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Small Bore Connectors Market Analysis North America, Europe, Asia, Rest of World (ROW) - US, Germany, Japan, China, UK - Size and Forecast 2024-2028

Small Bore Connectors Market Analysis North America, Europe, Asia, Rest of World (ROW) - US, Germany, Japan, China, UK - Size and Forecast 2024-2028

Published: Jul 2024 137 Pages SKU: IRTNTR72498

Market Overview at a Glance

$144.6 Mn
Market Opportunity
4.49%
CAGR
4.23
YoY growth 2023-2024(%)

Small Bore Connectors Market Size 2024-2028 

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.

What will be the Size of the Market During the Forecast Period?

Small Bore Connectors Market Size

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Market Dynamic and Customer Landscape

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.

Key Market Driver

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.

Significant Market Trends

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.

Major Market Challenge

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

Exclusive Customer Landscape

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.

Small Bore Connectors Market Share by Geography

 Customer Landscape

Key Companies & Market Insights

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.

  • B.Braun SE: The company offers small bore connectors that are used in all medical disciplines where IV therapy is performed for activities such as fluid volume maintenanceand fluid volume replacement, under the brand name of Bbraun.

The market research and growth report also includes detailed analyses of the competitive landscape of the market and information about key companies, including:

  • 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.
  • Smiths Group Plc

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.

Market Segmentation

By Product 

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.

Small Bore Connectors Market Size

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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.

Regional Analysis

Small Bore Connectors Market Share by Geography

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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.

Segment Overview

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.

  • Product Outlook
    • Liquid bore connector
    • Gas bore connector
  • Region Outlook
    • North America
      • The U.S.
      • Canada
    • Europe
      • U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • South America
      • Chile
      • Brazil
      • Argentina
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

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Market Analyst Overview

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.

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What are the Key Data Covered in this Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the market growth and forecasting between 2024 and 2028
  • Precise estimation of the size of the market  and its contribution of the market in focus to the parent market
  • Accurate predictions about upcoming market growth and trends and changes in consumer behavior
  • Growth of the market across North America, Europe, Asia, and Rest of World (ROW)
  • Thorough analysis of the market’s competitive landscape and detailed information about companies
  • Comprehensive analysis of factors that will challenge the growth of market companies

Table of Contents not available.

Research Methodology

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases

DATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts

REPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape

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Frequently Asked Questions

Small Bore Connectors market growth will increase by $ 144.6 mn during 2024-2028.

The Small Bore Connectors market is expected to grow at a CAGR of 4.49% during 2024-2028.

Small Bore Connectors market is segmented by Product( Liquid bore connector, Gas bore connector)

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., Smiths Group Plc are a few of the key vendors in the Small Bore Connectors market.

North America will register the highest growth rate of 40% among the other regions. Therefore, the Small Bore Connectors market in North America is expected to garner significant business opportunities for the vendors during the forecast period.

US, Germany, Japan, China, UK

  • Increased number of surgical proceduresWith the increase in the prevalence of chronic conditions is the driving factor this market.
  • there has been a rise in the number of surgical procedures. Small-bore connectors are used in many surgical procedures such as gynecologic surgeries is the driving factor this market.
  • endoscopic surgeries is the driving factor this market.
  • appendectomy surgeries is the driving factor this market.
  • plastic and reconstructive surgeries is the driving factor this market.
  • orthopedic surgeries is the driving factor this market.
  • and laparoscopic surgeries. There is a surge in the number of surgical procedures in European countries is the driving factor this market.
  • owing to the sedentary lifestyle of many people and their unhealthy eating habits is the driving factor this market.
  • which increase the incidence of chronic diseases such as heart attacks. Robotic-assisted surgeries (RAS) seem to be gaining some acceptance among surgeons and patients in India. Laparoscopic cholecystectomy is the driving factor this market.
  • which is performed for the removal of the gallbladder is the driving factor this market.
  • is widely adopted in Europe. Moreover is the driving factor this market.
  • surgical procedures involve many different types of medical devices is the driving factor this market.
  • which incorporate small-bore connectors. Thus is the driving factor this market.
  • the rise in the number of surgical procedures is expected to drive the growth of the global small bore connectors market during the forecast period. Additionally is the driving factor this market.
  • the growing older population drives market growth. According to the WHO statistics is the driving factor this market.
  • in 2021 is the driving factor this market.
  • the worldwide community of older people is the driving factor this market.
  • who are above 65 years is the driving factor this market.
  • was estimated at 703 million is the driving factor this market.
  • which is an increase of 9.5 million from 1999. According to WHO is the driving factor this market.
  • during 2020-2030 is the driving factor this market.
  • the worldwide older population is projected to reach 973 million. Worldwide life expectancy at birth increased from 64.2 years in 1990 to 72.6 years in 2019 is the driving factor this market.
  • which is expected to increase further to 77.1 years in 2050. The growing number of older adults will increase the demand for healthcare. Moreover is the driving factor this market.
  • the increased prevalence of chronic disorders is the driving factor this market.
  • such as cardiovascular and gynecological disorders is the driving factor this market.
  • among the population has boosted the frequency of small-bore connectors. is the driving factor this market.

The Small Bore Connectors market vendors should focus on grabbing business opportunities from the Liquid bore connector segment as it accounted for the largest market share in the base year.