Market Overview:
The global three-way stopcock 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 three-way stopcocks in various applications such as chemical plants, pharmaceutical companies, hospitals, schools and others. In addition, the growing awareness about safety and hygiene among consumers is also contributing to the growth of this market. Based on type, the global three-way stopcock market can be segmented into slant-hole three-way stopcock and T-shaped three-way stopcock. Slant hole three way cocktils are more popular than T shaped ones due their easy handling characteristics . They are also less expensive as compared to other types of valves available in the market . Based on application ,the global Three -Way Stop cock Market can be divided into chemical plant ,pharmaceutical companies ,hospital schools and others .
Product Definition:
A three-way stopcock is a medical device used to control the flow of liquids in and out of a patient's body. It has three separate channels, each with its own valve, that can be opened and closed independently. This allows the doctor to easily control the flow of blood, medication, or other fluid into and out of the patient's body.
Slant-Hole Three-Way Stopcock:
The slant-hole three-way stopcock is a valve device used in the plumbing of houses and commercial buildings for controlling water flow. It has an advantage over conventional two-way valves as it can be installed in smaller spaces, where other valves would not fit. The space required for its operation is also much lesser than that of the conventional ones, which makes it more user friendly.
T-Shaped Three-Way Stopcock:
The T-shaped three-way stopcock is a valve that can be used in gas, steam and water plumbing. It has two valves on its stem which allows it to be used as a pressure reducing, or temperature controlling or mixing valve. The design of the T-shaped three way stopcock makes it convenient for service people to access any pipe easily.
Application Insights:
The market is segmented by application into a chemical plant, pharmaceutical companies, hospital, school and others. The other application segment includes food processing plants and industrial manufacturing facilities. The three-way stopcock is widely used in the oil & gas industry for crude oil feedstock transfer from storage tanks to pipelines or ships at sea. In addition to being used for crude oil transfer, these devices are also employed for transferring chemicals produced in the petrochemical plants along with their respective liquids and gases.
The product demand at petroleum refineries was estimated over 1 million units in 2015 which indicates its rising importance as a safety valve across various industries globally.
Regional Analysis:
Europe was the largest regional market in 2017 and accounted for over 35% of the global revenue share. The region is anticipated to witness a significant growth rate of 5.8% from 2018 to 2030 owing to increasing demand for technologically advanced products in countries, such as Germany, U.K., France, Italy, and Spain among others.
North America also accounted for a major share owing high adoption rates slant-hole three way stopcocks across end-use industries including chemical plant (petrochemical), pharmaceuticals & biotechnology sector which has led it being one of the most influential markets globally on account of its large size.
Growth Factors:
- Increasing demand for minimally invasive surgeries: The global market for minimally invasive surgeries is expected to grow at a CAGR of 7.5% from 2016 to 2021. This is primarily due to the increasing number of geriatric patients, rising prevalence of chronic diseases, and technological advancements in surgical procedures. Three-way stopcocks are widely used in minimally invasive surgeries as they provide accurate control over the flow of fluids and gases during the surgery.
- Growing demand for disposable medical devices: The global market for disposable medical devices is expected to grow at a CAGR of 9% from 2016 to 2021. This can be attributed to the increasing awareness about hygiene and safety among healthcare professionals and patients, growing incidence of hospital-acquired infections (HAIs), and rising government initiatives towards healthcare reform worldwide. Three-way stopcocks are extensively used in disposable medical devices as they help reduce cross-contamination between patients undergoing different procedures simultaneously in an operating theater or clinic setting.
Scope Of The Report
Report Attributes
Report Details
Report Title
Three-Way Stopcock Market Research Report
By Type
Slant-Hole Three-Way Stopcock, T-Shaped Three-Way Stopcock
By Application
Chemical Plant, Pharmaceutical Companies, Hospital, School, Other
By Companies
Terumo, NIPRO, Bio-Rad, Thermo Fisher Scientific, Elcam, B.Braun, Borla, Hospira, iLife Medical Devices, Polymed Medical Devices
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
242
Number of Tables & Figures
170
Customization Available
Yes, the report can be customized as per your need.
Global Three-Way Stopcock Market Report Segments:
The global Three-Way Stopcock market is segmented on the basis of:
Types
Slant-Hole Three-Way Stopcock, T-Shaped Three-Way Stopcock
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
Chemical Plant, Pharmaceutical Companies, Hospital, School, Other
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:
- Terumo
- NIPRO
- Bio-Rad
- Thermo Fisher Scientific
- Elcam
- B.Braun
- Borla
- Hospira
- iLife Medical Devices
- Polymed Medical Devices
Highlights of The Three-Way Stopcock 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:
- Slant-Hole Three-Way Stopcock
- T-Shaped Three-Way Stopcock
- By Application:
- Chemical Plant
- Pharmaceutical Companies
- Hospital
- School
- Other
- 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 Three-Way Stopcock 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
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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 three-way stopcock is a valve used to control the flow of water, gas, or oil. It consists of a handle on one side and two valves on the other. When the handle is turned, one valve opens and allows water or gas to flow in; when the handle is turned further, the second valve opens and allows oil to flow in.
Some of the major players in the three-way stopcock market are Terumo, NIPRO, Bio-Rad, Thermo Fisher Scientific, Elcam, B.Braun, Borla, Hospira, iLife Medical Devices, Polymed Medical Devices.
The three-way stopcock market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Three-Way Stopcock Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Three-Way Stopcock Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Three-Way Stopcock Market - Supply Chain
4.5. Global Three-Way Stopcock Market Forecast
4.5.1. Three-Way Stopcock Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Three-Way Stopcock Market Size (000 Units) and Y-o-Y Growth
4.5.3. Three-Way Stopcock Market Absolute $ Opportunity
5. Global Three-Way Stopcock Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Three-Way Stopcock Market Size and Volume Forecast by Type
5.3.1. Slant-Hole Three-Way Stopcock
5.3.2. T-Shaped Three-Way Stopcock
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Three-Way Stopcock Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Three-Way Stopcock Market Size and Volume Forecast by Application
6.3.1. Chemical Plant
6.3.2. Pharmaceutical Companies
6.3.3. Hospital
6.3.4. School
6.3.5. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Three-Way Stopcock Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Three-Way Stopcock Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Three-Way Stopcock Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Three-Way Stopcock Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Three-Way Stopcock Demand Share Forecast, 2019-2029
9. North America Three-Way Stopcock Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Three-Way Stopcock Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Three-Way Stopcock Market Size and Volume Forecast by Application
9.4.1. Chemical Plant
9.4.2. Pharmaceutical Companies
9.4.3. Hospital
9.4.4. School
9.4.5. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Three-Way Stopcock Market Size and Volume Forecast by Type
9.7.1. Slant-Hole Three-Way Stopcock
9.7.2. T-Shaped Three-Way Stopcock
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Three-Way Stopcock Demand Share Forecast, 2019-2029
10. Latin America Three-Way Stopcock Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Three-Way Stopcock Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Three-Way Stopcock Market Size and Volume Forecast by Application
10.4.1. Chemical Plant
10.4.2. Pharmaceutical Companies
10.4.3. Hospital
10.4.4. School
10.4.5. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Three-Way Stopcock Market Size and Volume Forecast by Type
10.7.1. Slant-Hole Three-Way Stopcock
10.7.2. T-Shaped Three-Way Stopcock
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Three-Way Stopcock Demand Share Forecast, 2019-2029
11. Europe Three-Way Stopcock Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Three-Way Stopcock Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Three-Way Stopcock Market Size and Volume Forecast by Application
11.4.1. Chemical Plant
11.4.2. Pharmaceutical Companies
11.4.3. Hospital
11.4.4. School
11.4.5. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Three-Way Stopcock Market Size and Volume Forecast by Type
11.7.1. Slant-Hole Three-Way Stopcock
11.7.2. T-Shaped Three-Way Stopcock
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Three-Way Stopcock Demand Share, 2019-2029
12. Asia Pacific Three-Way Stopcock Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Three-Way Stopcock Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Three-Way Stopcock Market Size and Volume Forecast by Application
12.4.1. Chemical Plant
12.4.2. Pharmaceutical Companies
12.4.3. Hospital
12.4.4. School
12.4.5. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Three-Way Stopcock Market Size and Volume Forecast by Type
12.7.1. Slant-Hole Three-Way Stopcock
12.7.2. T-Shaped Three-Way Stopcock
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Three-Way Stopcock Demand Share, 2019-2029
13. Middle East & Africa Three-Way Stopcock Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Three-Way Stopcock Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Three-Way Stopcock Market Size and Volume Forecast by Application
13.4.1. Chemical Plant
13.4.2. Pharmaceutical Companies
13.4.3. Hospital
13.4.4. School
13.4.5. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Three-Way Stopcock Market Size and Volume Forecast by Type
13.7.1. Slant-Hole Three-Way Stopcock
13.7.2. T-Shaped Three-Way Stopcock
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Three-Way Stopcock Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Three-Way Stopcock Market: Market Share Analysis
14.2. Three-Way Stopcock Distributors and Customers
14.3. Three-Way Stopcock Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Terumo
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. NIPRO
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Bio-Rad
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Thermo Fisher Scientific
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Elcam
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. B.Braun
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Borla
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Hospira
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. iLife Medical Devices
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Polymed Medical Devices
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
