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

Albany - NY, Oct. 20, 2015 (GLOBE NEWSWIRE) -- 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".

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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.

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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.

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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 global market intelligence company providing business information reports and services. The company's exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR's data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

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Source:Transparency Market Research