Medical Connectors Market Towering at a Great Speed to Reach USD 2878.5 Million by 2022

Major global market players in the medical connectors market comprise Amphenol Corporation, TE Connectivity Ltd., Esterline Corporation, Delphi Automotive LLP., Smith Interconnect, ITT Corporation, Molex Incorporated, Fischer Connectors, Samtec, and Lemo S.A. These players are set to drive the growth of the global medical connectors market. The global medical connectors market added up for USD 1901.3 Million in 2016 and is likely to cross USD 2878.5 Million by 2022, developing at a CAGR of almost 7.2 percent from 2017 to 2022. The global medical connectors market was likely to see the consistent development in the years to come due to rising percentage of advanced healthcare facilities and hospitals all over the world. In addition to this, rising medical technology enhancements is also likely to drive the medical connectors market. On the other hand, innovative wireless tech is expected to act as a hindering factor for the development of medical connectors market in the near future.

Nevertheless, advancing medical technology and rising employment of the medical connectors might assist to bring growth avenue for medical connectors market. For example, in September 2018, Fischer Connectors (for its medical-grade connectors) used chrome-plated brass housings since the material withstands repeated sterilization, boosting the medical connectors market. On the basis of type, the global medical connectors market is divided into 7 types such as embedded electronics connectors, flat surgical silicone cables, disposable plastic connectors, radio-frequency connectors, power cords with retention system, hybrid circular connectors and receptacle system, magnetic medical connectors and push-pull connectors, lighted hospital-grade cords. In terms of income, push-pull connectors ruled the global medical connectors market in 2016. Hybrid circular connectors and receptacle system grabbed the 2nd biggest share in 2016 of the medical connectors market.

On the basis of application, the global medical connectors markets are bifurcated into 3 types of devices such as therapeutic devices, diagnostic devices, and monitoring devices. Diagnostic devices segment dragged a huge share of the global medical connectors market in 2016 and is likely to rule the medical connectors market in the near future. Based on regions, the medical connectors market is classified into 5 types such as Europe, North America, Latin America, Asia Pacific, and the Middle East and Africa. These areas are further divided into the U.K., the US, France, Germany, Japan, China, Brazil, and India. In terms of income, North America ruled the global medical connectors market in 2016, chased by Europe. – Zion Market Research