This report aims to provide detailed insights into the global Catheter Stabilization Device Market. It provides valuable information on the type, procedure, application, and region in the market. Furthermore, the information for these segments, by region, is also presented in this report. Leading players in the market are profiled to study their product offerings and understand the strategies undertaken by them to be competitive in this market.
Expected Revenue Growth: The global catheter securement devices market is projected to reach USD 1.90 billion by 2025 from USD 1.18 billion in 2020, at a CAGR of 10.0% from 2020 to 2025. The emerging economies such as India and China are expected to provide a wide range of growth opportunities for players in the market which is driven by growing incidences of heart and other life style diseases.
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Peripheral securement devices segment is expected to hold the largest share of the market in 2020
The catheter securement devices market, based on type, is segmented into peripheral, arterial, central, chest drainage, abdominal drainage, epidural, and all-site securement devices. The peripheral catheter securement devices segment dominated this market in 2019. The peripheral catheters are the most widely used products and thus the use of securement devices for these catheters is significant.
Increasing use of catheter securement devices in cardiovascular and respiratory procedures in 2019
Based on application, the catheter securement devices market is segmented into respiratory procedures, cardiovascular procedures, gastric and oropharyngeal procedures, general surgery, radiology, urological procedures, and other applications. In 2019, the cardiovascular procedures segment accounted for the largest market share owing to the fact that several CVD and heart diseases are on the rise and have prevalence in developing as well as developed markets.
North America is expected to hold the highest share in 2020
The catheter securement devices market in North America is expected to grow at a steady pace in the coming years. There has been a tremendous increase in the use of these devices in routine operating procedures. Placed of catheters for fluid transmissions requires the need for securement devices to avoid infections. Increasing investment in healthcare in the developing economies such as India is also creating opportunities for market players to enter into these markets.
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Key Market Players
The major players operating in the catheter securement devices market include 3M (US), C.R. Bard, Inc. (US), ConvaTec Group plc (UK), Merit Medical Systems (US), B. Braun Melsungen AG (Germany), DeRoyal Industries, Inc. (US), Cardinal Health (US), Baxter International Inc. (US), Smiths Medical (US), Centurion Medical Products (US), M.C. Johnson Company, Inc. (US), Dale Medical Products, Inc. (US), TIDI Products, LLC (US), BioDerm Inc. (US), Starboard Medical, Inc. (US), Pepper Medical (US), Adhezion Biomedical LLC (US), Marpac (US), Cryo-Push Medical Technology Co., Ltd. (China), MERMAID MEDICAL A/S (Denmark), Interrad Medical (US), Owens Minor, Inc. (US), and Bird Cronin Inc. (US).
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