Advanced Medical Stopcock Market to Reach US$ 1,167.6 Mn by 2027 – B. Braun Melsungen AG, Smiths Medical, Nipro, Elcam Medical, Merit Medical Systems, Codan USA, Nordson Corporation, Cook, JCM MED, and Utah Medical Products

The global 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.

Global advanced medical stopcock market was segmented by type and end user. The type segment was classified as low-pressure stopcocks, medium-pressure stopcocks and high-pressure stopcocks. Based on end user the market is classified as hospitals & clinics, ambulatory surgery centers, and homecare.

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The market for advanced medical stopcock is expected to grow significantly due to factors such as growing incidence of chronic diseases, rapidly growing number of surgical procedures and growing geriatric population. However, the market is likely to face challenge such as safety concern while using the stopcock, this factor is likely to lower down the use of stopcock in future.. In addition it is likely to experience growth opportunities due to growing numbers of hospitals across the world.

Low-pressure stopcock segment is expected to grow the market for advanced medical stopcock over the forecast period by type segment.

Asia Pacific is the fastest growing geographic market and it is expected to be the fastest revenue contributor throughout the forecast period. Asia Pacific is recognized as a developing market for the medical devices. The growth is driven by the factors such as rising prevalence of the infectious disease across the region. Also the rising initiatives by the government of India and Australia are likely to foster the growth of the market during forecast period.

The major players operating in the advanced medical stopcock market include, B. Braun Melsungen AG, Smiths Medical, Nipro, Elcam Medical, Merit Medical Systems, Codan USA, Nordson Corporation, Cook, JCM MED, and Utah Medical Products Inc. among the others. The market has carried out various organic and inorganic growth strategies in the market which has assisted in strengtheningtheir product offering in the market.

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Posted by on Thursday October 17 2019, 2:59 AM EST. All trademarks acknowledged. Filed under Business Services, Medical Devices. Comments and Trackbacks closed. Follow responses: RSS 2.0

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