The increasing demand for miniaturized connectors, expanding medical devices industry, surging aging population, and rising prevalence of chronic diseases are some of the major reasons behind for the prosperity of the medical connectors market. In 2016, the market attained a size of $1.9 billion, and it is projected to generate a revenue of $2.8 billion by 2023, progressing at a CAGR of 6.3% during the forecast period (2017–2023). Medical connectors are used to latch or un-latch the tubing in medical devices and connect such devices and systems for transferring signals, data, media or power.
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Based on product, the medical connectors market is broadly categorized into board-to-board, push-pull, radio-frequency, input/output (I/O) rectangular, and disposable plastic. Out of these, in 2016, board-to-board connectors dominated the market with a revenue contribution of $725.8 million, and these are predicted to continue dominating it during the forecast period. This is attributed to the fact that these connectors comply with strict safety standards, such as prevention of inadvertent plug disengagement, and have a better shock rating.
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Similarly, as per the World Bank, in 2012, in the U.S., 30,537 surgeries were done per 100,000 population. In 2015, the number of surgical procedures done in Australia was 28,907 per 100,000 population. As per a World Health Organization publication of 2016, nearly 359.5 million surgeries were performed in 2012 around the world. The continuous increase in the surgery volume is further expected to accelerate the use of medical devices and significantly contribute to the growth of the medical connectors market.
Basically, this report is designed to give a proper understanding of industry structure and competition intensity attractiveness.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the medical connectors market include Amphenol Corporation, Delphi Automotive PLC, Smiths Group plc, ITT Interconnect Solutions (ITT Corporation), TE Connectivity Ltd., Fischer Connectors SA, LEMO SA, Samtec, Inc., Molex, LLC, Esterline Technologies Corporation.
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Medical Connectors Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/medical-connectors-market/download-sampleMarket DynamicsThe rapidly growing medical devices industry is the prominent factor that is fuelling the global medical connectors market.
The rising incidents of chronic diseases, especially cardiac and neurological disorders, advancement in medical connectors technology, and growing awareness about healthcare among the global population are anticipated to drive the global market.
Furthermore, factors such as growing demand from emerging countries and inclination towards hybrid connectors are expected to support the market's growth.The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis.
These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.Additionally, these tools also give inclusive assessment of each application/product segment in the global market of medical connectors.
Report OverviewThe medical connectors market is projected to reach USD 2.69 Billion by 2021 from USD 1.63 Billion in 2016, at a CAGR of 10.5%.
The high incidence and prevalence of chronic disorders, rise in healthcare expenditure, and growth in the home healthcare market are the major factors fueling the growth of this market.To know about the assumptions considered for the study, download the pdf brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=81731061Medical Connector Market, by Products Flat Surgical Silicone CablesEmbedded Electronics ConnectorsRadio-Frequency ConnectorsDisposable Plastic ConnectorsHybrid Circular Connectors And Receptacle SystemPower Cords With Retention SystemLighted Hospital-Grade CordsMagnetic Medical ConnectorsPush-Pull ConnectorsMedical Connector Market, by ApplicationPatient Monitoring DevicesDiagnostic Imaging DevicesElectrosurgical InstrumentsCardiology DevicesEndoscopy DevicesRespiratory DevicesAnalyzers And Processing InstrumentsDental InstrumentsNeurology DevicesEnteral DevicesOther ApplicationsMedical Connector Market, by End UsersHospital & ClinicsDiagnostic Laboratories And Imaging CentersAmbulatory Surgical CentersOther End UsersMedical Connector Market, by RegionNorth AmericaU.S.CanadaEuropeAsiaChinaJapanIndiaRoARest of the World (RoW)Leading Companies and Market SharesKey players in the market include Amphenol Corporation (U.S.), Delphi Automotive LLP.
(U.K.), Esterline Corporation (U.S.), ITT Corporation (U.S.), Smiths Interconnect (U.K.), TE Connectivity Ltd. (Switzerland), Fisher Connectors (Switzerland), Lemo S.A. (Switzerland), Molex (U.S.), and Samtec (U.S.).Inquiry about medical connectors market before buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=81731061
Medical Connectors Market Insights 2019, Global and Chinese Scenario is a professional and in-depth study on the current state of the global Medical Connectors industry with a focus on the Chinese market.
The report provides key statistics on the market status of the Medical Connectors manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.Overall, the report provides an in-depth insight of 2014-2024 global and Chinese Medical Connectors market covering all important parameters.The key ponits of the report:The report provides a basic overview of the industry including its definition, applications and manufacturing technology.The report explores the international and Chinese major industry players in detail.
In this part, the report presents the company profile, product specifications, capacity, production value, and 2014-2019 market shares for each company.Through the statistical analysis, the report depicts the global and Chinese total market of Medical Connectors industry including capacity, production, production value, cost/profit, supply/demand and Chinese import/export.The total market is further divided by company, by country, and by application/type for the competitive landscape analysis.The report then estimates 2019-2024 market development trends of Medical Connectors industry.
Analysis of upstream raw materials, downstream demand, and current market dynamics is also carried out.The report makes some important proposals for a new project of Medical Connectors Industry before evaluating its feasibility.There are 3 key segments covered in this report: competitor segment, product type segment, end use/application segment.For competitor segment, the report includes global key players of Medical Connectors as well as some small players.
At least 9 companies are included:Amphenol CorporationDelphiITT Interconnect SolutionsSmiths InterconnectTE Connectivity Ltd.Fischer ConnectorsReport Sample includes:- Table of Contents- List of Tables & Figures- Charts- Research MethodologyGet FREE Sample of this Report at https://www.24marketreports.com/report-sample/global-medical-connectors-2019-2024-995For complete companies list, please ask for sample pages.The information for each competitor includes:Company ProfileMain Business InformationSWOT AnalysisSales, Revenue, Price and Gross MarginMarket ShareFor product type segment, this report listed main product type of Medical Connectors market in gloabal and china.Flat SiliconeHybridEmbeddedRadio FrequencyPush-PullReasons to Purchase this Report:Estimates 2019-2024 Medical Connectors market development trends with the recent trends and SWOT analysisMarket dynamics scenario, along with growth opportunities of the market in the years to comeMarket segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspectsRegional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.Market value (USD Million) and volume (Units Million) data for each segment and sub-segmentCompetitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five yearsComprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players1-year analyst support, along with the data support in excel format.Any special requirements about this report, please let us know and we can provide custom report.Get the Complete Report & TOC athttp://www.24prdesk.com/news/114212/medical-connectors-market-to-2CONTACT US:276 5th Avenue, New York , NY 10001,United StatesInternational: (+1) 646 781 7170Email: [email protected] Us On linkedin :- https://www.linkedin.com/company/24-market-reports
