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Catheter Securement Devices Market report provides detailed information regarding various insights of the industry. Some of them are growth drivers, hindrances, competitive landscape, regional analysis, and challenges.
The Joint Commission Monograph named, “A Global Challenge, A Global Perspective”, stated about 300 million catheters are used in the U.S. every year and 250,000 central venous catheters are used in the U.K. Catheters are used for both outpatients and inpatients in a medical environment. Governments of various nations are supporting the use of catheter securement devices actively and this has led to higher adoption rate and rise in availability of securement devices. Fortune Business Insights foresees the above mentioned factor to encourage the global catheter securement devices market growth over the forecast period. The report on the market focusses on all factors influencing the growth of the market with interesting insights. All information presented in the report are gathered from trusted sources and it highlights major trends and growth opportunities, helping market players strategize to multiply their revenue generation in the forecast period.
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Leading Players operating in the Catheter Securement Devices Market are:
Key players are involved in mergers and acquisition to strengthen their market position. Owing to increasing competition frequent innovations are taking place in the market. Some of the companies operating the industry are:
Increasing Prevalence of Lifestyle Diseases Promoting Market Growth
The rise in prevalence of lifestyle diseases such as heart disease, obesity, type 2 diabetes, diseases related to drug abuse, alcohol and smoking, hypertension, cancer, premature mortality, and others is anticipated to promote the growth of the global catheter securement devices market. The Centers for Diseases Control and Prevention states that about 75% of all hospital acquired UTIs reported in the U.S. are related to a urinary catheter. This ultimately indicates a rise in the catheter securement devices market in the long run.
However, the market for catheters securement devices may face rough waters in terms of the high cost associated with the devices.
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Improving Healthcare Infrastructure in Developing Nations to Help Asia Pacific Grow at Faster Rate
Due to the government supported reimbursement policies set for using securement devices, the market for catheter devices in North America is anticipated to grow promisingly in the coming years. Catheter devices are used for prevention against catheter-related infections and this is anticipated to further propel the regional market in future.
On the other side, the rise in geriatric population and improvement in medical facilities, especially in developing nations are presumed to help Asia Pacific generate significant revenue in the forecast duration.
Segmentation of the Global Catheter Securement Devices Market
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An Overview of the Impact of COVID-19 on this Market:
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