ALBANY, New York, December 22, 2017 —
As per the report by Transparency Market Research (TMR), the global medical connectors market is anticipated to witness solid growth, registering 8.9% CAGR during 2017-2026. The global medical connectors market is also projected to bring in US$ 3,690.4 million revenue by 2026 end.
Technological advancement in the medical industry is leading towards the rapid development of high-performance medical devices. Increasing need for medical devices is resulting in the growing demand for solutions that provides interconnectivity of these devices. Medical connectors are used as it helps in connecting single as well as multiple devices providing diagnostic analysis and information on person's health. Medical connectors are also gaining popularity with the growing trend of robotic examination. Imaging and monitoring devices generate a lot of data hence these devices are used on a large scale in hospitals and clinics. This is driving the demand for medical connectors.
View Report Preview at https://www.transparencymarketresearch.com/medical-connectors-market.html
Manufacturers are strongly focusing on health and safety standards and improving the product quality of medical connectors and cables. The increasing incidences of chronic diseases are driving the growth in adoption of medical monitoring and examination devices. This is likely to drive the growth of medical connectors market. With new technologies being launched, hospitals are focusing on providing quality treatment to patients at comfort zone. Hence, expansion of medical services to patients at their home including services such as ICU care, post-surgical care, physiotherapy, etc., are resulting in the partnership between medical device suppliers and hospitals. This is expected to provide an opportunity for medical connector manufacturers. Growing demand for electrosurgical therapy is also resulting in the increasing demand for medical connectors to connect medical devices.
The report on the global medical connectors market includes various segments such as application, end user, product type, and region. On the basis of product type, flat silicone surgical cables are expected to witness significant growth in the market during the forecast period 2017-2026.
Request to View Sample of Report – https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=36605
End users are further segmented into ambulatory surgical centers, diagnostic laboratories & imaging centers, hospitals & clinics, and others. Hospitals & clinics are expected to use medical connectors on a large scale than other users.
By application, the market is segmented into therapeutic devices, diagnostic devices, and monitoring devices. Among these, diagnostic devices are expected to witness healthy growth during the forecast period.
Download PDF Brochure of Report: https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=36605
North America to Witness Highest Growth during the forecast period 2017-2026
High spending on the healthcare in the U.S. and Canada is resulting in the growth of advanced medical devices. Innovative technologies and growth in digital solutions such as telehealth are driving the growth of the medical connectors in North America. Increasing use of therapeutic and diagnostic devices is also driving the market growth in the region. Meanwhile, increasing investment in the research and development of new medical devices is likely to drive demand for medical connectors. The trend of paperless healthcare and cloud storage of patient's health records are also leading to the demand for better connectivity. However, increasing focus on wireless healthcare and devices is emerging as one of the biggest challenges for medical connector manufacturers.
Key market players in the global medical connectors market are AVX Corporation, Samtec, Inc., LEMO S.A., Esterline Technologies Corporation, Molex, LLC, Fischer Connectors SA, TE Connectivity Ltd, Smiths Group Plc, ITT Inc., and Amphenol Corporation.
Buy Medical Connectors Market Research Report: https://www.transparencymarketresearch.com/checkout.php?rep_id=36605<ype=S
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company's exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
Transparency Market Research
90 State Street,
Albany NY – 12207
USA – Canada Toll Free: 866-552-3453
Email: [email protected]
SOURCE Transparency Market Research
Latest posts by Brad Bennett (see all)
- Envision Financial Systems Sponsors 2018 BISA Annual Convention - February 20, 2018
- Philanthropic Kid's Clothing Retailer Making Huge Impact This St. Patrick's Day - February 20, 2018
- ScoscheÂ® Signs on as Title Sponsor for the GRRRacing 2018 Season - February 20, 2018