openPR Logo
Press release

Advanced Medical Stopcock Market Global Industry Analysis by Trends, Size, Share, Company Overview, Growth and Forecast by 2028

05-30-2023 08:59 AM CET | Health & Medicine

Press release from: Premium Market Insights

Advanced Medical Stopcock Market

Advanced Medical Stopcock Market

According to our latest study on "Advanced Medical Stopcock Market" Forecast to 2028 - COVID-19 Impact and Global Analysis - by Type and End User," the advanced medical stopcock market is expected to grow from US$ 941.95 million in 2022 to US$ 1,230.60 million by 2028; it is estimated to grow at a CAGR of 4.6% from 2022 to 2028. The rising number of surgical procedures is fueling the overall advanced medical stopcock market growth.

Get a Sample PDF of report at: https://www.premiummarketinsights.com/sample/TIP00007263?utm_source=OpenPr&utm_medium=10640

The List of Companies -
1. B. Braun SE
2. Smiths Medical Inc
3. Nipro Corp
4. Elcam Medical Group Co
5. Merit Medical Systems Inc
6. CODAN US Corp
7. Nordson Corp
8. Cook Medical LLC
9. JCM MED SaRL
10. Utah Medical Products Inc.

Segmental Overview
Based on type, the advanced medical stopcock market is segmented into low-pressure stopcock, medium-pressure stopcock, and high-pressure stopcock. The low-pressure stopcock held the largest market share in 2022, and it will continue its dominance during the forecasted year. The factor driving the low-pressure stopcock segment is the rising prevalence of chronic health conditions. The low-pressure stopcock are designed to control the flow of a liquid or gas by using an on/off diverter stopcock. The pressure of the low-pressure stopcock is 200 psi. These stopcock are used for accuracy, convenience, and flow control as per the requirement. The low-pressure stopcock are available in one-way, two-way, and three-way configurations.

Based on end user, the market is segmented into hospitals & clinics, ambulatory surgical centers, and homecare. In 2022, the hospitals & clinics segment accounted for the largest market share, and it is expected to register the highest CAGR from 2022 to 2028.

Geographical Overview
North America holds the largest share of the global advanced medical stopcock market, whereas Asia Pacific is the fastest-growing region. The market in North America is expected to grow during the forecast period owing to the rising demand for IV therapy and infusion therapy aided by economic prosperity, which is likely to boost the production of advanced medical stopcock.

Asia Pacific is likely to register the highest CAGR in the global advanced medical stopcock market during the forecast period. The Asia Pacific market is expected to grow due to the increasing prevalence of chronic diseases, the rising geriatric population, and the rising demand for IV therapies. Moreover, expansion and product launch strategies implemented by market players are expected to contribute to the growth of the advanced medical stopcock market in the region in the coming years. Therefore, the region holds huge potential for the advanced medical stopcock market players to grow during the forecast period.

Get Full Report: https://www.premiummarketinsights.com/reports-tip/advanced-medical-stopcock-market

Medical stopcock are used with infusion pumps to administer medications through the catheter to a specific part of the body during or after surgical procedures. Infusion therapy is used when other methods are less effective or when the patient needs medication for the long term. Stopcock are used after surgeries to provide medicines in fluid forms when the patient is under observation. The number of surgical procedures such as cesarean sections is growing globally. According to the latest research by the World Healthcare Organization (WHO), in 2021, the preference for cesarean section continues to rise globally, accounting for more than 21% of all childbirths. It is expected to increase over the coming decade, with approximately 29% of all births to occur by cesarean section by 2030.

Moreover, as per American Heart Association, Heart Disease & Stroke Statistical Update Fact Sheet 2022 (Global Burden of Disease), in 2020, approximately 19.1 million deaths were caused due to cardiovascular disease (CVD). The age-adjusted death rate per 100,000 population was 239.8. Further, the age-adjusted prevalence rate was 7,354.1 per 100,000. Thus, the rising CVD patient population is increasing the number of angiography or angioplasty procedures. These procedures require high-pressure stopcock; as a result, the demand for advanced medical stopcock is increasing. Thus, the surge in surgical procedures is driving the global advanced medical stopcock market.

Market Opportunities of Advanced Medical Stopcock Market
The medical devices industry is growing due to the rising adoption of advanced medical devices such as medical stopcock, growing digitalization of medical devices, increasing emphasis on improving treatment outcomes, growing number of major medical device manufacturers, and rising prevalence of chronic diseases. As per AdvaMed, the US is the largest medical device industry globally; it accounts for more than 40% of the global MedTech industry. Over 6,500 small- and medium-sized enterprises (SMEs) in the US are creating innovative medical products and devices every day. The medical device industry in the US offers highly efficient medical systems that help in early disease diagnosis and effective therapies.

The industry drives the country's economic growth by creating high-paying manufacturing jobs and exporting medical devices to other countries across the globe. However, South & Central America mostly rely on the imports from other nations such the US and Canada. Further, according to MedTech Europe, in 2021, the Europe medical device market accounted for ~27.3% of the world market. It is the second-largest medical device market after the US. Medical technology is helpful in the treatment of many diseases. Moreover, in vitro diagnostics (IVD) is the largest sector in the Europe medical device industry, followed by cardiology and diagnostic imaging. In Asia Pacific, the medical device industry remains a lucrative investment sector.

According to APACMed, the medical device industry in the region is driven by high healthcare costs, an aging demographic, a rise in the prevalence of chronic diseases, and a surge in the population of ever-discerning healthcare consumers. Thus, the healthcare sector in Asia Pacific is likely to achieve unprecedented growth, which will boost the medical device market in the region. Additionally, the medical device market in the Middle East & Africa will remain dependent upon crude oil export growth due to the composition of government revenues and the predominant reliance on oil and gas. Thus, the growth of medical device industry is expected to provide lucrative opportunities for advanced medical stopcock market.

Buy a copy of this research report at @: https://www.premiummarketinsights.com/buy/TIP00007263?utm_source=OpenPr&utm_medium=10640

TABLE OF CONTENTS
1. Introduction
1.1 Scope of the Study
1.2 Research Report Guidance
1.3 Market Segmentation
1.3.1 By Type
1.3.2 By End User
1.3.3 By Geography
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Landscape
4.1 Overview
4.2 PEST Analysis
4.2.1 North America PEST Analysis
4.2.2 Europe PEST Analysis
4.2.3 Asia Pacific PEST Analysis
4.2.4 Middle East and Africa PEST Analysis
4.2.5 South and Central America PEST Analysis
4.3 Experts Opinion
5. Key Market Dynamics
Continued…

Other Reports:
Pharmaceutical Fluid Handling Market Size and Share Insights 2021 Industry Key Players with Growth Status, Revenue Expectations https://www.marketwatch.com/press-release/pharmaceutical-fluid-handling-market-size-and-share-insights-2021-industry-key-players-with-growth-status-revenue-expectations-2023-05-26?mod=search_headline

Pharmaceutical Excipients Market Size, Share and Trends Analysis Report by Type, By Application, And Segment Forecasts to 2028 https://www.marketwatch.com/press-release/pharmaceutical-excipients-market-size-share-and-trends-analysis-report-by-type-by-application-and-segment-forecasts-to-2028-2023-05-26?mod=search_headline

Contact Us:
If you have any queries about this report or if you would like further information, please
Contact Person: Sameer Joshi
Phone: +1-646-491-9876
Email: sales@premiummarketinsights.com

About Us:
Premium Market Insights is a one stop shop of market research reports and solutions to various companies across the globe. We help our clients in their decision support system by helping them choose most relevant and cost-effective research reports and solutions from various publishers.
The market research industry has changed in last decade. As corporate focus has shifted to niche markets and emerging countries, a number of publishers have stepped in to fulfil these information needs. We have experienced and trained staff that helps you navigate different options and lets you choose best research solution at most effective cost.
Premium Market Insights has an extensive coverage of industry reports, company reports and country reports across all industries. In case your research needs are not met by syndicated reports offered by leading publishers, we can help you by offering a customized research solution by liaising with different research agencies saving your valuable time and money.
We provide best in class customer service and our customer support team is always available to help you on your research queries. Our commitment to customer service is best exemplified by free analyst support that we offer to our clients which sets us apart from any other provider. We also offer enterprise subscriptions which provide significant cost savings to our clients.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Advanced Medical Stopcock Market Global Industry Analysis by Trends, Size, Share, Company Overview, Growth and Forecast by 2028 here

News-ID: 3070929 • Views:

More Releases from Premium Market Insights

The Future of HVAC: Trends and Innovations
The Europe HVAC System Market HVAC system market was valued at US$ 50,772.07 million in 2022 and is expected to reach US$ 1,25,024.86 million by 2030; it is estimated to grow at a CAGR of 11.9% from 2022 to 2030. 𝐆𝐫𝐚𝐛 𝐏𝐃𝐅 𝐓𝐨 𝐊𝐧𝐨𝐰 𝐌𝐨𝐫𝐞➜ https://www.businessmarketinsights.com/sample/BMIRE00026922?utm_source=OpenPR&utm_medium=10694 Rise in Demand for Energy-Efficient Solutions Fuel the Europe HVAC System Market Greenhouse gases are the primary sources of global warming and climate change. These gases absorb
Automated External Defibrillators Market New Business Opportunities and Investme …
The Automated External Defibrillators Market is estimated to reach US$ 2,207.94 million in 2030 from US$ 1,556.21 million by 2030; the market is projected to record a CAGR of 4.5% from 2022 to 2030. Some of the key driving factors for the automated external defibrillators market growth are the increasing prevalence of cardiovascular diseases and rising training and awareness programs on automated external defibrillators. However, performance issues related to automated external
Hydrolyzed Collagen Market Types and Applications, Industry Drivers, Future Dema …
The Hydrolyzed Collagen Market was valued at US$ 946.43 million in 2022 and is projected to reach US$ 1,322.60 million by 2028; it is expected to register a CAGR of 5.7% from 2022 to 2028. Various end-use industries are adopting business expansion strategies and scaling production capacity to provide better customer satisfaction. For instance, in July 2020, Rousselot and Giusto Faravelli announced a distribution partnership in Italy, effective from October 2020.
Aroma Ingredients Market Expectations & Growth, Trends Highlighted Until 2028
The Aroma Ingredients Market was valued at US$ 5376.90 million in 2021 and is projected to reach US$ 7692.62 million by 2028; it is expected to grow at a CAGR of 5.2% from 2021 to 2028. Aroma ingredients are basically isolates of naturally sourced ingredients or chemically produced and are used as ingredients to add aromas or fragrance to various cosmetic and personal care products. Based on product type, the global aroma

All 5 Releases


More Releases for Medical

ECG Analysis System Market Research Report 2022 - GE Medical, Medical Econet, Gr …
A recent market research report added to repository of MR Accuracy Reports is an in-depth analysis of global ECG Analysis System. On the basis of historic growth analysis and current scenario of ECG Analysis System place, the report intends to offer actionable insights on global market growth projections. Authenticated data presented in report is based on findings of extensive primary and secondary research. Insights drawn from data serve as excellent
ECG Analysis System Market Outlook: 2020 The Year On A Positive Note | GE Medica …
DataIntelo report titled Global ECG Analysis System Market provides detailed information and overview about the key influential factors required to make well informed business decision. This is a latest report, covering the current COVID-19 impact on the market. The pandemic of Coronavirus (COVID-19) has affected every aspect of life globally. This has brought along several changes in market conditions. The rapidly changing market scenario and initial and future assessment of
Medical Tracheostomy Tube Market Overall Study Report 2020-2027 | Players Medtro …
The latest report added by Stratagem Market Insights gives deep insights into the drivers and restraints in the Worldwide Medical Tracheostomy Tube Market. The research report "Global Medical Tracheostomy Tube Market Size and Growth Forecast to 2027" provide a comprehensive take on the overall market. Analysts have carefully evaluated the milestones achieved by the global Medical Tracheostomy Tube market and the current trends that are likely to shape its future.
Global Embolization Particle Market 2019 - Sirtex Medical, Merit Medical, Cook M …
The global "Embolization Particle Market" report delivers a comprehensive and systematic framework of the Embolization Particle market at a global level that includes all the key aspects related to it. The data is collected from different sources allied to the global Embolization Particle market and the research team meticulously analyze the gathered data with the help of various analytical tools and present their opinion based on analysis and calculations. The
Medical Casting & Splinting Market 2019: Top Key players are 3M, DJO Global, BSN …
Medical Casting & Splinting Market 2019 Report analyses the industry status, size, share, trends, growth opportunity, competition landscape and forecast to 2025. This report also provides data on patterns, improvements, target business sectors, limits and advancements. Furthermore, this research report categorizes the market by companies, region, type and end-use industry. Get Sample Copy of this Report@ https://www.researchreportsworld.com/enquiry/request-sample/13718924 Global Medical Casting & Splinting market 2019 research provides a basic overview of
Global Oxygen Pressure Regulator Market 2017 : Precision Medical, Smiths Medical …
Oxygen Pressure Regulator A market study based on the " Oxygen Pressure Regulator Market " across the globe, recently added to the repository of Market Research, is titled ‘Global Oxygen Pressure Regulator Market 2017’. The research report analyses the historical as well as present performance of the worldwide Oxygen Pressure Regulator industry, and makes predictions on the future status of Oxygen Pressure Regulator market on the basis of this analysis. Get Free