Market Research Future (MRFR) in its latest medical connector market 2020 reveals factors which are likely to largely impact the market. As per MRFR analysis, the medical connector market can thrive at about 8% CAGR across the review period 2017 to 2023. The medical connector market value can touch over USD 2 Bn by 2023. A complete assessment on the influence of COVID 19 Pandemic on the medical connector market is offered with the report. The increase in the medical connector market size can be attributed to the increase in the application of medical electronics, such as diagnostic, heart-lung machines, Magnetic resonance imaging (MRI), ultrasound, surgical, electrocardiography, defibrillators, and other therapy systems. The rise in the demand for medical connectors is likely to underpin the rise of the medical connector market across the analysis period. The rise in the adoption of ultrasound solutions and constantly growing preference for custom designed can also promote the expansion of the medical connector market through the study period. In addition, and the need to refurbishing medical devices can prompt the expansion of medical connector market through the assessment period. The inclination towards sterilizable, disposable, and reusable medical connectors is another factor that can significantly drive the market growth.
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Esterline Corporation (U.S.), ITT Corporation (U.S.), Smiths Interconnect (U.K.), TE Connectivity Ltd. (Switzerland), Amphenol Corporation (U.S.), Delphi Automotive LLP. (U.K.), Molex (U.S.), Samtec (U.S.), Fisher Connectors (Switzerland), Lemo S.A. (Switzerland), and among others are reputed medical connector dealers across the globe as listed by MRFR.
The segment evaluation of the medical connector global market is done by material and connector size. The material based, the medical connector market segments are metal, and plastic among others. The wide range of application of plastic for the fabrication of medical connector market is expected to spur the expansion of the medical connector market across the analysis period. The connector size based, medical connector market segments are <=10 mm, 11mm -20 mm, and >= 20 mm. The increase in the demand for medical connector of all sizes can boost the expansion of the medical connector market across the review period.
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The regional study of trends of the medical connector market by MRFR is done across APAC, North America, and EU, followed by the Rest of the World. The medical connector market in North America can cause the expansion of the market in the assessment period. The surge in medical connector requirement can cause the escalation of North America market value in the study period. In addition, the high investment made by reputed tech companies to boost medical connector production and launch innovations in medical applications, such as sensors, defibrillators, ECG devices, catheters, dental tools, respirators, electro surgery tools, and others can promote the rise of the regional market. In Europe, the medical connector market can surge at the highest CAGR in the near future. In addition, the presence of robust technical base can boost the expansion of the medical connector market through the analysis period. In APAC region, the gradual rise cases of cancer and other chronic disorders, with the gradual expansion of the geriatric populace can impel the expansion of APAC medical connector market. The increase number of hospitals and their adoption of medical connectors can promote the rise of the market through the analysis period. In addition, the constant R&D activities that are taking place and increase in new drug development can impel the expansion of the market in the assessment period
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