Healthcare Tip Location Device Equipment Market | Page 2

The global tip location device/equipment market is segmented into technology
such as ECG tip confirmation, ECG with magnetic tracking and ECG and
intravascular doppler. Among these segments, ECG and intravascular doppler
segment is projected to be the fastest growing segment by 2024. Likely, rising
demand for tip location device/equipment owing to it reduce the cost of
catheterization which is predicted to propel the growth of global tip location
device/equipment market. Moreover, rising adoption of technological advanced
treatment options is also positively impacting the growth of tip location
device/equipment market.
Global tip location device/equipment market is projected to register a 6.4%
CAGR over the forecast period i.e. 2016-2023. Moreover, the global tip location
device/equipment market is anticipated to reach at noteworthy revenue by 2023.
The market is expected to expand on the back of developing healthcare
infrastructure of developing nations.
The hospitals segment by end use industry is projected to mask a remarkable
CAGR during the forecast period. In terms of regional platform, North America
captured the biggest market of tip location device/equipment in 2016 and is
projected to witness a CAGR of 7.2% by 2023. Moreover, this growth is attributed
to the strong growth of medical facilities in U.S. and Canada. Apart from this,
Asia- Pacific is likely to have less contribution in terms of market share due to
lack of advance medical facilities, however the market is estimated to show a
promising growth owing to the emerging economies.
Rising Occurrence of Long Term Disease
Growing number of people affected with chronic diseases such as cancer and
others is believed to be the major factor fuelling the growth of tip location
device/equipment market. Further, wide usage of tip location device/equipment
for the administration of antibiotics, parenteral nutrition and for chemotherapy
is also predicted to foster the growth of tip location device/equipment market
across the globe.
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