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The small bore connectors market share is expected to increase by USD 147.18 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 4.58%.
This small bore connectors market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers small bore connectors market segmentation by product (liquid bore connector and gas bore connectors) and geography (North America, Europe, Asia, and Rest of World (ROW)). The small bore connectors market report also offers information on several market vendors, including B. Braun Melsungen AG, 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 among others.
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The increased number of surgical procedures is notably driving the small bore connectors market growth, although factors such as lack of skilled expertise may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the small bore connectors industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Small Bore Connectors Market Driver
The increased number of surgical procedures is one of the key drivers supporting the small bore connectors market growth. There is a surge in the number of surgical procedures in European countries, owing to the sedentary lifestyle of many people and their unhealthy eating habits, 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, which is performed for the removal of the gallbladder, is widely adopted in Europe. Moreover, surgical procedures involve many different types of medical devices, which incorporate small-bore connectors. Thus, 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.
Key Small Bore Connectors Market Trend
The growing adoption of myocardial infarction (MI) surgeries is another factor supporting the small bore connectors market growth. For instance, the incidence of osteoarthritis, a chronic orthopedic condition in adults and the elderly population, is increasing globally. Moreover, rapid technological advances in surgical devices and equipment handling have transformed the way surgical procedures, including MI surgeries, are performed. The demand for MI surgeries is increasing because of their benefits, such as less pain and discomfort, low chances of infection and bleeding, and others. MI surgeries include laparoscopic surgeries, thoracoscopic surgeries, and orthopedic surgeries. Small-bore connectors are used in all these surgical procedures with medical devices. The growing adoption of MI surgeries will drive the growth of the global small bore connectors market during the forecast
Key Small Bore Connectors Market Challenge
The lack of skilled expertise is one of the factors hindering the small bore connectors market growth. Clinicians should develop psychomotor skills that need manipulating surgical instruments in an actual three-dimensional operative field. Additionally, a surgeon's anatomic awareness is much needed to safely achieve exposure and identify and control essential structures in the body. Therefore, there is a need for a high number of trained personnel to perform various surgical procedures with high safety and accuracy, which help in finalizing suitable treatment options for increasing the quality of life of people. For instance, the Accreditation Council for Graduate Medical Education has mandated the development of novel methods for the training and maintenance of skills. Thus, the lack of skilled expertise and the need for experienced professionals will hamper surgeries and, in turn, medical devices and small bore connectors market during the forecast period.
This small bore connectors market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the small bore connectors market as a part of the global healthcare supplies market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the small bore connectors market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the small bore connectors market encompasses successful business strategies deployed by the key vendors. The small bore connectors market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The small bore connectors market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the small bore connectors market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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31% of the market's growth will originate from North America during the forecast period. The US is the key market for small-bore connectors market in North America. Market growth in this region will be faster than the growth of the market in ROW.
The increase in the number of M and A activities will facilitate the small bore connectors market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
In early 2020, the outbreak of COVID-19 in the region led to a halt in the operations of units manufacturing healthcare equipment. However, the market is expected to grow positively after the pandemic is brought under control with the advent of COVID-19 vaccines. The outbreak prompted vendors to come up with new business strategies, such as online promotional activities and training for doctors, to raise the demand for surgical instruments. Such factors are expected to raise the market growth during the forecast period.
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The small bore connectors market share growth by the liquid bore connector segment will be significant during the forecast period. Liquid bore connectors convey liquids in a patient-care setting and are used in enteral, respiratory, urinary, blood pressure, neuraxial, and intravenous systems. Patients often have multiple lines connected to them to deliver medicine and nutrients. Numerous devices and systems use the universal luer lock connector, which is a type of small-bore connector. These small-bore connectors are used in medical devices or accessories intended for use with a patient. Such beneficiary attributes of liquid bore connected will drive the segment growth during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the small bore connectors market size and actionable market insights on post COVID-19 impact on each segment.
Small Bore Connectors Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.58% |
Market growth 2022-2026 |
$ 147.18 million |
Market structure |
Fragmented |
YoY growth (%) |
3.85 |
Regional analysis |
North America, Europe, Asia, and Rest of World (ROW) |
Performing market contribution |
North America at 31% |
Key consumer countries |
US, Germany, UK, Japan, and China |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
B. Braun Melsungen AG, 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 the forecast period |
Customization purview |
If our 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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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Product
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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