Global Needle-free IV Connectors Market: Analysis of Rising Business Opportunities with Prominent Investment Ratio by 2026
Needle-Free IV
Connectors are needleless devices for connecting administration sets,
syringes, and IV catheters. Depending on internal characteristic and
functioning of the parts, connectors are classified as simple and
complex. Simple connectors consist of stationary internal parts,
whereas, complex connectors function according to the movement of
internal parts. Simple connector’s category holds the majority of
the products used in the healthcare delivery. The fluid displacement
and fluid pathway are determined by the motion of the internal parts
namely mechanical valve, which controls the movement and direction of
the fluid in complex connectors. External characteristics such as
housing, shape, and color for both the type may or may not be
similar. The purpose of using needle-free IV connectors apart from
the ease in infusion for both care providers and patients is to
reduce the risk of needle-stick injuries among the health care
providers and reducing the risk of bacterial and microbial
contamination.
Some major
players operating in the needle-free IV connectors market are
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.
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According to the
World Health Organization (WHO), annually around 1 million deaths are
associated with the improper use of syringes and needles, which can
be prevented by using needle-free IV connectors. Harmful diseases
namely hepatitis and HIV can spread through improper and reuse of
needles and syringes. Unsafe use of injections accounts for 5% of
HIV, 40% of Hepatitis C and 32% of Hepatitis B virus infections
globally. Although needle stick injuries are uncommon they are a
potential problem, which can prove to be serious and are also
responsible for causing above mentioned diseases. According to the
Centers for Disease Control and Prevention (CDC), needle stick
injuries account for around 385,000 among healthcare workers in the
U.S annually. The most important goal while employing IV
administration sets and needle-free connectors is to reduce the
manipulation factor as much as possible. Some of the U.S. Food &
Drug Administration (FDA) approved needle-free IV connectors include
One-Link, CARESITE, MaxPlus, and Kendall.
The global
needle-free IV connectors market was valued at US$ 621.1 million in
2016 and is expected to reach a robust CAGR of 10.3% over the
forecast period (2017-2025).
Needle free iv
connector market
Rising incidence and
prevalence of various chronic diseases and need for treatment is
expected to boost the needle-free connectors market
North America
accounts for the largest share in the global needle-free connectors
market, followed by Europe. This is mainly attributed to the rise in
the geriatric population and chronic diseases. According to the
Centers for Disease Control and Prevention (CDC), 2016, about half of
American adults, that is around 117 million people had one or more
chronic health conditions and one in four adults had two or more
chronic health conditions. The factors driving the growth of the
needle-free IV connectors market includes government investments and
funding to improve healthcare infrastructure, awareness in people,
and healthcare practitioners. For instance, in 2013, the National
Healthcare Safety Network (NHSN) and Center for Disease Control and
Prevention (CDC) carried out surveillance methods to identify and
track device-associated infections by setting the guidelines for the
prevention of central-line associated bloodstream infections.
Furthermore, according to the World Health Organization (WHO), in
2014, chronic diseases were the leading cause of mortality in Europe
with over one-third of the European population above the age of 15
suffering with a chronic disease and two out of three people near 60
age had at least two chronic conditions.
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