Global Medical Stopcock Market: Introduction
Medical
stopcock is a form of valve used to control the flow of the liquid in infusion
therapy. It is designed to control the flow of liquid or gas through an on/off
diverter.
Medical
stopcock contains a valve or turning plug that controls the flow of fluid from
a container through a tube. These stopcocks are available in four types namely
four-way stopcock, three-way stopcock, two-way stopcock, and one-way stopcock.
Of these, three-way stopcock is made of polycarbonate and has numerous channels
for multiple infusion therapy. It is primarily used in intensive therapy unit.
Global Medical Stopcock Market: Developments and Trends
The medical
stopcock market is anticipated to expand during the forecast period due
to the high demand for valves in the health care sector, increase in research
& development activities, and large numbers of tests that take place in
intensive therapy units.
Development
in the pharmaceutical industry and growth of valves are expected to play
pivotal role in the medical stopcock market. Increase in clinical trials and
rise in demand for three-way stopcocks are anticipated to provide lucrative
opportunities for pharmaceutical industries, thus fueling the medical stopcock
market. However, lack of skilled professionals and occurrence of accidents
while using three-way stopcocks such are hampering the market.
Global Medical Stopcock Market: Segmentation
The
medical stopcock market can be segmented based on type, application, and
region. Based on type, the medical stopcock market can be classified into
four-way stopcock, three-way stopcock, two-way stopcock, and one-way stopcock.
Three-way stopcock is the major segment of the medical stopcock market, led by
the rise in demand for these stopcocks in intensive therapy and high dependency
units. Based on application, the medical stopcock market can be classified into
infusion devices and other devices. Infusion devices is the key segment of the
medical stopcock market.
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Global Medical Stopcock Market: Regional Outlook
In terms
of region, the global medical stopcock market can be segmented into North
America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
North America is the prominent region, accounting for significant share of the
global medical stopcock market. The market in North America is expected to
expand at a rapid pace during the forecast period. The large share of the
region can be ascribed to factors such as presence of large number of major
market players, favorable health care policies, and increase in prevalence of
heart conditions, and rise in preference of patients for minimally invasive
disease. The market in Asia Pacific is also anticipated to expand at a rapid
pace during the forecast period due to the increase in number of health care
facilities, growth in health care expenditure, and rise in medical tourism.
Demand for medical stopcock is projected to rise in China, Japan, and South
Korea in the near future, followed by that in India. China is expected to
account for leading share of the medical stopcock market in Asia Pacific during
the forecast period.
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Global Medical Stopcock Market: Key Players
Key players operating in the global medical stopcock market are
B. Braun Melsungen AG, Qosina, CODAN USA, Nordson Corporation, Vitalmed,
Hospira (ICU Medical), Nipro, TOP Corporation, Elcam, Borla, and Argon Medical.
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