TIP LOCATION DEVICES MARKET ANALYSIS

Tip Location Devices Market, By Product Type (Tip Location Systems, Accessories (ECG Cables, ECG Clip Cables, ECG Lead Set)), By Technology (Hospitals, Ambulatory Surgical Centers (ASCs), Catheterization Labs), and By Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2019 - 2027

Published In : Feb 2020
Code : CMI3447
Pages :164
Formats :
Excel and PDF
Industry : Medical Devices

Tip Location Devices MarketSize and Trends

The global tip location devices market is estimated to account for US$ 33.5 Mn in terms of value in 2019 and is expected to reach US$ 57.0 Mn by the end of 2027.

Tip location systems segment in the global tip location devices market was valued at US$ 23.7 Mn in 2018 and is expected to reach US$ 44.6 Mn by 2027 at a CAGR of 6.8% during the forecast period.

Market Trends/Key Takeaways

The market is witnessing increasing M&A activities. For instance, in January 2020, AngioDynamics acquired C3 Wave PICC tip location system from Medical Components Inc. The wireless technology eliminates the need for a confirmatory chest x-ray of PICC tip placement.

The market is witnessing R&D of next generation, fully integrated magnetic tracking and ECG-based PICC. For instance, Becton, Dickinson and Company offers Sherlock 3CG Tip Confirmation System (TCS), a next generation, fully integrated magnetic tracking and ECG-based PICC tip confirmation technology.