Global Medical Connectors Market will increase CAGR by 7.2% Annually till 2022

Zion Market Research has published a new report titled “Medical Connectors Market by Type (Flat Surgical Silicone Cables, Embedded Electronics Connectors, Radio-Frequency Connectors, Disposable Plastic Connectors, Hybrid Circular Connectors and Receptacle System, Power Cords With Retention System, Lighted Hospital-Grade Cords, Magnetic Medical Connectors and Push-Pull Connectors), by Applications (Monitoring Devices, Therapeutic Devices and Diagnostic Devices) and by End User Type (Hospitals and Clinics, Ambulatory Surgical Centers and Diagnostic Centers), 2014 – 2022”.  According to the report, the global Medical Connectors Market accounted for USD 1901.3 Million in 2016 and is expected to reach USD 2878.5 Million by 2022, growing at a CAGR of around 7.2% between 2017 and 2022.

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Connectors can be defined as the product that is used to form a connection between two different distinct gadgets for several purposes like an exchange of data, projecting images and much more. These connectors have wide application in several verticals like automotive, Infotech, mobile devices, industrial machinery and devices, Telecommunication, Medical and few others. The Connectors used in medical industry are of several types. These include Flat Surgical Silicone Cables, Embedded Electronics Connectors, Radio-Frequency Connectors, Disposable Plastic Connectors, Hybrid Circular Connectors and Receptacle System, Power Cords With Retention System, Lighted Hospital-Grade Cords, Magnetic Medical Connectors and Push-Pull Connectors. Each of the connectors has its own unique application. The connector to be used depends upon the type of devices used in the medical examination, monitoring or treatment.

The global Medical Connectors market was expected to witness the consistent growth over the forecast period due to escalating percentage of hospitals and advanced healthcare facilities across the globe. Moreover, increasing medical technology advancement is also expected to surge the Medical Connectors market. However, Innovative wireless technology is likely to act as a restraint on the growth of Medical Connectors market nearby future. Nonetheless, increasing usage of the medical connectors and advancing medical technology may help to bring Growth Avenue within the forecast period.

On the basis of type, the global market of Medical Connectors is classified into seven types:  Flat Surgical Silicone Cables, Embedded Electronics Connectors, Radio-Frequency Connectors, Disposable Plastic Connectors, Hybrid Circular Connectors and Receptacle System, Power Cords With Retention System, Lighted Hospital-Grade Cords, Magnetic Medical Connectors and Push-Pull Connectors. In terms of revenue, Push-Pull connectors dominate the global Medical Connectors market in 2016. Following the Push-Pull connectors, Hybrid Circular Connectors And Receptacle System hold the second large share of the medical connectors market in 2016.

Based on application, the global markets of medical connectors are classified into three types of diseases: Diagnostic Devices, Therapeutic Devices, and Monitoring Devices. Application by Diagnostic Devices drags a large share of the global medical connectors market in 2016 and is expected to dominate the market over the forecast period. Followed by the Diagnostic devices, the use of medical connectors is also gaining traction in the monitoring devices owing increasing applications of medical connectors in monitoring devices.

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Based on End User, the global markets of medical connectors are classified into three types of diseases: Hospitals and Clinics, Ambulatory Surgical Centers and Diagnostic Centers. Medical connectors have been widely used in the diagnostic centers due to a higher number of application in diagnostic purposes followed by the hospitals and Clinics. In 2016, Diagnostic centers end-user type segment carries a maximum market share of the global medical connectors market and is likely to dominate over the forecast period.

Based on geographies, the world market of Medical Connectors is categorized into five types: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. These geographies are further bifurcated into U.S., U.K., Germany, France, China, Japan, India, and Brazil. In terms of revenue, North America dominates the global medical connectors market in 2016, followed by Europe region. Growth in North America is mainly due to use of advanced medical technology and better reimbursement policies. Europe accounted for approximately more than 28% of the global medical connectors market. Moreover, medical connectors market has a huge opportunity in the emerging markets of Asia Pacific due to increasing use of advanced medical devices in this region. In addition, growing technological awareness amongst the healthcare physicians is also the major factor that promotes the growth of medical connectors market. Emerging economy like Brazil, Mexico is expected to fuel the growth in Latin America region.
Key global market players of medical connectors market include TE Connectivity Ltd., Amphenol Corporation, Delphi Automotive LLP., Esterline Corporation, ITT Corporation, Smith Interconnect (A division of Smith Group PLC), Fischer Connectors, Molex Incorporated, Lemo S.A. and Samtec

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This report segments the global Medical Connectors Market as follows:-

Global Medical Connectors Market: By Connector Type Analysis

  • Flat Surgical Silicone Cables
  • Embedded Electronics Connectors
  • Radio-Frequency Connectors
  • Disposable Plastic Connectors
  • Hybrid Circular Connectors And Receptacle System
  • Power Cords With Retention System
  • Lighted Hospital-Grade Cords
  • Magnetic Medical Connectors
  • Push-Pull Connectors

Global Medical Connectors: By Application Type Segment Analysis

  • Monitoring devices
  • Therapeutic Devices
  • Diagnostic Devices

Global Medical Connectors: By End-User Type Segment Analysis

  • Hospital & Clinics
  • Ambulatory Surgical Centers
  • Diagnostic Centers

Global Medical Connectors Market: Regional Analysis

North America(U.S.); Europe(UK, France, Germany); Asia-Pacific(China, Japan, India); Latin America(Brazil); The Middle East and Africa

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