3-way Stopcock Market Growth Prospects Insights 2022

Growing Incidence Of Chronic Diseases

• The chronic diseases such as heart diseases, cancer, chronic lung diseases, stroke, Alzheimer’s disease, diabetes and chronic kidney disease among the others are the leading cause of deaths. The habits such as tobacco use, alcohol consumption, poor nutrition and lack of physical activity among others are the leading factors for the chronic diseases.
• According to the World Health Organization (WHO), it has been projected that, by 2020, chronic diseases will account for almost three-quarters of all deaths worldwide, and that 71% of deaths due to ischaemic heart disease (IHD), 75% of deaths due to stroke, and 70% of deaths due to diabetes will occur in developing countries. 
• The number of people in the developing world with diabetes will increase by more than 2.5-fold, from 84 million in 1995 to 228 million in 2025. On a global basis, 60% of the burden of chronic diseases will occur in developing countries. Indeed, cardiovascular diseases are even now more numerous in India and China than in all the economically developed countries in the world put together. As for overweight and obesity, not only has the current prevalence already reached unprecedented levels, but the rate at which it is annually increasing in most developing regions is substantial.
• Therefore, the significant rise in the incidences of the chronic diseases are likely to increase the demand for the advanced medical stopcock as this is required to treat various conditions.

Rapidly Growing Number Of Surgical Procedures

• Advanced medical stopcocks are used during surgeries or after the surgical procedures. 
•  These are used with infusion pumps to send pain medicine through catheter to a specific part of patient’s body. The Infusion pumps provide targeted and consistent medicine to decrease the pain. 
• They are used when other methods are less effective or when the patient needs long-term medicines or fluids. 
• The stopcocks are used after surgeries to provide medicines in the fluid forms when the patient is under observation. 
• For instance, the surgical procedures such as caesarean sections are growing across the world. According to the statistics revealed by the European Union states that in 2016, approximately 1.32 million caesarean sections were performed. The number of the surgeries are rising across the world which is likely to propel the growth of the market during the forecast period.

Market Opportunities

• The increasing initiatives taken by government and organizations related to awareness towards diagnosis of rising chronic diseases, are expected to create vast growth opportunities for the 3-Way Stopcock treatment market globally.
• Increase in clinical trials and rise in the demand for three-way stopcock are expected to provide a number of opportunities for pharmaceutical industries, thus boosting the market growth in the near future.
• Market players involved in 3-Way Stopcock are developing new products, which is likely to promote the market growth in the coming years.
• Continuous development of new products by players in markets coupled with collaboration among players is expected to create various opportunities over the forecast period.
• The rising rapid diagnosis that able to offer real time test results will show greater growth opportunities, especially from clinical laboratories and diagnostic centres, as these centres perform various tests all day for numerous population is leading to rise in demand for more stopcocks.
• Affordability of tests is a critical factor globally, especially in the emerging countries. Thus the availability of affordable and functional 3-way stopcocks would hold great demand from developing countries.
• Recycled 3-way stopcocks shows higher opportunities for growth in the developing countries, as these developing countries have limited healthcare budgets and high demand for diagnostic systems.
• Physician office laboratories (POL) testing is expected to project potential opportunities in the coming years. As increasing number of tests are performed in POL.

About Us:

DataM Intelligence was incorporated in the early weeks of 2017 as a Market Research and Consulting firm with just two people on board. Within a span of less than a year, we have secured more than 100 unique customers from established organizations all over the world.

For more information:

Sai Kiran

Sales Manager at DataM Intelligence

Email: [email protected]

Tel: +1 877 441 4866

Website: www.datamintelligence.com