Medical connectors market research report contains most recent, ample and most advanced market information and a precious data. This Medical connectors market report has been prepared with the combination of steps which employs a nice blend of industry insights, practical solutions, and latest tools and technologies. This Medical connectors market report gives out such business purposes and endows with the best market research and analysis carried out with the advanced tools and techniques. Furthermore, the data is again checked and verified by the market experts before publishing it through the market report and providing it to the client. According to a new report published by Data Bridge Market Research,
The Global Medical Connectors Market accounted to USD 1.65 billion in 2016 growing at a CAGR of 10.70%during the forecast period of 2017 to 2024. The upcoming market report contains data for historic year 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
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On the basis of products, the market is classified into flat surgical silicone cables, embedded electronics connectors, radio-frequency connectors, disposable plastic connectors, hybrid circular connectors & receptacle system, power cords with retention system, lighted hospital-grade cords, magnetic medical connectors, and push-pull connectors. In 2016, the flat silicone surgical cables segment accounted for the largest share of the market. The increasing adoption of connectors in medical devices is expected to fuel the growth of the market during the forecast period. The growth of the medical devices market is also one of the major factors influencing the growth of this product segment.
Based on applications, the market is segmented into cardiology devices, diagnostic imaging devices, electrosurgical instruments, patient monitoring devices, endoscopy devices, respiratory devices, analyzers & processing instruments, dental instruments, neurology devices, enteral devices, and other applications. The patient monitoring devices segment accounted for the largest share of the market in 2016. The factors such as increasing incidence of chronic diseases and increasing demand for home healthcare settings are driving the growth of this market.
Based on the end users, the market is segmented into hospitals & clinics, diagnostic laboratories & imaging centers, ambulatory surgical centers, and other end users. The hospitals & clinics end user segment accounts for the highest growth of the market during the forecast period due to the factors such as the increasing demand for the minimally invasive surgeries and highly developing healthcare infrastructure.
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Geographically, the market is dominated by North America, followed by Europe, Asia, and the Rest of the World (RoW). Growth in the North American segment is primarily driven by the increase in the prevalence and incidence of chronic diseases and increased demand for better healthcare infrastructure. The major players in the market are Amphenol Corporation (U.S.), Delphi Automotive LLP. (U.K.), Esterline Corporation (U.S.), ITT Corporation (U.S.), Smiths Interconnect (U.K.), TE Connectivity Ltd. (Switzerland), Fisher Connectors (Switzerland), Lemo S.A. (Switzerland), Molex (U.S.), and Samtec (U.S.).
Target Audience for this Report:
- Manufacturers of medical connectors and medical devices
- Vendors and distributors of medical connectors
- Hospitals and clinics
- Research institutes
- Venture capitalists and investors
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Value Addition for the Buyer:
This report provides insights into the global medical connectors market. It provides valuable information on the devices, procedures, and regions in the market. The geographic analysis for these segments is also presented in this report. Leading players in the market are profiled to study their product offerings and understand strategies undertaken by them to be competitive in this market.
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