Small Bore Connectors Market Size
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
CAGR | 4.50 % |
Fastest Growing Market | Asia Pacific |
Largest Market | North America |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
Small Bore Connectors Market Analysis
The global small-bore connectors market is anticipated to grow with a CAGR of nearly 4.5% during the forecast period. Cardiovascular, urology, and neurology diseases have become the most dominant cause of mortality and morbidity in the world during the last three decades. Increasing utilization of small-bore connectors in the treatment of these chronic diseases is anticipated to drive the market over the forecast period. According to 2015 statistics by the Department of Health, more than 40% of New York adults suffer from a chronic disease, and chronic diseases are responsible for 23% of all hospitalizations in New York State. Six out of every 10 deaths in New York State are caused by chronic diseases. This results in a growing need for small-bore connectors in disease treatment, thereby propelling market growth.
A rising number of surgeries coupled with rising usage of small bode connectors has also boosted its demand. Manufacturers are resorting to new materials, which ward off the instances of rough use that is regularly experienced by medical devices and equipment. Furthermore, improving medical infrastructures and favorable reimbursement policies help to expand the market. For example, International Organization for Standardization developed ISO 80369 series of standards to improve patient safety and reduce the risk of small-bore misconnections used in liquid and gas healthcare applications.
Technology advancement to mitigate wrong route errors coupled with rising usage of small bode connectors for various applications has also boosted its demand. Some other key factors such as fatigue-deprived performance under pressure, flow rates, clinical requirements, air pressures, and several other performance characteristics is expected to boost the market growth.
However, stringent regulatory standards hinder the growth of the global small bore connectors market.
Small Bore Connectors Market Trends
This section covers the major market trends shaping the Small Bore Connectors Market according to our research experts:
Liquid bore connector From Product Segment Dominates the Market and is Expected to Continue the Same during the Forecast Period
The liquid bore connector is expected to dominate the small bode connectors market through the forecast period. The increasing adoption of liquid bore connectors that help to inject liquid nutrients or medicine to the stomach or intestines in patients who are unable to eat or drink by mouth or need supplemental nutrition. Thus acting as a high impact rendering factor for this segment's growth.
Increasing adoption of liquid bore connector for various applications such as breathing systems and driving gases, enteral and gastric, urethral and urinary, limb cuff inflation, neuraxial devices is supplementing the growth of this verticle.
On the other hand, Intravascular from application segment is expected to be the fastest-growing segment during the forecast period. It is generally used to deliver medications or fluids through a patient's neck, chest or veins in the arm. The International Organization for Standardization is taking several actions including the development of standardized connector designs for specific medical applications intended to physically prevent connections with devices used for other medical applications, which will positively influencing the growth of this verticle. For intsnace, ISO/FDIS 80369-7 External Link Disclaimer, is being finalized and will provide manufacturers with specifications for intravenous and hypodermic applications.
North America Dominates the Market and is Expected to Continue the Same during the Forecast Period
North America held a majority of the market share. The region suffers from the burden of rising chronic diseases and a growing geriatric population. North America has sophisticated healthcare facilities, and the reimbursement coverage contributes to the large market share of the region. According to the National Center for Chronic Disease Prevention and Health, 6 in 10 adults of the US have a chronic disease at some point in their lives. Chronic disease is the leading cause of death and disability and Leading Drivers of the Nation's USD 3.5 Trillion in Annual Health Care Costs. The aforementioned factors are expected to boost regional growth.
The Asia Pacific is anticipated to witness growth with a lucrative rate over the forecast period. The target population comprising individuals with chronic conditions such as neurological disorders, diabetes, and infectious disorders are on the rise in these developing regions. This provides avenues for players in this vertical to carry out campaigns and awareness programs with regards to disease treatment thereby increasing product penetration in the regional verticals. In low- and middle-income countries, communicable diseases and injuries comprise a growing proportion of the disease burden, which will further drive the demand for small bore connectors.
Small Bore Connectors Industry Overview
The market for small bode connectors is highly competitive and consists of the global as well as local players. Some of the companies which are currently present in the market are B. Braun Melsungen AG, Becton, Dickinson and Company, ICU Medical, Smiths Medical, Merck KGaA. Most of the key players are emphasizing on developing new connectors that follow the ISO standards. Various programs are being organized to improve patient safety by reducing the risk of medical device tubing misconnections. For instance, ISO, AAMI, and an international joint group are making advances towards reducing the potential for tubing misconnections and increasing patient safety, which is a major focus of the small-bore connector initiative.
Small Bore Connectors Market Leaders
-
B. Braun Melsungen AG
-
Becton, Dickinson and Company
-
ICU Medical
-
Merck KGaA
-
Smiths Medical
*Disclaimer: Major Players sorted in no particular order
Small Bore Connectors Market Report - Table of Contents
-
1. INTRODUCTION
-
1.1 Study Assumptions
-
1.2 Scope of the Study
-
-
2. RESEARCH METHODOLOGY
-
3. EXECUTIVE SUMMARY
-
4. MARKET DYNAMICS
-
4.1 Market Overview
-
4.2 Market Drivers
-
4.2.1 Increasing Prevalence of Chronic Disorders
-
4.2.2 Increase in Number of Surgeries
-
4.2.3 Technology Advancement to Mitigate Wrong Route Errors
-
-
4.3 Market Restraints
-
4.3.1 Stringent Regulatory Standards
-
-
4.4 Porter's Five Force Analysis
-
4.4.1 Threat of New Entrants
-
4.4.2 Bargaining Power of Buyers/Consumers
-
4.4.3 Bargaining Power of Suppliers
-
4.4.4 Threat of Substitute Products
-
4.4.5 Intensity of Competitive Rivalry
-
-
-
5. MARKET SEGMENTATION
-
5.1 By Product
-
5.1.1 Liquid Bore Connector
-
5.1.2 Gas Bore Connectors
-
-
5.2 By Application
-
5.2.1 Enteral
-
5.2.2 Intravascular
-
-
5.3 By End User
-
5.3.1 Hospitals
-
5.3.2 Home Care Settings
-
5.3.3 Others
-
-
5.4 Geography
-
5.4.1 North America
-
5.4.1.1 United States
-
5.4.1.2 Canada
-
5.4.1.3 Mexico
-
-
5.4.2 Europe
-
5.4.2.1 Germany
-
5.4.2.2 United Kingdom
-
5.4.2.3 France
-
5.4.2.4 Italy
-
5.4.2.5 Spain
-
5.4.2.6 Rest of Europe
-
-
5.4.3 Asia-Pacific
-
5.4.3.1 China
-
5.4.3.2 Japan
-
5.4.3.3 India
-
5.4.3.4 Australia
-
5.4.3.5 South Korea
-
5.4.3.6 Rest of Asia-Pacific
-
-
5.4.4 Middle-East and Africa
-
5.4.4.1 GCC
-
5.4.4.2 South Africa
-
5.4.4.3 Rest of Middle-East and Africa
-
-
5.4.5 South America
-
5.4.5.1 Brazil
-
5.4.5.2 Argentina
-
5.4.5.3 Rest of South America
-
-
-
-
6. COMPETITIVE LANDSCAPE
-
6.1 Company Profiles
-
6.1.1 B. Braun Melsungen AG
-
6.1.2 Baxter International Inc.
-
6.1.3 Becton, Dickinson and Company
-
6.1.4 Elcam Medical
-
6.1.5 ICU Medical Inc.
-
6.1.6 Merck KGaA
-
6.1.7 Merit Medical Systems Inc.
-
6.1.8 Nordson Corporation
-
6.1.9 Qosina
-
6.1.10 Smiths Medical
-
- *List Not Exhaustive
-
-
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Small Bore Connectors Industry Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2025. For the purpose of this study, ÌÇÐÄvlog´«Ã½ has segmented the global small-bore connectors market report on the basis of product, application, end-user, and region.
By Product | |
Liquid Bore Connector | |
Gas Bore Connectors |
By Application | |
Enteral | |
Intravascular |
By End User | |
Hospitals | |
Home Care Settings | |
Others |
Geography | ||||||||
| ||||||||
| ||||||||
| ||||||||
| ||||||||
|
Small Bore Connectors Market Research FAQs
What is the current Small Bore Connectors Market size?
The Small Bore Connectors Market is projected to register a CAGR of 4.5% during the forecast period (2024-2029)
Who are the key players in Small Bore Connectors Market?
B. Braun Melsungen AG , Becton, Dickinson and Company , ICU Medical , Merck KGaA and Smiths Medical are the major companies operating in the Small Bore Connectors Market.
Which is the fastest growing region in Small Bore Connectors Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Small Bore Connectors Market?
In 2024, the North America accounts for the largest market share in Small Bore Connectors Market.
What years does this Small Bore Connectors Market cover?
The report covers the Small Bore Connectors Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Small Bore Connectors Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Small Bore Connectors Industry Report
Statistics for the 2024 Small Bore Connectors market share, size and revenue growth rate, created by ÌÇÐÄvlog´«Ã½â„¢ Industry Reports. Small Bore Connectors analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.