Market Overview:
The global closed stopcocks market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for minimally invasive surgeries and rising number of ambulatory surgical centers (ASCs). Closed stopcocks are used in minimally invasive surgeries for controlling the flow of fluids and gases. They are also used in diagnostic centers for withdrawing blood samples and administering intravenous (IV) drugs. In hospitals, they are used for flushing IV lines and other medical devices. The growing demand for closed stopcocks is expected to drive the growth of this market during the forecast period.
Product Definition:
A stopcock is a valve used to control the flow of liquid or gas through a pipe. Stopcocks can be closed, meaning that they prevent any flow through the pipe, or open, meaning that they allow flow through the pipe. Closed stopcocks are important for controlling and regulating fluid flow in scientific experiments and medical procedures.
Vented IV Administration Sets:
Vented IV Administration sets, also known as Vacutainer administration set or Ventivue administration set is a device used to administer fluids by means of a vented intravenous line. It consists of an empty container connected by tubing to the fluid source. The product has numerous benefits over traditional methods such as gravity flow and non-vented IV solutions; it reduces waste, offers greater accuracy when administering fluids and provides protection against contamination due to backflow.
Non Vented IV Administration Sets:
Non-vented IV Administration sets are used in closed stopcocks to fill the administered fluid into the patient's body. The non-vented administration set is a plastic device that has an attached needle and tubing. It is used to transfer liquid medicines or fluids such as sterile water, saline solution, medication solutions or any other liquids which can be administered through a needle by medical practitioners or nurses.
Application Insights:
The market is segmented by application into hospitals, ambulatory surgical centers, and diagnostic centers. The hospital segment dominated the global closed stopcocks market in 2017 owing to a high usage rate of these devices across various medical facilities. In addition, an increasing number of hospitals and surgeries coupled with rising awareness about advanced healthcare services is expected to drive growth over the forecast period.
The Ambulatory Surgical Center (ASC) segment is anticipated to grow at a lucrative rate during the forecast period due to an increase in demand for minimally invasive procedures across various regions including North America and Europe. Furthermore, growing investments in technologically advanced ASCs are further expected to fuel growth over the next eight years.
Regional Analysis:
North America dominated the global market in 2017 owing to factors such as favorable reimbursement policies, increasing geriatric population, and rising healthcare expenditure. The U.S., which is at the forefront of growth in this region, accounted for a major share due to its well-developed healthcare infrastructure and high per capita spending on medical treatments.
Asia Pacific is expected to witness lucrative growth over the forecast period owing to improving economic conditions and an increase in disposable income that will lead to increased demand for advanced medical devices among patients & physicians. Moreover, government initiatives encouraging quality improvement are also likely to boost regional growth during the forecast period from 2018 To 2030 (ref). For instance, ‘Make in India’ initiative by Indian Government has encouraged domestic manufacturing of various medical products including IV administration sets thereby driving regional market development (ref).
Growth Factors:
- Increasing demand for minimally invasive surgeries: Closed stopcocks are extensively used in minimally invasive surgeries as they provide a quick and easy way to block or unblock the flow of fluids in surgical instruments, tubes, and other medical devices. This is expected to drive the growth of the closed stopcocks market during the forecast period.
- Rising prevalence of chronic diseases: The prevalence of chronic diseases such as cancer, heart disease, and diabetes is increasing at an alarming rate across the globe. This is leading to an increase in demand for advanced medical devices and therapies such as minimally invasive surgeries. Closed stopcocks are widely used in these procedures owing to their ability to provide quick fluid control without causing any damage to surrounding tissues or organs. Thus, this factor is also anticipated to fuel market growth during the forecast period.
- Technological advancements: The global closed stopcock market is witnessing significant technological advancements with manufacturers introducing new products with enhanced features and functionalities into the market place on a regular basis.. These innovations are helping healthcare professionals perform complex surgical procedures more easily and effectively thus propelling market growth over the next few years .
Scope Of The Report
Report Attributes
Report Details
Report Title
Closed Stopcocks Market Research Report
By Type
Vented IV Administration Sets, Non Vented IV Administration Sets
By Application
Hospitals, Ambulatory Surgical Centers, Diagnostic Centers
By Companies
B. Braun Medical, Doran International, Codan, Didactic, Baxter, Sendal, Hospira, Euromedis
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
217
Number of Tables & Figures
152
Customization Available
Yes, the report can be customized as per your need.
Global Closed Stopcocks Market Report Segments:
The global Closed Stopcocks market is segmented on the basis of:
Types
Vented IV Administration Sets, Non Vented IV Administration Sets
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospitals, Ambulatory Surgical Centers, Diagnostic Centers
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- B. Braun Medical
- Doran International
- Codan
- Didactic
- Baxter
- Sendal
- Hospira
- Euromedis
Highlights of The Closed Stopcocks Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Vented IV Administration Sets
- Non Vented IV Administration Sets
- By Application:
- Hospitals
- Ambulatory Surgical Centers
- Diagnostic Centers
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Closed Stopcocks Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A closed stopcock is a type of valve that allows water or gas to flow in one direction only.
Some of the major players in the closed stopcocks market are B. Braun Medical, Doran International, Codan, Didactic, Baxter, Sendal, Hospira, Euromedis.
The closed stopcocks market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Closed Stopcocks Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Closed Stopcocks Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Closed Stopcocks Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Closed Stopcocks Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Closed Stopcocks Market Size & Forecast, 2020-2028 4.5.1 Closed Stopcocks Market Size and Y-o-Y Growth 4.5.2 Closed Stopcocks Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Vented IV Administration Sets
5.2.2 Non Vented IV Administration Sets
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Hospitals
6.2.2 Ambulatory Surgical Centers
6.2.3 Diagnostic Centers
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Closed Stopcocks Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Closed Stopcocks Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Vented IV Administration Sets
9.6.2 Non Vented IV Administration Sets
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Hospitals
9.10.2 Ambulatory Surgical Centers
9.10.3 Diagnostic Centers
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Vented IV Administration Sets
10.6.2 Non Vented IV Administration Sets
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Hospitals
10.10.2 Ambulatory Surgical Centers
10.10.3 Diagnostic Centers
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Vented IV Administration Sets
11.6.2 Non Vented IV Administration Sets
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Hospitals
11.10.2 Ambulatory Surgical Centers
11.10.3 Diagnostic Centers
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Vented IV Administration Sets
12.6.2 Non Vented IV Administration Sets
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Hospitals
12.10.2 Ambulatory Surgical Centers
12.10.3 Diagnostic Centers
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Vented IV Administration Sets
13.6.2 Non Vented IV Administration Sets
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Hospitals
13.10.2 Ambulatory Surgical Centers
13.10.3 Diagnostic Centers
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Closed Stopcocks Market: Competitive Dashboard
14.2 Global Closed Stopcocks Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 B. Braun Medical
14.3.2 Doran International
14.3.3 Codan
14.3.4 Didactic
14.3.5 Baxter
14.3.6 Sendal
14.3.7 Hospira
14.3.8 Euromedis