Needle-free IV connectors reduce the risk of microbial and bacterial contamination during intravenous injections, and thus, have received FDA approval. Needle free IV connectors are used to prevent contamination, a common occurrence with conventional metal needles. Needleless connectors are an integral part of the IV delivery system, as it provides maximum safety to the patient as well the healthcare professional. There are several needle free connectors present in the market that reduces the fluid displacement as well possess zero fluid reflux while infusing the liquid. The healthcare sector in developed and emerging economies are inclining towards adopting infusion therapy which are completely needle free, thereby trying to ensure maximum safety and quality to the patients. The use of needle free connectors are highly effective in reducing the risks involved in needle stick injuries.
Low costs of positive fluid displacement connectors dominating the global needle free IV connectors market
The global needle free IV connectors market can be segmented on the basis of fluid displacement mechanism, commercial availability, end user and geographical regions.
Based on the type of fluid displacement mechanism, the global market is segmented into-
The global needle free IV connectors market is mainly dominated by positive fluid displacement connectors due to its low cost and better efficiency in reducing bloodstream infections. The positive fluid displacement connectors was attributed to account largest market share of around 34% in 2013.
On the basis of commercial availability, the global market is segmented into -
Based on the end user, the global needle free IV connectors market is segmented into-
Asia Pacific to be key growth engine for the global needle free IV connectors market
On the basis of regional segmentation, the global needle free IV connectors market can be segmented into North America, Europe, Latin America, Asia Pacific, Middle East and Africa. North America leads the needle free IV connectors industry due to rise in the geriatric population. For instance, the National Institute of Health (NIH) suggests that 8.5% of the worldwide population are aged 65 years and above leading to the fact that this population is more prone towards incidence of chronic diseases. Apart from this, several other factors driving the growth of the market includes government investments and funding to improve healthcare infrastructure, awareness in people and healthcare practitioners. Asia pacific is expected to show striking growth over the forecast period due to growth in prevalence of chronic diseases and improvement in the healthcare facilities.
Government undertaking the improvisation of healthcare facilities leading to rise of the global needle free IV connectors market
The bacterial and microbial bloodstream infection caused due to the use conventional needle stick devices is the major factor responsible for boost of the needle free IV connectors market. The needle free devices not only reduce the risk of these infections, but also provides convenience to the medical and nursing personnel to administer to draw fluids into and out of the bloodstream. The low cost of positive fluid displacement connectors is another important reason responsible to boost the needle free IV connectors market. However, increase in the rate of catheter related blood stream infections (CRBSI) could hinder the growth of needle free IV connector market.
Hospira standing out as one of the major dominating player of the global needle free IV connectors market
Key players of the needle free IV connectors market includes Hospira, Baxter healthcare corporation, CareFusion Corporation, ICU Medical, Becton, Dickinson and Company, B. Braun Medical Inc., RyMed Technologies, Vygon SA and Nexus Medical LLC. In 2016, Hospira announced a CE mark approval for the launch of its new IV connector.
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