According to the research report titled ‘Needle-Free IV Connectors Market Share, Size, Trends, Industry Analysis Report, By Mechanism; By Design Type; By Dwell Time, By End User; By Regions; Segment Forecast, 2020 – 2027’, available with Market Study Report, worldwide needle-free IV connectors market is predicted to amass USD 1647.7 million by the year 2027.
 

Factors such as increased geriatric population, and surging hospital admissions, along with rising instances of needle stick injuries among medical practitioners are providing impetus for global needle-free IV connectors market growth. Moreover, preference for advanced & superior devices over conventional systems, and improved awareness about the complications associated with needle-based connectors, such as catheter lumen occlusion and blood stream infections are boosting the demand for needle-free IV connectors (NFS).
 

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Notably, needle-free IV connectors are used with syringes, administration sets, and intravenous catheters to administer medication, or fluid to patients. These devices are so designed to minimize needle stick injuries and avert bacterial contamination. Emphasis on reducing patient hospital stay and subsequently lessen economic burden is impelling the market expansion.
 

As per the statistics by Center for Disease Control & Prevention (CDC), around 8.5 million U.S. citizens were diagnoses with peripheral artery disease (PAD) in 2016, with elderly patients making one-fifth of the total. Hence, increasing prevalence of PAD is also contributing towards the overall needle-free IV connectors industry share.
 

Based on mechanism, the marketplace is arrayed into neutral, negative, and positive. Different design types are multi-channel, Y-channel, T-channel, and straight channel. By dwell time, the industry analysis is divided into more than 7 days, and seven days. Various end-user operating in the market sphere are ambulatory surgical centers, hospitals, and others.
 

Renowned companies which influence the worldwide needle-free IV connectors market dynamics are Vygon S.A., ICU Medical Inc., B. Braun Melsungen AG, RyMed Technologies LLC, Nexus Medical LLCBecton, Dickinson & Company (BD), CareFusion Corporation, and Baxter International Inc.