Catheter Stabilization Devices Market: Hospitals Segment is Also Expected To Continue Its Dominance With The Fastest Growth Rate
Catheter Stabilization Devices Industry Overview
The global catheter stabilization devices market size was valued at USD 1.2 billion in 2021 and is projected to grow at a compound annual growth rate (CAGR) of 7.3% during the forecast period 2022-2030. Factors such as increasing demand for minimally invasive surgeries; high prevalence of lifestyle diseases, such as cardiovascular diseases, renal failure, & cancers; increase in the number of surgeries that may require these devices for postoperative care; and an increase in need to reduce catheter-associated complications & infections are expected to drive the market. Population aging also contributes to an increased need for use of these devices. The World Health Organization (WHO) declared the COVID-19 to be an emergency health crisis. The healthcare industry had been badly impacted by the pandemic issue. Intubation was one of the most important procedures for handling COVID-19 patients.
The rise in the number of corona patients had increased the demand for ventilators, intubation, & ventilation stabilization equipment such as catheter stabilization devices. IVIG (Intravenous immunoglobin) was used as supportive therapy for COVID 19 patients. which adds to the increased demand for catheter stabilizing equipment to lessen the risks associated with catheter movement.
However, due to the relaxation of COVID-19 lockdown restrictions, the opening of production plants, and ongoing patient visits, the health service has resumed its normal pace. The Catheter Stabilization sector is expected to return to normal in the near future as a result of the recent introductions of Catheter Stabilization/Security devices.
Gather more insights about the market drivers, restrains and growth of the Global Catheter Stabilization Devices market
The use of intravascular catheters is an integral part of modern healthcare across the globe. These have become an essential component in hospitals & clinics with a rise in their usage. 3M in one of its articles stated that hospitals and clinics purchase more than 150 million of these devices each year for the administration of medications, IV fluids, parenteral nutrition, and hemodynamic status monitoring. It also estimates that more than 5 million central intravascular catheters are placed every year. The prevalence of urinary diseases, such as cystitis, urinary retention, urinary incontinence, benign prostate hyperplasia, kidney stones, and other diseases & disorders that lead to bladder dysfunction, is constantly increasing. The National Association for Continence states that around 25 million people in the U.S. suffer from some form of incontinence. The demand for these devices for the management of patients suffering from urinary diseases is increasing. Thus, the growing use of these globally in various application areas is anticipated to ultimately contribute to the increasing usage of stabilization devices.
The Joint Commission in its monograph, “A Global Challenge, A Global Perspective”, states that an estimated 80,000 Central Line-Associated Bloodstream Infections (CLABSIs) occur in ICUs each year in the U.S. The number increases to 250,000 cases of CLABSIs each year if patients outside the IUs are included as well. An increase in cases of such infections is one of the key factors driving the need for their proper and effective securement. The CDC recommends the use of securement devices to reduce the risk of intravascular catheter-related infections. Australia and New Zealand Urological Nurses Society (ANZUNS) in its catheterization clinical guidelines recommends that the best practice for the management of indwelling catheters is the usage of a securement device.
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Catheter Stabilization Devices Market Segmentation
Grand View Research has segmented the catheter stabilization devices market based on products, end-use, and region:
Catheter Stabilization Devices Products Outlook (Revenue, USD Million, 2017 - 2030)
- Arterial Securement Devices
- Central Venous Catheter Securement Devices
- Peripheral Securement Devices
- Urinary Catheter Securement Devices
- Chest Drainage Tube Securement Devices
- Other Securement Devices
Catheter Stabilization Devices End-use Outlook (Revenue, USD Million, 2017 - 2030)
- Hospitals
- Homecare Settings
- Others
Catheter Stabilization Devices Regional Outlook (Revenue, USD Million, 2017 - 2030)
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa (MEA)
Market Share Insights:
- November 2021: CATHETRIX, an advanced manufacturer of urinary (Foley) smart catheter fixations, demonstrated their novel catheter stabilizer for preventing UTIs and unexpected Foley catheters extractions at MEDICA 2021 in Dusseldorf, Germany.
Key Companies profiled:
Some of the prominent players operating in the global catheter stabilization devices market include:
- R. Bard, Inc.
- Baxter
- 3M
- Centurion Medical Products
- B Braun Melsungen AG
- Merit Medical
- Systems, Inc.
- ConvaTec, Inc.
- TIDI Products LLC
- Smith’s Medical
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