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Medical Connectors Market by Product, Application & by End User - Global Forecast to 2021

Medical Connectors Market: Global Forecast until 2021

  • May 2017
  • 134 pages
  • ID: 4897125
In this report:
In 2016, the patient monitoring devices segment is expected to command the largest share of ##.##% of the medical connectors market in the U.S. This application segment is projected to reach USD ##.## million by 2021 from USD ##.## million in 2016, at a CAGR of ##.##% during the forecast period.
In 2016, the hospitals & clinics segment is expected to command the largest share of ##.##% of the medical connectors market in the U.S. This segment is projected to reach USD ##.## by 2021 from USD ##.## in 2016, at a CAGR of ##.##% during the forecast period.

Summary

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The medical connectors market is estimated to grow ~$2.7B by 2021 from ~$1.6B in 2016, at a compound annual growth rate (CAGR) of 10.50 percent. The main factors providing to the rise of the overall market contain the growing incidence and prevalence of chronic disorders, fast growth in the aging population, which in turn leads to the growing demand for medical devices and high healthcare expenditure. Nevertheless, the increasing demand for wireless devices and stringent regulatory standards for medical connectors are the main restraints for the industry.

Established on application, the sector is divided into patient monitoring devices, electrosurgical instruments, cardiology devices, diagnostic imaging devices, endoscopy devices, respiratory devices, analyzers and processing instruments, dental instruments, neurology devices, enteral devices, and other applications. In 2016, the patient monitoring devices segment recorded for the most important share of the overall market. The big share of this application segment is assigned to growing incidence of chronic diseases and rising adoption of patient monitoring devices.

On the basis of end user, the sector is divided into hospitals & clinics, diagnostic laboratories & imaging centers, ambulatory surgical centers, and other end users. The hospitals & clinics end user segment recorded for the biggest share of the market during the outlook period due to the increasing incidence of chronic disorders and growing demand for electrosurgical therapy.

Geographically, North America continent controls the sector. Increase in the North American segment is primarily influenced by the fast growth in the aging population, availability of reimbursement for different surgeries, and rising incidence of main disorders. Additionally, the huge growth potential in the Asian area offers alternatives for competitors in the industry.

The main players in the sector are Amphenol Corporation, Delphi Automotive LLP., Esterline Corporation, ITT Corporation, Smiths Interconnect, TE Connectivity Ltd., Fisher Connectors, Lemo S.A., Molex, and Samtec.

Segment Research

Apart from comprehensive geographic & devices review and sizing of market, the study also offers a competitive analysis that includes the increase strategies approved by sector actors over the last three years. Moreover, the corporation reviews include the product types, advancements, and strategies approved by actors to maintain and rise their companies in the industry.

Why Purchasing This Study Can Help You:

This business report will allow both established firms as well as new entrants/smaller companies to measure the pulse of the sector, which in turn will facilitate these companies, collect greater segment market share. Firms obtaining the analysis can use any one or an aggregation of the below-mentioned five strategies for strengthening their market shares.

This study furnishes highlights on the following points:

• Market Uptake: Exhaustive data on the product portfolios of the top actors in the medical connectors market. The report analyses the medical connectors market by products, application, final users, and area.

• Product Development/Innovative products: In-depth understanding on the next technologies, Research&development activities, and launches of new product in the medical connectors market

• opposing assessment: In-depth assessment of the market strategies, geographic and industry segments, and product review of the main players in the medical connectors market

• Market Development: Highlighted information about emerging sectors. This industry report examines the sector for medical connectors across geographies

• industry diversification: Complete information about recent products, untapped areas, recent evolutions, and market investments in the medical connectors market

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