Global Latex Probe Market is expected to grow at a CAGR of 7.2% during the forecast period 2020-2027
A new research report published by Fior Markets with the title Latex Probe Market by Type (Reusable, Disposable), Application (Endocavity Probe Covers, General Purpose Probe Covers, Transrectal & Transvaginal Probe Covers, Ultrasound Probe Covers, Others), End-User (Diagnostic Centers, Ambulatory Surgical Centers, Hospitals, Clinics), Regions, and Global Forecast 2020-2027.
The global latex probe market is expected to grow from USD 515.58 million in 2019 to USD 899.2 million by 2027, at a CAGR of 7.2% during the forecast period 2020-2027. The North America region stands as a promising market for latex probes and is expected to lead the global market over the forecast period. This is mainly due to the rise in the number of prostate cancer patients and the prevalence of major players like Parker Laboratories, Inc., and Cardinal Health, Inc. in the region. In the year 2020, approximately 191,930 new cases of prostate cancer are estimated to emerge in the United States of America, as per ASCO (American Society of Clinical Oncology).
NOTE: Our analysts monitoring the situation across the globe explains that the market will generate remunerative prospects for producers post COVID-19 crisis. The report aims to provide an additional illustration of the latest scenario, economic slowdown, and COVID-19 impact on the overall industry.
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Key players in the global latex probe market are Dynarex Corporation, Braun Melsungen AG, Ansell, Hartalega Holdings Berhad, Medtronic, R. Bard, CIVCO Medical Solutions, Parker Laboratories, Inc., McKesson Medical-Surgical Inc., and Cardinal Health, Inc., among others. Key companies are mainly focusing on developing new products, forming partnerships, and joint ventures to gain significant market share in the global latex probe market.
On the basis of type, the global latex probe market has been segmented into reusable and disposable. The disposable segment held the majority market share in 2019. This is attributed to the rise in cancer. As per the Cancer Facts & Figures 2020 publication by ACS, 73,750 Americans are estimated to be diagnosed with kidney cancer in the year 2020. On the basis of application, the global latex probe market has been segmented into endocavity probe covers, general purpose probe covers, transrectal & transvaginal probe covers, ultrasound probe covers, and others. In 2019, the ultrasound probe cover segment held the largest market share due to the rise in the number of prostate cancer patients. Over the course of 2015 to 2017, about 48,487 instances of prostate cancer were identified in the United Kingdom, according to Cancer Research UK. On the basis of end-user, the global latex probe market has been segmented into Diagnostic Centers, Ambulatory Surgical Centers, Hospitals, and Clinics.
About the report:
The global latex probe market is analyzed on the basis of value (USD Billion), volume (K Units), export (K Units), and import (K Units). All the segments have been analyzed on global, regional and country basis. The study includes an analysis of more than 30 countries for each segment. The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The study includes porter’s five forces model, attractiveness analysis, raw material analysis, and competitor position grid analysis.
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