The major factors driving the growth of this market are increasing incidence and prevalence of chronic diseases, rapid growth in the medical devices market, and growth in the home healthcare market, which results in increased adoption of miniaturized connectors and growing healthcare expenditure across the globe.
The 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%.
Ask for PDF Brochure: - https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=81731061
The medical connectors market is segmented based on products,
application, end user, and region in this report. On the basis of products, the
market is segmented into flat surgical silicone cables, embedded electronics
connectors, radio-frequency connectors, disposable plastic connectors, hybrid
circular connectors & receptacle system, power cords with retention system,
lighted hospital-grade cords, magnetic medical connectors, and push-pull
connectors. The flat surgical silicone cables segment is expected to grow at
the highest CAGR during the forecast period. Increasing awareness about the
application of connectors and its technical features are the factors driving
the growth of this segment.
By application, the market is classified into cardiology
devices, diagnostic imaging devices, electrosurgical instruments, patient monitoring
devices, endoscopy devices, respiratory devices, analyzers and processing
instruments, dental instruments, neurology devices, enteral devices, and other
applications. The patient monitoring devices segment is expected to grow at the
highest CAGR during the forecast period due to increasing incidence of chronic
diseases and increasing adoption of patient monitoring devices.
Based on end user, the market is classified into hospitals &
clinics, diagnostic laboratories and imaging centers, ambulatory surgical
centers, and other end users. The hospitals & clinics end user segment is
expected to grow at the highest CAGR during the forecast period due to factors
such as increasing demand for electrosurgical therapy and growing incidence of
chronic disorders.
On the basis of region, North America accounted for the largest
share in the market in 2016. However, in the coming five years, growth in the
market is expected to be centered on Asia. The increasing prevalence and
incidence rate of chronic disorders in Asia provides growth opportunities to
players in the market. Key players are focusing on strategies such as product
launches, acquisitions, and expansions to strengthen their foothold in the
market.
Request for Sample Pages: - https://www.marketsandmarkets.com/requestsampleNew.asp?id=81731061
Top Key Players:-
Key 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.).
No comments:
Post a Comment