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3. Key Players in the Medical Connectors Market Focus on Strategies Such as Product Launches, Acquisitions, and Expansions

The medical connectors market is consolidated in nature due to the presence of a few large players. The prominent players in the market are Amphenol Corporation (U.S.), Delphi Automotive LLP. (U.K.), Esterline Corporation (U.S.), ITT Corporation (U.S.), Smiths Interconnect (U.K.), TE Connectivity Ltd. (Switzerland), Fisher Connectors (Switzerland), Lemo S.A. (Switzerland), Molex (U.S.), and Samtec (U.S.).

TE Connectivity Ltd. was the largest player in the market in 2015 with its strong product portfolio for medical connectors. The company focuses on acquisitions to strengthen its position in the market. For instance, in February 2015, TE Connectivity acquired Creganna Medical Group (Ireland). This acquisition helped the company to expand its harsh environment connector portfolio. Such acquisitions enabled the company to increase its product portfolio in the market. The company is also focused on expansion activities to increase its global presence. In November 2014, the company opened Wearables Lab in Menlo Park, California. This expansion helped the company to focus on wearable technologies across consumer, medical, industrial, and defense businesses; the lab serves as a collaboration center for TE's team of engineers, scientists, and also the customers throughout the design process.

Amphenol Corporation was the second-largest player in the market in 2015. The company focuses on expansions to strengthen its position in the market. For instance, in July 2016, Amphenol Industrial Operations (AIO), a division of Amphenol Industrial Products Group, opened Amphenol EEC which is centrally located in Illinois, U.S. Such expansions enabled the company to manufacture its product to meet the stringent requirements.

Delphi Automotive LLP was the third-largest player in the market in 2015. The company offers a wide range of medical connectors used in various healthcare applications. The company is focused on growing and improving the profitability of its businesses and has implemented a strategy designed to position Delphi to deliver industry-leading long-term shareholder returns. This strategy includes disciplined investing in its business for growth and enhancing its product offerings. The company strategically focuses on its portfolio to meet consumer preferences. This is also achieved through the acquisition of other players in the market. For instance, in December 2014, the company acquired HellermannTyton Group PLC (U.K.). This acquisition strengthened Delphi’s position in the market.

The key strategies followed by most companies in the market are product launches, expansions, and acquisitions. Product launches and acquisitions accounted for the largest share. Molex (U.S.), TE Connectivity Ltd. (Switzerland), and Delphi Automotive LLP. (U.K.) adopted these strategies.

Related Reports:

Medical Connectors Market by Product (Flat Silicone, Hybrid, Embedded, Radio Frequency, Push-Pull), Application (Patient Monitoring, Electrosurgery, Endoscopy, Diagnostic Imaging, Respiratory, Dental Device) & by End User - Global Forecast to 2021

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