Global Catheter Stabilization Device/Catheter Securement Device Market Size To Grow At A CAGR Of 7% Until 2027
The new report by Expert Market Research titled, ‘Global Catheter Stabilization Device/Catheter Securement Device Market Size, Report and Forecast 2022-2027’, gives an in-depth analysis of the global catheter stabilization device/catheter securement device market. It assesses the market based on its segments like types, applications, end uses, and major regions.
Catheter Stabilization Device/Catheter Securement Device Market Size, Trends, Industry Report, Key Player, Major Segments, and Forecast
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The key highlights of the report include:
Market Overview (2017-2027)
- Forecast CAGR (2022-2027): 7%
|Growth Rate CAGR||7%|
|Major Players||3M Company, B. Braun Melsungen AG, Baxter International, Becton, Dickinson and Company, Medline Industries, ConvaTec Inc., M.C. Johnson Company, Inc., Merit Medical Systems Inc., and Cardinal Health, Inc., among others.|
The rising application of catheter stabilization devices/catheter securement devices in radiology and urological procedures to provide safety to the patients from incurring further damage is driving the market growth. Meanwhile, the increasing geriatric population, along with the surging cases of bladder dysfunction, is propelling the demand for the product.
Over the forecast period, the rising rates of hospitalisation due to the surging prevalence of accidents and lifestyle-related issues among the working-class population are anticipated to provide impetus to the market. Geographically, North America accounts for a significant share in the catheter stabilization device/catheter securement device market owing to the robust healthcare infrastructure in the United States and Canada.
Catheter Stabilization Device/Catheter Securement Device Industry Definition and Major Segments
A catheter stabilization device/catheter securement device is a type of equipment that is used to prevent the inadvertent movement of the catheter by stabilising it. This reduces the risk of catheter-related infections and mechanical phlebitis. Moreover, it also impedes the risk of accidents or backflow of urine or blood.
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On the basis of type, the catheter stabilization device/catheter securement device market can be segmented into:
- Peripheral Catheter Securement Devices
- Foley Catheter Securement Devices
- Ventriculoperitoneal Securement Devices
- Nasogastric Tube Securement Devices
- Continuous Nerve Block Catheter Securement Devices
- Endotracheal Tube Securement Devices
- Midlines Securement Devices
- Central Venous Catheter Securement Devices
- Portal Securement Devices
- Subclavian Securement Devices
- PICC Securement Devices
- Jugular Securement Devices
- Femoral Securement Devices
- Arterial Catheter Securement Devices
- Abdominal Drainage Tube Securement Devices
- Percutaneous Endoscopic Gastrostomy Securement Devices
- Umbilical Catheter Securement Devices
- Jejunal Catheter Securement Devices
- Chest Drainage Tube Securement Devices
- Epidural Securement Devices
- All-Site Securement Devices
The significant applications in the catheter stabilization device/catheter securement device market include:
- Cardiovascular Procedures
- General Surgery
- Respiratory Procedures
- Gastric and Oropharyngeal Procedures
- Urological Procedures
The major end uses of the product include:
- Homecare Settings
- Emergency Clinics
- Diagnostic Imaging Centres
The regional markets for catheter stabilisation device/catheter securement device include:
- North America
- Latin America
- Asia Pacific
- Middle East and Africa
Catheter Stabilization Device/Catheter Securement Device Market Trends
The key trends in the catheter stabilization device/catheter securement device market include the growing R&D activities and increasing efforts by the healthcare authorities and major market players to improve the quality of surgical procedures for the patients. In addition to this, the favourable reimbursement policies by various governments are further driving the demand for the product.
The rapid development of healthcare units in emerging economies owing to the rising disposable income, the rising healthcare expenditure, and the increasing awareness regarding the significance of robust healthcare is likely to be another major trend in the market. The market in the coming years is further anticipated to be aided by the growing international cooperation aimed toward bolstering the trading activities for medical equipment.
Key Market Players
The major players in the catheter stabilization device/catheter securement device market are:
- 3M Company
- B. Braun Melsungen AG
- Baxter International
- Dickinson and Company
- Medline Industries
- ConvaTec Inc
- M.C. Johnson Company, Inc
- Merit Medical Systems Inc
- Cardinal Health, Inc
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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