Catheter Stabilization Device/ Catheter Securement Device Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023
Albany, NY -- (SBWIRE) -- 11/14/2016 -- Catheter securement devicesare increasingly being engaged in minimally invasive surgeries.The catheter is secured or stabilized to avoid accidental elimination, reduce trauma to the urethra and the bladder, and decrease inflammation of tissues. The main objective of catheter stabilization is to stop excessive pull or traction on the catheter. There are a variety of methods used to stabilize a catheter such as taping, catheter straps, adhesive anchors, and others. Catheters are used for patients suffering from various disorders such as urinary incontinence and urinary retention, and among patients who have experienced prostrate or genital surgery or suffering from disorders such as multiple sclerosis and neurological disorders such as Parkinson's disease and dementia.Increasing prevalence of urinary incontinence and other urinary disorders, aging population, demand for minimally invasive procedures and various other factors would propel the market growth.
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The global catheter securement devices market is segmented on the basis of products, applications, and end users. Of these, products segment includes central venous catheter securement devices, abdominal drainage tubes catheter devices, peripheral catheter securement devices, arterial catheter securement devices, epidural devices, chest drainage tube catheter securement devices, and all-site devices.On the basis of applications, catheter securement device market has been segmented into cardiovascular procedures, general surgery, urological procedures, respiratory procedures, gastric and oropharyngeal procedures, radiology and other applications.
Geographically, the catheter securement device market is analyzed by various regions such as North America, Europe, Asia Pacific, Latin America, the Middle East and Rest of the World.North America dominates the global market followed by Europe due to the increasing scientific research and development of novel technologies as well as rising healthcare expenditurein this region.Asia-Pacific is the fastest growing market due to the large patient pool suffering from various urinary disorders and increasing incidences of chronic diseases.Rising awareness and affordability of the people, improving health care infrastructure and increased medical tourism would contribute to the growth of the market in Asia in the near future.
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Globally, the catheter securement device market will be propelled by the factors such as increased healthcare expenditures, demand for minimally invasive surgeries, and rise inprevalence of lifestyle diseases.Furthermore, increasing government funding and support toward improving public health would continue to boost the growth of the catheter securement devices market.Rapid economic development is expected to develop access to healthcare quality. Increasing healthcare expenditure will lead to a rise in the demand for quality healthcare and will be an important growth driver for the securement devices market.Healthcare expenditure creates a significant part of the development budget of all countries.The significant size of healthcare spending, will act as a major driver for hospitals and diagnostics centers, which are the major end-user segments of the catheter securement devices market.
The global catheter securement devices market is highly competitive and mature due to the participation and presence of many established as well as new players in this market.Some of the key global participants present in the catheter securement device marketinclude 3M Company, Medtronic plc, C. R. Bard, Inc., Baxter International, Inc., B. Braun Melsungen AG, ConvaTec Inc., Merit Medical Systems, Inc., Smiths Group plc, Centurion Medical Products, and M.C. Johnson Company, Inc.