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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 competitive environment of the 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. '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'

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.

A substantial portion of the 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 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.

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.

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Global Catheter Securement Device Market

Product ID: SQMIG35A2749