Dublin, April 03, 2019 (GLOBE NEWSWIRE) -- The "Global Catheter Stabilization Devices Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2018 To 2026" report has been added to ResearchAndMarkets.com's offering.
The global catheter stabilization devices market was valued at US$ 1,055.6 Mn in 2017 and is expected to reach US$ 1,898.5 Mn by 2026, expanding at a CAGR of 6.8% from 2018 to 2026.
Market Insights
According to the latest research citing provided by World Health Organization (WHO), non-communicable diseases annually kill 41 million worldwide which is equivalent to 71% of global death. Catheter securement devices are widely employed to prevent infection of the blood veins and arteries of patients receiving medical intervention for the diagnosis and treatment of lifestyle disorders.
Arterial securement devices are reigning the product segment for catheter stabilization devices market. They are frequently used in surgical procedures and medical interventions in patients suffering from chemotherapy. Frequent failures associated with arterial catheters such as flow occlusions, infection and dislodgement increases the demand for arterial securement devices. Central venous securement devices are garnering huge demand owing to the significant rise in a patient suffering from cardiovascular complications and cancer. Inherent features such as no obstruction, less reinsertion, and a decrease in replacement cost further bolster the central venous securement devices.
Hospitals are the supreme leader in catheter stabilization devices end-use segment. Rampant growth in the number of surgeries performed and frequent use of catheters for the treatment of terminally ill patients in ICUs globally drive the market growth for hospitals. Homecare settings will tract positive and steady growth during the forecast period on account of significant growth in patients receiving palliative treatment for cancer and on a rehabilitation program for narcotic withdrawal symptoms.
In the present scenario, North America is leading the regional segment for global catheter stabilization devices market with a 37.2% share. The primary features which bolster its market performance are rising prevalence of lifestyle disorders and rising public health awareness. The existence of pioneers such as C.R.Bard, Inc., Medtronic, Plc. and B.Braun Melsungen AG etc. further propel the market growth of catheter stabilization devices in North America region.
Europe is the second largest market with 24.8% market share primarily due to increasing cases of central line-associated bloodstream infection (CLABSI) and supportive regulatory environment provided by the European Medical Agency (EMA) for catheter stabilization devices. Asia Pacific represents a 16% market share owing to the rising prevalence of catheter-associated urinary tract infection (CAUTI) and a significant rise in medical tourism.
Key Market Movements
- The rising prevalence of CLABSI and CAUTI in patients suffering from lifestyle disorders
- An increasing number of surgeries performed and rampant growth in hospitals worldwide
- The supportive regulatory environment for the production and sale of catheter stabilization devices
Key Topics Covered:
Chapter 1. Preface
1.1. Report Scope and Description
1.2. Research Scope
1.3. Research Methodology
1.4. Market Segmentation
Chapter 2. Executive Summary
2.1. Global Catheter Stabilization Devices Market Portraiture
2.2. Global Catheter Stabilization Devices Market, by Products, 2017 (US$ Mn)
2.3. Global Catheter Stabilization Devices Market, by End-Use, 2017 (US$ Mn)
2.4. Global Catheter Stabilization Devices Market, by Geography, 2017 (US$ Mn)
Chapter 3. Catheter Stabilization Devices Market: Dynamics and Future Outlook
3.1. Market Overview
3.2. Drivers
3.3. Challenges
3.4. Opportunities
3.5. Attractive Investment Proposition, by Geography, 2017
3.6. Competitive Analysis: Global Catheter Stabilization Devices Market, by Key Players, 2017
Chapter 4. Global Catheter Stabilization Devices Market, by Products
4.1. Overview
4.2. Arterial Securement Devices
4.3. Peripheral Securement Devices
4.4. Central Venous Securement Devices
4.5. Urinary Catheter Securement Devices
4.6. Chest Drainage Tube Securement Devices
4.7. Others
Chapter 5. Global Catheter Stabilization Devices Market, by End-Use
5.1. Overview
5.2. Hospitals
5.3. Homecare Settings
5.4. Others
Chapter 6. Global Catheter Stabilization Devices Market, by Geography
Chapter 7. Company Profiles
7.1. B.Braun Melsungen AG
7.1.1. Business Description
7.1.2. Financial Information (Subject to data availability)
7.1.3. Product Portfolio
7.1.4. News Coverage
7.2. Baxter International, Inc.
7.3. C.R.Bard, Inc.
7.4. ConvaTec, Inc.
7.5. Centurion Medical Products Corporation
7.6. Medtronic, Plc.
7.7. Merit Medical Systems, Inc.
7.8. M C Johnson Company, Inc.
7.9. TIDI Products, LLC
7.10. Smiths Medical, Inc.
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