May 2019, Medical Product Outsourcing Company, Qosina (leading global supplier of OEM single-use components to the medical and pharmaceutical industries.) stocks a number of components that comply with the ISO 80369-7 standard, which specifies dimensions and requirements for the design and performance of small-bore connectors intended to be used in intravascular or hypodermic applications. and As a medical component supplier, Qosina stays abreast of regulatory changes and safety standards in the industry and provides customers with solutions to achieve compliance, minimize patient risk and be innovative when designing devices.
The article cited AMA's "Global Medical Connectors Market Study" explored CAGR of 8.2%. According to the report, The Advent of Cloud Storage and Paperless Healthcare in Medical Connector Device is one of the primary growth factors for the market. Growing Healthcare Industry and Technological advancements in Medical Devices
is also expected to contribute significantly to the Medical Connectors market. Overall, Patient Monitoring Device
applications of Medical Connectors, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The End users, such as Hospital & Clinics, is boosting the Medical Connectors market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Connector Size, such as <=10 mm, is boosting the Medical Connectors market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Material, such as Metal, is boosting the Medical Connectors market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
New technologies and major shifts in the industry will be game-changing factors that all players have to react now in order to maintain strong positions in the future. As many industry experts agree that significant changes are ahead. AMAs Analyst on the Global Medical Connectors market identified that the demand is rising in many different parts of the world as "Increasing Investment by the Government & Private Sectors in Healthcare to Improve Health Conditions". Furthermore, some recent industry insights like "In 2023, Fortune Medical launched two new products, one is a silicone gastrostomy tube, and the other is a silicone nasogastric tube that uses ENFit connector. This ENFit connector is based on ISO 80369-3 small-bore connectors for liquids and gases." which is constantly making the industry very dynamic.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Medical Connectors market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2023 currency rates.
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Medical Connectors market and other related sub-markets covered in the study.
o Key & emerging players in the market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Medical Connectors market size is calculated using market estimation process, the Medical Connectors market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Medical Connectors market size has been validated using both top-down and bottom-up approaches.