Research Reports

Healthcare

icon
Home » Reports » Tip Location Deviceequipment Market Global Demand Analysis Opportunity Outlook 2023
Market Research Report

Tip Location Device/Equipment Market : Global Demand Analysis & Opportunity Outlook 2023

Published On : 09:40 AM, 14th September, 2017 REP-ID-197 Category: Healthcare

Global Tip Location Device Market Overview

Tip location devices and system are commercialized as a solution to the complication of catheters malpositioning. Catheters are thin tube medical devices which are inserted in human body during surgical procedure and the process is known as catherization. During catherization, malpositioning of catheters is commonly observed in the technique of peripherally inserted central catheters (PICCs) use of tip locator devices reduces the incidences of catheter malpositioning by around 10 % to 16%. Catheters position determination can be done by chest X-ray but the process is considered as time consuming due to poor image quality and repetition of the process to determine the exact catheters position. Tip location devices and systems reduce the cost of catheterization and   have a higher edge over the convention technique of X-rays in determination of catheters malpositioning during surgical process. Tip location devices and systems use micro sensors to indicate right and wrong position of catheters.

                            Tip Location Device Market Demand & Revenue Opportunity

Market Size & Forecast

Global tip location devices and systems market is anticipated to project a brandish growth over the period of forecast; the market is estimated to reach USD 48 million by 2023 owing to the adoption of tip location device technique especially in hospitals.

Geographically, North America is anticipated to dominate the global tip location market in terms of revenue witnessing a compound annual growth rate of 7.2%, North America tip location market accounted for 45% of the revenue share to the global market in 2015 owing to the strong growth of medical facilities in U.S and Canada.

Asia-Pacific is anticipated to account 10% of the global market share in 2016 due to lack of technological advanced medical facilities, however Asia-Pacific tip location market is likely to expand at a promising compound annual growth rate over the period of forecast.

 North America and Europe are introduced to the tip location devices technology but the developing regions still require advancement in medical devices market to overcome the traditional chest x-rays for locating catheters. Use of tip location devices reduces vein damage and spams as the devices are technological advanced with 98% accuracy in navigation and targeting for the catheter in comparison to the conventional techniques.

Demand Analysis By Market Segmentation

By Product

By product type, the market can be segmented in to following categories:-

  • Tip location devices and systems
  • Tip location system accessories
  • ECG Cables
  • ECG Clip cable
  • ECG Lead Set

By Technology

On the basis of technology used in tip location devices and systems, the market can be segmented into following categories:-

  • ECG Tip confirmation
  • ECG with magnetic tracking
  • ECG and intravascular Doppler

By End-Use-Industry

Tip location devices and systems find their application in following segments:-

  • Hospitals
  • Ambulatory surgical centers
  • Catheterisation labs

By Region

Global Tip Location Devices Market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Western and Eastern Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, Rest of Western Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of Asia) Market size, Y-O-Y growth & Opportunity Analysis
  • Middle East and Africa

Growth Drivers and Challenges

The Tip location market is mainly driven by increasing prevalence of chronic disease which results in the adoption of peripherally inserted central catheters (PICCs) technique, the technique is popular for treatment of cancer used for administration of antibiotics, parenteral nutrition and for chemotherapy across the globe.

Increasing demand for technological advanced treatment options across the globe is expected to be the key factor that will boost the growth of tip location device market over the period of forecast.

Catherization often results in complications such as hematoma, infiltration, phlebitis or embolism. Increasing complications due to the use of conventional catheters position determination techniques will force the hospitals towards the use of tip location device and systems and further increase the demand of tip location device across the globe.

Use of traditional chest X-ray technique and fluoroscopy is considered to be the main factor restraining the growth of global tip location device market.

Key Players

  • C.R. Bard, Inc.
  • Teleflex Incorporated
  • Angio Dynamics Inc.
  • Vygon S.A.
  • CORPAK MedSystems.

Scope and Context

Overview of the Parent Market

Analyst View

Segmentation

  • By Type Market Size & Y-O-Y Growth Analysis
  • By Application Market Size & Y-O-Y Growth Analysis
  • By Component Market Size & Y-O-Y Growth Analysis

By Regions

Global Tip Location Devices Market has been studied on countries and regions like:

  • North America (U.S., Canada) Market Size & Y-O-Y Growth Analysis
  • Latin America (Mexico, Brazil, Rest of Latin America) Market Size & Y-O-Y Growth Analysis
  • Western and Eastern Europe (Germany, Italy, Spain, France, U.K, Benelux, Hungary, Rest Of Western Europe, Russia Poland, Rest of Eastern Europe) Market Size & Y-O-Y Growth Analysis
  • Asia-Pacific (China, India, Singapore, Japan, Australia & New Zealand & Rest of Asia) Market Size & Y-O-Y Growth Analysis
  • Middle East and North Africa (MENA) Market Size & Y-O-Y Growth Analysis
  • Rest of World  Market Size & Y-O-Y Growth Analysis

Market Dynamics

Supply & Demand Risk

Competitive Landscape

Porter’s Five Force Model

Geographical Economic Activity

Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio

Recent Trends and Developments

Industry Growth Drivers and Challenges

Key Information for Players to establish themselves in current dynamic environment

 

                  Key Answers Captured in Report?

Which geography would have better demand for product/services?
What are the strategies adopted by big players in the regional market?
Which country would see the steep rise in CAGR & year-on-year (Y-O-Y) growth?
What is the current & expected market size in next five years?
What is the market feasibility for long term investment?
What opportunity the country would offer for existing and new players in the market?
What is risk involved for suppliers in the geography?
What factors would drive the demand for the product/service in near future?
What is the impact analysis of various factors in the market growth?
What are the recent trends in the regional market and how successful they are?

SELECT LICENSE TYPE

KEY BENEFITS

  • DIRECT ANALYST ASSISTANCE

    Direct access to analyst to help you understand the market in a better way to handle your critical question

  • CUSTOMIZE AS PER YOUR NEED

    Citing your business specific requirement our consultant would assist you ensuring targeted goal is achieved

  • DISCOUNT ON CUSTOMISATION

    Get 10% free customization

  • QUALITY ASSURED

    Great focus on accuracy and quality of the research

Connect With Us

Call us

(U.S.) - +1 646 586 9123
(Canada) - +1 437 889 3230
(U.K.) - +44 203 608 5919
(India) - + 91 120 660 5495
Email: info@researchnester.com

Ask The Analyst

Delivery Center

1014, 10th Floor, Tower A1,
Ansal Corporate Park, Plot no 7A/1,
Sector 142 Noida., 201301 India
Phone : +91 958 228 3827, +91 120 660 5495
info@researchnester.com

US Office

1820 Avenue M, Suite# 1113,
Brooklyn, New York 11230
Phone : +1 646 586 9123
info@researchnester.com

Canada (Toronto)

Phone : +1 437 889 3230
info@researchnester.com

UK Office (London)

Phone : +44 203 608 5919
info@researchnester.com

Copyright © 2017 Research Nester. All rights reserved

Top