recent report published by Infinium Global Research on medical connectors market provides in-depth analysis of segments and sub-segments in global as well as regional medical connectors market. The study also highlights the impact of drivers, restraints and macro indicators on the global and regional medical connectors market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global medical connectors market. According to the report the global medical connectors market is projected to grow at a CAGR of 8.4% over the forecast period of 2018-2024.
Medical connectors are a special type of connectors that are used for several application such as they could be employed for use in endoscopy devices, patient monitoring devices, electrosurgical instruments, diagnostic imaging devices, and cardiology devices. On the other hand, they could find application in enteral devices, neurology devices, dental instruments, processing instruments and analyzers, and respiratory devices.
Global medical connectors the market is showing a positive trend of development around the globe. There are many factors which are indicating a positive outlook of the market for medium and long term. Factors such as increasing incidence of chronic diseases, rapid growth in the medical devices market, and highly developed healthcare infrastructure, which results in increased adoption of miniaturized connectors and growing healthcare expenditure across the globe are driving the market globally.
On the basis of region, medical connectors market is fragmented into North America, Europe, Asia, and the Rest of the World (RoW). North America is a leading player in this market globally, due to advancement in medical technology, increasing the number of portable devices to cater to the need for home health care facilities, etc. are the major factors responsible for the increasing demand for medical connectors in North America. Asia-pacific region is the fastest growing market during the forecast period. The growth of medical connectors market in this region is attributed to the high patient population, growing healthcare infrastructure, and increased focus of international players on the emerging nations in this region.
The report on global medical connectors market covers segments such as product, application, and end-use. On the basis of product the global medical connectors market is categorized into flat silicone surgical cables, embedded electronics connectors, radio-frequency connectors, disposable plastic connectors, hybrid circular connector and receptacle systems, push-pull connectors and others. On the basis of application, the global medical connectors market is categorized into patient monitoring devices, electrosurgical devices, diagnostic imaging devices, cardiology devices, respiratory devices, dental instruments and other applications. On the basis of end-use the global medical connectors the market is categorized into hospitals & clinics, diagnostic laboratories & imaging centers, ambulatory surgical centers, and other end users.
The countries covered in the North America region include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia, and among others. Moreover, Germany, U.K., France, Spain, and Rest of Europe are included in the European region. The U.S. drives the growth in the North America region as it is the largest market in the region. The Asia-pacific region offers a substantial potential for the market growth owing to rapid growth in markets such as India and China. The APAC region is projected to experience growth at a CAGR of x.x% over the period of 2018-2024.
The report provides profiles of the companies in the global medical connectors market such as Amphenol Corporation, Delphi Automotive LLP, ITT Interconnect Solutions (A Subsidiary of ITT Corporation), Smiths Interconnect (A Division of Smiths Group), TE Connectivity Ltd., Fischer Connectors, Molex ( A Subsidiary of Koch Industries), Esterline Technologies Corporation, LEMO S.A and Samtec.
The report provides deep insights on demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the global medical connectors market. Moreover, IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of medical connectors market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the medical connectors market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players. This report will help manufacturers, suppliers, and distributors of the medical connectors market to understand the present and future trends in this market and formulate their strategies accordingly.
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