Conventional needle based I.V. catheters, administration sets, and syringes are used for intravenous administration of fluids. However, use of needle based IV systems give rise to needlestick injuries to healthcare workers leading increased incidences of blood borne infections. Therefore, needleless connectors were introduced in 1980s to enhance the safety of healthcare workers. As a result, rate of needlestick injuries decreased significantly in later years. However, eventually it was observed that the use of needleless connectors lead to augment the risk of catheter related blood stream infections. Thus, various designs and mechanisms are introduced to resolve the problems associated with needleless connectors and catheter related blood stream infections. Needleless connectors provide convenience to the nursing staff in administering medication and drawing blood from the attached catheter, thus, these products are widely used in healthcare settings such as acute care hospitals where intravenous administration of medication and blood withdrawal is necessary during the course of treatment offered.
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Increasing Cases of Needlestick Injuries Boosts Demand
According to the author of the study, “the global market for acute care needleless connectors is witnessing an incredible rise, thanks to the increasing cases of needlestick injuries and blood drawback, together with an escalating base of the geriatric population.” The increasing number of patients suffering from various chronic disorders, such as diabetes, cardiac diseases, and cancer, is also influencing the sales of acute care needleless connectors, as the awareness regarding the benefits of needleless connectors is increasing substantially among medical professionals and patients, both.
The market is also gaining from the increasing disposable income of people in emerging economies, which has enabled them to spend comfortably on expensive treatments and afford costly medication and medical devices, states the research report.
High Cost of Branded Acute Care Needleless Connectors to Limit Market’s Growth
The worldwide market for acute care needleless connectors, although, looks flourishing, it may hit some roadblocks in future, such as the high cost of branded needleless connectors, resulting in consumers reaching for easily available substitutes. The market may also get hampered by the increasing incidence of bloodstream infections triggered by catheters.
Nonetheless, the market will still prosper in the years to come, thanks to the rising investments made by emerging economies in research and development initiatives. With companies increasingly establishing their production units in emerging countries, the market is likely to witness a high growth in the coming years, reports the market study.