According to the estimates of P&S Intelligence, a market research company based in India, the global medical connectors market will register explosive growth in the coming years. The main factors fueling the progress of the market are the rapid expansion of the medical devices industry, the increasing requirement for miniaturized connectors, the surging population of geriatric people, the soaring demand for surgeries, and the rising incidence of chronic diseases across the world.
Receive Sample Copy of this Report:https://www.psmarketresearch.com/market-analysis/medical-connector-market/report-sample
Because of the increasing complexities associated with various diseases, the players operating in the medical devices industry are increasingly focusing on the development of new devices for treating them. This is, in turn, propelling the expansion of the medical connectors market. As per the International Trade Organization (ITO), Department of Commerce, the U.S. is currently the world’s biggest medical devices market. Furthermore, around 40% of the global medical device market was represented by the country in 2015.
Depending on product, the market is classified into I/O rectangular, radio-frequency, board to board, push-pull, hybrid circular connectors and receptacle systems, disposable plastic, and power/high voltage. Out of these, the board to board connectors category recorded the highest growth in the market during the last few years. This was because the board to board connectors conform to stringent safety standards and norms including those regarding mitigating the occurrence of inadvertent plug disengagement.[H1]
When end user is taken into consideration, the medical connectors market is categorized into diagnostic laboratories & imaging centers, hospitals, and ambulatory surgical centers and clinics. Out of these, the ambulatory surgical centers and clinics category is predicted to register huge revenue growth during the next few years. The factors driving the growth of this category are the rising usage of several medical devices that require connectors and the surging number of ambulatory surgical centers and clinics around the world.
Hence, it is safe to say that the market will record huge growth all over the world in the coming years, primarily because of the rising incidence of chronic diseases, the surging geriatric population, and the increasing occurrence rate of surgeries in various countries around the world.
