USD 1.15 billion
Global Catheter Securement Device Market Size, Share, Growth Analysis, By Type(Peripheral, Arterial), By Application(Respiratory procedures, Cardiovascular procedures), By End-user(Hospitals & ASCs, Diagnostic centers & clinics) - Industry Forecast 2024-2031
Report ID:
SQMIG35A2749 |
Region:
Global |
Published Date: April, 2024
Pages:
219
|
Tables:
99 |
Figures:
66
Global Catheter Securement Device Market Insights
Global Catheter Securement Device Market size was valued at USD 1.15 billion in 2022 and is poised to grow from USD 1.23 billion in 2023 to USD 2.16 billion by 2031, growing at a CAGR of 7.3% in the forecast period (2024-2031).
The global catheter securement device market is experiencing growth propelled by several key factors. One significant driver is the widespread adoption of catheters by healthcare providers, reflecting their integral role in various medical procedures and treatments. The market is further stimulated by the increasing number of manufacturers entering this space, fostering competition and innovation. Emerging government guidelines advocating the use of securement devices for catheters contribute to the market's expansion, aligning with efforts to enhance patient safety and procedural efficacy.
Additionally, the rising incidences of catheter-associated infections underscore the critical need for effective securement solutions, thereby acting as a catalyst for the market's growth. As healthcare systems worldwide prioritize patient outcomes and safety, the global catheter securement devices market is poised to witness sustained expansion in the forecast years.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Arterial
Growth Rate
7.3% CAGR
Global Catheter Securement Device Market ($ Bn)
Country Share for North America Region (%)
Global Catheter Securement Device Market By Type (%)
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Global Catheter Securement Device Market Segmental Analysis
The catheter securement device market, based on type, is segmented into peripheral, arterial, central, chest drainage, abdominal drainage, epidural, and all-site securement devices. Based on application, the catheter securement devices market is segmented into respiratory procedures, cardiovascular procedures, gastric and oropharyngeal procedures, general surgery, radiology, urological procedures, and other applications. Based on end-user, the global catheter stabilization devices market has been segmented into hospitals & ASCs, diagnostic centers & clinics, home care settings, and others. The global catheter securement devices market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Analysis by Type
The peripheral catheter securement device segment emerged as the dominant force in the market. This prominence is attributed to the widespread utilization of peripheral catheters, making them the most prevalent products in this category. Given the extensive use of peripheral catheters across various medical settings and applications, the need for securement devices to enhance their stability and safety becomes particularly significant. These securement devices play a crucial role in preventing dislodgement or unintended removal of peripheral catheters, thereby ensuring their proper functionality and minimizing the associated risks.
The arterial segment assumes a critical role in the catheter securement device market, contributing to the broader landscape of vascular access management. Arterial catheters, which are instrumental in monitoring blood pressure, blood gasses, and obtaining blood samples, hold significant importance in various clinical settings. The use of securement devices within the arterial segment becomes paramount to ensure the stability and optimal positioning of these catheters.
Analysis by Application
The cardiovascular procedures segment has emerged as the market leader, commanding the largest share, driven by the escalating prevalence of cardiovascular diseases (CVD) and heart-related conditions globally. The rise in the incidence of CVDs, observed in both developing and developed markets, underscores the critical need for diagnostic and therapeutic interventions within the cardiovascular domain. As the burden of heart diseases continues to grow, the demand for medical devices and procedures associated with cardiovascular care has witnessed a significant upswing.
The respiratory procedures segment plays a pivotal role in the catheter securement device market, contributing to the broader spectrum of respiratory care and medical interventions. With the prevalence of respiratory conditions such as chronic obstructive pulmonary disease (COPD), asthma, and respiratory distress syndrome, the demand for securement devices within this segment has witnessed a notable surge. Respiratory catheters are commonly utilized in various procedures, including endotracheal intubation and bronchoscopy, necessitating effective securement to ensure their stable placement and functionality.
Global Catheter Securement Device Market By Type, 2022 (%)
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Global Catheter Securement Device Market Regional Insights
The catheter securement device market in North America is poised for steady growth in the predictable future. The steady rise is attributed to the notable increase in the routine use of these devices across various medical procedures. The insertion of catheters for fluid transmissions necessitates securement devices to mitigate infection risks and ensure the proper functioning of the catheters. The growing awareness of the importance of catheter securement in preventing complications has driven the adoption of these devices in routine operating procedures.
Asia-Pacific is anticipated to witness significant growth during the forecast period from 2024 to 2031, attributed to various key factors. The region's substantial patient population, coupled with high unmet healthcare needs, positions it as a focal point for market expansion. The escalating demand for diverse surgical interventions further fuels the adoption of medical devices, including catheter securement devices. A notable rise in awareness among both the public and healthcare professionals regarding the importance of secure and efficient catheterization contributes to the growing market traction. Additionally, ongoing improvements in healthcare infrastructure within the region enhance accessibility and quality of medical services.
Global Catheter Securement Device Market By Region, 2024-2031
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- Fastest
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Global Catheter Securement Device Market Dynamics
Drivers
Rise in Adoption of Home-based Catheterization
- The surge in the number of dialysis patients who prefer home treatment has become a key driver for the increased demand for catheter stabilization devices, particularly in the context of hemodialysis in home settings. This trend has prompted dialysis equipment manufacturers to develop innovative self-dialyzing systems and services, specifically designed to support the utilization of catheterization in home environments.
Restraints
Availability of Alternative Products
- Dressing tapes present a cost-effective alternative to catheter securement devices, offering a historically established method for retaining Vascular Access Devices (VADs). In the past, surgical sutures stood as the primary securement technique for keeping VADs in place. However, dressing tapes have emerged as a more economical solution, providing a viable option for healthcare settings looking to manage costs without compromising the essential function of securing catheters. Despite their affordability, the adoption of dressing tapes is influenced by the evolving landscape of securement practices in healthcare.
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Global Catheter Securement Device Market Competitive Landscape
The competitive environment of the global Catheter Securement Device market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. Innovation is a key competitive factor. Leading brands invest in research and development to introduce new flavors, packaging formats, and health-focused variations to cater to changing consumer preferences. They often set the trends in the industry.
Top Player’s Company Profiles
- 3M Company
- B Braun Melsungen AG
- Baxter International
- Becton, Dickinson and Company
- Medline Industries
- Convatec, Inc.
- Mc Johnson Company Inc.
- Merit Medical Systems Inc.
- Cardinal Health, Inc.
- Others
Recent Developments
- In October 2021, CATHETRIX introduced Foley/Safe 2.0, an innovative catheter stabilizer designed to address the prevention of urinary tract infections and accidental extractions of Foley catheters.
Global Catheter Securement Device Key Market Trends
- A substantial portion of the global population is grappling with a diverse range of chronic diseases, including cancer, stroke, diabetes, and abnormal heart rhythms. According to data from the World Health Organization (WHO), an estimated 41 million individuals succumb to chronic diseases each year, accounting for approximately 74% of all global fatalities. In the course of treating these chronic conditions, patients frequently require catheterization as part of their medical interventions. Catheters are instrumental in managing various aspects of chronic disease care, facilitating treatments such as chemotherapy, fluid drainage, and cardiovascular interventions.
Global Catheter Securement Device Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
Global Catheter Securement Device marketplace analysis exhibits a dynamic marketplace with some of standout developments and problems. The increasing prevalence of chronic diseases, encompassing conditions such as cardiovascular diseases, urinary disorders, and diabetes, stands as a primary catalyst propelling the growth of the catheter securement device market. This escalating incidence of chronic ailments underscores the imperative need for secure and effective catheterization in the management and treatment of these conditions. Additionally, the surge in surgical procedures, where catheter securement devices play a crucial role in post-operative care, further contributes to the market's expansion. The increasing healthcare expenditure worldwide serves as an additional driving force, providing a conducive environment for the adoption of advanced medical devices. These factors collectively create a favorable landscape, offering lucrative opportunities for growth within the catheter securement device market as healthcare systems strive to enhance patient care and mitigate the risks associated with catheter-related complications.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 1.15 billion |
| Market size value in 2031 | USD 2.16 billion |
| Growth Rate | 7.3% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Catheter Securement Device Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Catheter Securement Device Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Catheter Securement Device Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Catheter Securement Device Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Catheter Securement Device Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Catheter Securement Device Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Catheter Securement Device Market Report Snapshots
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