Europe Needle-free IV Connectors Market to Surpass US$ 442.5 Million by 2027, Says Coherent Market Insights (CMI)

SEATTLE--(BUSINESS WIRE)--According to Coherent Market Insights, the Europe needle-free IV connectors market is estimated to be valued at US$ 246.2 billion in 2020 and is expected to exhibit a CAGR of 8.7% over the forecast period (2020-2027).

Key Trends and Analysis of the Europe Needle-free IV Connectors Market:

Key companies in the market are focusing on product launches and approvals of novel needle-free IV connectors, which is expected to drive growth of the market during the forecast period. For instance, in 2016, Hospira, a Pfizer-owned company and provider of infusion technologies, received the CE mark approval for a new needle-free intravenous (IV) connector, Nuitiv Clear Needle-free Connector. Nuitiv was launched globally, with immediate availability in Latin America, followed by Europe in early 2016.

Moreover, key companies in the market are focusing on inorganic strategies such as mergers and acquisitions to strengthen their position in the Europe needle-free IV connectors market. For instance, in 2019, ICU Medical, Inc. acquired Pursuit Vascular, a medical devices company. Under this acquisition, the ICU Medical, Inc acquired the ClearGuard HD, a natural extension of their needle-free IV connector and other infection control technologies, which together will provide best solutions to ICU for novel needle free IV connectors development.

Among countries, United Kingdom is witnessing rising number of dialysis procedures, which is expected to increase demand for needle-free IV connectors, in order to minimize the risk of catheter contamination and catheter-related bloodstream infections (CRBSIs) and that is expected to drive the United Kingdom needle-free IV connectors market. For instance, according to Kidney Care UK, in 2019, there were almost 30,000 people on dialysis in the U.K.

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Key Market Takeaways:

The Europe needle-free IV connectors market is expected to exhibit a CAGR of 8.7% during the forecast period, owing to key companies focusing on mergers and acquisitions. For instance, in 2016, Amsino entered into a merger with ICU Medical Inc. Under this merger, ICU medical will provide its Clave technology for Amsino’s IV disposable administration and extension sets for various surgical procedures.

Key Players Covered in this report:

Key players operating in the Europe needle-free IV connectors market include Cardinal Health, Inc, Amsino International, Inc, ICU Medical, Inc, Vygon S.A, Baxter International Inc, Becton, Dickinson and Company, B. Braun Melsungen AG, NP Medical Inc, Poly Medicure Limited, CODAN Medizinische Geräte GmbH & Co KG, and Integrity Devices Ltd.

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Market Segmentation:

• Europe Needle-free IV Connectors Market, By Design Type:
  • Straight Channel
  • T-channel
  • Y-channel
  • Multi-channel
• Europe Needle-free IV Connectors Market, By Mechanism :
  • Positive Fluid Displacement
  • Negative Fluid Displacement
  • Neutral Fluid Displacement
• Europe Needle-free IV Connectors Market, By Dwell Time :
  • Seven Day
  • Other than Seven Day
• Europe Needle-free IV Connectors Market, By Country:
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Russia
  • Denmark
  • Sweden
  • Poland
  • Rest of Europe

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About Us:

Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having sales office at global financial capital in the U.S. and sales consultants in United Kingdom and Japan. Our client base includes players from across various business verticals in over 57 countries worldwide.