Based on product, the medical connectors market has been categorized into board to board, I/O rectangular, push-pull, radio-frequency, disposable plastic, hybrid circular connectors and receptacle systems, power/high voltage and other connectors. Board to board connectors occupied the largest share in the medical connectors industry throughout the analysis period as they conform to rigorous safety standards, including prevention of inadvertent plug disengagement and increased shock rating and further generated revenue of $725.8 million in 2016.
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These connectors are used in various medical applications such as diagnostic imaging, patient monitoring, cardiology, electrosurgical, dental and other applications. Medical connectors are mostly utilized in diagnostic imaging devices globally since these are used for diagnosing various diseases and are basically the first step before providing any treatment to the patient. Medical connectors used in diagnostic imaging devices generated revenue a $527.8 million in 2016.
Medical connectors are mainly used in hospitals, diagnostic laboratories and imaging centers, ambulatory surgery centers & clinics and in several other set ups. Globally, hospitals were the largest end users of medical connectors market, contributing 38.3% share to the market in 2016. This leading position of hospitals among the various end user is due to the availability of various electronic equipment and devices in hospitals.
Some of the key players operating in the medical connectors industry include Amphenol Corporation, Delphi Automotive PLC, Smiths Group plc, ITT Interconnect Solutions (ITT Corporation), Fischer Connectors SA, LEMO SA, Samtec, Inc., Molex, LLC, and Esterline Technologies Corporation.