About Luer Lock
Luer Lock is a syringe with a threaded locking border, and where the release of the threaded locking is done using a very simple trigger action. Both traditional luer slip and luer lock applications are disconnected using two hands for the operation with the help of fingers in close proximity with critical aseptic parts and sharp objects of medical procedures. The common luer is a simple fits-all solution that has now created significant complications in gradually complex medical environments.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Luer Lock market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Becton Dickinson and Company (BD) (United States), Nipro Corporation (Japan), Baxter International Inc. (United States), B. Braun Melsungen AG (Germany), Terumo Corporation (Japan), Medtronic plc. (United States), Smiths Group plc. (United Kingdom) and Hamilton (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are GPC-Medical (India), Air-Tite Products Co., Inc. (United States) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Luer Lock market by Type (One Piece Luer Lock and Two-Piece Luer Lock/Rotating Collar Luer Lock) and Region.
On the basis of geography, the market of Luer Lock has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End-User, the sub-segment i.e. Hospital will boost the Luer Lock market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material, the sub-segment i.e. Glass will boost the Luer Lock market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Usability, the sub-segment i.e. Disposable will boost the Luer Lock market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technological Advancements Spur Evolution in the Syringes and Growing Need for Further Advancements in Safety Syringes
Market Growth Drivers:
The Significant Prevalence of Infectious Diseases and Increasing Trend towards Plastic Pre Filled Syringes
Challenges:
Rising Focus towards Development of Alternative Drug Delivery Methods
Opportunities:
Developing Healthcare Infrastructure among the Developing Countries
In June 2022, Terumo Pharmaceutical Solutions (TPS), a manufacturer of injection, primary container, and infusion therapy devices, has launched a pre-fillable polymer syringe for low dose applications such as ophthalmic drugs.
Key Target Audience
Manufacturers of Luer Lock, Suppliers of Luer Lock, Wholesalers, Distributors and Retailers of Luer Lock, Healthcare industry, Governmental Bodies and Regulatory Bodies
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.