Surge in Number of Surgical Procedures Drives North America Advanced Medical Stopcock Market Growth
Medical stopcocks are used with infusion pumps to administer medications through the catheter to a specific body part during or after surgical procedures. Infusion therapy is used when other methods are less effective or when the patient needs medication for a long term. Stopcocks are used after surgeries to provide medicines in fluid forms when the patient is under observation. Stopcock use will increase in the coming decade, as ~29% of all births are expected to occur by cesarean section by 2030.
Furthermore, as per American Heart Association, Heart Disease & Stroke Statistical Update Fact Sheet 2022 (Global Burden of Disease), in 2020, ~ 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 stopcocks; as a result, the demand for advanced medical stopcocks is increasing. Thus, the surge in surgical procedures is driving the North America advanced medical stopcock market growth.
North America Advanced Medical Stopcock Market Overview
The North America advanced medical stopcock market is segmented into the US, Canada, and Mexico. The US held the largest market share in 2021. In North America, the rising demand for IV therapy and infusion therapy aided by economic prosperity has boosted the production of advanced medical stopcocks.
North America Advanced Medical Stopcock Market Revenue and Forecast to 2028 (US$ Million)
North America Advanced Medical Stopcock Market Segmentation
The North America advanced medical stopcock market is segmented on the basis of type, end user, and country. Based on type, the market is segmented into low-pressure stopcock, medium-pressure stopcock, and high-pressure stopcock. The low-pressure stopcock segment held the largest market share in 2022.
Based on end user, the North America advanced medical stopcock market is segmented into hospitals & clinics, ambulatory surgical centers, and homecare. The hospitals & clinics segment held the largest market share in 2022.
Based on country, the North America advanced medical stopcock market is segmented into the US, Canada, and Mexico. The US dominated the North America advanced medical stopcock market share in 2022.
B. Braun SE, Smiths Medical Inc, Nipro Corp, Elcam Medical Group Co., Merit Medical Systems Inc., CODAN US CORP, Nordson Corp, Cook Medical LLC, and Utah Medical Products Inc. are among the leading companies operating in the North America advanced medical stopcock market.
| Report Attribute | Details |
|---|---|
| Market size in 2022 | US$ 350.22 Million |
| Market Size by 2028 | US$ 464.43 Million |
| CAGR (2022 - 2028) | 4.8% |
| Historical Data | 2020-2021 |
| Forecast period | 2023-2028 |
| Segments Covered |
By Type
|
|
Regions and Countries Covered
|
|
| North America | US, Canada, Mexico |
| Market leaders and key company profiles |
|
The North America Advanced Medical Stopcock Market is valued at US$ 350.22 Million in 2022, it is projected to reach US$ 464.43 Million by 2028.
As per our report North America Advanced Medical Stopcock Market, the market size is valued at US$ 350.22 Million in 2022, projecting it to reach US$ 464.43 Million by 2028. This translates to a CAGR of approximately 4.8% during the forecast period.
The North America Advanced Medical Stopcock Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America Advanced Medical Stopcock Market report:
The North America Advanced Medical Stopcock Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Advanced Medical Stopcock Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Advanced Medical Stopcock Market value chain can benefit from the information contained in a comprehensive market report.
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