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, global needle-free IV connectors (NFC) market is estimated to reach a valuation of USD 1,647.7 million by the year 2027.
 

Increasing hospitalization, growing population and rising instances of injuries associated with needle stick among healthcare professionals are key factors driving the growth of global needle-free IV connectors market.
 

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Citing an instance, the CDC (Center of Disease Control & Prevention) claims that around 8.5 million people in the United States suffer from PAD (peripheral artery disease), among with over 20% of these patients are more than 60 years of age. Thus, increased pervasiveness of PAD owing to lack of disease awareness, particularly in Asia-Pacific, are aiding the overall industry expansion. 
 

For those uninitiated, NFC (needle-free IV connectors) are compact devices which are utilized in IV (intra-venous) syringes, catheters, and administration sets. The product is a primarily medical supply found across various healthcare facilities in order to monitor medication, drug or fluid levels in vascular systems.
 

Needle-free IV connectors help in reducing bacterial contamination and needle stick injuries, which further enhances the patient outcome, which in turn is stimulating the industry outlook. However, complications associated with the product including blood stream infections as well as catheter lumen occlusion may act as restraining factors to the expansion of global needle-free IV connectors industry.
 

Global needle-free IV connectors market is segmented on the basis of mechanism type, design type, dwell time and end-user scope. Speaking of mechanism type, the market is further divided into neutral, negative and positive segments.
 

In terms of design type, worldwide needle-free IV connectors industry is classified into multi-channel, Y-channel, T-channel, and straight channel. As per dwell type, the market is categorized into more than 7 days and seven days. The end-user landscape of the overall market consists of ambulatory surgical centers, hospitals and others.
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Vygon S.A., ICU Medical Inc., RyMed Technologies Inc., Nexus Medical LLC, Becton, Dickinson and Co., CareFusion Corporation, B. Braun Melsungen AG, and Baxter International Inc. are the key participants in global needle-free IV connectors industry.