ALBANY, N.Y., Sept. 15, 2020 /PRNewswire/ -- The use of catheter stabilization devices is crucial to minimizing catheter-related complications. Rising number of patients with chronic diseases, notably geriatrics, has spurred the demand for catheterization procedure, hence the scope in the catheter stabilization devices market.
Rise in adoption of CVC stabilization devices for central venous catheter (CVC) securement for research and clinical purposes is a key trend boosting the expansion in the market.
From 2018 to 2026, the global CVC stabilization devices market is anticipated to clock CAGR of 5.6%.
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Key Findings of Catheter Stabilization Devices Market Report
- Among the various end users, hospitals & ASCs are expected to remain the leading segment in the catheter stabilization devices market during the forecast period.
- Of all the key regional segments, North America held the leading market share in 2017
- Europe is also a promisingly lucrative market
- CVC stabilization devices are the leading product segment and are expected to remain so throughout the forecast period
- Abdominal stabilization devices are expected to see rapid uptake in healthcare industry across the market
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Catheter Stabilization Devices Market: Key Driving Factors and Promising Avenues
- Catheter stabilization devices are extensively being utilized in urinary procedures to ensure reliable catheter placement, hence reduce the risk of catheter-associated infections among patients as well as healthcare workers.
- Growing patient pool with chronic diseases is boosting the prospect
- Over the past few years, there has been extensive demand for urinary catheters in ASCs and hospital settings, thus propelling the demand for such devices.
- Prevalence of cardiovascular disorders in large proportion of global population has spurred the demand for catheterization, thereby bolstering the rapid expansion of the catheter stabilization devices market.
- Advancements in techniques of catheterization for diagnostics and therapeutics have been spurring the use of catheter stabilization devices.
- A sizable demand come from the use of central venous catheter (CVC) securement techniques.
- Stringent implementation of regulations regarding manufacture and approval of new devices shape the competitive landscape in the catheter stabilization devices market.
Explore 170 pages of top-notch research, incisive insights, and detailed country-level projections on Catheter Stabilization Devices Market (Product - CVC Stabilization Devices, PICC Stabilization Devices, Abdominal Stabilization Devices, Chest Drainage Tube Stabilization Devices; End user - Hospitals and ASCs, Diagnostic Centers and Clinics, Home Care Settings) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2026 at https://www.transparencymarketresearch.com/report-toc/5345
Catheter Stabilization Devices Market: Regional Landscape
Presence of some of the globally prominent players in the catheter stabilization devices market has made North America a highly lucrative region. Proliferation in catheter-associated procedures is a key trend cementing the potential of the regional market, especially in the U.S. Advances in techniques especially related to patients suffering from urinary incontinence are spurring the expansion of this regional market.
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The revenue potential of North America market is also bolstered by research and development activities in reducing the rate of catheter associated infections.
Europe is also a promising regional market, driven by rise in spending on healthcare infrastructure. The region is seeing considerable uptake of cutting-edge catheter stabilization devices.
Some of the top companies in the aforementioned markets are M.C. Johnson Company, Inc., Smiths Group PLC, Centurion Medical Products Corporation, Merit Medical Systems, Inc., and Becton, Dickinson & Company.
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The Catheter Stabilization Devices Market can be segmented as follows:
- CVC Stabilization Devices
- PICC Stabilization Devices
- Abdominal Stabilization Devices
- Chest Drainage Tube Stabilization Devices
- Hospitals and ASCs
- Diagnostic Centers and Clinics
- Home Care Settings
- North America
- Rest of Europe
- Middle East and Africa
- GCC Countries
- South Africa
- Rest of Middle East and Africa
- Asia Pacific
- Australia and New Zealand
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
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