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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