Sarasota, FL, Sept. 27, 2017 (GLOBE NEWSWIRE) -- 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.
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.
Browse through 23 Market Tables and 38 Figures spread through 110 Pages and in-depth TOC on "Global Medical Connectors Market: By Type, Application, Products, Size, Share, Analysis and Forecast 2016 – 2022”.
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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.
Browse the full " 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" report at https://www.zionmarketresearch.com/market-analysis/medical-connectors-market
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.
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.
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North America holds the largest market share for medical connectors market in terms of the region followed by Europe in 2016. High growth in this region is due to increasing use of advanced medical monitoring, therapeutic and diagnostic devices. The U.S. and Canada are two major players in the medical connectors market that help in driving the growth Medical Connectors market in this region of North America.
Europe medical connectors market is a well-matured market. This growth is motivated by larger spending on research and development of advanced Medical devices. The medical connectors market in major European countries such as Germany, Italy, France, Spain, and, U.K. is mainly boosted from the funding allotted by several governmental and nongovernmental agencies supporting the health care services. Europe accounts for approximately more than 28% of share in terms of revenue of the global medical connectors market due increasing usage of advanced and multiple medical devices.
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Asia-Pacific medical connectors market is expected to get escalated by increasing initiatives in the developing countries such as India, China, and Japan. In addition to that, Asia-Pacific medical connectors market is also likely to get fostered from strengthening economic growth of major Asian countries in future. These regions consider are likely to witness growth in the use of advanced medical devices thereby increasing the usage of medical connectors in the coming years.
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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