Increasing Number of Hospitals Helping Medical Connectors Market Grow

ASPEN, Colo. - Sept. 28, 2021 - PRLog -- The market is being driven by the surging population of geriatric people, rising incidence of chronic diseases such as kidney diseases, arthritis, cardiovascular disease, and cancer, the burgeoning requirement for miniaturized connectors, and the increasing requirement for surgeries all over the world.

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As per the Centers for Disease Control and Prevention (CDC), out of the top 10 causes of death in 2014, seven were chronic diseases. Moreover, the medical devices industry players are increasingly focusing on manufacturing new devices for treating chronic diseases. As per the International Trade Organization (ITO), Department of Commerce, the U.S. remains the world's largest buyer of medical devices, accounting for around 40% of the worldwide medical device sales in 2015.

This is further boosting the market growth. Apart from these, the emergence of new sales markets in the developing countries is creating lucrative growth opportunities for the market players. Countries such as India and China will witness huge sales of medical connectors in the coming years, because of their soaring healthcare spending and the presence of a surging ageing population. As per the World Bank, Brazil's healthcare expenditure was 8.3% of its $2.5 trillion gross domestic product (GDP) in 2014.

This was because these connectors conformed to the stringent safety standards, including those enacted for preventing increased shock rating and inadvertent plug disengagement. When application is taken into consideration, the medical connectors market is divided into diagnostic imaging, cardiology, patient monitoring, dental, and electrosurgical categories. Out of these, the diagnostic imaging category recorded huge expansion in the past years, due to the fact that medical connectors were extensively used in diagnostic imaging devices for diagnosing several diseases.

Hence, it can be said without any hesitation that the market will boom in the coming years, due to the growing incidence of chronic diseases, surging population of ageing people, increasing healthcare spending of several countries, and the surging demand for miniaturized connectors around the world.