Catheter Stabilization Device Market Size, Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027
Report ID: GMI3448
Catheter stabilization device market size is expected to grow significantly from 2019 to 2025.
The catheter stabilization device market will witness substantial growth over the forecast timeframe owing to the rising prevalence of cardiac, respiratory, gastro, and urological disorders. As per the World Health Organization, around 31% of the deaths across the world occur due to cardiac diseases and the number is further predicted to increase in the near future. Moreover, the availability of superior-quality catheter stabilization devices will increase their adoption, rendering significant a positive impact on industry growth.
A favorable regulatory scenario is predicted to favor the use of catheter stabilization devices. In 2017, CDC issued guidelines regarding proper maintenance of intravenous catheters. Such government regulations ensure the availability of superior-quality and safe products, propelling their demand over the analysis period. However, high risks associated with catheters stabilization devices may impede its growth to some extent.
The arterial catheter securement segment accounted for a significant revenue share in 2018 and is forecast to witness lucrative growth from 2019 to 2025. The growing adoption of arterial catheters for monitoring blood pressure and the collection of arterial blood samples in critically ill patients will propel their demand. Moreover, the advent of technologically sound catheter securement devices to reduce the risks associated with the usage of such catheters will boost segmental growth.
The cardiovascular procedures segment will witness significant growth during the forecast period due to the increasing burden of cardiac diseases across the globe. The aging population and favorable demographic trends, such as increasing life expectancy, will further escalate the prevalence of cardiac diseases. As the cardiac catheterization is widely used for diagnosis as well as the assessment of cardiac diseases, its increasing prevalence will augment cardiovascular procedure segment growth.
The hospital segment will witness robust growth over the forthcoming years. Increasing hospitalization due to the rising prevalence of chronic diseases will fuel the demand for catheter stabilization devices in hospitals. The availability of skilled medical professionals and required hospital infrastructure will maintain the existing patient inflow in hospitals. However, the growing preference for treatment in a home-like environment will hamper hospital segment growth to some extent over the foreseeable future.
The North America catheter stabilization device market held a considerable revenue share in 2018 and is estimated to witness a robust growth throughout the analysis period. Increase in healthcare expenditure and rising prevalence of chronic diseases due to changing lifestyles will boost the demand for catheters securement devices. Moreover, the availability of technologically-superior products and a strong foothold of leading industry players will foster regional growth.
Some of the major players operating in catheter stabilization device industry include B. Braun, Smith Group, 3M Company, C. R. Bard, Inc., ConvaTec Inc., Baxter International, Inc., and M.C. Johnson Company, Inc. Market players are adopting strategies such as novel product launches, partnerships, and acquisitions to garner a higher market share and sustain market competition. For instance, In July 2016, B. Braun launched an innovative securement device, STEADYCare extension set with a wedge catheter stabilizer.
Catheter Stabilization Device Market, By Product, 2014-2025 (USD Million)
- Arterial Securement Device
- Peripheral Securement Devices
- Chest Drainage Tube Securement Devices
- Central Venous Catheter Securement Devices
Catheter Stabilization Device Market, By Application, 2014-2025 (USD Million)
- Urological Procedures
- Respiratory Procedures
- Cardiovascular Procedures
- Gastric and Oropharangeal Procedures
Catheter Stabilization Device Market, By End-user, 2014-2025 (USD Million)
- Diagnostic Center
The above information is provided for the following regions and countries:
- North America
- Asia Pacific
- South Korea
- Latin America
- Middle East and Africa
- Saudi Arabia
- South Africa
- Smith Group
- 3M Company
- C. R. Bard, Inc.
- ConvaTec Inc.
- Baxter International, Inc.
- Centurion Medical Products
- Merit Medical Systems
- TIDI Products, LLC
- M.C. Johnson Company, Inc.
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