Global Small Bore Connectors Market is valued at approximately USD 536.54 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 6.00 % over the forecast period 2022-2028. Small-Bore Connectors are parts used to connect medical equipment that transport fluids and gases to patients, such as tubing, syringes, and other accessories. The term "Small-Bore" refers to the connector's tiny diameter aperture (less than 8.5 millimetres). The increasing focus on research and development (R&D) activities and rising number of surgical procedures has led to the adoption of Small-Bore Connectors across the forecast period. For Instance: In September 2021, Colder Products Company (CPC), a leading provider of medical connecting devices, announced launching its new range of single-use connectors, MicroCNX Series Connectors and According to the Foundation Trust Network, more than 10 million surgical procedures and operations are performed across the U.K. every year. Also, with the growing adoption of liquid bore connectors in patients with dysphagia and increasing prevalence of respiratory disorders, the adoption & demand for Small Bore Connectors is likely to increase the market growth during the forecast period. However, lack of skilled professionals and high cost of products impedes the growth of the market over the forecast period of 2022-2028.
The key regions considered for the Global Small Bore Connectors Market study include Asia Pacific, North America, Europe, Latin America and Rest of the World. Europe is the leading region across the world in terms of market share owing to the increasing number of surgical and cosmetics procedures. Whereas, Asia-Pacific is also anticipated to exhibit the highest growth rate over the forecast period 2022-2028. Factors such as increasingly focusing on introducing new non-standardized products, increasing government investment in the healthcare sector would create lucrative growth prospects for the Small-Bore Connectors Market across Asia-Pacific region.
Major market players included in this report are:
CardioMed Supplies Inc.
Baxter International Inc.
B. Braun Melsungen AG
Becton, Dickinson and Company
Smith's Medical - Smiths Group Company
ICU Medical, Inc.
Merck KGaA
Merit Medical Systems, Inc.
Nordson Corporation
Elcam Medical
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product:
Liquid Bore Connectors
Gas Bore Connectors
By Application:
Respiratory
Enteral
Urology
Limb cuff inflation
Neuraxial Anesthesia
Intravascular (Luer)
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year - 2018, 2019, 2020
Base year - 2021
Forecast period - 2022 to 2028
Target Audience of the Global Small Bore Connectors Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors