A recent report published by Infinium Global Research on catheter securement devices market provides an in-depth analysis of segments and sub-segments in the global as well as regional catheter securement devices industry
Pune, India -- (SBWIRE) -- 11/26/2019 -- The Infinium Global Research analyzes the "Catheter Securement Devices Market (Product - Central Venous Securement Devices, Peripheral Securement Devices, Arterial Securement Devices, Chest Drainage Tube Securement Devices, Abdominal Drainage Tubes Securement Devices, Epidural Securement Devices, and All Sites Devices; Application - Cardiovascular Procedures, Respiratory Procedures, General Surgery, Urological Procedures, and Other Applications; End-user - Hospitals, Emergency Clinics, Diagnostic Centres, and Home Healthcare Providers): Global Industry Analysis, Trends, Size, Share and Forecasts to 2025". Catheter securement devices are critical for the success of infusion therapy and to prevent complications. They are used to prevent urine backflow and urethral trauma caused owing to the movement of the catheter. The rising prevalence of cardiac, respiratory, gastro, and urological disorders are causing huge demand for catheter securement devices in the marketplace. The report provides in-depth information about the catheter securement devices market which is expected to grow at a CAGR of 7.1% over the forecast period 2019-2025.
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Raising Awareness About Advanced Treatments Promotes the Growth of the Market
The rising number of heart-related diseases drives the growth of the catheter securement devices market. The increasing geriatric population contributes to the growth of the catheter securement devices market. Catheter securement devices provide minimally invasive surgeries. The rising demand for minimally invasive surgical procedures stimulates the growth of the catheter securement devices market. The surge in healthcare expenditure propels the growth of the catheter securement devices market.
The rising awareness about advanced treatments promotes the growth of the catheter securement devices market. In addition, the increasing incidences of chronic lifestyle diseases fuel the growth of the catheter securement devices market. On the flip side, the high cost and availability of alternatives hamper the growth of the catheter securement devices market. Moreover, research and development in the healthcare sector encourage innovations that create novel opportunities for the growth of the catheter securement devices market.
Catheter Securement Devices Market is Segmented Based on the Product, Application, And End-User
The global catheter securement devices market is segmented based on the product, application, and end-user. Based on the product, the catheter securement devices market is divided into central venous securement devices, peripheral securement devices, arterial securement devices, chest drainage tube securement devices, abdominal drainage tubes securement devices, epidural securement devices, and all sites devices. Peripheral securement devices sub-segment is expected to dominate the product segment of the catheter securement devices market.
The application segment of the catheter securement devices market includes cardiovascular procedures, respiratory procedures, general surgery, urological procedures, and other applications. Cardiovascular procedures sub-segment have the largest share in the global catheter securement devices market due to the increasing prevalence of heart diseases. Based on end-user, the catheter securement devices market is classified into hospitals, emergency clinics, diagnostic centers, and home healthcare providers.
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Rising Adoption of Advanced Technologies in Europe Stimulates the Growth of the Industry
Geographically, the global catheter securement devices market is divided into North America, Asia-Pacific, Europe, and the Rest of the World. North America is expected to have a premium share in the global catheter securement devices market. The surge in the use of catheter securement devices in routine operating procedures in North America contributes to the growth of the catheter securement devices market in North America. Europe is anticipated to grow in the global catheter securement devices market with a healthy CAGR over the forecast period.
The rising adoption of advanced technologies in Europe stimulates the growth of the catheter securement devices market in Europe. Asia-Pacific is growing in the global catheter securement devices market. The growing expansion of the medical industry in countries like India, China drives the growth of the catheter securement devices market in Asia-Pacific.
Catheter Securement Devices Market: Competitive Landscape
The leading players in global catheter securement devices market are B. Barun Melsungen AG, Baxter International, Inc., C.R. Bard, Inc., Centurion Medical Products Corporation, 3M Company, Medtronic plc, Merit Medical Systems, Inc., Smiths Group plc, M. C. Johnson Company, Inc., ConvaTec Group Plc, and other companies. Companies operating in the global catheter securement devices market are adopting strategies such as mergers, acquisitions, and new product launches that propel the growth of the catheter securement devices market.
Read Detailed Index of full Research Study of "Catheter Securement Devices Market"
Reasons to Buy this Report:
=> Comprehensive analysis of global as well as regional markets of the catheter securement devices.
=> Complete coverage of all the product type and application segments to analyze the trends, developments, and forecast of market size up to 2025.
=> Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.