Intravenous Line Connectors Market by Mechanism (Positive, Negative, and Neutral), Types (Straight Channel, Y-Channel, T-Channel, and Multi-Channel), Distribution (Hospitals, Clinics, and Ambulatory Surgical Channels), and Regional Analysis (North America, Europe, Asia-Pacific, and LAMEA): Global Opportunity Analysis and Industry Forecast, 2020–2027

Global intravenous line connectors device market has shown a considerable growth in the past few years. Intravenous line connectors are devices attached to catheters and facilitate IV transfusion. Generally, unsafe needle use can result in serious infection and some major complications may arise.

Global Intravenous Line Connectors Devices Market Analysis:

Global intravenous line connectors market is expected to grow at a high CAGR in the forecast period of 2017-2027 due to increasing hospital admissions and increasing infection rate through the use of needle stick infusion. These connectors are designed to deliver intravenous infusion from catheter through a needleless mechanism and decrease the usage of needles for intravenous administration in patients. This type of medication helps in achieving maximum therapeutic effect in less time after infusion

Rising cases of chronic diseases are expected to increase the growth of the global intravenous line connectors market

By using needle stick technique for IV infusion, the risk of infection, both in patient and healthcare professional, increases. This may increase the demand for needle free infusion methods and thus increase the market growth of intravenous line connectors.

According to a report by World Health Organization (WHO), approximately 1 million deaths every year are estimated to occur due to inappropriate use of syringes and needles. These can be reduced by using needle-free intravenous line connectors.

Factors accelerating the growth of the market are increasing hospital admissions, preference of healthcare professionals towards minimal use of needles for infusion, and increasing cases of peripheral and cardiovascular disorders.

Increase in the infection rate due to needle stick restrains the growth of intravenous line connectors market

The needle-free intravenous line connectors market is hindered because of a few factors like complications and risks related with the devices, rigid product approvals, less knowledge about handling the devices, competition within key players, and the increasing concerns about reimbursement policies.

Wrong positioning of the vascular device may result in clotting, infection, and kinking. In some cases, it may also result in admixing of blood from the catheter. Moreover, the COVID situation in 2020 has halted the manufacturing units of intravenous line connectors because of the decreased worldwide raw material supply due to Covid-19 lockdowns.

Increase in the research and developmental activities in the intravenous line connectors market will grow the opportunities for companies

Increasing demand for the intravenous line connectors and large number of end users are urging companies to make use of opportunities in the market. Manufacturers are constantly working on product innovations like introducing premixed solutions for more convenience and to reduce the amount of packaging waste. For instance, ICU Medical's Tego needle-free IV connector is the world's first FDA approved product in hemodialysis applications. Also, Vygon S.A. launched Nutrifit enteral connectors in 201 are used for newborns for safe enteral feeding.

Apart from innovations, company mergers and collaborations are creating big opportunities for manufacturers in the market. They are doing so to make use of the innovative intravenous technologies present in the market and also increasing their own product portfolio to create a strong presence in the market. These factors are expected to propel the market growth during the forecasted period.

Global Intravenous Line Connectors Market, by Type:

Neutral fluid displacement connectors are likely to exhibit growth in the forecast

The global intravenous line connectors market is categorized into three types based on the mechanism. They are positive, negative, and neutral mechanisms. In a survey report of the year 2019, the device with positive mechanism garnered the largest share in the market due to its low cost and it is expected to increase over the forecast period. Positive fluid displacement connectors control blood reflux by pushing out the fluid like glucose, and more from the small reservoir upon disconnection.

Neutral fluid displacement connectors is a fast-growing market as it prevents blood reflux on connection and disconnection of the syringe.

The global intravenous line connectors market is divided on the basis of different design types like straight channel, Y-channel, T-channel, and multi-channel. In 2019, Y-channel segment garnered the largest market share due to its use in drug administration for the treatment of multiple diseases including cancer.

Global Intravenous Line Connectors Market Distribution

Hospital segment is projected to continue its hold in the global intravenous line connectors market

Global intravenous line connectors devices are majorly used in different places like hospitals, clinics, and ambulatory surgical centers. In 2019, the hospital sub-segment reported the largest market share. The high share of the segment is due to the fact that most of the vascular infusion procedures applicable for medication and drug dose was carried out in hospital settings and intravenous line connectors are widely used in such surgeries. The increasing number of hospital admissions due to chronic diseases and large number of old age people in the developed countries.

Regional Insight:

The Asia-Pacific market is estimated to grow substantially owing to the increasing number of diabetic cases in the region

In 2019, North America was reported to capture a major portion of global intravenous line connectors market and it is estimated that it will continue to grow more in the coming forecast period. This domination is due to increasing number of chronic diseases and hospitalizations.

Europe is the second largest market of global intravenous line connectors due to increasing number of diabetic patient.

The Asia-Pacific market is growing at a fast pace due to factors like increasing cases of diabetes, increasing disposable income, and growing awareness among consumers for their self-care systems. The market is anticipated to grow at a fast rate in the forecast period. This is due to the rising demand, improvement in the healthcare sector and the rise in older adult population.

Global Intravenous Line Connectors Market: Key players

The global needle-free intravenous connectors market is highly competitive and well-organized. The key players ruling the market include RyMed Technologies, Baxter International Inc., LLC, Becton, CareFusion Corporation, Nexus Medical LLC, B. Braun Melsungen AG, Dickinson and Company, ICU Medical, Inc., and Vygon S.A.