DUBLIN--(BUSINESS WIRE)--The "Global Medical Connectors Market Research Report Insights, Opportunity Analysis, Market Shares and Forecast, 2017 - 2023" report has been added to ResearchAndMarkets.com's offering.
The Global Medical Connectors Market is Expected to Reach from $2.69 Billion By 2023 from $1.63 Billion in 2016, Growing at a CAGR of 10.5% During Forecast Period 2016-2023
Medical Connectors are the connecting parts which are used for connecting tubing, syringes and catheters to other medical devices. Factors which are driving the growth of the global medical connectors market include growth in medical device market, demand for miniaturized connectors, growth in home health care market and increasing incidence and prevalence of chronic diseases. However stringent regulatory standards, and growing demand for wireless devices are restraining the growth of market for the forecast period.
North America is dominating the medical connectors market for the forecast period. Rapid growing aging population, reimbursement facilities for several surgeries, and growing incidence of major disorder are driving the market in North American region. Different initiative taken by European government in terms of medical technology is indirectly creating opportunity for the growth of market in the region. APAC is expected to grow with the highest CAGR, growing health care infrastructure in Japan, China, and India are creating demand of this market.
Also, high growth potential in this region provides immense opportunities for market players. Rest of the world hold immense opportunity for the forecast period.
Market Determinants
Market Drivers
- Growth in Medical Device Market
- Demand for Miniaturized Connectors
- Growth in Home Health Care Market
- Increasing Incidence And Prevalence of Chronic Diseases
Market Restraints
- Growing Demand for Wireless Devices
- Stringent Regulatory Standards
Market Opportunities
- Untapped Emerging Market
- Hybrid Connectors
Market Challenges
- Poor Infrastructure in Developing Nation
- Availability of Raw Material
Companies Mentioned
- Amphenol Corporation (U.S.)
- AVX Corporation (U.S.)
- Carlisle Interconnect Technologies (U.S.)
- China Aviation Optical Electrical Technology (Jonhon)(China)
- Commscope Inc. (U.S.)
- DDK Ltd.(Japan)
- Delphi Automotive Llp. (U.K.)
- Esterline Corporation (U.S.)
- Fischer Connectors (Switzerland)
- ITT Corporation (U.S.)
- Lemo S.A. (Switzerland)
- Molex (U.S.)
- Samtec (U.S.)
- Smiths Interconnect (U.K.)
- TE Connectivity Ltd. (Switzerland)
For more information about this report visit https://www.researchandmarkets.com/research/ztl5ht/global_medical?w=4
