Press release
Advanced Medical Stopcock Market Technological Advancements, Demand and Future Industry Trends 2028
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.
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.
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Analysis of the Top Market Players:
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.
In this report, the market has been segmented on the basis of:
Type (Low-Pressure Stopcock, Medium-Pressure Stopcock, and High-Pressure Stopcock)
End User (Hospitals & Clinics, Ambulatory Surgical Centers, and Homecare)
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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.
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