Needleless IV Access Valves & Accessorie Market Size & Share - Industry Trend and Forecast 2017 - 20

Needleless syringes or connectors are used for protecting health care personnel from needlestick injuries that may occur while connecting multiple intravenous (IV) access syringes, catheters, and/or sets. The use of needleless or needle-free access valves and accessories in different types of syringe systems, catheters, and intravenous access systems has started. Depending on its design and type of usage, these devices are referred to as injection caps, injection ports, end caps, luer-activated devices, or mechanical valves. Presently, different types of needleless intravenous access valves and accessories are available in the market, which differ in terms of appearance and usage characteristics. The external covering of a needleless connector can be transparent, opaque, or colored and the linking surface can possess an angled core or it can be flat or concave.

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Major driving factors for the needleless IV access valves & accessories market are increasing incidence of needlestick injuries among health care workers, rising demand for better and more appropriate needleless systems, and increasing awareness about benefits associated with these devices. According to the Occupational Safety & Health Administration, every year, 384,000 needlestick injuries and other sharps-related injuries are sustained by hospital-based health care personnel. This means an average of around 1,000 sharps-related injuries occur every day in the U.S. hospitals. However, these needleless systems have been associated with increase in complications such as catheter lumen occlusion and catheter-related bloodstream infection (CRBSI), which may restrain the market during the forecast period.

The needleless IV access valves & accessories market has been segmented based on product, end-user, and geography. In terms of product, the needleless IV access valves & accessories market has been divided into access valves and accessories. The access valves segment has been sub-categorized into low-pressure valves, normally closed valves, dual-check valves, and others. Based on end-user, the needleless IV access valves & accessories market has been segmented into hospitals, clinics, ambulatory surgical centers, and others.

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In terms of geography, the global needleless IV access valves & accessories market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America leads the global market, owing to increasing demand for technological advanced products, favorable government initiatives, and rising prevalence of needlestick injuries. According to Occupational Safety & Health Administration, currently 5.6 million workers in the U.S. health care industry are at a risk of occupational exposure to blood-borne pathogens via needlestick injuries or other sharps-related injuries. Europe is the second-largest market for needleless IV access valves & accessories, owing to high demand for advanced needleless technologies and equipment, high awareness about well-established health care systems, and availability of workforce with the required skills or knowledge to use of IV access systems. Increasing adoption of and growing awareness about technologically advanced products, development of infrastructure, increasing health care expenditure, and rising disposable income are some of the factors that are projected to drive the needleless IV access valves & accessories market in Asia Pacific during the forecast period. Countries such as Brazil and Mexico are expected to contribute to growth of the market in Latin America during the forecast period, due to rising disposable income of the people and improving medical infrastructure in these countries.

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Major players operating in the needleless IV access valves & accessories market are B. Braun Melsungen AG, Smiths Medical, Baxter, BD, Pfizer Inc., ICU Medical, Inc., Vygon, Henry Schein, Inc., CODAN Medizinische Geräte GmbH & Co KG, and CAIR LG.

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