Medical Connectors Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Medical Connectors Market Analysis

The medical connector market is projected to register a CAGR of 10.3% during the forecast period.

As the number of COVID-19 patients and hospital admissions surged during the pandemic due to COVID-19 infection, the COVID-19 pandemic significantly expanded the use of healthcare-connected devices. Additionally, diminished production capacity and a slow supply chain impeded market growth in early 2020. According to a press release in February 2020, Amphenol Corp., a provider of connectors, reported that the COVID-19 outbreak in China impacted its business. Amphenol stated that the company does not expect to achieve its first-quarter sales target for 2020. Nevertheless, since the restrictions were lifted, the industry has recovered successfully, and during the projection period, the supply chain has returned to normal.

The major factors contributing to the growth of the medical connectors market are the rising incidence of chronic diseases such as autoimmune diseases, cancer, blood disorders, and others. The rise in the population suffering from chronic diseases is also propelling the demand for these medical connectors. According to GLOBOCAN 2020, there were 19,292,789 new cancer cases worldwide in 2020 and 9,958,133 cancer-related deaths. Among all cancers, breast cancer accounted for 2,261,419 new cancer cases, followed by lung 2,206,771, prostate 1,414,259, and colon 1,148,515 new cases in 2020. Thus, the growing prevalence of chronic diseases is expected to boost the market for medical connectors during the forecast period.

Furthermore, a few key factors play crucial roles in taking the medical connectors market to the next level. These factors include technological advancement and medical connector developments, which are expected to propel the medical connector market growth. For instance, in September 2021, CPC (Colder Products Company), a Dover company that manufactures a wide range of single-use connectors, introduced a new ultra-compact sterile connector that provides biopharmaceutical manufacturers with a much-needed alternative to tube welding for their small-volume closed aseptic processes. MicroCNX Series Connectors are the first aseptic connectors in the market, developed to provide a simple, efficient manner of connecting tubing in small-format assemblies.

Thus, all the above-mentioned factors are expected to boost the market during the forecast period. However, stringent regulatory standards may restrain the market growth during the forecast period.

Medical Connectors Market Trends

This section covers the major market trends shaping the Medical Connectors Market according to our research experts:

Patient Monitoring Segment is Expected to Hold the Large Share in the Market Studied During the Forecast Period

Medical Connectors Industry Segmentation

Medical connectors are the component of devices that connect to other medical devices such as syringes, tubing, and catheters. Every medical device that has its links can also be used on a single patient with several types of medical devices at the same time. In medical facilities, patients may use such devices over their entire lives for long-term care.

The market is segmented by product (flat silicone surgical cables, embedded electronics connectors, radio-frequency connectors, disposable plastic connectors, hybrid circular connectors, and receptacle systems, power cords with retention systems, lighted hospital-grade cords, magnetic medical connectors, and push-pull connectors), application (patient monitoring devices, electrosurgical devices, diagnostic imaging devices, cardiology devices, analyzers and processing equipment, respiratory devices, dental instruments, endoscopy devices, neurology devices, enteral devices, other applications), end user (hospitals, ambulatory surgical centers, and other end users), and geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America). The report also covers the estimated market sizes and trends for 17 countries across significant regions globally. The report offers the value (in USD million) for the above segments.