DUBLIN--(BUSINESS WIRE)--The "North America Advanced Medical Stopcock Market to 2027- Regional Analysis and Forecasts by Type, and End User and Geography" report has been added to ResearchAndMarkets.com's offering.
The North America advanced medical stopcock market is expected to reach US$ 451.3 Mn in 2027 from US$ 318.1 Mn in 2018. The market is estimated to grow with a CAGR of 4.1% from 2019-2027.
The growth of the advanced medical stopcock market is primarily attributed due to the increasing geriatric population, and increasing number of cosmetic surgeries across the region. However the market is also likely to experience growth opportunities due to the rising numbers of hospitals across the region.
The North American region is likely to experiencing the growth in the advanced medical stopcock due to rising geriatric population. For instance, US is likely to experience the demographic change in coming days, according to the National Population Projections it is estimated that by 2030 all the baby boomers will be above 65 years. It is stated that approximately 78 million people will be 65 years and older compared to nearly 76.7 million people under the age of 18 years. The dramatic change is expected due to the racially and ethnically diversity across the country. In addition, the country is also experiencing increasing immigration in the country which is also an additional factor to the growth of aging population. Thus, owing to the above mentioned factors the market is likely to experience growth during the forecast period.
In 2018, the low-pressure stopcocks segment held a largest market share of 55.7% of the advanced medical stopcock market, by type. The low-pressure stopcocks segment is expected to dominate its market share in 2027 owing to the advantages such as single use device, reduces number of risks and easily available. The low-pressure stopcocks segment is also anticipated to witness the fastest growth rate of 4.5% during the forecast period, 2019 to 2027 owing to maintaining the volume of medicine and other liquid in precise and accurate volume.
Similarly, in 2018 hospitals & clinics held the largest share by end user. It held approximately 42.3% of the advanced medical stopcock market. The segment is also expected to hold the largest share in the forecast period owing to the increasing number of admission in hospitals due to several health conditions that has become the major factor for the growth of the advanced medical stopcock market.
Key Topics Covered:
2. North America Advanced Medical Stopcock Market - Key Takeaways
3. North America Advanced Medical Stopcock Market - Market Landscape
3.2 Market Segmentation
3.3 PEST Analysis
4. North America Advanced Medical Stopcock Market - Key Market Dynamics
4.1 Key Market Drivers
4.1.1 Increasing Geriatric Population
4.1.2 Increasing Number of Cosmetic Surgeries
4.2 Key Market Opportunities
4.2.1 Growing Numbers of Hospitals
4.3 Impact Analysis
5. Advanced Medical Stopcock Market - North America Analysis
5.1 North America Advanced Medical Stopcock Market Revenue Forecasts And Analysis
5.2 Performance of Key Players
5.2.1 Utah Medical Products Inc.
6. Advanced Medical Stopcock Market Analysis And Forecasts To 2027 - Type
6.2 North America Advanced Medical Stopcock Market Share By Type 2018 & 2027 (%)
6.3 Low-Pressure Stopcocks Market
6.4 Medium-Pressure Stopcocks Market
6.5 High-Pressure Stopcocks Market
7. Advanced Medical Stopcock Market Analysis And Forecasts To 2027 - End User
7.2 North America Advanced Medical Stopcock Market Share By End User 2018 & 2027 (%)
7.3 Hospitals & Clinics Market
7.4 Ambulatory Surgery Centers Market
7.5 Homecare Market
8. Advanced Medical Stopcock Market Revenue And Forecasts To 2027 - North America Analysis
9. Advanced Medical Stopcock Market - Industry Landscape
9.2 Comparative Company Analysis
9.3 Growth Strategies Done By The Companies In The Market, (%)
9.4 Organic Developments
9.5 Inorganic Developments
10. Advanced Medical Stopcock Market - Key Company Profiles
- B. Braun Melsungen AG
- Smiths Medical
- Elcam Medical
- Merit Medical Systems
- Codan USA
- Nordson Corporation
- JCM MED
- Utah Medical Products Inc.
For more information about this report visit https://www.researchandmarkets.com/r/8x510m