Global Needle-Free IV Connectors Market To Reach Worth US$ 1,198.2 Mn By 2025
Global Needle-Free IV Connectors Market To Reach Worth US$ 1,198.2 Mn By 2025
Global Needle-Free IV Connectors Market To Reach Worth US$ 1,198.2 Mn By 2025
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Credence Research Inc.<br />
<strong>Global</strong> <strong>Needle</strong>-<strong>Free</strong> <strong>IV</strong> <strong>Connectors</strong> <strong>Market</strong> <strong>To</strong><br />
<strong>Reach</strong> <strong>Worth</strong> <strong>US$</strong> 1,<strong>198.2</strong> <strong>Mn</strong> <strong>By</strong> <strong>2025</strong><br />
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According to the latest report published by Credence Research, Inc. “<strong>Needle</strong>-free <strong>IV</strong> <strong>Connectors</strong><br />
<strong>Market</strong>- Growth, Future Prospects and Competitive Analysis, 2017-<strong>2025</strong>,” the global needlefree<br />
<strong>IV</strong> connectors market was valued at <strong>US$</strong> 579.9 <strong>Mn</strong> in 2016, and is expected to reach <strong>US$</strong><br />
1,<strong>198.2</strong> <strong>Mn</strong> by <strong>2025</strong>, expanding at a CAGR of 8.4% from 2017 to <strong>2025</strong>.<br />
Browse the full report <strong>Needle</strong>-free <strong>IV</strong> <strong>Connectors</strong> <strong>Market</strong> - Growth, Future Prospects and<br />
Competitive Analysis, 2017-<strong>2025</strong> report<br />
at https://www.credenceresearch.com/report/needle-free-iv-connectors-market<br />
<strong>Market</strong> Insights<br />
<strong>Global</strong> needle-free <strong>IV</strong> connectors market was valued at <strong>US$</strong> 579.9 <strong>Mn</strong> for the year 2016 and is<br />
anticipated to reach <strong>US$</strong> 1,<strong>198.2</strong> <strong>Mn</strong> by <strong>2025</strong> with a considerable CAGR of 8.4%. Increased<br />
research and development for the needle-free products, rise in demand for more reliable <strong>IV</strong><br />
administration methods, adoption of more sterilized methods for patient compliance are some<br />
of the factors that are driving the market. However, cost of the connectors and complications<br />
related to the use of needle-free connectors hinder the global needle-free <strong>IV</strong> connectors market.<br />
According to the World Health Organization (WHO), an estimate of 1.3 million people die due<br />
to unsafe injections practices. Furthermore, around 2% of H<strong>IV</strong> cases are caused by unsafe<br />
injections practices. Hence, these factors contribute to surge in the global needle-free <strong>IV</strong><br />
connectors market.<br />
Based on the mechanism, the global needle-free <strong>IV</strong> connectors market is segmented into neutral<br />
fluid displacement connectors, positive fluid displacement connectors, and negative fluid<br />
displacement connectors. This segmentation is based on the functioning of the connectors and<br />
involves the fluid mechanism inside them. In terms market value, positive fluid displacement<br />
connectors dominated the global needle-free <strong>IV</strong> connectors market for the year 2016.<br />
Based on the design, the global needle-free <strong>IV</strong> connectors market is segmented into simple and<br />
complex connectors. Simple <strong>IV</strong> connectors do not contain any internal mechanism and allow the<br />
flow of fluid directly through the device lumen. However, complex <strong>IV</strong> connectors have an<br />
internal mechanism to control the flow of the fluid. In term of market value, complex <strong>IV</strong><br />
connectors dominated the global needle-free <strong>IV</strong> connectors market for the year 2016.<br />
Based on the geographical demarcation, North America held the largest share in global market<br />
in 2016 and is expected to grow at considerable pace due to increased demand for the sterilized<br />
techniques. Key players in the global needle-free <strong>IV</strong> connectors market include Amsino<br />
International, Inc., B. Braun Melsungen AG, Baxter International, Inc., Becton Dickinson and
Company, CareFusion Corporation, ICU Medical, Inc., Nexus Medical LLC, NP Medical, Inc., Poly<br />
Medicure Limited, RyMed Technologies LLC, Vygon SA and Victus.<br />
Manufacturers are primarily concentrating on the development of innovative products that can<br />
reduce the risk of conventional <strong>IV</strong> administration methods as well as the complications<br />
associated with needle-free <strong>IV</strong> connectors. For instance, RyMed Technologies LLC has<br />
introduced InVision-Plus needle-free connectors that reduce the risk of bacterial contamination.<br />
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