Needleless IV connectors involve the intravenous administration of drugs and fluids to protect the central part of the vascular access systems.
SEATTLE, WASHINGTON, USA Jan 5, 2022 /EINPresswire.com/ – Needle-less IV Connectors Market report presents sales and revenue of Needle-less IV Connectors by Company, Regions, Type and Application, and Forecast to ‘in 2028. The report also studies the global market situation, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels, distributors and Porter’s five forces analysis.
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Needleless IV connectors involve the intravenous administration of drugs and fluids to protect the central part of the vascular access systems. These connectors make it possible to reduce the possibilities of contamination linked to IV administration as well as to avoid IV infusions. Technologically developed needleless IV connector products such as connectors that prevent backflow of fluid, connectors with antimicrobial agents, and closed IV systems help reduce the risk of bloodstream infection associated with IV administration . Intraluminal and device cross-contamination could be avoided through the use of needleless connectors with extended residence time.
Market players are focused on developing products that reduce the risks of IV administration with traditional techniques associated with minor issues associated with the use of needleless IV connectors. This in turn is expected to propel the growth of the global needleless IV connectors market during the forecast period. For example, in 2015 and 2016, ICU Medical obtained three US patents for the MicroClave transparent needle-free connector, which ensures minimal blood backflow into the end of the catheter. In addition, RyMed Technologies announced the development of a silver coated connector, InVision-Plus in September 2014. The device is developed to reduce bacterial contamination.
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The major market players are focusing on various strategies such as acquisitions to strengthen their market presence which in turn is expected to drive the growth of the global Needle-less IV Connectors market during the forecast period. For example, ICU Medical completed the acquisition of the Hospira Infusion Systems segment of Pfizer in 2017. Additionally, in 2014, Becton, Dickinson and Company announced the acquisition of CareFusion Corporation, a medical device company that provides prevention of healthcare-related infections.
Moreover, frequent product approvals are also expected to increase the growth of the global Needle-less IV Connectors market during the forecast period. For example, in 2016 CE mark approval was granted to Hospira, which provides infusion technologies and is owned by Pfizer, for its Nuitive Clear Needle-free connector, a new needle-free intravenous IV connector. Additionally, in 2014, the US FDA approved ICU Medical Inc. for the world’s first needle-less connector, the Tego Needle-Free Connector. In 2016, Vygon SA announced the launch of Nutrifit enteral connectors, which are used to ensure safe and secure enteral nutrition.
In addition, other factors such as increasing product development, launches, as well as mergers and acquisitions, increase in chronic disease cases are also expected to fuel the growth of the global Needle-less IV Connectors market during the forecast period. For example, in 2014 B. Braun Medical Inc. entered into a distribution agreement with RyMed Technologies, LLC for the InVision-Plus neutral IV connector.
Baxter International Inc.
B. Braun Melsungen SA
Dickinson and company
Nexus Medical LLC
and Vygon SA
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