Research Nester released a report titled “Global Catheter Securement & Stabilization Device Market: Global Demand Analysis & Opportunity Outlook 2027” which delivers detailed overview of the global catheter securement and stabilization device market in terms of market segmentation by product, by end user and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
The market for catheter securement and stabilization devices is anticipated to witness a significant CAGR during the forecast period, i.e., 2019-2027. The market is segmented by product, by end user and by region, out of which, the end user segment is further segmented into hospitals, ambulatory surgical centers, clinics, home care and others. On the basis of end user, the hospitals segment is estimated to hold the largest share in the market on account of rising patient population at hospitals. This can be attributed to the high demand for better patient outcomes and rising prevalence of chronic health disorders. As per the Centers for Disease Prevention and Control, every patient using urinary catheter has a 3% to 7% increased risk of developing a catheter-associated urinary tract infection (CAUTI).
The largest share in global catheter securement and stabilization device market is anticipated to be held by the North America region. The rising healthcare advancements resulting in development of improved devices such as the catheter stabilizing devices is estimated to lead to this market growth during the forecast period. Further, the market in Asia Pacific region is anticipated to grow at the highest rate as a result of growing number of patients and increasing requirement for safer healthcare procedures.
Rising Demand for Better Catheter Stabilization to Drive the Market Growth
The increasing number of infections arising owing to improper catheter extraction or movement of catheter during the treatment is a significant factor that is estimated to raise the market growth. The demand for improved devices for catheter stabilization is increasing as a result of this in order to prevent infections and accidental removal of catheters. However, the availability of alternative products for securing catheters is anticipated to hamper the market growth in the upcoming years.
This report also provides the existing competitive scenario of some of the key players of the global catheter securement and stabilization device market which includes company profiling of Becton, Dickinson and Company (BD), 3M (MMM), B. Braun Medical, Baxter Healthcare Corporation (BAX), Smiths Medical, Merit Medical Systems, DJO Global LLC, Dale Medical Products, Centurion Medical Products and BioDerm.
The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global catheter securement and stabilization device market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.