Catheter Stabilization Device /Catheter Securement Devices Market size was estimated at $1.24Bn in 2019 and is predicted to grow at a CAGR of 6.6% percentage during the forecast period 2020-2025. Catheter is a medical device that consists of a small flexible tube inserted in the body that collects and withdraw the urine, blood and gas from the body. It is attached to a drainage bag for temporary storage. The use of intravascular Catheters is an important part of modern healthcare globally. This has become an essential component with extensive use in hospitals and clinics. Stabilization systems with catheters are crucial with the patients who are unable to clear their bladder in a natural way. It helps maintain the bladder as well as the kidney healthy and prevent from infection and leakage. All the vascular access systems should be stabilised to avoid problems such as a system movement that can cause microorganisms to invade the artery and unintended lack of venous access. These are widely used for the administration of medicines, IV fluids, parenteral nutrition and hemodynamic status monitoring. Prevalence of urinary diseases such as cystitis, kidney stones, urinary incontinence, urinary retention, benign prostate hyperplasia and other diseases and disorders that contribute to bladder dysfunction is continuing to rise. The procedure used to stabilise the system do not conflict with the assessment and monitoring of the site and should not prevent the blood circulation or deliver of prescribed therapy
Catheter Stabilization Device /Catheter Securement Devices Market Segment Analysis – By Product Type
The product type segment of Catheter Stabilization Device /Catheter Securement Devices Market has Central Venous, Arterial, Urinary, Abdominal Drainage, Chest Drainage Tube, Epidural and Peripheral. The Peripheral type Catheter Stabilization Device /Catheter Securement Device registers for the highest market share in 2019 and is set to continue for the forecast period 2020-2025 with a CAGR of 6.4%. Due to the increase in the number of cases for surgeries that requires the nasogastric tubes after the surgery process, blood transfusions, to give intravenous fluids and other drugs is the common in every surgery and due to this the there is a wide use of peripheral segment of Catheter Stabilization Device in many surgeries. Arterial catheters are also extensively used in ICUs globally and is set to grow during the forecast period owing to the increased cardiovascular diseases.
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Catheter Stabilization Device /Catheter Securement Devices Market Segment Analysis – By Geography
Based on Geography the global Catheter Stabilization Device /Catheter Securement Devices Market is segmented into North America, Europe, Asia-Pacific and Rest of the World. . North America had the dominated the market share with 31% in the year 2019 owing to the increased surgeries utilizing the Catheter Stabilization Device /Catheter Securement Devices in them. Asia–Pacific is expected to be the fastest growing region in the Catheter Stabilization Device /Catheter Securement Devices Market. Factors like investments by major players, rising health awareness, growing per capita income.
Catheter Stabilization Device /Catheter Securement Devices Market Drivers
Increase in number of Surgeries:
Increase in all different types of treatments and surgeries like cardiovascular, gastric, urological, respiratory, chemotherapy and more in the present days is fuelling the Catheter Stabilization Device /Catheter Securement Devices Market. As it includes all different types of Catheter Stabilization Devices during or after the surgeries for giving intravenous fluids and blood transfusion and giving drugs to the patients to withdraw the urine and more.
The Catheter Stabilization Device /Catheter Securement Devices are needleless devices that offers proper securement, is safe, time saving process and is also a cost-effective which is becoming the major reason for the growth of the Catheter Stabilization Device /Catheter Securement Devices Market globally.
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Catheter Stabilization Device /Catheter Securement Devices Market Challenges
Cost of various products:
Market growth is poised to be hampered by high cost of products, in the above mentioned forecast period 2020-2025. Thus the increasing surgical applications of Catheter Stabilization Device /Catheter Securement Devices, along with the high cost associated with few RTLS solutions are poised to limit the market growth. Moreover, death awareness among the population of developing economies associated with catheterization is also considered as a factor hindering the market growth.
Catheter Stabilization Device /Catheter Securement Devices Market Industry Outlook
Product launches, mergers and acquisitions, joint ventures and geographical expansions are key strategies adopted by players in the the Catheter Stabilization Device /Catheter Securement Devices Market. In 2019, Catheter Stabilization Device /Catheter Securement Devices Market share is fragmented by the top ten players present in the market. Catheter Stabilization Device /Catheter Securement Devices Market top 10 players are C.R Bard, Inc, Merit Medical Systems, ConvaTec Group plc, Cardinal Health, B.Braun Melsungen AG, Smith’s Medical, DeRoyal Industries, Inc,M.C. Johnson Company, Centurion Medical Products,Dale Medical Products
In 2019, Dale Medical Supplies, Inc. launched Hold-n-place Catheter Securement supplies, which are build stabilizers and have a soft supportive and compact nature.
3M purchased Acelity Inc. in 2019 the transaction would further drive 3M as pioneer in specialized wound management and specialist surgical applications.
Geographically, North America Catheter Stabilization Device /Catheter Securement Devices Market accounted for the 31% revenue share in 2019 and it is predicted to dominate during the forecast period 2020-2025 owing to the high demand for Surgical Sealants and Adhesives in this region.
Increased demand for R&D made by the key players in a different region of the world are driving the market.
Detailed analysis on the Strength, Weakness and Opportunities of the prominent players operating in the market will be provided in the Catheter Stabilization Device /Catheter Securement Devices Market.
Increase in number of lifestyle diseases and increase in number of surgeries that may require these Catheter Stabilization Device /Catheter Securement Devices for the post operation care are driving the market during 2020-2025.
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