Catheter Securement Device Market Players Share, Size, Trend, SWOT Analysis and Forecast to 2032
Catheter Securement Device Market
The Catheter Securement Device Market is anticipated to reach USD 1.3 billion by 2032
at 9.9% CAGR during the forecast period 2023-2032.
The global catheter
securement device market is driven by several factors, such
as increasing demand forcatheter securement devices used in surgeries, rising
incidence, and prevalence ofchronic illness.Furthermore, rising R&D
activities for catheter securement devices areprojected to drive the market in
the forecast period.
Major market players such as 3M company, B. Braun Melsungen AG, C.R.
Bard, Inc., ConvaTec Group plc, and Baxter International Inc.are dominating the
global catheter securement device market. Theseprominent players are involved
in strategic agreements, new product launches, innovations, and joint ventures
to sustain their market positions.For instance, in May 2019, Dale Medical
Products, Inc. (US) introduced the Hold-n-Place catheter securement device,
which is soft, comfortable, and has a flexible design with no hard plastic
parts. It provides complete antimicrobial protection.
Major Key
Players:
Some of the Catheter
Securement Device Market Players are 3M Company (US), B. Braun
Melsungen AG (Germany), Baxter International, Inc. (US), C.R. Bard, Inc. (US),
Centurion Medical Products (US), ConvaTec Group plc (UK), Merit Medical
Systems, Inc. (US), Smiths Medical (US), TIDI Products, LLC (US), M.C. Johnson
Company, Inc. (US), DeRoyal Industries, Inc. (US), Cardinal Health (US), BioDerm
Inc. (US), Starboard Medical, Inc. (US), and Pepper Medical (US).
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Segment Analysis
The global catheter securement device market has been
segmented into product type, application, end user, and region.
By product type, the market has been segregated into
arterial, central venous, peripheral, chest drainage tubes, abdominal drainage tubes, epidural, and all-site
securement devices.
Central venous is further segmented intoperipherally
inserted central catheter (PICC), subclavian, midlines, femoral, portal, and
jugular. Peripheralis further segmented into foley catheter securement device,
nasogastric tubes, endotracheal tubes, ventriculoperitoneal, and continuous
nerve blocks. The abdominal drainage tubes segment is further segmented into percutaneous
endoscopic gastrostomy, jejunal, and umbilical. The peripheral securement
devices segment held the majority share in 2020 due to the extensive use of
peripheral securement devices for blood transfusions and the administration of
intravenous fluids & other medications after surgery.
Based on application, the catheter securement device
market is segmented into cardiovascular, radiology, general surgery, urological, respiratory, and gastric& oropharyngeal.
The cardiovascular segment held the largest share in 2020 due to the rising
prevalence of cardiovascular disorders such as atrial septal defect, heart
valve disease, and coronary artery disease across the globe.
Based on end user, the catheter securement device
market is segmented into hospitals & clinics, home healthcare, and
diagnostic centres. The hospitals & clinics segment held the largest
market share in 2020 due to a large number of hospitals present across the
globe and a vast number of surgical procedures performed across these facilities.
Regional Analysis
The market has been divided, by
region, into North America, Europe, Asia-Pacific, and the Rest of the
World.
North America is likely to
dominate thecatheter securement device market in 2020,owing to thehigh
prevalence of chronic diseasesand the presence of major industry players across
the region. In addition, a large number of foreign patients prefer surgical
procedures to be conducted in the US due to the easyavailability of high-end
advanced resources and well-established healthcare infrastructure. Furthermore,
according to the Centers for Disease Control and Prevention (CDC), heart
disease was the leading cause of death in the US from 2015 to 2020.Thus, the
rising number of patients suffering from heart diseases in the USmay increase
the demand forheart-related surgeries and procedures, which, in turn, is likely
to increase the demandfor catheter securement devices.
Europe holds the second-largest
position in the catheter securement device market due to the increased adoption
of minimally invasive surgeries across the region. In addition, countries such
as Germany, France, Italy, Spain, and the UK have a large number of aging
population, supporting the growth of the catheter securement device market.
Asia-Pacific is anticipated to be
the fastest-growing regional market during the forecast period due to
increasing investment in healthcare infrastructure, improving healthcare
facilities. High mortality rates due to chronic diseases such as heart
diseases, respiratory diseases, urinary diseases, and diabetesare creating
demand for catheter securement devices and driving the region's market growth.
The growth ofthe catheter
securement device market in the Rest of the World is attributed to increasing
public health awareness and government initiatives to bring more advanced
technologies of catheter securement devicesinto the region.
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