Catheter Stabilization Device /Catheter Securement Devices Market By Product Type (Peripheral Securement Devices, Abdominal Drainage Tubes Securement Devices, Arterial Securement Devices, Epidural Securement Devices, Chest Drainage Tube Securement Devices, Central Venous Catheter Securement Devices & All-site Devices), By Application (Gastric Oropharyngeal, Radiology, Respiratory, Cardiovascular, Urological, Oropharyngeal, Oncology & Others), By End User (Hospitals & Clinics, Ambulatory Surgical Centers, Homecare Settings, & Others), By Geography - Global Opportunity Analysis & Industry Forecast, 2022-2027

Report Code: HCR 0579 Report Format: PDF + Excel

Catheter Stabilization Device /Catheter Securement Devices Market Overview

Global Catheter Stabilization Device /Catheter Securement Devices Market size was valued at US$1.2 billion in 2021 and is poised to grow at a CAGR of 10.8% during the forecast period 2022-2027. A catheter is a thin and flexible tube-like structure that is used by medical professionals to introduce fluids into the body or remove them. For instance, a urinary catheter is inserted into the bladder to remove urine for patients who face difficulties in controlling urination. Meanwhile, central venous catheters are used to administer blood or medicine into the body by inserting them into the veins using a needle. Besides, catheters are also extensively used in procedures such as Percutaneous Endoscopic Gastrostomy and Intravenous Immunoglobulin administration. Catheters make use of securement devices in order to reduce the risk of infections and prevent the oozing of fluids. A continuous nerve block catheter securement device is used to administer local anesthesia in order to alleviate pain from the nerves. Meanwhile, an endotracheal tube securement device helps in securing the placement of endotracheal tubes as they have the ability to accommodate numerous airway devices.

The rapid rise in the prevalence of cardiovascular surgical procedures post the COVID-19 pandemic is a key factor driving the growth of the Catheter Stabilization Device /Catheter Securement Devices industry during the forecast period 2022-2027.

Catheter Stabilization Device /Catheter Securement Devices Market Report Coverage

The report: “Catheter Stabilization Device /Catheter Securement Devices Market Forecast (2022-2027)”, by Industry ARC, covers an in-depth analysis of the following segments of the Catheter Stabilization Device /Catheter Securement Devices Market.
By Product Type: Peripheral Securement Devices, Abdominal Drainage Tubes Securement Devices, Arterial Securement Devices, Epidural Securement Devices, Chest Drainage Tube Securement Devices, Central Venous Catheter Securement Devices and All-site Devices.
By Application: Gastric Oropharyngeal, Radiology, Respiratory, Cardiovascular, Urological, Oropharyngeal, Oncology and Others.
By End User: Hospitals and Clinics, Ambulatory Surgical Centers, Homecare Settings, and Others
By Geography: North America (U.S., Canada, Mexico), Europe (Germany, United Kingdom (U.K.), France, Italy, Spain, Russia and Rest of Europe), Asia Pacific (China, Japan India, South Korea, Australia & New Zealand and Rest of Asia Pacific), South America (Brazil, Argentina, Chile, Columbia and Rest of South America) and Rest of the World (Middle East and Africa)

Key Takeaways

  • North America dominated the Catheter Stabilization Device /Catheter Securement Devices market in the year 2021. The presence of a highly developed healthcare infrastructure in the US and Canada is a major factor that is contributing to the segment’s growth.
  • Rapid growth in the global geriatric population, especially in developed regions is anticipated to drive the market during the forecast period.
  • Detailed analysis on the Strength, Weakness and Opportunities of the prominent players operating in the market will be provided in the Catheter Stabilization Device /Catheter Securement Devices Market report.
  • However, complications associated with the use of catheters are a major factor that is projected to hamper the market growth of the Catheter Stabilization Device /Catheter Securement Devices Industry.

Catheter Stabilization Device /Catheter Securement Devices Market Revenue Share, By Geography, 2021 (%)

Catheter Stabilization Device /Catheter Securement Devices Market

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Catheter Stabilization Device /Catheter Securement Devices Market Segment Analysis – By Application

Based on Application, the Catheter Stabilization Device /Catheter Securement Devices market can be segmented into Gastric Oropharyngeal, Radiology, Respiratory, Cardiovascular, Urological, Oropharyngeal, Oncology and Others. The cardiovascular segment accounted for the largest share of the market in 2021 and is poised to grow at a CAGR of 9.9% during the forecast period 2022-2027. This rapid growth can be attributed to the rise in the prevalence of cardiovascular disorders among the global population. Catheters are extensively used by medical professionals for the treatment of such cardiovascular disorders. For instance, for Cardiac catheterization, a catheter is guided through a blood vessel to the heart for diagnosing and treating clogged arteries or irregular heartbeats. In addition, the cardiovascular segment is also anticipated to witness the fastest growth during the forecast period 2022-2027.

Catheter Stabilization Device /Catheter Securement Devices Market Segment Analysis – By End User

Based on End User, the Catheter Stabilization Device /Catheter Securement Devices market can be further segmented into Hospitals and Clinics, Ambulatory Surgical Centers, Homecare Settings and Others. The Hospitals and Clinics segment accounted for the largest share of the Catheter Stabilization Device /Catheter Securement Devices market in 2021 and is projected to grow at a CAGR of 10.3% during the forecast period 2022-2027. This can be attributed to the extensive use of catheters and catheter securement devices in hospitals and clinics across various medical departments for the treatment of conditions such as trauma, spinal injury, urinary retention, lower body paralysis and urinary incontinence. However, the Homecare Settings segment is anticipated to witness the fastest growth during the forecast period 2022-2027 owing to the rising incidence of patients suffering from chronic medical conditions such as Parkinson's disease, and multiple sclerosis (MS) and Lower Body Paralysis.

Catheter Stabilization Device /Catheter Securement Devices Market Segment Analysis – By Geography

North America dominated the geography segment of the Catheter Stabilization Device /Catheter Securement Devices Market in 2021 with a share of approximately 35%. The rapid growth of the segment can be attributed to the presence of a highly developed healthcare sector in the U.S. and Canada. This coupled with the rapid growth in the prevalence of chronic lifestyle disorders in the region is generating a massive rise in demand for Catheter Stabilization Devices in the region’s healthcare sector. For instance, more than half a million heart surgeries are performed in the US alone each year. Mexico is also witnessing an increase in such medical procedures owing to the surge in the country’s medical tourism industry.

The Asia Pacific region is anticipated to register the fastest growth during the forecast period 2022-2027 owing to the high incidence of trauma and road accident-related injuries in emerging economies such as China and India. For instance, according to the National Crime Records Bureau (NCRB), India recorded 354,796 cases of road accidents in 2020, leading to approximately 335,201 injuries.

Catheter Stabilization Device /Catheter Securement Devices Market Drivers

Growing Global Geriatric Population is Driving the Market Growth

Rapid rise in the global geriatric population is a key factor driving the market for Catheter Stabilization Device /Catheter Securement Devices as geriatrics are more susceptible to conditions such as cardiovascular diseases, Parkinson’s, urinary retention and urinary incontinence. According to the World Health Organization (WHO), the number of people over the age of 60 is anticipated to increase from 1 billion in 2020 to nearly 1.4 billion by 2030. By 2050, the world’s population of people aged 60 years and older will double to 2.1 billion. According to the US National Institute of Health (NIH), the median age of Parkinson’s onset was around 73.1 years.

Rapid Rise in the Prevalence of Cardiovascular Disorders Increases the Growth of the Market

The growing prevalence of the cardiovascular disorder is projected to increase the adoption of Catheter Stabilization Devices during the forecast period as they play a vital role during numerous cardiovascular surgical procedures. Cardiac catheters as well as urinary catheters are typically used during such surgeries. According to the World Health Organization (WHO), cardiovascular diseases are the leading cause of death globally, responsible for taking an estimated 17.9 million lives each year. 32% of all deaths worldwide can be attributed to this condition alone. Furthermore, the number of people diagnosed with heart failure is anticipated to grow by at least 45% by 2030.

Catheter Stabilization Device /Catheter Securement Devices Market Challenges

Complications Associated with Catheter Use are Likely to Challenge the Market Growth

Complications associated with the use of catheters on patients during surgical and non-surgical procedures are anticipated to challenge product demand during the forecast period. For instance, urinary catheters are the leading cause of healthcare-associated urinary tract infections (UTIs). UTIs can lead to symptoms such as fever, chills, cloudy urine due to pus, burning of the urethra or genital area and bloody urine. According to the Centers for Disease Control (CDC), among UTIs acquired in the hospital, approximately 75% are associated with a urinary catheter.

Catheter Stabilization Device /Catheter Securement Devices Industry Outlook

Product launches, mergers and acquisitions, joint ventures and R&D activities are key strategies adopted by players in the Catheter Stabilization Device /Catheter Securement Devices Market. In 2021, the Catheter Stabilization Device /Catheter Securement Devices Market share is fragmented by the top ten players present in the market. The Catheter Stabilization Device /Catheter Securement Devices Market, top 10 companies are:include:

  1. B.Braun Melsungen AG
  2. Baxter International Inc.
  3. Becton Dickinson & Company
  4. 3M
  5. Medline Industries Inc.
  6. Smith’s Medical
  7. DeRoyal Industries
  8. Dale Medical Products
  9. Cardinal Health
  10. Merit Medical Systems

Recent Developments:

  • In November 2021, CATHETRIX announced the launch of their new catheter stabilizer for the prevention of UTIs and accidental Foley catheter extractions at MEDICA 2021 in Germany. Foley/Safe 2.0 prevents catheter dislodgement and movement to reduce the risk of catheter associated urinary tract infection (UTI).
  • In October 2019, CATHETRIX unveiled the world's first Foley catheter stabilizer which actively prevents possible damage to the bladder and urethra from accidental urinary catheter extraction. The catheter securement device, FoleySafe was demonstrated at MEDICA 2019 in Germany.
  • In May 2019, Dale Medical Products launched the “Hold-n-Place” Catheter Securement Device. The device will be available in two sub-segments, one would help in IV, arterial and midline catheter securement and another will help in CVC, PICC and arterial sheath securement.

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1. Catheter Stabilization Device /Catheter Securement Devices Market- Overview
    1.1 Definitions and Scope
2. Catheter Stabilization Device /Catheter Securement Devices Market- Executive Summary
3. Catheter Stabilization Device /Catheter Securement Devices Market – Landscape
    3.1 Company Benchmarking – Key Companies
    3.2 Financial Analysis – Key Companies
    3.3 Market Share Analysis – Key Companies
    3.4 Patent Analysis – Key Companies
    3.5 Pricing Analysis
4. Catheter Stabilization Device /Catheter Securement Devices Market- Startup Companies Scenario Premium
    4.1 Investment
    4.2 Revenue
    4.3 Venture Capital and Funding Scenario
5. Catheter Stabilization Device /Catheter Securement Devices Market– Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Case Studies of Successful Ventures
6. Catheter Stabilization Device /Catheter Securement Devices Market Forces
    6.1 Market Drivers
    6.2 Market Constraints & Challenges
    6.3 Porters five force model
        6.3.1 Bargaining power of suppliers
        6.3.2 Threat of substitutes
        6.3.3 Threat of new entrants
        6.3.4 Bargaining powers of Buyers
        6.3.5 Degree of Competition
7. Catheter Stabilization Device /Catheter Securement Devices Market– Strategic Analysis
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Market Life Cycle Analysis
8. Catheter Stabilization Device /Catheter Securement Devices Market – By Product Type (Market Size –$Million/$Billion)
    8.1 Peripheral Securement Devices
    8.2 Abdominal Drainage Tubes Securement Devices
    8.3 Arterial Securement Devices
    8.4 Epidural Securement Devices
    8.5 Chest Drainage Tube Securement Devices
    8.6 Central Venous Catheter Securement Devices
    8.7 All-site Devices
9. Catheter Stabilization Device /Catheter Securement Devices Market – By Application (Market Size –$Million/$Billion)
    9.1 Gastric Oropharyngeal
    9.2 Radiology
    9.3 Respiratory
    9.4 Cardiovascular
    9.5 Urological
    9.6 Oropharyngeal
    9.7 Oncology
    9.8 Others
10. Catheter Stabilization Device /Catheter Securement Devices Market- By End Users (Market Size –$Million/$Billion)
    10.1 Hospitals and Clinics
    10.2 Ambulatory Surgical Centers
    10.3 Homecare Settings
    10.4 Others
11. Catheter Stabilization Device /Catheter Securement Devices Market- By Geography (Market Size –$Million/$Billion)
    11.1 North America
        11.1.1 U.S.
        11.1.2 Canada
        11.1.3 Mexico
    11.2 South America
        11.2.1 Brazil
        11.2.2 Argentina
        11.2.3 Colombia
        11.2.4 Chile
        11.2.5 Rest of South America
    11.3 Europe
        11.3.1 Germany
        11.3.2 France
        11.3.3 U.K
        11.3.4 Italy
        11.3.5 Spain
        11.3.6 Russia
        11.3.7 Rest of Europe
    11.4 Asia Pacific
        11.4.1 China
        11.4.2 Japan
        11.4.3 South Korea
        11.4.4 India
        11.4.5 Australia & New Zealand
        11.4.6 Rest of APAC
    11.5 Rest of the World
        11.5.1 Africa
        11.5.2 Middle East
12. Catheter Stabilization Device /Catheter Securement Devices Market- Entropy
13. Catheter Stabilization Device /Catheter Securement Devices Market– Industry/Segment Competition Landscape Premium 
    13.1 Market Share Analysis
        13.1.1 Global Market Share – Key Companies
        13.1.2 Market Share by Region – Key companies
        13.1.3 Market Share by Countries – Key Companies
    13.2 Competition Matrix
    13.3 Best Practices for Companies
14. Catheter Stabilization Device /Catheter Securement Devices Market– Key Company List by Country Premium Premium
15. Catheter Stabilization Device /Catheter Securement Devices Market Company Analysis
    15.1 Company 1
    15.2 Company 2
    15.3 Company 3
    15.4 Company 4
    15.5 Company 5
    15.6 Company 6
    15.7 Company 7
    15.8 Company 8
    15.9 Company 9
    15.10 Company 10
"*Financials for private companies would be provided on a best efforts basis*”.