Medical Connectors Market: Growth, Size, Share, and Trends

The study involved major activities in estimating the current market size for the global medical connectors market. Exhaustive secondary research was done to collect information on the medical connectors industry. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain using primary research. Different approaches, such as top-down and bottom-up, were employed to estimate the total market size. After that, the market breakup and data triangulation procedures were used to estimate the market size of the segments and sub-segments of the medical connectors market.

The four steps involved in estimating the market size are:

Secondary Research

The secondary research process involves the widespread use of secondary sources, directories, databases, white papers, annual reports, investor presentations, SEC filings of companies, and publications from government sources [such as the US Food and Drug Administration (US FDA), World Health Organization (WHO), Centers for Disease Control and Prevention (CDC), International Organization for Standardization (ISO), Agency for Healthcare Research and Quality] were referred to identify and collect information for the global medical connectors market study. It was also used to obtain important information about the key players and market classification & segmentation according to industry trends to the bottom-most level and key developments related to market and technology perspectives. A database of the key industry leaders was also prepared using secondary research.

Primary Research

In the primary research process, various supply and demand sources were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include industry experts such as CEOs, vice presidents, marketing and sales directors, technology & innovation directors, and related key executives from various companies and organizations in the medical connectors market. The primary sources from the demand side include hospitals, academic research institutes, and pharmaceutical & biotechnology companies. Primary research was conducted to validate the market segmentation, identify key players, and gather insights on key industry trends & key market dynamics.

The following is a breakdown of the primary respondents:

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

For the global market value, annual revenues were calculated based on the revenue mapping of major product manufacturers and OEMs active in the global medical connectors market. All the major service providers were identified at the global and/or country/regional level. Revenue mapping for the respective business segments/sub-segments was done for the major players. The global medical connectors market was split into various segments and sub-segments based on:

• List of major players operating in the medical connectors market at the regional and/or country level
• Product mapping of medical connector providers at the regional and/or country level
• Mapping of annual revenue generated by listed major players from the medical connectors market (or the nearest reported business unit/product category)
• Extrapolation of the revenue mapping of the listed major players to derive the global market value of the respective segments/subsegments
• Summation of the market value of all segments/subsegments to arrive at the global medical connectors market

The above-mentioned data was consolidated and added with detailed inputs and analysis from MarketsandMarkets and presented in this report.

The research methodology used to estimate the market size includes the following:

Data Triangulation

After arriving at the overall market size by applying the process mentioned above, the total market was split into several segments. To complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments, data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides.