The global Small Bore Connectors Market is estimated to create an incremental opportunity of US$ 558 Million by the end of 2022. The growing application of small bore connectors in medical fields such as urology, respiratory, and intravascular among others is propelling the demand in the market.
| Attribute | Details |
|---|---|
| Small Bore Connectors Market Estimated Size in 2022 | US$ 558 Million |
| Small Bore Connectors Market Projected Size in 2029 | US$ 747.3 Million |
| Small Bore Connectors Market Historical CAGR (2014 to 2021) | 3.8% |
| Small Bore Connectors Market Value-based CAGR (2022 to 2029) | 4.3% |
The sales in the global small bore connectors market are expected to exceed US$ 747.3 Million by 2029, exhibiting growth at a CAGR of 4.3% during the forecast period 2022 to 2029.
On the basis of product, the liquid bore connector segment is anticipated to register the fastest growth, accounting for more than 61.8% of the overall sales by 2022. North America is projected to emerge as the dominant small bore connectors market from 2022 to 2029.
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| Particulars | Details |
|---|---|
| H1, 2021 | 4.24% |
| H1, 2022 Projected | 4.26% |
| H1, 2022 Outlook | 4.16% |
| BPS Change - H1, 2022 (O) - H1, 2022 (P) | (-) 10 ↓ |
| BPS Change - H1, 2022 (O) - H1, 2021 | (-) 08 ↓ |
The global small bore connectors market is subject to regulatory impositions and procedural adoption rates, with respect to macro and industry advancements. The key developments in the market include the introduction of ultra-compact sterile connectors, as per new industry standards.
The H1-2022 outlook period in comparison to H1-2022 projected period showed negative growth in terms of Basis Point Share by 10 BPS. In H1-2022, the market growth rate of small bore connectors is expected to fall by only 08 basis point share (BPS), as per FMI analysis.
The dip in the BPS values is due to the events of medical misconnections which expose the manufacturers and caregivers to potential liability. Moreover, the demand for patient safety has necessitated the concern for patient safety in lieu of medical misconnections.
However, the development of standardized small bore connectors as per the concerned authorities such as the ISO has paved way for advanced solutions in enteral feeding or neuraxial anesthesia, and the market is expected to present a positive outlook over the forecasted years.
Over the past assessment period, the global small bore connectors market grew at a CAGR of 3.8% between 2014 and 2021. As per FMI, the sales of small bore connectors are estimated to rise by 1.33x from 2022 to 2029.
Small bore connectors are devices used for connecting medical equipment such as syringes, tubing, drips, and others to deliver gases, medicines, and fluids for patient care. Hence, increasing emphasis on the use of high-performance medical devices to enhance patient safety and reduce medical errors is projected to favor the growth in the market.
Also, the increasing prevalence of respiratory disorders such as chronic obstructive pulmonary disease (COPD), asthma, and others is driving the market. According to the World Health Organization (WHO), around 65 million cases of COPD are reported across the world, causing nearly 3 million deaths.
As small-bore connectors are extensively used for providing oxygen and other liquid medicines to patients suffering from these diseases, the increasing burden of respiratory disorders is anticipated to facilitate growth in the market over the forthcoming years.
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Due to the growing negligence on part of healthcare personnel, a significant rise in the incidence of medical errors, patient injury, and misconnections between medical devices has been witnessed, worldwide. Hence, governments and numerous medical regulatory organizations are emphasizing implementing novel standards to reduce the risk of tubing misconnection and enhance patient safety.
For instance, the International Organization for Standardization (ISO) mandated a new set of standards under ISO 80369, outlining general requirements for gases and liquids small bore connectors in healthcare applications including material, testing method, and design for mitigation of risk.
Thus, to comply with new standards, numerous market players are focusing on the development of novel new application-specific connector designs to prevent connections with multiple medical devices for the declining risk of tubing misconnection.
On account of this, the demand in the global small bore connectors market is anticipated to propel at 4.3% CAGR over the forecast period 2022 to 2029.
Rising Number of Surgical Procedures to Augment the Small Bore Connectors Sales
As per FMI, the United Kingdom is projected to register robust growth in the Europe small bore connectors market over the assessment period.
The primary factor favoring the growth in the market is the increasing number of surgical and cosmetics procedures in the United Kingdom According to the Foundation Trust Network, more than 10 million surgical procedures and operations are performed across the United Kingdom every year.
As small-bore connectors are used to provide anesthetics such as morphine through drips or syringes to keep the patient unconscious before the operations, growing surgical procedures in the country are projected to spur the sales of small-bore connectors in the United Kingdom
Implementation of FDA Standards to Accelerate the Sales of Small Bore Connectors
Future Market Insights states that the USA is anticipated to emerge as the most remunerative market for small bore connectors in North America.
With the growing incidence of medical error and tubing misconnection, regulatory healthcare organizations in the country are implementing a number of standards to mitigate risk and enhance patient safety. For instance, the USA Food and Drug Administration (FDA) implemented 510 (K) clearance standards for small bore connectors for enteral feedings such as luer connectors to curb the risk of misconnection of tubes.
Implementation of such standards and regulations is encouraging medical equipment manufacturers to launch novel high-performance devices, which is in turn, facilitating the sales of small bore connectors in the USA market.
Introduction of New Non-standardized Products to Facilitate the Demand for Small Bore Connectors
China's small bore connectors market is expected to account for a significant share in East Asia by the end of 2029, reveals FMI.
Leading players in the country are increasingly focusing on introducing new non-standardized products to decrease risks apropos of wrong route errors during the administration of medicine via enteral and neuraxial routes. This is estimated to favor the growth in the China market.
In addition, increasing government investment in the healthcare sector and the rapidly growing number of cosmetic surgeries in the country, owing to expanding medical tourism is anticipated to further fuel the demand for small bore connectors in the country.
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Increasing adoption for Nutritional Aid in Dysphagia Patients is bolstering the Sales of Small Bore Connectors
In terms of the products segment, the liquid bore connectors segment is estimated to hold the dominant share in the global market, accounting for over 61.8% of the small bore connectors sales by the end of 2022.
The growing adoption of liquid bore connectors in patients with dysphagia to inject medicine or nutrients to the veins, intestines, or stomach, as they are unable to eat or drink by mouth and need supplemental nutrition through other mediums, is facilitating sales across the segment.
Rising Prevalence of Intravascular Diseases to Fuel the Small Bore Connectors Demand
As per a study by FMI, the intravascular segment is projected to exhibit robust growth in the small bore connectors market, accounting for nearly 25% of the value share through 2022.
The growing burden on intravascular diseases such as leukemia, pancreatitis, blood transfusion reaction, and liver disorders across the world is propelling the demand for small-bore connectors to deliver medicines, fluids, and oxygen during patient care. This is the primary factor elevating the growth in the segment.
Growing Small Bore Connectors use in Neuraxial Applications to Favor Market Growth
Based on end users, the global small bore connectors market is segmented into hospitals, clinics, ambulatory surgical centers, home care settings, and others. FMI estimated that the hospital segment will account for the maximum small-bore connector sales in the market during the forecast period.
Increasing use of small bore connectors in neuraxial applications, including regional and epidural anesthesia delivery during operations, surgeries, and other medical procedures is augmenting the growth in the segment. Hence, a growing number of cosmetic surgeries across the counties such as the USA, China, Brazil, and others is expected to bolster the sales of small bore connectors.
Key players operating in the global small bore connectors market are increasingly focusing on research and development (R&D) activities for launching new products that comply with a new set of ISO standards to strengthen their product portfolio. For instance,
| Attribute | Details |
|---|---|
| Forecast Period | 2022 to 2029 |
| Historical Data Available for | 2014 to 2021 |
| Market Analysis | US$ Million for Value |
| Key Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Oceania; Middle East & Africa |
| Key Countries Covered | USA, Canada, Germany, United Kingdom, France, Italy, Spain, Poland, Russia, China, Japan, South Korea, India, Thailand, Malaysia, Vietnam, Indonesia, Australia, New Zealand, GCC Countries, Turkey, Northern Africa, South Africa |
| Key Segments Covered | Product, Application, End User, and Region |
| Key Companies Profiled | Baxter International Inc.; B. Braun Melsungen AG; Becton, Dickinson, and Company; Smiths Medical - Smiths Group Company; ICU Medical, Inc.; Merck KGaA; Merit Medical Systems, Inc.; Nordson Corporation; Elcam Medical; CardioMed Supplies Inc.; Others |
| Report Coverage | Market Forecast, brand share analysis, competition intelligence, Drivers, Restraints, Opportunities and Threats analysis, Market Dynamics and Challenges, Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
The small bore connectors market is expected to surpass a valuation of US$ 558 Million in 2022.
The global small bore connectors market grew at a 3.8% CAGR over the past assessment period of 2014 to 2021.
The small bore connectors market is expected to register steady growth, expanding at 4.3% CAGR between 2022 and 2029.
North America currently leads the global small bore connectors market, exhibiting growth at a robust CAGR over the assessment period.
Europe's small bore connectors market will hold a significant revenue share between 2022 and 2029.
In terms of product, the liquid bore connectors segment is expected to account for maximum sales in the global small bore connectors market through 2029.
1. Executive Summary
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Key Market Trends
4. Global Market Demand (in Value or Size in US$ Million) Analysis 2014 to 2021 and Forecast, 2022 to 2029
4.1. Historical Market Value (US$ Million) Analysis, 2014 to 2021
4.2. Current and Future Market Value (US$ Million) Projections, 2022 to 2029
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market - Pricing Analysis
6. Global Market Demand (Volume in Million Units) Analysis 2014 to 2021 and Forecast, 2022 to 2029
6.1. Historical Market Volume (Million Units) Analysis, 2014 to 2021
6.2. Current and Future Market Volume (Million Units) Projections, 2022 to 2029
6.2.1. Y-o-Y Growth Trend Analysis
7. Market Background
7.1. Macro-Economic Factors
7.1.1. Global GDP Growth Outlook
7.1.2. Global Healthcare Expenditure Outlook
7.1.3. Per-Capita Healthcare Expenditure
7.2. Forecast Factors - Relevance & Impact
7.2.1. Global Healthcare Industry Outlook
7.2.2. New Approved Product Launches
7.2.3. Increasing Prevalence of Chronic Disease
7.2.4. Increased Hospitalization Rate
7.3. Value Chain Analysis
7.4. Market Dynamics
7.4.1. Drivers
7.4.2. Restraints
7.4.3. Opportunity Analysis
8. Global Market Analysis 2014 to 2021 and Forecast 2022 to 2029, by Product Type
8.1. Introduction / Key Findings
8.2. Historical Market Size (US$ Million) Analysis By Product Type, 2014 to 2021
8.3. Current and Future Market Size (US$ Million) & Volume (Million Units) Analysis and Forecast By Product Type, 2022 - 2029
8.3.1. Liquid Bore Connectors
8.3.2. Gas Bore Connectors
8.4. Market Attractiveness Analysis By Product Type
9. Global Market Analysis 2014 to 2021 and Forecast 2022 to 2029, by Application
9.1. Introduction / Key Findings
9.2. Historical Market Size (US$ Million) Analysis By Application, 2014 to 2021
9.3. Current and Future Market Size (US$ Million) Analysis and Forecast By Application, 2022 - 2029
9.3.1. Respiratory
9.3.2. Enteral
9.3.3. Urology
9.3.4. Limb cuff inflation
9.3.5. Neuraxial Anesthesia
9.3.6. Intravascular (Luer)
9.4. Market Attractiveness Analysis By Application
10. Global Market Analysis 2014 to 2021 and Forecast 2022 to 2029, by End User
10.1. Introduction / Key Findings
10.2. Historical Market Size (US$ Million) Analysis By End User, 2014 to 2021
10.3. Current and Future Market Size (US$ Million) Analysis and Forecast By End User, 2022 - 2029
10.3.1. Hospitals
10.3.2. Clinics
10.3.3. Ambulatory Surgical Centers
10.3.4. Home Care Settings
10.3.5. Others
10.4. Market Attractiveness Analysis By End User
11. Global Market Analysis 2014 to 2021 and Forecast 2022 to 2029, by Region
11.1. Introduction
11.2. Historical Market Size (US$ Million) Analysis By Region, 2014 to 2021
11.3. Current Market Size (US$ Million) Analysis and Forecast By Region, 2022 - 2029
11.3.1. North America
11.3.2. Latin America
11.3.3. Europe
11.3.4. East Asia
11.3.5. South Asia
11.3.6. Oceania
11.3.7. Middle East and Africa (MEA)
11.4. Market Attractiveness Analysis By Region
12. North America Market Analysis 2014 to 2021 and Forecast 2022 to 2029
12.1. Introduction
12.2. Historical Market Size (US$ Million) Trend Analysis By Market Taxonomy, 2014 to 2021
12.3. Market Size (US$ Million) Forecast By Market Taxonomy, 2021 to 2028
12.3.1. By Country
12.3.1.1. USA
12.3.1.2. Canada
12.3.2. By Product Type
12.3.3. By Application
12.3.4. By End User
12.4. Market Attractiveness Analysis
12.4.1. By Country
12.4.2. By Product Type
12.4.3. By Application
12.4.4. By End User
12.5. Key Market Participants - Intensity Mapping
12.6. Drivers and Restraints - Impact Analysis
13. Latin America Market Analysis 2014 to 2021 and Forecast 2022 to 2029
13.1. Introduction
13.2. Historical Market Size (US$ Million) Trend Analysis By Market Taxonomy, 2014 to 2021
13.3. Market Size (US$ Million) Forecast By Market Taxonomy, 2021 to 2028
13.3.1. By Country
13.3.1.1. Brazil
13.3.1.2. Mexico
13.3.1.3. Argentina
13.3.1.4. Rest of Latin America
13.3.2. By Product Type
13.3.3. By Application
13.3.4. By End User
13.4. Market Attractiveness Analysis
13.4.1. By Country
13.4.2. By Product Type
13.4.3. By Application
13.4.4. By End User
13.5. Key Market Participants - Intensity Mapping
13.6. Drivers and Restraints - Impact Analysis
14. Europe Market Analysis 2014 to 2021 and Forecast 2022 to 2029
14.1. Introduction
14.2. Historical Market Size (US$ Million) Trend Analysis By Market Taxonomy, 2014 to 2021
14.3. Market Size (US$ Million) Forecast By Market Taxonomy, 2021 to 2028
14.3.1. By Country
14.3.1.1. Germany
14.3.1.2. Italy
14.3.1.3. France
14.3.1.4. United Kingdom
14.3.1.5. Spain
14.3.1.6. BENELUX
14.3.1.7. Russia
14.3.1.8. Rest of Europe
14.3.2. By Product Type
14.3.3. By Application
14.3.4. By End User
14.4. Market Attractiveness Analysis
14.4.1. By Country
14.4.2. By Product Type
14.4.3. By Application
14.4.4. By End User
14.5. Key Market Participants - Intensity Mapping
14.6. Drivers and Restraints - Impact Analysis
15. South Asia Market Analysis 2014 to 2021 and Forecast 2022 to 2029
15.1. Introduction
15.2. Historical Market Size (US$ Million) Trend Analysis By Market Taxonomy, 2014 to 2021
15.3. Market Size (US$ Million) Forecast By Market Taxonomy, 2021 to 2028
15.3.1. By Country
15.3.1.1. India
15.3.1.2. Thailand
15.3.1.3. Indonesia
15.3.1.4. Malaysia
15.3.1.5. Rest of South Asia
15.3.2. By Product Type
15.3.3. By Application
15.3.4. By End User
15.4. Market Attractiveness Analysis
15.4.1. By Country
15.4.2. By Product Type
15.4.3. By Application
15.4.4. By End User
15.5. Key Market Participants - Intensity Mapping
15.6. Drivers and Restraints - Impact Analysis
16. East Asia Market Analysis 2014 to 2021 and Forecast 2022 to 2029
16.1. Introduction
16.2. Historical Market Size (US$ Million) Trend Analysis By Market Taxonomy, 2014 to 2021
16.3. Market Size (US$ Million) Forecast By Market Taxonomy, 2021 to 2028
16.3.1. By Country
16.3.1.1. China
16.3.1.2. Japan
16.3.1.3. South Korea
16.3.2. By Product Type
16.3.3. By Application
16.3.4. By End User
16.4. Market Attractiveness Analysis
16.4.1. By Country
16.4.2. By Product Type
16.4.3. By Application
16.4.4. By End User
16.5. Key Market Participants - Intensity Mapping
16.6. Drivers and Restraints - Impact Analysis
17. Oceania Market Analysis 2014 to 2021 and Forecast 2022 to 2029
17.1. Introduction
17.2. Historical Market Size (US$ Million) Trend Analysis By Market Taxonomy, 2014 to 2021
17.3. Market Size (US$ Million) Forecast By Market Taxonomy, 2021 to 2028
17.3.1. By Country
17.3.1.1. Australia
17.3.1.2. New Zealand
17.3.2. By Product Type
17.3.3. By Application
17.3.4. By End User
17.4. Market Attractiveness Analysis
17.4.1. By Country
17.4.2. By Product Type
17.4.3. By Application
17.4.4. By End User
17.5. Key Market Participants - Intensity Mapping
17.6. Drivers and Restraints - Impact Analysis
18. Middle East and Africa Market Analysis 2014 to 2021 and Forecast 2022 to 2029
18.1. Introduction
18.2. Historical Market Size (US$ Million) Trend Analysis By Market Taxonomy, 2014 to 2021
18.3. Market Size (US$ Million) Forecast By Market Taxonomy, 2021 to 2028
18.3.1. By Country
18.3.1.1. GCC Countries
18.3.1.2. Turkey
18.3.1.3. Northern Africa
18.3.1.4. South Africa
18.3.1.5. Rest of Middle East and Africa
18.3.2. By Product Type
18.3.3. By Application
18.3.4. By End User
18.4. Market Attractiveness Analysis
18.4.1. By Country
18.4.2. By Product Type
18.4.3. By Application
18.4.4. By End User
18.5. Key Market Participants - Intensity Mapping
18.6. Drivers and Restraints - Impact Analysis
19. Emerging Countries Market Analysis 2014 to 2021 and Forecast 2022 to 2029
19.1. Introduction
19.1.1. Global Vs. Country Growth Comparison
19.2. Brazil Market Analysis
19.2.1. Introduction
19.2.2. Market Value Proportion Analysis by Market Taxonomy
19.2.3. Market Value (US$ Million) Analysis and Forecast by Market Taxonomy
19.2.3.1. By Product Type
19.2.3.2. By Application
19.2.3.3. By End User
19.2.4. Brazil Market Attractiveness Analysis
19.3. India Market Analysis
19.3.1. Introduction
19.3.2. Market Value Proportion Analysis by Market Taxonomy
19.3.3. Market Value (US$ Million) Analysis and Forecast by Market Taxonomy
19.3.3.1. By Product Type
19.3.3.2. By Application
19.3.3.3. By End User
19.3.4. India Market - Attractiveness Analysis
19.4. China Market Analysis
19.4.1. Introduction
19.4.2. Market Value Proportion Analysis by Market Taxonomy
19.4.3. Market Value (US$ Million) Analysis and Forecast by Market Taxonomy
19.4.3.1. By Product Type
19.4.3.2. By Application
19.4.3.3. By End User
19.4.4. China Market - Attractiveness Analysis
20. Market Structure Analysis
20.1. Market Analysis by Tier of Companies (Small-Bore Connectors)
20.2. Market Structure Analysis of Top Players
21. Competition Analysis
21.1. Competition Dashboard
21.2. Competition Deep Dive
21.2.1. Baxter International Inc.
21.2.1.1. Overview
21.2.1.2. Product Portfolio
21.2.1.3. Profitability by Market Segments (Product/Channel/Region)
21.2.1.4. Sales Footprint
21.2.1.5. Strategy Overview
21.2.1.5.1. Marketing Strategy
21.2.1.5.2. Product Strategy
21.2.1.5.3. Channel Strategy
21.2.2. B. Braun Melsungen AG
21.2.2.1. Overview
21.2.2.2. Product Portfolio
21.2.2.3. Profitability by Market Segments (Product/Channel/Region)
21.2.2.4. Sales Footprint
21.2.2.5. Strategy Overview
21.2.2.5.1. Marketing Strategy
21.2.2.5.2. Product Strategy
21.2.2.5.3. Channel Strategy
21.2.3. Becton Dickinson and Company
21.2.3.1. Overview
21.2.3.2. Product Portfolio
21.2.3.3. Profitability by Market Segments (Product/Channel/Region)
21.2.3.4. Sales Footprint
21.2.3.5. Strategy Overview
21.2.3.5.1. Marketing Strategy
21.2.3.5.2. Product Strategy
21.2.3.5.3. Channel Strategy
21.2.4. Smiths Medical - Smiths Group Company
21.2.4.1. Overview
21.2.4.2. Product Portfolio
21.2.4.3. Profitability by Market Segments (Product/Channel/Region)
21.2.4.4. Sales Footprint
21.2.4.5. Strategy Overview
21.2.4.5.1. Marketing Strategy
21.2.4.5.2. Product Strategy
21.2.4.5.3. Channel Strategy
21.2.5. ICU Medical Inc
21.2.5.1. Overview
21.2.5.2. Product Portfolio
21.2.5.3. Profitability by Market Segments (Product/Channel/Region)
21.2.5.4. Sales Footprint
21.2.5.5. Strategy Overview
21.2.5.5.1. Marketing Strategy
21.2.5.5.2. Product Strategy
21.2.5.5.3. Channel Strategy
21.2.6. Merck KGaA
21.2.6.1. Overview
21.2.6.2. Product Portfolio
21.2.6.3. Profitability by Market Segments (Product/Channel/Region)
21.2.6.4. Sales Footprint
21.2.6.5. Strategy Overview
21.2.6.5.1. Marketing Strategy
21.2.6.5.2. Product Strategy
21.2.6.5.3. Channel Strategy
21.2.7. Merit Medical Systems, Inc.
21.2.7.1. Overview
21.2.7.2. Product Portfolio
21.2.7.3. Profitability by Market Segments (Product/Channel/Region)
21.2.7.4. Sales Footprint
21.2.7.5. Strategy Overview
21.2.7.5.1. Marketing Strategy
21.2.7.5.2. Product Strategy
21.2.7.5.3. Channel Strategy
21.2.8. Nordson Corporation
21.2.8.1. Overview
21.2.8.2. Product Portfolio
21.2.8.3. Profitability by Market Segments (Product/Channel/Region)
21.2.8.4. Sales Footprint
21.2.8.5. Strategy Overview
21.2.8.5.1. Marketing Strategy
21.2.8.5.2. Product Strategy
21.2.8.5.3. Channel Strategy
21.2.9. Elcam Medical
21.2.9.1. Overview
21.2.9.2. Product Portfolio
21.2.9.3. Profitability by Market Segments (Product/Channel/Region)
21.2.9.4. Sales Footprint
21.2.9.5. Strategy Overview
21.2.9.5.1. Marketing Strategy
21.2.9.5.2. Product Strategy
21.2.9.5.3. Channel Strategy
21.2.10. CardioMed Supplies Inc. (Nipro Corporation)
21.2.10.1. Overview
21.2.10.2. Product Portfolio
21.2.10.3. Profitability by Market Segments (Product/Channel/Region)
21.2.10.4. Sales Footprint
21.2.10.5. Strategy Overview
21.2.10.5.1. Marketing Strategy
21.2.10.5.2. Product Strategy
21.2.10.5.3. Channel Strategy
22. Assumptions and Acronyms Used
23. Research Methodology
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Small Bore Connectors Market
