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Wednesday, September 14, 2022

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%

Report AttributeDetails
Historical Period2017-2021
Forecast Period2022-2027
Base Year2020
Growth Rate CAGR7%
Major Players3M 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
  • Radiology
  • Urological Procedures
  • Others

The major end uses of the product include:

  • Hospitals
  • Homecare Settings
  • Emergency Clinics
  • Diagnostic Imaging Centres

The regional markets for catheter stabilisation device/catheter securement device include:

  • North America
  • Latin America
  • Europe
  • 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
  • Becton
  • Dickinson and Company
  • Medline Industries
  • ConvaTec Inc
  • M.C. Johnson Company, Inc
  • Merit Medical Systems Inc
  • Cardinal Health, Inc
  • Others

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.

About Us:

Expert Market Research (EMR) is leading market research company with clients across the globe. Through comprehensive data collection and skillful analysis and interpretation of data, the company offers its clients extensive, latest, and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium scale enterprises.

EMR customises syndicated reports according to clients’ requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.

Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.

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Contact Person: Sophia Grace, Corporate Sales Specialist – U.S.A.
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