The global catheter securement device market is expected to reach USD 1.5 billion by 2026 end and register a CAGR of over 7.3% during the forecast period 2019-2026.
Factors increasing the global catheter securement device market size are increasing in prevalence of cancer, renal failure and growing preference towards minimally invasive surgeries. The increase in geriatric population coupled with the increasing need to lessen the infections and complications related to catheter is driving the growth of the market. The National Association for Continence has stated that approximately 25 million people in the US suffer from incontinence. 3M, in one of its articles, has stated that more than 4 million central intravascular catheters are placed every year. The increase in urinary disease has led to an increase in demand for catheter, resulting in the proliferation of global catheter securement device market growth.
The market is bifurcated into type, application, end-user, and region. Based on type, arterial catheters hold a major global catheter securement device market share. Arterial catheters are frequently used in modern healthcare routines and practices. It's extensively used in cardiovascular disease and has resulted in lesser complications. According to the Rhode Island Medical Journal, approximately 6 million arterial catheters are placed every year in the US. As a result, the increase in deployment of arterial catheters thereby is increasing the catheter securement device market share.
In terms of application, cardiovascular procedures are expected to increase the catheter securement device market size due to the increasing prevalence of heart diseases globally.
Based on end-users, hospitals dominate the growth of the market. An increase in the number of surgeries coupled with the increase in deployment of catheters is driving the growth of the hospitals, thus propelling the market. An increase in prevalence of infections related to usage of catheter in hospitals is also boosting the market growth. According to American Nurses Association (ANA), approximately 560,000 patients get infected with catheter-associated urinary tract infections every year, thus positively influencing the market augmentation.
On the basis of region, North America dictates the growth of the market. The increase in the number of surgeries alongside the rise in adoption of securement is increasing the catheter securement market size. According to the figures released by the Joint Commission, around 300 million catheters are used in the U.S every year. Increase prevalence of CLABSIs is expected to boost the presence of the market in the region. The presence of well-developed healthcare infrastructure coupled with increasing geriatric population is bolstering the market in the region.
The Asia-Pacific region is expected to be a lucrative region owing to the presence of the large patient and improving infrastructure in the region. Improving healthcare facilities coupled with an increasing target population is expected to increase the catheter securement device market share in the region.
Key players of the market are B.Braun Melsungen AG, Cardinal Health, Merit Medical Systems, Inc, M.C Johnson Company Inc, Smiths Group plc, Baxter International Inc, C.R Bard Inc, and 3M Company.
Competitive Landscape:
- Beckmen Coulter in 2018 launched IQ Workcell 2000 and 3000
- DIRUI Industrial Co.Ltd in 018 launched the FUS 1000 Automated Urine Analyzer
- Arkay and Beckman Coulter collaborated to deliver integrated urine analyzers
Global Catheter Securement Device Market Segmentation:
By Type
- Peripheral Catheter Securement Devices
- Foley Catheter Securement Devices
- Nasogastric Tube Securement Devices
- Endotracheal Tube Securement Devices
- Ventriculoperitoneal Securement Devices
- Continuous Nerve Block Catheter Securement Devices
- Midlines Securement Devices
- Central Venous Catheter Securement Devices
- Portal Securement Devices
- PICC Securement Devices
- Subclavian Securement Devices
- Femoral Securement Devices
- Jugular Securement Devices
- Arterial Catheter Securement Devices
- Chest Drainage Securement Devices
- Abdominal Drainage Tube Securement Devices
- Percutaneous Endoscopic
- Jejunal Catheter Securement Devices
- Umbilical Catheter Securement Devices
- Epidural Securement Devices
- All-Site Securement Devices
By Application
- Cardiovascular Procedures
- Respiratory Procedures
- Gastric and Oropharyngeal Procedures
- General Surgery
- Urological Procedures
- Radiology
- Other Applications
By End User
- Hospitals
- Homecare Settings
- Emergency Clinics
- Diagnostic Imaging Centres
By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Rest of the World
FutureWise Key Takeaways:
- Growth Prospects
- SWOT Analysis
- Key Trends
- Key data-points affecting market growth
Objectives of the Study:
• To provide with an exhaustive analysis on the global catheter securement device market by type, by end-user, by application, and by region
• To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
• Evaluate and forecast micro-markets and the overall market
• To predict the market size, in key regions (along with countries)—North America, Europe, Asia Pacific, Latin America and the rest of the world
• To record evaluate and analyze competitive landscape mapping- product launches, technological advancements, mergers and expansions
• Profiling of companies to evaluate their market shares, strategies, financial and core competencies
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