Market Data Forecast

Increasing Geriatric Population to Fuel Catheter Stabilization Devices Market to Grow at 7.37% CAGR

Catheter Stabilization Devices Market was worth USD 914 million in 2016 and estimated to be growing at a CAGR of 7.37%, to reach USD 1.3 billion by 2021.

 

Hyderabad, India -- (SBWIRE) -- 02/19/2018 -- Catheter stabilization gadgets are primarily used in the minimally invasive operations and surgeries. The catheter is secured to keep away from accidental elimination, lower trauma to the bladder and the urethra, and reduce the tissues infection. The catheters are used for sufferers who are affected by several illnesses together with urinary retention and urinary incontinence, additionally patients who've gone through a genital or prostrate operation. They're extensively utilized for patients laid low with neurological illnesses which consist of dementia and Parkinson's ailment and a couple of sclerosis.

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The Global Catheter Stabilization Devices Market was priced USD 914 million in 2016 and calculable to be growing at a CAGR of 7.37%, to achieve USD 1.3 billion by 2021, within the mentioned forecast period.

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Securement devices are used for comfortable catheters and infusion or drainage devices and to facilitate their operations. They can be repositioned upon preliminary actions, not like regular dressing tapes, and are water-proof devices product of latex-unfastened, smooth-fabric substances and are water-proof. Incorporated catheter systems include an inbuilt safety system that gets activated mechanically, resulting in minimized chances of accidental needle stick harm. The scope of the catheter stabilization device marketplace consists of Securement devices used in surgeries and home healthcare settings.

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North America ruled the catheter Securement devices market in 2016 with the best revenue percentage. The massive percentage of this area can be attributed to the excessive quantity of surgical procedures, which results in an increase in the demand for stabilization gadgets. The Asia Pacific is expected to show off the quickest growth over the next few years as a result of a large affected person pool, growing target populace, excessive unmet wishes, and enhancing infrastructure within the area. The U.S. is the biggest marketplace in this location and across the globe because of a boom in some of the catheter placements.

Some of the dominating companies of the market include Baxter International, Inc. (U.S.), Medtronic plc (U.S.), Merit Medical Systems, Inc. (U.S.), ConvaTec Inc. (U.S.), M.C. Johnson Company, Inc. (U.S.), C. R. Bard, Inc. (U.S.), 3M Company (U.S.), Centurion Medical Products (U.S.), Smiths Group plc (U.K.), and B. Braun Melsungen AG (Germany).

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