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Report Overview
2023
Base Year
2017-2023
Historical Year
2024-2032
Forecast Year
Global Catheter Stabilization Device/Catheter Securement Device Market Outlook
The catheter stabilization device/catheter securement device industry attained a value of more than USD 1.32 billion in 2023 and expected to grow in the forecast period of 2024-2032 at a CAGR of around 7.3% to reach USD 2.49 billion in 2032.
North America is the fastest-growing market and is likely to grow at a rapid pace in the forecast period as well. The rising cases of bladder dysfunction are primarily driving the market growth.
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Market Segmentation
Catheter refers to a medical device consisting of a thin, flexible tube that is placed in the body and collects urine, blood, and gases from the body. For temporary storage, the drainage bag is tied to it. Catheter stabilizers are essential for people who cannot empty their bladders normally. This helps maintain a healthy bladder and kidney and prevents infection and reduces leaks.
On the basis of type, the market can be divided into:
- Peripheral Catheter
- Central Venous Catheter
- Arterial Catheter
- Chest Drainage Tube
- Abdominal Drainage Tube
- Epidural
- All-Site
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Peripheral devices can be further divided into:
- Foley Catheter
- Nasogastric Tube
- Endotracheal Tube
- Ventriculoperitoneal
- Continuous Nerve Block Catheter
- Midlines
Central venous devices are classified into:
- Portal
- PICC
- Subclavian
- Femoral
- Jugular
Abdominal drainage tube securement devices can be segmented into:
- Percutaneous Endoscopic Gastrostomy
- Jejunal Catheter
- Umbilical Catheter
The market can be broadly categorised on the basis of its applications into:
- Cardiovascular Procedures
- Respiratory Procedures
- Gastric and Oropharyngeal Procedures
- General Surgery
- Urological Procedures
- Radiology
- Others
The EMR report looks into the regional markets like North America, Latin America, Europe, the Middle East, and Africa, and the Asia Pacific.
Market Analysis
The market drivers include an increase in the demand for minimally invasive procedures; a high number of lifestyle diseases, like cardiovascular conditions, renal insufficiency, and cancers; increasing numbers of operations which may involve postoperative treatment; and the growing need to minimize complications and infections associated with the catheter are expected to push the market growth further. The rising rate of hospitalization is further driving the market growth.
The increasing geriatric population is likely to drive the growth of the industry. The shift in consumer preference to alternative products could be a barrier to the market growth.
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Competitive Landscape
The report presents a detailed analysis of the following key players in the global catheter stabilization device/catheter securement device industry, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- 3M Company [NYSE: MMM]
- B Braun Melsungen AG
- Baxter International
- Becton, Dickinson and Company
- Medline Industries
- Convatec, Inc.
- Mc Johnson Company Inc.
- Merit Medical Systems Inc.
- Cardinal Health, Inc.
- Others
The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2017-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Application |
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| Breakup by End Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the global catheter stabilization device/catheter securement device market attained a value of nearly USD 1.32 billion.
The market is projected to grow at a CAGR of 7.3% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 2.49 billion in 2032.
The major drivers of the market, such as the increased demand for minimally invasive procedures, growing prevalence of various lifestyle diseases, improving healthcare facilities, growing numbers of operations and surgeries, increasing hygiene awareness, and the growing geriatric population, are expected to aid the market growth.
The key trends guiding the growth of the market include the launch improved products, increasing research and development activities, and growing technological advancements.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Peripheral catheter, central venous catheter, arterial catheter, chest drainage tube, abdominal drainage tube, epidural, and all-site securement devices are the leading catheter stabilization device/catheter securement device types in the market.
The major applications of the product include cardiovascular procedures, respiratory procedures, gastric and oropharyngeal procedures, general surgery, urological procedures, and radiology, among others.
Hospitals, homecare settings, emergency clinics, and diagnostic imaging centres are the significant end use segments in the market.
The major players in the global catheter stabilization device/catheter securement device market are 3M Company, B Braun Melsungen AG, Baxter International, Becton, Dickinson and Company, Medline Industries, Convatec Inc., Mc Johnson Company Inc., Merit Medical Systems Inc., and Cardinal Health Inc., among others.
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