Industry Outlook

Acute care needleless connectors market accounted for a market value of US$ 648.8 Mn in 2017 and projected to grow at a CAGR of 5.1% during the forecast period from 2018 to 2026. The key factors responsible for growth of acute care needleless connectors market are the rising prevalence of needlestick injuries, high awareness related to the advantages of acute care needleless connectors in healthcare personnel, and increasing number of ambulatory centres. According to the World Health Organization (WHO) 1 in 10 healthcare personnel globally sustain a needlestick injury every year. Furthermore, the WHO states that among the 35 million healthcare personnel globally, around 3 million exposed to the bloodborne pathogens each year; among these ~2 million to hepatitis B virus (HBV), ~0.9 million to hepatitis C virus (HCV) and ~170,000 to human immunodeficiency virus (HIV).

"Positive Fluid Displacement mechanism is the most preferred mechanism due to multiple advantages over negative and neutral mechanism"

The key difference between negative fluid displacement (NFD) and positive fluid displacement (PFD) is that the NFD device clamped prior the disconnection of syringe, while PFD device not clamped until the syringe is disconnected. In year 2017, positive fluid displacement mechanism observed as the largest market due to increasing preference for high patient-safety & convenience of healthcare personnel, and considered as the most cost-efficient fluid displacement mechanism.

"Complex needleless connectors are the most frequently used due to its high convenience for drug delivery and blood collection"

Complex needleless connectors accounted for the largest market share in year 2017 due to key advantages such as capability to allow fluid flow in both directions for infusion & aspiration, rising prevalence of catheter-based injuries, and highly convenient for healthcare personnel as it reduces the injury chances. Several research studies have estimated that in the United States each year around 384,000 needlestick injuries occur in hospitals each year out of which 23% occur in surgical setting.

"Mounting prevalence of needlestick injuries and increasing number of ambulatory centers is assisting the growth of acute care needleless connectors market in North America"

North America identified as the largest acute care needleless connectors market due to key driving factors such as rising prevalence of needlestick injuries & complexities, increasing number of ambulatory centers for acute care, and organized & supportive reimbursement policies for acute care. According to the U.S. Occupational Safety and Health Administration (OSHA), around 5.6 million workers from healthcare industry are at risk of causing blood-borne diseases due to occupational exposure through percutaneous injury. In addition to that, the Centers for Disease Control and Prevention (CDC) suspects around 600,000 or more needlestick injuries incidences identified in the U.S. healthcare personnel annually.

This report further describes the major qualitative assessment factors including key market trends, market drivers, opportunities, and restraints, to gain precise understanding of global acute care needleless connectors market. In addition, the key players present in the market analyzed based on multiple attributes such as product portfolio, business strength, and key market strategies. The report also includes attractive investment proposition based on the exhaustive geographical research carried out based on PESTEL analysis. Key players profiled in the report include B. Braun Melsungen AG, Baxter International Inc., CareFusion Corporation, Becton Dickinson and Company, Nexus Medical LLC, ICU Medical Inc., RyMed Technologies LLC, and Vygon SA.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Acute Care Needleless Connectors market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Acute Care Needleless Connectors market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Acute Care Needleless Connectors market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Acute Care Needleless Connectors market?
• Which is the largest regional market for Acute Care Needleless Connectors market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Acute Care Needleless Connectors market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Acute Care Needleless Connectors market worldwide?