Global Luer Lock Connector Market to Reach USD 2,361.4 Million by 2034, Driven by Technological Advancements and Healthcare Investments | FMI

As per Future Market Insights (FMI)’ latest industry analysis, the global luer lock connector market was valued at around USD 1,713.8 million in 2023. The market is anticipated to exhibit moderate growth with a CAGR of 3.3% over the forecast period. Furthermore, the market value is projected to increase from USD 1,769.0 million in 2024 to USD 2,361.4 million by 2034.

Luer lock connectors are vital parts of medical devices used in minimally invasive procedures like intravenous therapy and drug delivery systems. Their compatibility fuels innovation in new medical devices and market growth worldwide.

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Luer lock connectors are vital for preventing contamination and fluid leaks, enhancing patient safety, and reducing healthcare-related infections. The luer lock connector market is further growing due to rising investments in emerging regions and changes in healthcare infrastructure.

The integration of luer IV connectors into electronic medical records (EMRs), pumps, and other medical devices is made possible by advances in connection technology. These innovations are being widely embraced by healthcare professionals in both developed and developing countries, contributing to the growth of the luer lock connector market.

Key Takeaways from the Market Study:

• The global luer lock connector market is estimated to grow at a CAGR of 3.3% by 2034.
• The United States is set to rise at a CAGR of 2.1% by 2034.
• By 2034, India is projected to surge at a CAGR of 5.8%.
• Based on the configuration, the Y-channel segment is set to grow at 3.4% CAGR by 2034.
• By fluid displacement, the positive displacement segment is projected to rise at a CAGR of 3.8% by 2034.

“Smart luer lock connectors with sensors or RFID/NFC tags are gaining popularity in healthcare for remote monitoring of drug delivery, infusion rates, and patient compliance. Specialized connectors for oncology, anesthesia, and newborn care are also gaining traction due to specific clinical requirements and niche markets, offering various sizes, shapes, and material compositions.” –says a Future Market Insights (FMI) lead analyst.

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Competitive Landscape:

To introduce new products, key companies in the market are placing a greater emphasis on research and development initiatives. Leading manufacturers are concentrating on executing certain strategic initiatives, such as mergers and acquisitions, business development, and new product introductions.

For instance,

• In December 2023, B. Braun Medical Inc. launched CARESITE Micro Luer Access Device and Extension Sets to inflate their product portfolio.
• In Sept. 2023, Progressive Medical, Inc., a prominent distributor of specialized medical products, collaborated with Asset Medical to introduce various infusion therapy products with diverse options and advanced features.

Key Companies Profiled:

• VYGON
• ICU Medical
• BD
• Baxter
• B. Braun SE
• CODAN Companies
• NP Medical
• ASSET MEDICAL
• AdvaCare Pharma
• IndoSurgicals Private Limited.
• Lepu Medical Technology (Beijing) Co., Ltd.
• Amsino International, Inc.
• JCM MED
• LILY MEDICAL CORPORATION
• BAIHE MEDICAL EUROPE
• Nexus Medical
• Hangzhou Fushan Medical Appliances Co., LTD.

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Key Market Segments:

By Configurations:

• Straight Channel
• T-Channel
• Y-Channel
• Others

By Fluid Displacement:

• Positive Displacement
• Negative Displacement
• Neutral Displacement

By Luer Connector Type:

• Male
• Female

By End-user:

• Hospitals
• Ambulatory Surgical Centers
• Clinics
• Maternity Centers
• Long Term Care Facilities
• Home Healthcare Settings
• Emergency Service Providers
• Blood Banks
• Others

By Region:

• North America
• Latin America
• East Asia
• South Asia and Pacific
• Western Europe
• Eastern Europe
• Middle East and Africa

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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