Home > Healthcare > Medical Devices > Medical Supplies > Healthcare Fluid Connectors Market

Healthcare Fluid Connectors Market Size

Report ID: GMI7433
Published Date: Nov 2023
Report Format: PDF

Download Free Sample

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.

To get key market trends

Download Free Sample

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 Market Report Attributes
Report Attribute	Details
Base Year:	2022
Healthcare Fluid Connectors Market Size in 2022:	USD 2.5 Billion
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	5.6%
2032 Value Projection:	USD 4.3 Billion
Historical Data for:	2018 to 2022
No. of Pages:	225
Tables, Charts & Figures:	349
Segments covered:	Type, Application, End-use & Region
Growth Drivers:	Rising prevalence of chronic disorders The increasing demand for advanced medical devices and technologies Rising healthcare expenditure
Pitfalls & Challenges:	Stringent regulatory scenario Risk factors associated with contamination

Learn more about the key segments shaping this market

Download Free Sample

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.

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

The global market size for healthcare fluid connectors value was USD 2.5 billion in 2022 and is projected to be USD 4.3 billion by 2032 attributed to the rising prevalence of chronic disorders, the increasing demand for advanced medical devices and technologies, and the growing healthcare expenditure.

Infusion therapy segment held a major market share of 27.2% in 2022 and is anticipated to record growth through 2032 owing to the increasing prevalence of chronic diseases such as cancer, respiratory conditions, autoimmune conditions, among others, that increase the demand for infusion therapy.

North America healthcare fluid connectors market revenue share was 41.3% and is set to witness robust growth through 2032 due to the growing prevalence of cancer, along with considerable product approval rate from regulatory authorities such as the FDA.

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