Showing posts with label Acute Care Needleless Connectors Market. Show all posts
Showing posts with label Acute Care Needleless Connectors Market. Show all posts

Tuesday, 22 March 2016

Global Demand for Acute Care Needleless Connectors Market

Conventional needle based I.V. catheters, administration sets, and syringes are used for intravenous administration of fluids. However, use of needle based IV systems give rise to needlestick injuries to healthcare workers leading increased incidences of blood borne infections. Therefore, needleless connectors were introduced in 1980s to enhance the safety of healthcare workers. As a result, rate of needlestick injuries decreased significantly in later years. However, eventually it was observed that the use of needleless connectors lead to augment the risk of catheter related blood stream infections. Thus, various designs and mechanisms are introduced to resolve the problems associated with needleless connectors and catheter related blood stream infections. Needleless connectors provide convenience to the nursing staff in administering medication and drawing blood from the attached catheter, thus, these products are widely used in healthcare settings such as acute care hospitals where intravenous administration of medication and blood withdrawal is necessary during the course of treatment offered.
The global acute care needleless connectors market has been segmented based on the type of mechanism. Positive fluid displacement connectors segment accounted for the largest market share of around 34% in 2013. Dominance of this segment was mainly attributed to low cost of the commercially available positive fluid displacement needleless connectors. However, suspected link of positive fluid displacement connectors with increased rate of catheter related blood stream infection is anticipated to limit the growth of this market during the forecast period from 2014 to 2020.
The commercially available needleless connectors are majorly of two types, simple and complex. Simple needleless connectors are less expensive as they have fewer parts compared to complex needleless connectors. In addition, simple connectors do not have internal moving parts thus offering straight fluid pathway. Whereas, complex connectors have internal mechanical valves that leads to non-straight fluid pathway. Complex needleless connectors market was dominant in terms of revenue in 2013 majorly due to higher cost of these devices and large availability of products with mechanical valves in the market. However, increasing incidences of catheter-related bloodstream infections (CRBSI) and catheter lumen occlusion due to the use of complex needleless connectors, the demand for simple needleless connectors is likely to grow rapidly during the forecast period between 2014 and 2020.
Based on dwell time, the global acute care needleless connectors market has been segmented into 7 days connectors and other than 7 days connectors. The other than 7 day needleless connectors segment is anticipated to grow at the highest CAGR during the forecast period. Since, these connectors are available at a cheaper rate and offer added credibility of reduced risk of CRBSI infection rate than the 7 day needleless connectors.
Geographically, North America is leading the global acute care needleless connectors market. High awareness among healthcare practitioners, improved healthcare infrastructure and rapid growth in aging population are the major factors driving the market in North America. Furthermore, Asia Pacific is anticipated to show significant growth in the forecast period owing to increasing prevalence of chronic diseases, growing number of hospitals and healthcare facilities, and geographical expansion of market players in India, China, Southeast Asia, and Australia. Key players mapped in the report include, Baxter International Inc., B. Braun Melsungen AG, Becton Dickinson and Company, CareFusion Corporation, ICU Medical Inc., Nexus Medical LLC, RyMed Technologies LLC, and Vygon SA.
Expansion of Regional Markets to Drive the Asia Pacific Acute Care Needleless Connectors Market
Geographically, the global acute care needleless connectors market is segmented into Asia Pacific, North America, Europe, and Rest of the World. The global acute care needleless connectors market is dominated by North America owing to factors such as a rapidly growing geriatric population in this region, high quality healthcare infrastructure, and widespread awareness amongst healthcare professionals.
It is however, the Asia Pacific market that will expand substantially in the forthcoming years. Factors that propel the Asia Pacific acute care needleless connectors market are growing number of healthcare facilities and hospitals, high incidence of chronic ailments, and most importantly expansion of regional markets such as Australia, Southeast Asia, China, and India.
The prominent companies operating in the global acute care needleless connectors market are Vygon SA, RyMed Technologies LLC, Nexus Medical LLC, ICU Medical Inc., CareFusion Corporation, Becton Dickinson and Company, B. Braun Melsungen AG, and Baxter International Inc. High incidence of cases of catheter related blood stream infections hampers the growth of the global acute care needleless connectors market. Steep cost of branded products as against the domestic substitutes and local products is another factor restraining the market. High investments in a few of the emerging economies is likely to create lucrative growth opportunities in the global acute care needleless connectors market.

Monday, 30 November 2015

Rising Prevalence of Needlestick Injuries Drive Demand for Acute Care Needleless Connectors: Market to Expand at 10.20% CAGR between 2014 and 2020

A recent market research study published by the market research company Transparency Market Research (TMR) examines the global market for acute care needleless connectors. The report projects that the market will expand at a healthy 10.2% CAGR between 2014 and 2020 and rise to a valuation of US$972.0 million by 2020.The report is titled “Acute Care Needleless Connectors Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020”.

Browse the full Acute Care Needleless Connectors Market (By Design Type: Simple and Complex; By Mechanism: Positive, Negative and Neutral Displacement; and By Dwell Time: 7 Days and Other than 7 Days) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020 report at http://www.transparencymarketresearch.com/acute-care-needleless-connectors-market.html
The report states that the major driving forces behind the flourishing market for acute care needleless connectors are the rising global prevalence of needlestick injuries, rising global geriatric population, and the rise in incidences of chronic pain, diabetes, and cancer. However, the high cost of branded varieties of acute care needleless connectors and easy availability of substitutes are some of the key factors hindering the overall growth of the market. In addition to this, the high prevalence of catheter related bloodstream infections (CRBSI) is also expected to hinder the market’s growth to certain extent over the report’s forecast period.

Nevertheless, the rising investments for research and development in the field of needleless connectors in developing countries is expected to propel the global market for needleless connectors over the report’s forecast period.The report segments the global acute needleless connectors market on the basis of four broad criteria: design types, mechanism of action, dwell time, and key regional markets.
Based on product design, the market is further segmented into simple acute needleless connectors and complex acute needleless connectors. Of these, the market for complex needleless connectors led the overall market in 2013 by acquiring more than half of the market shares. Over the report’s forecast period, however, the market for simple needleless connectors is expected to grow at the fastest pace.Based on the mechanism of action, the report segments the market into positive fluid displacement, neutral fluid displacement, and negative fluid displacement devices. Of these, the segment of positive fluid displacement devices held the largest share of the market in 2013. However, positive fluid displacement connectors carry a high risk of causing CRBSI, which can hamper the growth of this market segment to a certain extent over the report’s forecast period. This is, in turn, is expected to benefit the market segment of neutral fluid displacement connectors, allowing it to expand at an 11% CAGR over the report’s forecast period.
Regionally, the market for acute care needleless connectors, which saw the highest growth is North America in 2013, is expected to expand at the fastest pace in Asia Pacific over the forecast period.The report also presents a comprehensive analysis of the competitive landscape of the global acute care needleless connectors market, wherein business profiles of some of the key businesses operating in the market are analyzed. The key vendors operating in the market include B. Braun Melsungen, Becton Dickinson and Co., Baxter Int. Inc., Nexus Medical, CareFusion Corp., ICU Medical Inc., Vygon SA, and RyMed Technologies.

The global market for acute care needleless connectors is segmented as:

Global Acute Care Needleless Connectors Market, by Design Types
Simple
Complex
Global Acute Care Needleless Connectors Market, by Mechanism
Positive Fluid Displacement
Negative Fluid Displacement
Neutral Fluid Displacement
Global Acute Care Needleless Connectors Market, by Dwell Time
7 Days
Other than 7 Days
Global Acute Care Needleless Connectors Market, by Geography
North America
By Design Type
Simple Connectors
Complex Connectors
By Mechanism
Positive Displacement
Negative Displacement
Neutral Displacement
By Dwell Time
Seven Day
Other than Seven Day
Europe
By Design Type
Simple Connectors
Complex Connectors
By Mechanism
Positive Displacement
Negative Displacement
Neutral Displacement
By Dwell Time
Seven Day
Other than Seven Day
Asia-Pacific
By Design Type
Simple Connectors
Complex Connectors
By Mechanism
Positive Displacement
Negative Displacement
Neutral Displacement
By Dwell Time
Seven Day
Other than Seven Day
Rest of the World
By Design Type
Simple Connectors
Complex Connectors
By Mechanism
Positive Displacement
Negative Displacement
Neutral Displacement
By Dwell Time
Seven Day
Other than Seven Day
Major geographies analyzed under this research report are:
Europe
North America
Asia-Pacific
Rest of the World
About us:
Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
Contact us:
Mr. Nachiket
Transparency Market Research
90 State Street,
Suite 700,
Albany
NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com/ 

Tuesday, 27 October 2015

Rising Prevalence of Needlestick Injuries Drive Demand for Acute Care Needleless Connectors: Market to Expand at 10.20% CAGR between 2014 and 2020

High incidence of cancer, diabetes, and chronic pains drives the global market for acute care needleless connectors. Much of the demand for acute care needleless connectors also comes from the growing geriatric population and high incidence of needlestick injuries. The intravenous administration of fluids makes use of syringes, administration sets, and the conventional needle based IV catheters. But the problem with needle based IV systems is that it leads to needlestick injuries to most healthcare workers, which in turn increases the incidence of infections that are blood borne. In order to ensure the safety of healthcare workers, needleless connectors were first introduced in the 1980s. Thus, there was a dramatic decline in the incidence of needlestick injuries in the subsequent years. Later on it was observed that catheter related blood stream infections had increased because of needleless connectors. Several mechanisms and designs have been introduced in order to reduce the problems associated with catheters and needleless connectors.

The global acute care needleless connectors market is projected to expand at 10.2% CAGR from 2014 to 2020, thereby reaching US$972 million by the end of the forecast period.
Seven-day Needleless Connectors Market to Witness Robust Growth in the Forthcoming Years
The global acute care needleless connectors market is segmented on the basis of type of design, mechanism, dwell time, and geography. Based on design type, this market is categorized into complex needleless connectors and simple needleless connectors. The segment for complex needleless connectors was the fastest growing segment in 2013.
On the basis of mechanism, the global acute care needleless connectors market is segmented into neutral fluid displacement, negative fluid displacement, and positive fluid displacement. In 2013, the segment for positive fluid displacement held the largest share of the global market because of the low costs of positive fluid displacement needleless connectors that are available commercially.
Based on dwell time, the global acute care needleless connectors market is categorized into other than seven-day needleless connectors, and seven-day needleless connectors. It is anticipated that the seven-day needleless connectors segment will expand robustly during the forecast period.
Expansion of Regional Markets to Drive the Asia Pacific Acute Care Needleless Connectors Market
Geographically, the global acute care needleless connectors market is segmented into Asia Pacific, North America, Europe, and Rest of the World. The global acute care needleless connectors market is dominated by North America owing to factors such as a rapidly growing geriatric population in this region, high quality healthcare infrastructure, and widespread awareness amongst healthcare professionals.
It is however, the Asia Pacific market that will expand substantially in the forthcoming years. Factors that propel the Asia Pacific acute care needleless connectors market are growing number of healthcare facilities and hospitals, high incidence of chronic ailments, and most importantly expansion of regional markets such as Australia, Southeast Asia, China, and India.
The prominent companies operating in the global acute care needleless connectors market are Vygon SA, RyMed Technologies LLC, Nexus Medical LLC, ICU Medical Inc., CareFusion Corporation, Becton Dickinson and Company, B. Braun Melsungen AG, and Baxter International Inc. High incidence of cases of catheter related blood stream infections hampers the growth of the global acute care needleless connectors market. Steep cost of branded products as against the domestic substitutes and local products is another factor restraining the market. High investments in a few of the emerging economies is likely to create lucrative growth opportunities in the global acute care needleless connectors market.
Browse Full Global Acute Care Needleless Connectors Market Report With Complete TOC @ http://www.transparencymarketresearch.com/acute-care-needleless-connectors-market.html
Contact us:
Mr. Nachiket
Transparency Market Research
90 State Street, 
Suite 700, 
Albany
NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com/