Healthcare Fluid Connectors Market - By Type (Luer Lock Connectors, Push-to-connect Fittings, Threaded Connectors, Needleless Connectors, Quick Connectors), By Application (Diagnostic Imaging, Infusion Therapy), By End-use & Global Forecast 2023 – 2032

Healthcare Fluid Connectors Market Size

Healthcare Fluid Connectors Market value reached around USD 2.5 billion in 2022 and is projected to grow at a CAGR of over 5.6% between 2023 and 2032. The growth of this market is attributed to factors such as the rising prevalence of chronic disorders, the increasing demand for advanced medical devices and technologies, and the increasing healthcare expenditure.
 

For instance, the U.S. Department of Health & Human Services (HHS) had distributed USD 2.80 Trillion among its thirteen sub-components in the fiscal year 2023 among which the Medicare and Medicaid sub-component received the highest funding. Thus, governments are increasing funding to strengthen medical infrastructure and adopt advanced technologies, often relying on intricate fluid connectors for efficient functioning. Moreover, insurance providers are aligning their policies with the evolving healthcare landscape, covering the costs of innovative medical devices and treatments that require these connectors, expanding patient access to advanced care.
 

Healthcare fluid connectors refer to specialized components used to establish a secure and sealed connection between various fluid-carrying components in medical applications. These connectors are designed to ensure the safe and efficient transfer of fluids within the healthcare setting, and are commonly used in medical devices, equipment, and procedures.
 

COVID-19 Impact

The COVID-19 pandemic had a positive impact on the healthcare fluid connectors market. It led to an increased demand for medical devices such as mechanical ventilators and infusion pumps, which relied on fluid connectors to function. For instance, in May 2021, as per the Health Ministry, 1,70,841 COVID-19 patients in India needed ventilators, and 9,02,291 required oxygen support. Additionally, a study published in the Journal of Clinical Microbiology found that patients in intensive care units (ICUs) with COVID-19 required extensive nursing care due to the common need for sedation, mechanical ventilation, and administration of four or more intravenous infusions. This resulted in an increased need for medical fluid connectors to support these devices.
 

Healthcare Fluid Connectors Market Trends

• The rising prevalence of chronic diseases is driving an increased demand for fluid connectors across various aspects of healthcare. For instance, according to the World Health Organization (WHO), by 2050, chronic diseases such as cardiovascular issues, cancer, diabetes, and respiratory conditions are projected to constitute a dominant 86% of the ninety million global deaths annually. This represents a significant 90% increase from the 2019, emphasizing the impending health challenges the world will confront.
   
• Thus, these connectors are crucial for continuous monitoring and management of these chronic conditions, facilitating safe and precise transfer of bodily fluids for real-time data collection.
   
• The development of increasingly sophisticated infusion pumps, advanced diagnostic equipment, and continuous monitoring systems has profoundly transformed patient care while accelerating the growth of the fluid connectors market.
   
• In the age of surging healthcare spending, the medical fluid connectors market stands at the nexus of progress. Investments in infrastructure, advanced tech, and a shared commitment to better care drive this pivotal industry's growth.
   

Healthcare Fluid Connectors Market Analysis

Based on type, the global healthcare fluid connectors industry are classified as luer lock connectors, push-to-connect fittings, threaded connectors, needleless connectors, quick connectors, and other connectors. Luer lock connectors segment held the majority market share of 26.3% in 2022 and is projected to grow at 6% CAGR from 2023 to 2032.
 

• Luer lock connectors are widely used in medical and healthcare applications for secure and leak-resistant connections between medical devices and accessories.
   
• The trend toward home healthcare majorly during COVID-19 pandemic, led to a greater need for medical devices that patients can use safely and effectively at home. Thus, luer lock connectors were commonly used in such devices to ensure the safe and accurate delivery of fluids and medications.
   

Based on application, the global healthcare fluid connectors market are segmented into diagnostic imaging, infusion therapy, and other applications. Diagnostic imaging is further sub-segmented into angiography and other diagnostic imaging. Infusion therapy segment held a major market share of 27.2% in 2022 and is anticipated to record growth in the market over the forecast period.
 

• Increasing prevalence of chronic diseases such as cancer, respiratory conditions, autoimmune conditions, among others is estimated to increase demand of infusion therapy. Infusion therapy allows precise dosing, administration of specialized medications, and maintenance of patient comfort, and well-being. Therefore, to ensure safe and accurate medication demand for fluid connectors is projected to impel during the analysis timeframe.
   
• Additionally, with the rise of home healthcare, patients often require infusion therapy at home. Fluid connectors are used in various devices that allow patients or caregivers to administer treatments such as antibiotics, enteral nutrition, or hydration in a home setting. Thereby, boosting demand for fluid connectors.
   

Based on end-use, the global market are classified as hospitals, home healthcare, clinics, and other end-users. Hospitals segment is predicted to grow with a CAGR at 5.9% during the estimated period to reach USD 2.6 billion in 2032 from USD 1.5 billion in 2022.
 

• Hospitals segment will show momentous growth due to the rising disease prevalence rate coupled with expanding geriatric population pool and the increasing adaptation of unhealthy lifestyle habits.
   
• Increasing use of fluid connectors in diagnostic imaging to ensure the accurate delivery of fluids, contrast agents, and gases contributing to the quality and safety of imaging procedures in hospitals settings offering potential benefits for patients and health-care system will boost the business growth.
   

North America dominated the healthcare fluid connectors market with 41.3% revenue share and is set to witness robust business growth during the forecast period.
 

• This significant regional growth is due to the growing prevalence of cancer and considerable product approval rate from regulatory authorities such as the FDA.
   
• Moreover, demographic shift drives the need for a wide range of medical equipment including devices that rely on fluid connectors to manage chronic conditions associated with aging population base. Thus, growing aging population base in North America is anticipated to increase demand for fluid connectors.
   

Healthcare Fluid Connectors Market Share

Prominent industry players involved in the healthcare fluid connectors industry include Medtronic plc, Becton, Dickinson and Company, Teleflex Medical, B. Braun Melsungen AG, among others. These major industry players implement several strategies to retain a competitive edge in the industry. They focus on strategic collaborations, acquisitions, partnerships, mergers, product launches, etc. to maintain their position in the market and secure the highest market share and outperform the competition.
 

Market players operating in the healthcare fluid connectors industry are as mentioned below:

• Medtronic plc
• Parker Hannifin Corporation
• Becton, Dickinson and Company
• Saint-Gobain
• Nordson Corporation
• Teleflex Medical
• SMC Corporation
•  Qosina
• B. Braun Melsungen AG
• IDEX Corporation
   

Healthcare Fluid Connectors Industry News

• In January 2023, Qosina, introduced the series of AseptiQuik G DC connectors to its widespread line of aseptic genderless connectors. These connectors have single-use connection technology that provide both a sterile disconnection and a sterile connection, even in non-sterile environments. This launch offered competitive edge to the firm.
   
• In April 2018, Saint-Gobain acquired the pharmaceutical business of Micro Hydraulics that offers single-use fluid handling systems and components in high performance plastics. These components are used for extreme purity in the pharmaceutical and biopharmaceutical industries. This has helped company to develop new technological.
   

The global healthcare fluid connectors market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2018 to 2032 for the following segments:

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Market, By Type

• Luer lock connectors
• Push-to-connect fittings
• Threaded connectors
• Needleless connectors
• Quick connectors
• Other connectors

Market, By Application

• Diagnostic imaging
  • Angiography
  • Other diagnostic imaging 
• Infusion therapy
• Other applications

Market, By End-use

• Hospitals
• Home healthcare
• Clinics
• Other end-users

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada 
• Europe
  • Germany
  • UK
  • France
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Rest of Latin America
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East & Africa