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The small bore connectors market size is forecast to increase by USD 144.6 million, at a CAGR of 4.49% between 2023 and 2028. Market growth analysis hinges on several key factors. Firstly, the rising number of surgical procedures plays a pivotal role. As medical technologies advance and healthcare accessibility improves, more surgeries are performed, driving market expansion. Secondly, there is a noticeable uptick in healthcare investments. Governments, private sectors, and philanthropic organizations are increasingly allocating funds to enhance healthcare infrastructure and services, fostering market growth. Lastly, the prevalence of chronic disorders is on the rise. Factors such as aging populations, sedentary lifestyles, and changing dietary habits contribute to the escalation of chronic conditions globally. This trend significantly impacts healthcare demand and expenditure, thereby influencing market dynamics.
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The market encompasses a range of medical connectors used in various medical fields, including urology, respiratory, and intravascular applications. Regulatory impositions and industry advancements drive the market's growth, with a focus on patient safety and preventing tubing misconnections. Ultracompact sterile connectors are gaining popularity in medical settings due to their compact size and improved functionality. In urology, small bore connectors are used for urinary catheterization, while in respiratory applications, they are utilized for delivering oxygen and anesthetics during surgical procedures. Intravascular connectors are used for administering medications, such as morphine, and for enteral feeding in patients with dysphagia. The World Health Organization and ISO set guidelines for the manufacturing and use of small bore connectors to ensure patient safety. The market is segmented into hospitals, clinics, ambulatory surgical centers, and home care settings. The intravascular segment holds a significant market share due to the increasing number of surgical procedures and the use of anesthetics. Industry developments include the introduction of liquid bore connectors for COPD treatment and the Foundation Trust Network's focus on improving patient care through the use of advanced medical equipment. Overall, the market is expected to continue its growth trajectory due to the increasing demand for patient safety and the development of new medical applications.
Increased number of surgical procedures is notably driving market growth. The Small Bore Connectors market is witnessing significant growth due to the increasing number of surgical procedures, particularly in European countries, where the prevalence of chronic conditions is on the rise. These connectors are essential components in various surgical procedures, including gynecologic surgeries, endoscopic surgeries, appendectomy surgeries, plastic and reconstructive surgeries, orthopedic surgeries, and laparoscopic surgeries. The European region is experiencing a surge in surgical procedures due to the high incidence of chronic diseases such as heart attacks, which are often linked to sedentary lifestyles and unhealthy eating habits.
Furthermore, the acceptance of robotic-assisted surgeries (RAS) is increasing in India, with laparoscopic cholecystectomy being a widely adopted procedure in Europe. Smiths Medical and other key players in the market adhere to ISO standards to ensure the quality and safety of their small-bore connectors. This commitment to quality and safety further bolsters the growth of the Small Bore Connectors market. Thus, such factors are driving the growth of the market during the forecast period.
Growing adoption of myocardial infarction (MI) surgeries is the key trend in the market. The Small Bore Connectors market is experiencing significant growth due to the increasing number of minimally invasive (MI) surgical procedures. Chronic conditions, such as osteoarthritis, which are prevalent among adults and the elderly population, have led to an increase in the number of surgical interventions. MI surgeries, including those for fractures caused by osteoarthritis, offer numerous benefits, such as reduced pain and discomfort, lower chances of infection and bleeding, shorter hospital stays, and quicker recovery.
Further, smiths Medical and other leading medical device manufacturers are focusing on adhering to ISO standards to ensure the production of high-quality small bore connectors for use in these procedures. This commitment to quality and innovation is driving the growth of the Small Bore Connectors market. Thus, such trends will shape the growth of the market during the forecast period.
The lack of skilled expertise is the major challenge that affects the growth of the market. The global small bore connectors market is witnessing significant growth due to the increasing demand for minimally invasive surgical procedures and the shortage of skilled healthcare professionals. According to industry reports, the scarcity of experienced surgeons, physicians, and technicians is a major concern in both developed and emerging economies.
For instance, in November 2021, military surgeons in the US faced a decline in the number of surgical procedures performed, leading to a potential loss of skills. This shortage can result in complications and increased risks during surgeries. To ensure patient safety, regulatory bodies such as Smiths Medical and ISO standards have set stringent guidelines for the manufacturing and usage of small bore connectors. Hence, the above factors will impede the growth of the market during the forecast period
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
The market research and growth report also includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The liquid bore connector segment is estimated to witness significant growth during the forecast period. The Small Bore Connectors market encompasses various applications in medical fields, including urology, respiratory, and intravascular segments. Regulatory impositions and industry advancements have significantly impacted the market's growth. Ultracompact sterile connectors have gained popularity in patient safety-critical applications such as enteral feeding, neuraxial anesthesia, and intravascular applications. The World Health Organization emphasizes the importance of preventing tubing misconnections to ensure patient safety. Key players in the market include Colder Products, Cardiovascular, Dickinson, ICU Medical, and others.
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The liquid bore connector segment accounted for USD 312.90 million in 2018. In the urology sector, small bore connectors are used for urethral and urinary applications, while in respiratory applications, they are integral to breathing systems. Intravascular connectors are essential for limb cuff inflation and neuraxial devices. The intravascular segment is expected to witness significant growth due to the increasing prevalence of chronic diseases and surgeries. Hospitals, clinics, and ambulatory surgical centers are the primary end-users of these medical devices and equipment. The development of morphine and anesthetics has further expanded the market's scope in various medical applications. The Department of Health and the Foundation Trust Network have implemented regulatory guidelines to ensure the safety and efficacy of small bore connectors in medical procedures.
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North America is estimated to contribute 40% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The Small Bore Connectors market encompasses various applications in medical fields, including urology and respiratory applications. In urology, these connectors are utilized in urethral and urinary applications, such as urinary catheters and nephrostomy tubes. In respiratory applications, they are essential components of breathing systems for anesthetics and nebulizers. The intravascular segment represents a significant market for small bore connectors due to their use in infusion therapy, neuraxial anesthesia, and administration of medications like morphine. Regulatory impositions and industry advancements continue to shape the Small Bore Connectors market. The World Health Organization and various regulatory bodies emphasize patient safety, particularly in preventing tubing misconnections.
Further, the Foundation Trust Network and Department of Health advocate for the development and implementation of ultracompact sterile connectors in hospitals, clinics, and ambulatory surgical centers. Colder Products Company, ICU Medical, and Dickinson and Company are notable players in the Small Bore Connectors market. They cater to diverse medical applications, including enteral feeding, limb cuff inflation, and intravascular applications. The market for these connectors is driven by the increasing prevalence of chronic diseases and the growing number of surgeries. The Cardiovascular and neurology diseases segments also contribute significantly to the market growth. Food and liquid bore connectors are also gaining popularity due to their applications in dysphagia management.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million " for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
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The market is witnessing significant growth in various medical fields, including urology, respiratory, and intravascular applications. Regulatory impositions and industry advancements are driving the demand for small bore connectors in medical devices and equipment. Ultracompact sterile connectors play a crucial role in patient safety during surgeries, neuraxial anesthesia, enteral feeding, and intravascular segment applications. The World Health Organization emphasizes the importance of preventing tubing misconnections to ensure patient safety. The market for small bore connectors is expanding in hospitals, clinics, and ambulatory surgical centers. In urology, these connectors are used in surgical procedures for urinary applications, such as urethral catheters and urinary drainage systems. Intravascular applications include limb cuff inflation and neuraxial devices. Major players in the Small Bore Connectors market include Colder Products, Cardiovascular, and Dickinson. The market for liquid bore connectors is also growing in the medical industry, particularly in applications like anesthetics, morphine administration, and breathing systems. The development of small bore connectors is essential for addressing the needs of patients with chronic diseases, such as neurology diseases, and the Department of Health's focus on improving healthcare services. The market for small bore connectors is expected to continue its growth trajectory in the coming years.
Market Scope |
|
Report Coverage |
Details |
Page number |
137 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.49% |
Market growth 2024-2028 |
USD 144.6 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
4.23 |
Regional analysis |
North America, Europe, Asia, and Rest of World (ROW) |
Performing market contribution |
North America at 40% |
Key countries |
US, Germany, Japan, China, and UK |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
B.Braun SE, Baxter International Inc., A. Hopf Kunststoffverarbeitung GmbH, Becton Dickinson and Co., CardioMed Supplies Inc., Dover Corp., Eastman Chemical Co., Elcam Medical Group, ICU Medical Inc., Medzus Healthcare Pvt Ltd., Merck KGaA, Merit Medical Systems Inc., Nordson Corp., Qosina Corp., and Smiths Group Plc |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for market forecast period |
Customization purview |
If our markert report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
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