Europe needle free iv connectors market

Europe Needle-free IV Connectors Market, by Design Type (Straight Channel, T-channel, Y-channel, and Multi-channel), by Mechanism (Positive Fluid Displacement, Negative Fluid Displacement, and Neutral Fluid Displacement), by Dwell Time (Seven Day and Other than Seven Day), and by Country (Germany, U.K., France, Italy, Spain, Russia, Denmark, Sweden, Poland, and Rest of Europe) - Size, Share, Outlook, and Opportunity Analysis, 2020 - 2027

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Oct 2020
CMI4261
193 Pages
Excel & Pdf
Medical Devices

Summary

Needleless connectors are essential devices, which connect to the end of vascular catheters and enable catheter access for aspiration and infusion in patients. Needle-free intravenous catheter controls the access for vascular catheters. The use of needleless connectors reduces needle-stick injuries, which is major side effect of needle connectors and thus lessens the risk of blood borne infectious diseases. Needle-free connectors with extended dwell time can help to prevent intraluminal contamination, as well as device cross-contamination in patients.

Europe needle-free IV connectors market is estimated to be valued at US$ 246.2 million in 2020 and is expected to exhibit a CAGR of 8.7% during the forecast period (2020-2027).

Figure 1. Europe Needle-free IV Connectors Market Value (US$ Mn), 2016-2027

Europe needle-free IV connectors market is expected to witness significant growth in the near future, owing to increasing needle-stick injuries caused by needle IV connectors. For instance, according to the European Agency for Safety and Health at Work (EU-OSHA) report 2018 estimates, around 1 million needle stick injuries (NSIs) are reported in Europe each year that are caused due to usage of needle connectors.

Moreover, key players in the market are focusing on launching of novel needle-free IV connectors, and launches and approval of such new needle-free IV connectors in the market are expected to support growth of the market during the forecast period. For instance, in September 2018, Amsino International, Inc., a U.S.-based medical device manufacturer, received the U.S. Food and Drug Administration (FDA) 510(k) approval for its new SURE-LOK needle-free connector, and it is also available in Europe.

Europe Needle-free IV Connectors Market Report Coverage

Report Coverage	Details
Base Year:	2019	Market Size in 2020:	US$ 246.2 Mn
Historical Data for:	2016 to 2019	Forecast Period:	2020 to 2027
Forecast Period 2020 to 2027 CAGR:	8.7%	2027 Value Projection:	US$ 442.5 Mn
Geographies covered:	Europe: Germany, U.K., France, Italy, Spain, Russia, Denmark, Sweden, Poland, and Rest of Europe.
Segments covered:	By Design Type: Straight Channel, T-channel, Y-channel, Multi-channel. By Mechanism: Positive Fluid Displacement, Negative Fluid Displacement, Neutral Fluid Displacement. By Dwell Time: Seven Day, Other than Seven Day.
Companies covered:	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.
Growth Drivers:	Increasing risk of catheter-related bloodstream infections in ICUs in Germany Rising immunotherapy treatment for cancer, which are primarily administered through an IV infusion
Restraints & Challenges:	Needle-free IV connectors use leads to development of microbial biofilm

Europe Needle-free IV Connectors Market – Impact of Coronavirus (COVID-19)

Following the outbreak of COVID-19 in December 2019, the disease has spread to over 100 countries, across the globe and the World Health Organization has declared it as a public health emergency. According to the World Health Organization’s report, the manifestation of the coronavirus (COVID-19) has resulted in over 43.4 million infected individuals globally, as of October 27, 2020.

COVID-19 has affected the Europe needle-free IV connectors market in three main ways; by directly affecting production and demand, by creating disruptions in distribution channels, and through its financial impact on firms and financial markets. Due to nationwide lockdowns, several countries such as Italy, Germany, and the U.K. are facing challenges with regards to transportation of products and raw materials, which is expected to limit the market growth during the forecast period.

Figure 2. Europe Needle-free IV Connectors Market Share (%), by Country, 2020 & 2027

Among country, Germany is expected to witness significant growth in the Europe needle-free IV connectors market, owing to increasing risk of catheter-related bloodstream infections in ICUs in Germany, which is expected to drive demand for needle-free IV connectors in the market. For instance, according to the Antimicrobial Resist Infect Control and a study published by National Center for Biotechnology Information in 2018, the frequency of catheter-related bloodstream infections increased in ICUs in Germany between 2006 and 2015 and recorded 100 to 200 catheter-related bloodstream infection cases per 1,000 patients, each day.

Key Players

Major 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.

Table of Content

*Browse 40 market data tables and 29 figures on "Europe Needle-free IV Connectors Market – Country-wise Forecast to 2027”.

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- Frequently Asked Questions -

What is the market size and compound annual growth rate (CAGR) of the market during the forecast period (2020-2027)?

The Europe needle-free IV connectors market size is estimated to be valued at US$ 246.2 Million in 2020 and is expected to exhibit a CAGR of 8.7% between 2020 and 2027.

What are the major drivers for the Europe needle-free IV connectors market growth?

Rising needle-stick injuries in the region and key players focusing on launches and approvals of new needle-free IV connectors are the factors that are driving growth of the Europe needle-free IV connectors market.

Which is the leading design type segment in the Europe needle-free IV connectors market?

Multi-channel segment is estimated to account for major market share in 2020, owing to ability of multi-channel needle-free IV connectors to minimize catheter hub contamination and air entry into the intravenous system.

Which is the leading mechanism segment on the basis of application in the Europe needle-free IV connectors market?

The neutral fluid displacement segment is estimated to hold major market share in 2020, owing to factors such as neutral fluid displacement can be used along with power injectors such as CT-scan, and it reduces central line occlusions by 85%.

Which is the leading major dwell time segment on the basis of therapy in the Europe needle-free IV connectors market?

The seven-day segment is estimated to hold major market share in 2020, as key players across the region are focusing on regulatory approval of novel needle free IV connectors.

Which country is estimated to generate the largest market share in 2020 in the Europe needle-free IV connectors market?

Germany is estimated to account for largest revenue share in 2020 in the Europe needle-free IV connectors market.