Port disinfection caps market size was estimated at USD _43.7 million in 2020 and is forecast to reach USD _87.9 million by 2027, growing at a CAGR of _9.6%.
Port disinfection caps are caps that contain alcohol and are usually twisted onto ports for disinfection and protection. Each port disinfection contains seventy percent of isopropyl alcohol which drenches the surfaces of the port and then sanitizes it in under a minute. Companies and organizations in the port disinfection cap market industry are aiming to suggest steps to combat the challenges that the COVID 19 or coronavirus pandemic has caused. Scientists have been researching various methods and alternatives to reduce the impact of the COVID on the growth of the market.
With the growth in the market for port disinfection caps, the primary driving forces in the market is largely influenced by a plethora of factors from the increasing focus on the research and Development innovations by the players in the market, causing a rise in the investments to grow the product’s portfolio, and regulatory policies must be made favorable to see a consistent rise. An increase in cancer cases worldwide also comes with the incidence of stomach ulcers, disturbance in the functioning of the intestine tract, and other physical problems, therefore causing an increased requirement for parenteral nutrition. Additionally, therapies for cancer weaken the human body and causes deficiency of nutrition in the body and thus causing an unintentional weight loss or anorexia. All this expected to cause a rise in the market over the forecast period.
Port Disinfection Cap Market Growth and Analysis
The surging demand for sanitization and disinfecting, as a preventive measure for Covid-19, has led to a change in the dynamics of market spaces. Port disinfection cap being a plastic device twisting onto the threads of an IV connector, makes it effective in prevention of contamination from fluid pathways, thus generating a high demand for it in the healthcare sector. Attaching these caps to a connector compresses a medical-grade foam pad within it which releases isopropyl alcohol onto the connector hub to disinfect it. The cap’s retention seal keeps the connector washed in alcohol as it protects it from contamination by external sources. An IV connector being a device connecting an IV catheter to tubing and functioning in delivering medications and nutrition, incomplete disinfection of connectors might allow bacteria to enter the fluid pathway causing an infection, thus necessitating the use of port disinfection caps. The market has been segmented based on distributors, region, and end-use. In terms of distributors, the market is comprised of retail and non-retail channel segments, where non-retail segment was seen to have led the market in 2019, as a result of hospitals and clinics having collaborated in long-term partnerships with manufacturers. The segment is also anticipated to foster rapid growth in the coming years, as healthcare institutions are looking at strengthening their network to offer quality service to their patients. As per end-use, the market is segmented into hospitals, clinics, and healthcare facilities, where hospitals account for almost half of the industry share, due to rising prevalence of hospital acquired infections in developed as well as developing regions, along with making healthcare infrastructure more robust in recent times.
A restraining factor impeding market growth could be poor quality of the caps, where manufacturers need to ensure that they are of good quality to sustain demand.
Port Disinfection Cap Market Competition
Key companies operating in this market are Becton Dickinson, 3M, ICU Medical, Merit Medical, B. Braun Melsungen AG, WestCon Medical Industries INC, Henry Schein, Excelsior Medical, LLC and Lysol.
• Port Disinfection Cap Market Revenue Estimation and Forecast (2020 – 2027)
• Production Estimation and Forecast (2020 – 2027)
• Sales/Consumption Volume Estimation and Forecast (2020 – 2027)
• Breakdown of Revenue by Segments (2020 – 2027)
• Breakdown of Production by Segments (2020 – 2027)
• Breakdown of Sales Volume by Segments (2020 – 2027)
• Gross Margin and Profitability Analysis of Companies
• Business Trend and Expansion Analysis
• Import and Export Analysis
Port Disinfection Cap Market Segmentation
Product Outlook (Revenue, USD Million, 2020 - 2027)
• Single Cap Type
• Double Caps Type
Application Outlook (Revenue, USD Million, 2020 - 2027)
Country (Revenue, USD Million, 2020 - 2027)
• United States
• South Korea
• Rest of Asia Pacific
• Rest of Europe
• Rest of South America
The Middle East and Africa
• Saudi Arabia
Port Disinfection Cap Market Companies
• Becton Dickinson
• ICU Medical
• Merit Medical
• B. Braun Melsungen AG
• WestCon Medical Industries INC
• Henry Schein
• Excelsior Medical, LLC
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