manufacturers, Research and Development Companies, Market Research and Consulting Firms, Technology Standards Organizations, Technology Investors and System Integrators
Customization in the Report Available:
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be informed prior purchase