A research study
titled, “Medical
Connectors Market by Product, Application, and End User - Global
Industry Analysis and Forecast to 2025” published by Crystal Market Research,
states that the medical connectors market is projected to be around $4 billion
by 2025.
Medical connectors are used in transferring signal, data,
power or media. Medical connectors should be compact, sealed, sterilizable, durable,
hermetic and lightweight. Medical connectors are used in defibrillators, diagnostic
devices, surgical instrumentation, medical imaging systems, patient monitoring
devices, cardiology devices, neurology devices, respiratory devices, and
endoscopy devices.
Flat surgical silicone cables segment held the major
share of the overall medical connectors market in 2016. This is attributed to
the advantages offered by the technical features of these cables along with
their biocompatibility and versatility. In 2016, the patient monitoring devices
segment held the largest share of the global market due to rising awareness
about benefits of patient monitoring systems globally. Hospitals & clinics
segment held the major share of the global market in 2016, due to the primary
applications of patient monitoring devices in hospital setting in cases of
chronic diseases and electrosurgical therapy.
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Connectors Market by Product, Application, and End User - Global Industry
Analysis and Forecast to 2025” at: https://www.crystalmarketresearch.com/report/medical-connectors-market
U.S accounted for the major share of the North America
medical connectors market in 2016, due to increasing incidence of chronic
disorders and rising aging population. Emerging economies such as China and
India will witness favorable growth over the forecast period with rise in
healthcare expenditure and adoption of advanced medical devices in the region.
Acquisition is a major strategy adopted by the companies
operating in the global medical connectors market in order to strategically
expand their existing product portfolio. For instance, in June 2014, LEMO
acquired Northwire Inc., a specialty cable manufacturer in order to strengthen
its high quality complete cable connector solutions. Likewise, in June 2016,
Amphenol Ltd. acquired Martec Ltd. to expand its presence in the field of
hermetic interconnects.
Some of the major companies in this market include ITT
Corporation, Esterline Technologies Corporation, LEMO S.A, Molex, TE
Connectivity Ltd, Delphi Automotive LLP, Amphenol Corporation, Fischer
Connectors and Samtec.
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Report @ https://www.crystalmarketresearch.com/report-sample/HC0631
Key
Findings of the Research Study:
·
Flat surgical silicone cables segment
occupied major share of the global market in 2016 and is projected to grow with
the highest CAGR over the forecast period as they offer superior
biocompatibility and versatility.
·
Patient monitoring devices segment occupied
major share of the overall market in 2016, owing to the rising demand and
adoption of patient monitoring systems globally.
·
North America accounted for the major share
of the global medical connectors market in 2016 due to the rise healthcare
expenditure, growing prevalence of chronic disorders and increasing aging
population in the region.
·
Asia-Pacific market exhibits high growth
potential for medical connectors during the forecast period due to increased
healthcare expenditure and rising awareness about advanced healthcare devices.
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Medical Connectors Market Segmentation
By
Product:
- Flat Surgical Silicone Cables
- Power Cords With Retention System
- Lighted Hospital-Grade Cords
- Radio-Frequency Connectors
- Disposable Plastic Connectors
- Embedded Electronics Connectors
- Hybrid Circular Connectors And Receptacle System
- Magnetic Medical Connectors
- Push-Pull Connectors
By
Application:
- Cardiology Devices
- Dental Instruments
- Diagnostic Imaging Devices
- Analyzers And Processing Instruments
- Neurology Devices
- Patient Monitoring Devices
- Electrosurgical Instruments
- Endoscopy Devices
- Respiratory Devices
- Enteral Devices
- Other Applications
By End
User:
- Diagnostic Laboratories and Imaging Centers
- Hospital & Clinics
- Ambulatory Surgical Centers
- Others
By Region:
- North America
o U.S.
o Canada
o Mexico
- Europe
o Germany
o France
o UK
o Italy
o Spain
o Rest of Europe
- Asia-Pacific
o Japan
o China
o Australia
o India
o South Korea
o Rest of Asia-Pacific
- Rest of the World
o Brazil
o South Africa
o Saudi Arabia
o Turkey
o United Arab Emirates
o Others
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About Crystal
Market Research
Crystal Market Research is a U.S. based market research
and business intelligence company. Crystal offers one stop solution for market
research, business intelligence, and consulting services to help clients make
more informed decisions. It provides both syndicated as well as customized
research studies for its customers spread across the globe. The company offers
market intelligence reports across a broad range of industries including
healthcare, chemicals & materials, technology, automotive, and energy.
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