Advanced medical stopcock market accounted to US$ 841.3 Mn in 2018 and is expected to grow at a CAGR of 4.1% during the forecast period 2019 - 2027, to account to US$ 1,167.6 Mn by 2027
The chronic diseases such as heart diseases, cancer, chronic lung diseases, stroke, Alzheimer’s disease, diabetes and chronic kidney disease among the others are the leading cause of deaths. The habits such as tobacco use, alcohol consumption, poor nutrition and lack of physical activity among others are the leading factors for the chronic diseases. According to the recent statistics of World Health Organization for the year 2019, chronic diseases contribute approximately 60% of all deaths and 43% of the global burden of disease. It is also expected that by 2020 the incidences of deaths will rise approximately to 73% and the global burden of disease is expected to grow by 60%. Therefore, the significant rise in the incidences of the chronic diseases are likely to increase the demand for the advanced medical stopcock as this is required to treat various conditions.
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Rapidly Growing Number of Surgical Procedures:
Advanced medical stopcocks are used during surgeries or after the surgical procedures. These are used with infusion pumps to send pain medicine through catheter to a specific part of patient’s body. The Infusion pumps provide targeted and consistent medicine to decrease the pain. They are used when other methods are less effective or when the patient needs long-term medicines or fluids. The stopcocks are used after surgeries to provide medicines in the fluid forms when the patient is under observation. For instance, the surgical procedures such as caesarean sections are growing across the world. According to the statistics revealed by the European Union states that in 2016, approximately 1.32 million caesarean sections were performed. The number of the surgeries are rising across the world which is likely to propel the growth of the market during the forecast period.
End User Insights:
The global advanced medical stopcock market by end user segments was led by hospitals & clinics segment. In 2018, the hospitals & clinics held a largest market share of 42.0% of the advanced medical stopcock market, by end user. This segment is also expected to be the fastest growing segments of the market in 2027 owing to increasing number of admission in hospitals due to several health conditions which is becoming the major factor for the growth of the advanced medical stopcock market.
What the report features:-
• Global analysis of Advanced Medical Stopcock market from 2017 – 2027 illustrating the progression of the market.
• Forecast and analysis of Advanced Medical Stopcock market by dosage, route of administration and application from 2017 – 2027.
• Forecast and analysis of Advanced Medical
Stopcock market in five major regions, namely; north america, europe, asia-pacific (apac), middle east and africa (mea) and south & central america.
This market research report administers a broad view of the Advanced Medical Stopcock market on a global basis, presenting a forecast and statistics in terms of revenue during the forecast period. It covers an illustrative study with detailed segmentation, complete research and development history, latest news and press releases. Additionally, it demonstrates the future aspects and portrays a sketch of the key players involved in the Advanced Medical Stopcock market’s growth in terms of revenue.
The report contains imperative and pivotal details affecting the developments and growth of the market and also talks about the restricting factors that may restrain the Advanced Medical Stopcock market growth during the forecast period.
Segmentations of the market are examined specifically to provide knowledge for supplementary market investments. Segmentation of the market on the basis of dosage, route of administration and application are elucidated in details portraying a descriptive structure of the market trends and restrictions affecting the Advanced Medical Stopcock market through the segments and sub-segments.
Reasons to buy the report:
• Learn about the driving factors, affecting the market growth.
• Imbibe the advancements and progress in the market during the forecast period.
• Understand where the market opportunities lies.
• Compare and evaluate various options affecting the market.
• Pick up on the leading market players within the market.
• Envision the restrictions and restrains that are likely to hamper the market.
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Organic and inorganic growth strategies were observed among which organic strategy was the most adopted strategy in global advanced medical stopcock industry. For instance, in December, 2018, Merit Medical Systems, Inc. announced acquisition of Vascular Insights, LLC, Merit acquired assets such as ClariVeinIC and ClariVeinOC specialty infusion and occlusion catheter systems. Thus, the acquisitions of the smaller companies are assisting in strengthening their portfolio and business.
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