According to a new market report published by Transparency Market Research “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,” the global acute care needleless connectors market was valued at USD 494.9 million in 2013 and is expected to grow at a CAGR of 10.2% in the forecast period from 2014 to 2020, to reach an estimated value of USD 972.0 million in 2020.
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Acute care needleless connectors used for bridging IV administration sets are used widely in the developed countries such as the U.S., Canada, U.K., France, Italy, Spain, and Germany. These countries are the primary target markets of companies commercializing new medical technologies due to rapid adoption and high volume demand in these countries. Based on the level of product awareness among the medical staff; and concerns for catheter-related blood stream infections (CRBSI), demand for various types of needleless connectors varied across geographies. Moreover, pricing is an additional factor that determines the demand for needleless connectors especially in developing economies. The acute care needleless connectors market in various geographies has been analyzed based on the design type, mechanism and dwell time.
By geography, North America dominated the global acute care needleless connectors market with a share of more than 50% in 2013 followed by Europe. Complex needleless connectors being an advanced technology is the largest market segment by design type in the region. A connector with an internal mechanical valve to control the flow of fluid was devised to reduce the risk of catheter occlusion. However, growing concerns of CRBSI infections associated with the mechanical valve based needleless connectors has reduced the demand for complex needleless connectors. By mechanism type, the negative displacement needleless connectors held the major share of North American acute care needleless connectors market. With the advent of positive displacement needleless connectors, demand for this mechanical device increased rapidly. Moreover, with increasing CRBSI infections related to positive displacement connectors, the U.S. FDA issued a letter to all the manufacturers of positive displacement needleless connectors to conduct a post marketing surveillance on their devices and take immediate action if cases of CRBSI infections are identified. Nursing staff in the North American and European markets follow the Infusion Nurses Society (INS) practice guidelines or manufacturer’s recommendations for handling the needleless connectors. Therefore, the nursing staff usually replaces needleless connectors in less than seven days or as per manufacturer’s recommendations.
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The European market resembles the characteristics of the U.S. market in terms of demand for different types of needleless connectors. However, the use of substitutes such as stop-cock or traditional open systems and needled systems still persists in the Eastern European nations. Moreover, the European regulatory authorities have also alerted the companies commercializing positive and negative displacement needleless connectors to conduct post-marketing surveillance in order to control the risk of CRBSI infections. On the other hand, markets in the Asia Pacific and rest of the world (RoW) are characterized by low product awareness among the nursing staff, low preference for expensive needleless connectors and cost-benefit analysis to shift the demand towards new needleless connector technologies. Moreover, local players offering similar technologies at a much lower costs are posing a great challenge for the global market players in these regions.
Additionally, the Indian and Chinese markets hold immense opportunities for acute care needleless connectors on account of increasing number of hospitals and increasing product awareness and relative demand in acute care therapy. Due to the cumulative effect of these factors, the market for acute care needleless connectors is very competitive in China, India, Brazil, Russia, South Korea, and in other countries in this region. Moreover, Asia Pacific market is expected to grow at the highest CAGR during the forecast period. Preference for cheaper products or alternatives with long-term benefit is always higher in Asia Pacific, Africa and Latin American countries. Therefore, market players should focus on commercializing cheaper needleless connectors catering the needs of customers in this region. Moreover, dwell time of needleless connectors in these regions is also dynamic owing to varied protocols followed across developing countries. Market players need to appropriately identify the characteristics of customers in these markets.
The global acute care needleless connectors market is characterized by the presence of few prominent players which dominate the market. ICU Medical, Inc., and CareFusion Corporation held the leading position in the global acute care needleless connectors market. ICU Medical, Inc. has products with all mechanisms catering to the need of customer. Moreover, its wide presence across geographies with its flagship brand, Clave connectors, has gained it a dominating share in the market.
The global acute care needleless connectors market is segmented as follows:
Global Acute Care Needleless Connectors Market, by Design Types
o Simple
o Complex
Global Acute Care Needleless Connectors Market, by Mechanism
o Positive Fluid Displacement
o Negative Fluid Displacement
o Neutral Fluid Displacement
Global Acute Care Needleless Connectors Market, by Dwell Time
o 7 Days
o Other than 7 Days
Global Acute Care Needleless Connectors Market, by Geography
o North America
o By Design Type
o Simple Connectors
o Complex Connectors
o By Mechanism
o Positive Displacement
o Negative Displacement
o Neutral Displacement
o By Dwell Time
o Seven Day
o Other than Seven Day
o Europe
o By Design Type
o Simple Connectors
o Complex Connectors
o By Mechanism
o Positive Displacement
o Negative Displacement
o Neutral Displacement
o By Dwell Time
o Seven Day
o Other than Seven Day
o Asia-Pacific
o By Design Type
o Simple Connectors
o Complex Connectors
o By Mechanism
o Positive Displacement
o Negative Displacement
o Neutral Displacement
o By Dwell Time
o Seven Day
o Other than Seven Day
o Rest of the World
o By Design Type
o Simple Connectors
o Complex Connectors
o By Mechanism
o Positive Displacement
o Negative Displacement
o Neutral Displacement
o By Dwell Time
o Seven Day
o Other than Seven Day
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