Chest Catheters are fastest growing segment fueling the growth of Catheter Stabilization Devices Market

 

The global Catheter Stabilization Devices Market is estimated to be valued at US$ 1.29 Bn in 2023 and is expected to exhibit a CAGR of 7.3% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:
Catheter stabilization devices are used to securely anchor and position intravenous (IV), central venous, arterial and other medical catheters to promote healing and prevent accidental removal or dislodgement. They immobilize catheters during medical procedures and treatments to ensure safe and optimal functioning.

Market key trends:
One of the key trends in the catheter stabilization devices market is the growing demand for secure and reliable catheter securing devices. With rising cases of catheter-related infections and complications, there is an increased focus on developing advanced stabilization devices that can firmly hold catheters in place. Some other trends include launch of user-friendly and lightweight devices with enhanced fixation and comfort. Manufacturers are also introducing antimicrobial products and dressings to prevent infections. Growing incidence of chronic diseases like cancer that require long term catheter use will further drive the demand for effective catheter stabilization solutions over the forecast period.
Segment Analysis

The global catheter stabilization devices market can be segmented on the basis of product, application, end-user, and region. Based on product, the catheter stabilization devices market is segmented into arterial secured devices, peripheral secured devices, abdominal secured devices, chest secured devices and others. The abdominal secured devices segment is expected to dominate the market during the forecast period. This is due to the increasing number of surgeries requiring catheterization in the abdominal region such as gastrointestinal, urology and gynecological surgeries.

Key Takeaways

The global catheter stabilization devices market is expected to witness high growth, exhibiting a CAGR of 7.3% over the forecast period, due to increasing number of surgical procedures requiring catheterization.

Regional analysis - North America is expected to dominate the global catheter stabilization devices market during the forecast period. This is attributed to the presence of major players in the region and growing number of target procedures involving catheterization.

Key players - Key players operating in the catheter stabilization devices market are 3M (US), C.R. Bard, Inc. (US), ConvaTec Group plc (UK), Merit Medical Systems (US), B. Braun Melsungen AG (Germany), DeRoyal Industries, Inc. (US), Cardinal Health (US), Baxter International Inc. (US).

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