Catheter Stabilization Devices Market accounted for US$ 1.58 billion in 2020 and is estimated to be US$ 3.24 billion by 2030 and is anticipated to register a CAGR of 7.50%. Catheter stabilization devices are primarily used in general surgeries, cardiovascular diseases, cancer treatment surgeries, and other procedures. This device has benefits such as it helps to lower the risk of catheter migration, dislodgement, and phlebitis. Thus, use of this device reduces the chances and threat of needle-stick injuries and also reduces any catheter-associated complications. As of now, advancement in technology has led catheter stabilization device to the next level and thus the use of this has increased in the clinics, ambulatory surgical centers, and hospitals. Therefore, the global market of catheter stabilization devices will witness significant growth within the forecast period.
The report “Global Catheter Stabilization Devices Market, By Product Type (Chest Drainage Tube Stabilization Devices, Arterial Stabilization Devices, Central Venous Catheter Stabilization Devices, Peripheral Stabilization Devices, Urinary Catheters Stabilization Devices, and Others), By Application (Urological Procedures, Cardiovascular Procedures, Cancer Procedures, General Surgery, and Other Applications), By End User (Clinics, Ambulatory Surgery Centers, Hospital, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa) - Trends, Analysis and Forecast Till 2030”
Key Highlights:
· In 2018, the company launched PICC/CVC securement, device CHG Dressing, and Tegaderm Antimicrobial I.V. Advanced Securement Dressing. These products are designed for patients that are connected to a catheter for central and peripheral venous infusions. 3M’s new products are a combination of a securement device along with a base dressing, which helps in maintaining the catheter securely for a longer period of time.
Analyst View:
To tap into emerging markets, the manufacturers’ of catheter stabilization devices are continuously focusing on research and development to maintain its global presence. For instance, on 3rd October 2016, B. Braun Medical Inc. introduced a new STEADYcare extension with wedge catheter stabilizer. This catheter stabilization device helps to lower the catheter movement in the vessels, uphold the catheter insertion angle, and limit the patient’s connector’s skin contact, as well as improve stabilization with the lower the risk of any further complications. Moreover, guidelines published by CDC, Occupational Safety and Health Administration (OSHA) and Australia and New Zealand Urological Nurses Society (ANZUNS) on the use of catheter stabilization devices is expected to fuel the global market growth during the forecast period.
Furthermore, rising prevalence of a number of diseases and infection such as cardiovascular diseases, urinary tract infections, cancers, and other lifestyle diseases is a key factor driving the market growth. For instance, according to the World Health Organization (WHO), cancer is the second most disease cause of death world widely and responsible for around 8.8 million people’s deaths in 2015.
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Key Market Insights from the report:
The Global Catheter Stabilization Devices Market accounted for US$ 1.58 billion in 2020 and is estimated to be US$ 3.24 billion by 2030 and is anticipated to register a CAGR of 7.50%. The global of catheter stabilization devices market has been categorized based on product type, application, end user, and region.
· On the basis of product type, the Global Catheter Stabilization Devices Market is segmented into chest drainage tube stabilization devices, arterial stabilization devices, central venous catheter stabilization devices, peripheral stabilization devices, urinary catheters stabilization devices, and others.
· On the basis application, the Global Catheter Stabilization Devices Market is segmented into urological procedures, cardiovascular procedures, cancer procedures, general surgery, and other applications.
· On the basis of end-user, the Global Catheter Stabilization Devices Market is segmented into clinics, ambulatory surgery centers, hospital, and others.
· Based on region the Global Catheter Stabilization Devices Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is estimated to hold dominating position in the Global Catherter Stabilization Devices Market during the forecast period.
Competitive Landscape:
Some of the major players in the global market of catheter stabilization device include B. Braun Melsungen AG, 3M Company, C. R. Bard, Inc., Smith’s Group Plc., Baxter International, Inc., ICU Medical, Inc., Merit Medical Systems, Inc., and others.
The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.
