DUBLIN--(BUSINESS WIRE)--The "Catheter Stabilization Device/Catheter Securement Device Market by Product (Arterial, CVS, Chest, Epidural, Peripheral (Nasogastric, Endotracheal, Foley), Application (Cardiovascular, Respiratory), End User - Global Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.
The Global Catheter Securement Devices Market is Projected to Reach USD 1.6 Billion by 2024 from USD 1.1 Billion in 2019, at a CAGR of 7.5% from 2019 to 2024.
The growth of the market is largely driven by factors such as the growing global prevalence of lifestyle diseases such as heart diseases, strokes diabetes, and the increasing healthcare expenditure across the countries. Developing economies are expected to provide a wide range of growth opportunities for players in the market.
Peripheral securement devices accounted for a significant share of the market in 2019
By product type, the catheter securement devices market is segmented into arterial securement devices, central venous catheter securement devices, peripheral securement devices, chest drainage tube securement devices, abdominal drainage tube securement devices, epidural securement devices and all site devices. The central venous catheter securement devices are the fastest growing segment due to the rising incidence of cardiovascular diseases such as strokes and heart diseases.
Cardiovascular procedures segment accounted for the largest share of the catheter securement devices market in 2019
On the basis of application, the catheter securement devices market is segmented into cardiovascular procedures, respiratory procedures, gastric procedures, general surgery, urological procedures, radiology procedures and others. Catheter securement devices are used for stabilizing the catheters. This is done to reduce any kinds of catheter-related infections. Such catheters are used in major procedures such as cardiovascular, respiratory, general surgeries.
Hospitals segment accounted for the largest share of the catheter securement devices market in 2019
On the basis of end user, the catheter securement devices market is segmented into hospitals, home care settings, emergency clinics and diagnostic centers. Of all these end-user segments, hospitals accounted for the largest share of the catheter securement devices market in 2019. The large share of this segment can be attributed to factors such as the rapidly growing aging population, the higher surgeries performed in the hospital settings and the increasing reimbursements in the hospital settings.
North America dominated the catheter securement devices market in 2019
North America, which includes the US, & Canada, accounted for the largest share of the catheter securement devices market. The growth in this market is primarily driven by the rising geriatric population, favourable government initiatives, increasing healthcare expenditure, improved healthcare infrastructure coupled with the rising prevalence of lifestyle diseases.
- 3M Company
- B Braun Melsungen AG
- Baxter International
- C.R. Bard (Becton Dickinson and Company)
- Cardinal Health, Inc.
- Centurion Medical Products (Medline)
- Convatec, Inc.
- Mc Johnson Company Inc.
- Merit Medical Systems Inc.
- Smiths Group PLC
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