Catheter Stabilization Devices Market – Snapshot

A catheter stabilization device is a single-use device to secure catheter in position on the skin. It can be used in children and adults who need catheterization. A catheter is a long, flexible tube that is inserted in a vein or an artery through the skin. Catheter stabilization devices have gained popularity, as they offer stable securement for a catheter, unlike normal tapping or dressing. Rise in the incidence of urinary disorders among geriatric population is likely to drive the global catheter stabilization devices market in the near future.

catheter stabilization device market

The global catheter stabilization devices market is characterized by increase in the incidence of chronic diseases across the world. The market is expanding at a rapid pace, due to implementation of government guidelines about catheter securement. The global catheter stabilization devices market is projected to expand at a rapid pace from 2018 to 2026.

Increase in the geriatric population, which is prone to chronic diseases, large patient pool in developing countries requiring better health care facilities, and investments by public and private players in R&D on catheter stabilization devices to ensure elimination of catheter-associated infections and reduce the risk of catheter-related complications are key factors that are likely to drive the global catheter stabilization devices market during the forecast period. However, lengthy procedure of obtaining regulatory approval, significant investments required in the innovation of catheter stabilization devices, and lack of awareness about advantages of catheter securement during the catheterization procedure are likely to restrain the global market during the forecast period. Catheter stabilization devices are gaining popularity among health care professionals, as these have proved to be effective in reducing needlestick injuries and catheter-associated infections. Rising investments in the innovation in catheter stabilization devices and partnerships for co-development and commercialization of these devices are expected to fuel the global catheter stabilization devices market in the near future.

In terms of product, the global catheter stabilization devices market has been classified into CVC stabilization devices, PICC stabilization devices, abdominal stabilization devices, chest drainage tube stabilization devices, and others. The CVC stabilization devices segment is projected to dominate the market during the forecast period. Expansion of the segment can be attributed to the increase in adoption of CVC stabilization devices for central venous catheter (CVC) securement, as it is an inexpensive option as compared to other types of catheter stabilization devices. CVC stabilization devices are highly preferred in academic institutes for practical teaching about securement of central venous catheters. Moreover, presence of key companies, such as Interrad Medical, Inc., engaged in R&D and manufacture of innovative catheter stabilization devices boosts the global market. Furthermore, initiatives by public and private organizations are aimed at spreading awareness about health-care associated infections among people. The relatively stable growth rate of the CVC stabilization devices segment can be ascribed to the ‘no reimbursement policy’ in developing countries and stringent regulations regarding manufacture and approval. The abdominal stabilization devices segment is anticipated to expand at an above-average growth rate during the forecast period, despite high use of these devices by end-users. This is due to implementation of stringent guidelines by government organizations to reduce prevalence of catheter-associated urinary tract infection (CAUTI). Abdominal stabilization devices are predominantly used in hospitals in case of patients suffering from urinary incontinence. End-users are increasingly preferring the use of abdominal stabilization devices, due to rise in awareness among patients.

Based on end-user, the global catheter stabilization devices market has been classified into hospitals & ASCs, diagnostic centers & clinics, home care settings, and others. The hospitals & ASCs segment is expected to dominate the global catheter stabilization devices market during the forecast period. In terms of region, the global catheter stabilization devices market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America accounted for a major share of the global market in 2017. Europe was another significant market for catheter stabilization devices in 2017. Developed health care infrastructure, high rate of adoption of technologies, and relatively high paying capacity of patients in North America and Europe, compared to developing countries, offer growth opportunities to new market entrants. This results in high market share held by these regions. Considerable expansion of the medical industry in India and China and investments made by global companies in Asia Pacific for establishment of sales subsidiaries, in order to provide support and services to existing customers and attract new customers, are expected to propel the catheter stabilization devices market in Asia Pacific in the next few years.

Major players operating in the global catheter stabilization devices market are M. C. Johnson Company, Inc., B. Braun Melsungen AG, C. R. Bard, Inc. (Becton, Dickinson and Company), 3M Healthcare, ConvaTec, Inc., Smiths Group PLC, Merit Medical Systems, Inc., Centurion Medical Products, TIDI Products LLC, and Baxter International Inc.

Catheter Stabilization Devices Market - Overview

This report studies the current as well as future prospects of the global catheter stabilization devices market. Stakeholders of this report include companies and intermediaries engaged in the manufacture, commercialization, and provision of catheter stabilization devices and new players planning to enter the market. The report comprises an elaborate executive summary, along with a market snapshot, providing overall information on various segments considered in the scope of the study. The section also provides information and data analysis of the global catheter stabilization devices market in terms of product, end-user, and region.

The global catheter stabilization devices market has been segmented based on product, end-user, and region. In terms of product, the global market has been classified into CVC stabilization devices, PICC stabilization devices, abdominal stabilization devices, chest drainage tube stabilization devices, and others. Based on end-user, the global catheter stabilization devices market has been segregated into hospitals & ASCs, diagnostic centers & clinics, home care settings, and others. The hospitals & ASCs segment is expected to dominate the global catheter stabilization devices market during the forecast period.

Top-down approach has been employed for determining the size of the global catheter stabilization devices market, using various market indicators obtained from secondary sources, which included analysis of launched products and mapping of demand of catheter stabilization devices of top market players in specific regions. Approach has been used to derive the market size of different product segments, wherein market size of parent market was obtained through secondary sources and analyzed for sales by narrowing down to revenue percentage for product segment through extensive analysis of investor presentations, press releases, primary interviews, and others. Data triangulation is based on both secondary research (top-down and bottom-up approaches) and primary research. Moreover, historical year-on-year growth has been taken into consideration while estimating the market size. Market value and forecast, in terms of US$ Mn, for each segment has been provided for the period from 2016 to 2026. The report also provides compound annual growth rate (CAGR) in percentage for each segment for the forecast period from 2018 to 2026, considering 2017 as the base year.

The overview section of the report explores market dynamics such as drivers, restraints, opportunities, and key trends that have significant impact on the global catheter stabilization devices market and may influence it in the near future. Market attractiveness analysis has been provided to explain the intensity of competition in the market across regions. These analyses are likely to help market players take strategic decisions to strengthen their positions and grow their share in the global catheter stabilization devices market. The report also comprises epidemiological and hospital acquired infection overview.

In terms of region, the global catheter stabilization devices market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Market size and forecast for each of these regions have been provided for the period from 2016 to 2026, along with their respective CAGR for the forecast period from 2018 to 2026, considering 2017 as the base year. The report also provides market size and forecast for major countries in the above mentioned regions. A detailed qualitative analysis of factors responsible for driving and restraining the market and growth opportunities has been provided in the overview section.

Major players operating in the global catheter stabilization devices market are M. C. Johnson Company, Inc., B. Braun Melsungen AG, C. R. Bard, Inc. (Becton, Dickinson and Company), 3M Healthcare, ConvaTec, Inc., Smiths Group PLC, Merit Medical Systems, Inc., Centurion Medical Products, TIDI Products LLC, and Baxter International Inc.

The global catheter stabilization devices market has been segmented as follows:

Global Catheter Stabilization Devices Market, by Product

  • CVC Stabilization Devices
  • PICC Stabilization Devices
  • Abdominal Stabilization Devices
  • Chest Drainage Tube Stabilization Devices
  • Others

Global Catheter Stabilization Devices Market, by End-user

  • Hospitals & ASCs
  • Diagnostic Centers & Clinics
  • Home Care Settings
  • Others

Global Catheter Stabilization Devices Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia & New Zealand
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Israel
    • Rest of Middle East & Africa
.