Overview

Catheter Securement Device Market Introduction

Catheter securement device market is expected to reach USD 1.8 billion by 2027 end and register a CAGR of over 8.5% during the forecast period 2020-2027.

The rise of geriatric population coupled with an increasing prevalence of chronic diseases are some of the factors increasing the catheter securement device market size. An increasing need for minimally invasive procedures coupled with rising healthcare expenditure worldwide is fueling the growth of the market. Guidelines on securement are issued by the Occupational Safety and Health Administration, U.S and the National Institute for Health and Care Excellence, UK are also driving the growth of the market. Increasing prevalence of bloodstream infections associated with catheter is also positively influencing the market growth.

The market is bifurcated into type, application, end-user, and region. Based on type, arterial catheters hold a primary market share. Arterial securement is deployed in various surgeries and also extensively used for cancer and cardiovascular diseases. Owing to these, there has been a huge demand for arterial securement thus resulting in expansion of the market size.

On the basis of application, cardiovascular procedures are expected to inflate the market size. Increasing prevalence in cardiovascular diseases and heart diseases is contributing to the growth of the market.

In terms of region, hospitals subjugate the market. Increasing prevalence of catheter-associated urinary tract infections is increasing the demand for hospitals. The rapid expansion of hospitals worldwide coupled with improving healthcare services is positively impacting the market.

Based on the region, North America is the global front runner of the market. The region is home to some of the advanced technologies in terms of hospital infrastructure, management, and surgical procedures. The increasing patient pool is significantly inflating the market share. The Joint Commission has published that over 80,000 Central Line-Associated Bloodstream Infections (CLABSIs) occur in the ICUs in US every year. The number increases to approximately 240,000 cases of CLABSIs each year if patients outside the ICUs are taken into consideration. The increase in such infections is accelerating the growth of the market 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,Bioderm Inc., Marpac, Deroyal Industries, Inc.

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

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 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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