Advanced Medical Stopcock Market to 2027- Global Analysis and Forecasts by Type (Low-Pressure Stopcocks, Medium Pressure Stopcocks, and HighPressure Stopcocks), and End User (Hospitals & Clinics, Ambulatory Surgical Centers, and Homecare) and Geography
The global advanced medical stopcock market is expected to reach US$ 1,167.6 Mn in 2027 from US$ 841.3 Mn in 2018. The advanced medical stopcock market is estimated to grow with a CAGR of 4.1% from 2019-2027.
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The market is driven by the factors such as, growing incidence of chronic diseases, rapidly growing number of surgical procedures and growing geriatric population. However, the market is likely to face challenge such as safety concern while using stopcocks, which is likely to impact the market minutely. For the geriatric population the advanced medical stopcock are used along with the infusion pumps. As the infusion pumps are used for the administration of medication/ hormone/ nutrition and others. Elderly population is defined as group of people aged 65 and over. Population ageing is poised to become one of the most significant social transformations of the twenty-first century. According to the report of United Nations, in 2017, there were approximately 962 million people aged 60 or over across