Needleless Connector Market Size, Share & Trends Analysis | Global | 2024-2030 | MedCore | Includes: Hospital NLCs and Non-Hospital NLCs

  • Year: 2024
  • Scope: 10 Years
  • Region: Global
  • Type: MedCore

Product Description

Overall, the global needleless connector market was valued at $1.33 billion in 2023, a 5.8% increase from $1.26 billion in 2022. This is expected to increase over the forecast period at a CAGR of 4.5% to reach $1.80 billion. Currently, the global needleless connector market is dominated by Becton Dickinson (BD) and ICU Medical.

Throughout this medical market research, we analyzed over 15 intravenous set companies across 7 continents and used our comprehensive methodology to understand the market sizes, unit sales, company market shares, and to create accurate forecasts. The full report suite on the global market for intravenous sets includes hospital NLCs and non-hospital NLCs.

DATA TYPES INCLUDED

  • Unit SalesAverage Selling PricesMarket Value & Growth Trends
  • Forecasts Until 2030, and Historical Data to 2020
  • Market Drivers & Limiters for Each Segment
  • Competitive Analysis with Market Shares for Each Segment
  • Recent Mergers & Acquisitions
  • COVID19 Impact
  • Disease Overviews and Demographic Information
  • Company Profiles, Product Portfolios and SWOT for Top Competitors

GLOBAL NEEDLELESS CONNECTOR MARKET INSIGHTS global needleless connector market

Over the forecast period, emerging markets are poised to experience the advantages of a gradual transition towards mechanical valve devices. While there are reservations regarding specific configurations of mechanical valve needleless connectors (NLCs), many have demonstrated their ability to improve overall patient outcomes. Despite these devices generally carrying a slight premium compared to split septum products, their growing adoption is anticipated to have a positive impact on the overall market value in the coming years.

GLOBAL NEEDLELESS CONNECTOR MARKET SHARE INSIGHTSglobal needleless connector market

In the year 2023, Becton Dickinson (BD) secured its position as the global leader in the Needleless Connector (NLC) market. Notably, Becton Dickinson also operates as an infusion pump manufacturer, leveraging its ability to bundle NLCs with its devices. The company enjoys a dominant presence in the broader infusion therapy market, which not only enhances its brand recognition but also provides the flexibility to produce and market various disposable products in large quantities at competitive prices.

Claiming the second spot in the global NLC market in 2023 was ICU Medical. Within the mechanical valve segment, ICU Medical offers the Clave™ connector. The Clave™ connector’s design ingeniously incorporates the external blunt cannula into the split septum structure, enabling compatibility with any standard male Luer connector.

Needleless connectors, like many other disposable healthcare products, can be manufactured and sold at relatively low costs. This factor incentivizes smaller companies to enter the market, attempting to offer simpler and more cost-effective products compared to their larger counterparts. Nevertheless, throughout the forecast period, the dominant players in this market are expected to be those capable of bundling NLC products with other infusion therapy devices.

MARKET SEGMENTATION SUMMARY

  • Needleless Connector Market – Segmented By:
    • Care Setting: Hospital, Non-Hospital

Global Research Scope Summary

Report AttributeDetails
RegionsNorth America (Canada, United States)
Latin America (Argentina, Brazil, Chile, Colombia, Mexico, Peru, Venezuela)
Western Europe (Austria, Benelux, France, Germany, Italy, Portugal, Scandinavia, Spain, Switzerland, U.K.)
Central & Eastern Europe (Baltic States, Bulgaria, Croatia, Czech Republic, Greece, Hungary, Kazakhstan, Poland, Romania, Russia, Turkey, Ukraine)
Middle East (Bahrain, Iran, Israel, Kuwait, Oman, Qatar, Saudi Arabia, United Arab Emirates)
Asia Pacific (Australia, Cambodia, China, Hong Kong, India, Indonesia, Japan, Malaysia, Myanmar, New Zealand, Philippines, Singapore, South Korea, Taiwan, Thailand, Vietnam)
Africa (Algeria, Egypt, Ghana, Kenya, Libya, Morocco, Nigeria, South Africa, Sudan, Uganda)
Base Year2023
Forecast2024-2030
Historical Data2020-2023
Quantitative CoverageMarket Size, Market Shares, Market Forecasts, Market Growth Rates, Units Sold, and Average Selling Prices.
Qualitative CoverageCOVID19 Impact, Market Growth Trends, Market Limiters, Competitive Analysis & SWOT for Top Competitors, Mergers & Acquisitions, Company Profiles, Product Portfolios, FDA Recalls, Disruptive Technologies, Disease Overviews.
Data SourcesPrimary Interviews with Industry Leaders, Government Physician Data, Regulatory Data, Hospital Private Data, Import & Export Data, iData Research Internal Database.

 

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Needleless Connector Market
8.1 Executive Summary
8.1.1 Global Needleless Connector Market Overview
8.1.2 Competitive Analysis
8.1.3 Regions Included
8.2 Introduction
8.3 Market Overview
8.3.1 By Segment
8.3.2 By Region
8.4 Market Analysis and Forecast
8.4.1 Total Needleless Connector Market by Care Setting
8.4.2 Hospital Needleless Connector Market
8.4.3 Non-Hospital Needleless Connector Market
8.5 Drivers and Limiters
8.5.1 Market Drivers
8.5.2 Market Limiters
8.6 Competitive Market Share Analysis
Becton Dickinson
ICU Medical
B. Braun
Vygon
Baxter
Terumo
Rymed Technologies
CODAN
Nexus Medical
Others
Chart 8‑1: Needleless Connector Market, Global, 2023 & 2030
Chart 8‑2: Needleless Connector Units Sold, Global, 2023
Chart 8‑3: Needleless Connector Market by Segment, Global, 2020 – 2030
Chart 8‑4: Needleless Connector Market by Region, Global, 2020 – 2030
Chart 8‑5: Leading Competitors, Needleless Connector Market, Global, 2023
Figure 8‑1: Needleless Connector Regions Covered, Global (1 of 2)
Figure 8‑2: Needleless Connector Regions Covered, Global (2 of 2)
Figure 8‑3: Needleless Connector Market by Segment, Global, 2020 – 2030 (US$M)
Figure 8‑4: Needleless Connector Market by Region, Global, 2020 – 2030 (US$M)
Figure 8‑5: Needleless Connector Market by Care Setting, Global, 2020 – 2030
Figure 8‑6: Units Sold by Region, Needleless Connector Market by Care Setting, Global, 2020 – 2030
Figure 8‑7: Average Selling Price by Region, Needleless Connector Market by Care Setting, Global, 2020 – 2030 (US$)
Figure 8‑8: Market Value by Region, Needleless Connector Market by Care Setting, Global, 2020 – 2030 (US$M)
Figure 8‑9: Hospital Needleless Connector Market, Global, 2020 – 2030
Figure 8‑10: Units Sold by Region, Hospital Needleless Connector Market, Global, 2020 – 2030
Figure 8‑11: Average Selling Price by Region, Hospital Needleless Connector Market, Global, 2020 – 2030 (US$)
Figure 8‑12: Market Value by Region, Hospital Needleless Connector Market, Global, 2020 – 2030 (US$M)
Figure 8‑13: Non-Hospital Needleless Connector Market, Global, 2020 – 2030
Figure 8‑14: Units Sold by Region, Non-Hospital Needleless Connector Market, Global, 2020 – 2030
Figure 8‑15: Average Selling Price by Region, Non-Hospital Needleless Connector Market, Global, 2020 – 2030 (US$)
Figure 8‑16: Market Value by Region, Non-Hospital Needleless Connector Market, Global, 2020 – 2030 (US$M)
Figure 8‑17: Leading Competitors, Needleless Connector Market, Global, 2023

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Our reports follow an in-depth 9-step methodology which focuses on the following research systems:

  • Original primary research that consists of the most up-to-date market data
  • Strong foundation of quantitative and qualitative research
  • Focused on the needs and strategic challenges of the industry participants

Step 1: Project Initiation & Team Selection During this preliminary investigation, all staff members involved in the industry discusses the topic in detail.

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Step 3: Preparation for Interviews & Questionnaire Design The core of all iData research reports is primary market research. Interviews with industry insiders represent the single most reliable way to obtain accurate, current data about market conditions, trends, threats and opportunities.

Step 4: Performing Primary Research At this stage, interviews are performed using contacts and information acquired in the secondary research phase.

Step 5: Research Analysis: Establishing Baseline Estimates Following the completion of the primary research phase, the collected information must be synthesized into an accurate view of the market status. The most important question is the current state of the market.

Step 6: Market Forecast and Analysis iData Research uses a proprietary method to combine statistical data and opinions of industry experts to forecast future market values.

Step 7: Identify Strategic Opportunities iData analysts identify in broad terms why some companies are gaining or losing share within a given market segment.

Step 8: Final Review and Market Release An integral part of the iData research methodology is a built-in philosophy of quality control and continuing improvement is integral to the iData philosophy.

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This global market research spans over 70 countries and includes the global markets for pump sets, secondary sets, gravity sets and extension sets.

  • 2024
  • 10 Years
  • Global
  • MedCore
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