Europe Needle-free IV Connectors Market Analysis-2027

SEATTLE - Nov. 23, 2020 - PRLog -- Europe Needle-free IV Connectors Market, by Design Type (Straight Channel, T-channel, Y-channel, and Multi-channel), by Mechanism (Positive Fluid Displacement, Negative Fluid Displacement, and Neutral Fluid Displacement), by Dwell Time (Seven Day and Other than Seven Day), and by Country (Germany, U.K., France, Italy, Spain, Russia, Denmark, Sweden, Poland, and Rest of Europe), is estimated to be valued at US$ 246.2 million in 2020 and is expected to exhibit a CAGR of 8.7% during the forecast period (2020-2027),

Key companies are focusing on inorganic strategies such as mergers and acquisitions to strengthen their position in the Europe needle-free IV connectors market. For instance, in 2017 ICU Medical Inc. acquired Hospira Infusion Systems business from Pfizer Inc. Hospira Infusion Systems business include IV pumps, solutions, and devices. The acquisition aided ICU Medical to strengthen its position in the needle-free IV connectors market in Europe.

Europe Needle-free IV Connectors Market – Impact of Coronavirus (COVID-19)

The COVID-19 pandemic has affected Europe needle-free IV connectors market in three main ways; by directly affecting the production and demand; by creating disruptions in distribution channels; and by its financial impact on firms and financial markets.

Moreover, European government are taking initiatives to combat COVID-19 crisis are expected to drive the market growth during the forecast period. Thus due to this government initiatives, European small and large medical device companies can comfortably combat the debt issues faced by companies in COVID-19 pandemic.

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Key Takeaways of the Europe Needle-free IV Connectors Market:

Among mechanism, neutral fluid displacement segment is estimated to hold major market share in 2020 due to factors such as neutral fluid displacement can be used along with power injectors such as CT-scan, and it reduces central line occlusions by 85%

Among dwell time, seven-day segment is estimated to hold major market share in 2020, as key players across the region are focusing on approval of novel needle free IV connectors

Key players operating in the Europe needle-free IV connectors market include Cardinal Health, Inc, Amsino International, Inc, ICU Medical, Inc, Vygon S.A, Baxter International Inc, Becton, Dickinson and Company, B.

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