Catheter Stabilization Devices Market Analysis, Size, Growth, Share, Trend,
Forecast 2022 – 2030
Catheter Stabilization Devices Market Growth & Trends
The global catheter stabilization devices market size is expected to reach USD 2.4 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 7.3% from 2022 to 2030. The increasing usage of catheters, growing demand for minimally invasive surgeries, increasing prevalence of lifestyle-related diseases, rising number of surgeries being performed, and population aging are key contributors to market growth.
Intravascular catheters have become an essential part of patient care in hospitals and other healthcare settings. According to the Joint Commission, 3 million central venous catheters (CVC) are used in the U.S. annually, and around 250,000 CVCs are used in the U.K. annually. However, the rising use of catheters increases the risk of bloodstream infections related to its usage. Dislodgement, migration, accidental removal, or occlusion of catheters may lead to infections and complications and may pose a risk to patient safety. Thus, the surging number of catheter placements is one of the key contributors to the growth of this market.
Growing awareness among healthcare professionals and the increasing need to reduce the burden of catheter-associated infections are also expected to boost the adoption of stabilization devices. Catheter securement is crucial for reducing related infections & complications and thus, is gaining
significance in patient care. Various national and government organizations, such as the CDC, Australia, and New Zealand Urological Nurses Society (ANZUNS), and Occupational Safety and Health Administration (OSHA), issue guidelines that recommend the use of securement devices in the treatment of patients.
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The emergence of COVID-19 had slowed the market growth. The reason for this is a shortfall of raw materials for manufacturing equipment, supply chain slowdowns, manufacturing, and supply unit shutdowns, and a decrease in inpatient admissions to medical facilities. The COVID-19-affected patients were given priority, which resulted in the cancellation and delaying of all surgical treatments
Catheter Stabilization Devices Market Report Highlights
The arterial securement devices segment held the majority of the revenue share in 2021 due to the frequent and widespread use of arterial catheters in modern healthcare practices
CVC securement devices are expected to exhibit the highest growth during the forecast period due to their increasing usage in cardiac procedures
Hospitals dominated the end-use segment in 2021 due to the large number of surgeries performed in hospitals and a high prevalence of infections
North America dominated the global catheter securement devices market owing to increasing awareness levels, aging population, and large usage of catheters
According to the Health Resources and Services Administration (HRSA), approximately 39,000 transplants were done in the U.S. in 2021. This statistic suggests a considerable demand for urinary catheter stabilization equipment, which is utilized in renal transplantation surgeries.
Catheter Stabilization Devices Market Segmentation
GrandViewResearchhassegmentedthecatheterstabilizationdevicesmarketbasedon products,end-use,andregion:
Catheter Stabilization Devices Products Outlook (Revenue, USD Million, 20172030)
ArterialSecurementDevices
CentralVenousCatheterSecurementDevices
PeripheralSecurementDevices
UrinaryCatheterSecurementDevices
ChestDrainageTubeSecurementDevices
OtherSecurementDevices
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Catheter Stabilization Devices End-use Outlook (Revenue, USD Million, 20172030)
Hospitals
HomecareSettings
Others
Catheter Stabilization Devices Regional Outlook (Revenue, USD Million, 20172030)
NorthAmerica o U.S. o Canada
Europe o Germany o U.K.
AsiaPacific o China o Japan
LatinAmerica o Brazil o Mexico
MiddleEast&Africa o SouthAfrica
List of Key Players of Catheter Stabilization Devices Market
C.R.Bard,Inc.
Baxter
CenturionMedicalProducts.
BBraunMelsungen
MeritMedical
Systems,Inc.
ConvaTec,Inc.
TIDIProductsLLC.
Smith’sMedical
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Grand View Research is a full-time market research and consulting company registered in San Francisco, California. The company fully offers market reports, both customized and syndicates, based on intense data analysis. It also offers consulting services to business communities and academic institutions and helps them understand the global and business scenario to a significant extent. The company operates across multitude of domains such as Chemicals, Materials, Food and Beverages, Consumer Goods, Healthcare, and Information Technology to offer consulting services.