(MoneyNewsWire.Net, January 03, 2018 ) According to the report Catheter Stabilization Devices Market, published by Market Data Forecast, the Global market is projected to reach USD 1.4 billion by 2022, at a CAGR of 7.3% from 2017 to 2022
Catheters are thin tubes inserted in the body to perform a surgical procedure. They are used in urological, cardiovascular, ophthalmic and in other medical fields. Catheter stabilization is ensuring that the catheter retains its position on the patient skin during the surgical procedure. In general catheters are used to inject or extract body fluids to the patient. The catheter orientation at the site of insertion improves the stability of the catheter.
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Catheter Stabilization Devices Market: Drivers & Restraints
Growing demand and preference for minimally invasive surgeries, increasing number of cardiovascular surgeries and increasing number of people with expendable incomes are the major factors driving the market growth. Growing adult population who are subjected to several diseases and increasing availability of healthcare are also expected to drive the market growth.
However, availability of alternate devices and possible infections due to the usage of catheters are hindering the market growth.
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Catheter Stabilization Devices Market: Segmentation
• Gastric and Oropharyngeal
• Radiology General Surgery
• Other Applications
• Peripheral Securement Devices
• Abdominal Drainage Tubes Securement Devices
• Arterial Securement Devices
• Epidural Securement Devices
• Chest Drainage Tube Securement Devices
• Central Venous Catheter Securement Device
• All-site Devices
By End User
• Home Healthcare Providers
• Emergency Clinics
• Diagnostic Centres
• North America
o United States
• Asia Pacific
o South Korea
• Latin America
o Rest of Latin America
• Middle East & Africa
o Middle East
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Catheter Stabilization Devices Market: Overview
Based on applications, cardiovascular surgeries or treatments hold the largest market share. It is because of the increasing number of cases undergoing surgeries in this field. Based on the product, Peripheral Securement Devices hold the largest market share. Majority of the catheters are inserted peripherally so that the catheter should easily resist the dislodgement forces. Hospitals are expected to be the largest market segment based on end users due to the large number of surgeries being conducted on a daily basis.
North America leads the Catheter Stabilization Devices market due to the high adoption rate of recent technological advancements in this region. Presence of gold standard healthcare infrastructure also drives the market growth. Asia Pacific is expected to be the fastest growing market due to the huge population base and improving healthcare sector and health awareness in this region.
Catheter Stabilization Devices Market: Key Players
Key players operating in the Catheter Stabilization Devices market are Medtronic plc (U.S.), 3M Company (U.S.), B. Braun Melsungen AG (Germany), ConvaTec Inc. (U.S.), C. R. Bard, Inc. (U.S.), Baxter International, Inc. (U.S.) ,Smiths Group plc (U.K.), Centurion Medical Products (U.S.), Merit Medical Systems, Inc. (U.S.), and M.C. Johnson Company, Inc. (U.S.).
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