Catheter Stabilization Securement Device Market
Catheter Stabilization /Securement Devices Market By Product Type (Arterial Stabilization, Foley Stabilization, Peripheral/CVC Stabilization, Multipurpose Stabilization, Epidural Stabilization, And Others), and By End User (Hospitals, Homecare Settings, and Others), By Geography Forecast is expected to grow at a steady CAGR Forecast till 2027 owing to Increasing Demand for Minimally Invasive Surgeries and Increasing Prevalence of Chronic Diseases
Global Catheter Stabilization /Securement Devices Market was valued at USD 1.43 billion in 2021, growing at a CAGR of 6.34,% during the forecast period from 2022 to 2027 to reach USD 2.07 billion by 2027. Factors such as the rising demand for minimally invasive surgeries, increasing prevalence of chronic diseases, such as cardiovascular diseases, renal failure, & cancers, growing volume of surgical procedures that may require these devices for postoperative care, and the rising requirement for reducing catheter-associated complications & infections are expected to drive the catheter stabilization/securement devices market.
Catheter Stabilization/Securement Devices Market Dynamics:
One of the major factors driving the catheter stabilization/securement devices market is the rising requirement for these devices in order to reduce catheter-associated complications & infections. Catheters form an integral part of medical system due to their expanded use in both disease diagnosis and treatment. These devices are used in the administration of medications, parenteral nutrition, IV fluids, and hemodynamic status monitoring.
In addition, the growing prevalence of urinary diseases, such as urinary retention, cystitis, urinary incontinence, kidney stones, and other diseases & disorders that lead to bladder dysfunction, have also aided in the rising demand for catheters. As per the National Association for Continence, which is based in the United States mentioned that around 33 million people in the U.S. suffer from some form of incontinence, where in they are treated the usage of foley catheters.
As per the data published in the book, “A Global Challenge, A Global Perspective”, originally published by the Joint Commission, a non-profit organization, in the United States, it is estimated that almost 300 million catheters are used each year; nearly 3 million of these are central venous catheters (CVCs), also known as central lines. Furthermore, the data presented that an estimated 80,000 Central Line-Associated Bloodstream Infections (CLABSIs) occur in intensive care units in the US every year.
One of the major factors driving the catheter stabilization and securement devices market is the rising number of cases associated with catheter usage. The Center for Disease Prevention and Control recommend the utilization of securement devices in order to reduce the risk of intravascular catheter-related infections.
Additionally, the increasing preference for minimally invasive procedures have also led to the growing demand for catheter stabilization/securement devices as they are majorly sutureless devices/patches that help in holding the catheter in place thereby minimizing the chances of catheter dislocation.
The fact that almost all major chronic indications as well as any sort of medical procedure may require the application of various catheters, which in turn, require securement products, is expected to drive the market forward.
However, non-availability of the required healthcare infrastructure in developing economies, lack of awareness regarding the use of catheter stabilization devices may prove to be certain restraints to the catheter stabilization/securement devices market growth.
Catheter Stabilization/Securement Devices Segment Analysis:
Catheter Stabilization /Securement Devices by Product Type (Arterial Stabilization, Foley Stabilization, Peripheral/CVC Stabilization, Multipurpose Stabilization, Epidural Stabilization, and Others), Catheter Stabilization /Securement Devices by End User (Hospitals, Homecare Settings, And Others), and Catheter Stabilization /Securement Devices by Geography (North America, Europe, Asia-Pacific, and Rest of the World).
In product segment of the catheter stabilization/securement devices market, the multipurpose catheter securement devices segment is expected to account for the largest market share during the forecast period. Catheter securement devices are used to prevent catheter migration, catheter loss, and also help in the stabilization of the catheter lumen(s). The multipurpose catheter securement devices find their application in the securement of various catheters, tubes such as chest tubes, drainage tubes and other, large, medical tubes along with peripheral catheters, CVCs, dialysis, and epidural catheters. Due to their versatile application in securing different kinds of catheters as well as tubes catering to different anatomical regions, their demand is expected to be the highest among other product types in the forecast period.
In 2019, Hold-n-Place Catheter Securement Products- engineered stabilization devices (ESD) and feature a soft, comfortable, & a flexible design were introduced by Dale Medical Products.
North America is expected to dominate the overall Catheter Stabilization/Securement Devices Market:
Among all the regions, North America is expected to account for the largest share in the catheter stabilization/securement devices market. North America is predicted to dominate the catheter stabilization device/catheter securement devices market because of the high number of surgeries, increase in the demand for stabilization devices, supportive healthcare infrastructure, among other factors in the region.
As per the data provided by Parkinson’s Foundation (2021), about one million people are living with the Parkinson’s disease (PD) in the US. This is expected to rise to 1.2 million by 2030. It has been estimated that approximately 60,000 Americans are diagnosed with PD each year. Near about four percent of people with PD are diagnosed before age 50.
According to the Centers of Disease Prevention and Control (CDC), in 2019, there were about 61,000 traumatic brain injury (TBI)-related deaths in the United States. These statistics point toward the rising number of cases associated with neurological disorders.
Furthermore, as per the data provided by the Urology Care Foundation, in 2021, approximately 33 million Americans suffer from overactive bladder (also known as OAB) which represents symptoms of urgency, frequency and with or without urge incontinence. In this indication, patients fail to control the urge to urinate and may require assistance of urinary incontinence devices such as foley catheters.
Considering the presence of large patient pool in the US as well as supportive reimbursement programs the prospects of growth of the catheter stabilization/securement devices look promising in the United States, and North America.
Catheter Stabilization/Securement Devices Market Key Players:
Some of the key market players operating in the catheter stabilization/securement devices market includes BD, B. Braun Melsungen AG, Cardinal Health, ConvaTec, Biodermic Inc, Merit Medical, CONMED Corporation, Starboard Medical Inc, Adhezion Biomedical, Dale Medical Products, Inc., Baxter, 3M, Smiths Medical, Marpac and others.
Recent Developmental Activities in Catheter Stabilization/Securement Devices Market:
- In October 2019, CATHETRIX launched a Foley catheter securement device. FoleySafe safely prevents surgery and expensive hospitalization. The device has been patented and has received U.S. FDA and EU CE Mark clearances.
- In June 2018, Interrad Medical received 510k clearance from the US Food and Drug Administration for their SecureCath device.
Key Takes Away from the Catheter Stabilization/Securement Devices Market Report Study
- Market size analysis for current market size (2021), and market forecast for 5 years (2022-2027)
- The effect of the COVID-19 pandemic on this market is significant. To capture and analyze suitable indicators, our experts are closely watching the catheter stabilization/securement devices market.
- Top key product/services/technology developments, merger, acquisition, partnership, joint venture happened for last 3 years
- Key companies dominating the Global Catheter Stabilization/Securement Devices Market.
- Various opportunities available for the other competitor in the Catheter Stabilization/Securement Devices Market space.
- What are the top performing segments in 2021? How these segments will perform in 2027.
- Which is the top-performing regions and countries in the current catheter stabilization/securement devices market scenario?
- Which are the regions and countries where companies should have concentrated on opportunities for the catheter stabilization/securement devices market growth in the coming future?
Target Audience who can be benefited from this Catheter Stabilization/Securement Devices Market Report Study
- Catheter Stabilization/Securement Devices products providers
- Research organizations and consulting companies
- Catheter Stabilization/Securement Devices-related organization, association, forum, and other alliances
- Government and corporate offices
- Start-up companies, venture capitalists, and private equity firms
- Distributors and Traders dealing in catheter stabilization/securement devices
- Various End-users who want to know more about the Catheter Stabilization/Securement Devices market and latest technological developments in the Catheter Stabilization/Securement Devices market.
Frequently Asked Questions for Catheter Stabilization/Securement Devices Market:
What is a Catheter Stabilization/Securement Device?
A catheter stabilization or a securement device is a type of device which helps in holding the catheter and different types of medical tubes in place in order to eliminate the chances of sudden pull of the catheter/tubes.
What is the market for Global Catheter Stabilization/Securement Devices?
Global Catheter Stabilization /Securement Devices Market was valued at USD 1.43 billion in 2021, growing at a CAGR of 6.34,% during the forecast period from 2022 to 2027 to reach USD 2.07 billion by 2027.
What are the drivers for Global Catheter Stabilization/Securement Devices Market?
The major drivers of the global catheter stabilization/securement devices market are the growing demand for minimally invasive surgeries, growing number of surgical procedures, and rising prevalence of chronic diseases among other factors.
What are the key players operating in Global Catheter Stabilization/Securement Devices Market?
Some of the prominent market players operating in the catheter stabilization/securement devices market includes BD, B. Braun Melsungen AG, Cardinal Health, ConvaTec, Biodermic Inc, Merit Medical, CONMED Corporation, Starboard Medical Inc, Adhezion Biomedical, Dale Medical Products, Inc., Baxter, 3M, Smiths Medical, Marpac and others.
What region has the highest share in Catheter Stabilization/Securement Devices market?
North America is expected to dominate the overall Catheter Stabilization/Securement Devices market during the forecast period, 2022 to 2027. This high growth in revenue by the region can be attributed to the well-established healthcare system and policies in the region which in turn boost the demand for surgical procedures and increased patient load in terms of more people seeking medical care.