Catheter stabilization devices are medical devices used to securely hold intravascular catheters in place for extended durations. Catheter stabilization devices are critical for effective vascular access as they prevent premature dislodging or accidental removal of catheters, which can lead to severe complications. The rising prevalence of chronic diseases such as cancer, diabetes, and cardiovascular diseases has led to a surge in intravenous therapies and vascular procedures, driving the demand for catheter stabilization devices.
The global Catheter Stabilization Devices Market is estimated to be valued at US$ 2.9 billion in 2023 and is expected to exhibit a CAGR of 7.3% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
Rising demand for effective vascular access is a major trend fueling market growth. Intravenous therapies allow for administration of critical medications, fluids, nutrients, and blood products directly into the bloodstream. However, premature dislodging or accidental removal of intravascular catheters can interrupt therapy and cause severe complications. Catheter stabilization devices secure catheters in place for extended durations, preventing dislodgement and ensuring effective and consistent vascular access. Their adoption is growing among healthcare providers to facilitate safe and optimal intravenous therapy. This has emerged as a key factor driving the demand for catheter stabilization devices over the forecast period.
Segment Analysis
The global catheter stabilization devices market is divided into vessel stabilization devices and catheter stabilization devices. Catheter stabilization devices form the largest segment as they prevent accidental displacement or movement of catheters placed in various parts of the body like urinary catheters, central venous catheters, peripherally inserted central catheters etc. during patient movement or activity. This is driving the dominance of the catheter stabilization devices segment.
Key Takeaways
The global catheter stabilization devices market is expected to witness high growth over the forecast period 2023 to 2030. The global Catheter Stabilization Devices Market is estimated to be valued at US$ 2.9 billion in 2023 and is expected to exhibit a CAGR of 7.3% over the forecast period 2023-2030.
Regional analysis North America dominates the global catheter stabilization devices market currently due to presence of major players and growing incidences of lifestyle diseases. However, Asia Pacific region is expected to grow at the fastest pace during the forecast period owing to increasing healthcare expenditure, raising awareness about catheter stabilization devices and growing geriatric population.
Key players operating in the catheter stabilization devices market are Bard Medical, 3M, Baxter, Smiths Medical, and Centurion Medical Products. ConvaTec Group plc, B. Braun Melsungen AG, Dale Medical Products, Inc., Merit Medical Systems, Inc., and Tidi Products, LLC.
No comments:
Post a Comment