Catheter Stabilization Devices Market Value to Reach USD 2.6 billion by 2031, rising at a CAGR of 6.5%: TMR Study

The global 𝐜𝐚𝐭𝐡𝐞𝐭𝐞𝐫 𝐬𝐭𝐚𝐛𝐢𝐥𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐝𝐞𝐯𝐢𝐜𝐞𝐬 𝐦𝐚𝐫𝐤𝐞𝐭, valued at US$ 1.3 billion in 2021, is set for substantial growth, with a projected CAGR of 6.5% from 2022 to 2031, reaching an estimated US$ 2.6 billion by 2031.

This growth is primarily driven by the escalating geriatric population, prone to chronic illnesses requiring catheterization as part of treatment. The adoption of self-catheterization to mitigate Hospital-acquired Infections (HAIs) is gaining momentum. Furthermore, the proliferation of hospitals and Ambulatory Surgical Centers (ASCs) is expected to fuel demand for catheter stabilization devices.

Notably, developing regions like China, India, and Brazil are witnessing increased awareness of catheter stabilizers, presenting lucrative opportunities for market players. In response, manufacturers are ramping up research and development efforts to introduce innovative products, aiming to bolster their revenue streams in this burgeoning market.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅:
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=5345&utm_source=OpenPR&utm_medium=OpenPR&utm_campaign=MansiR

Catheter stabilization is used to secure an indwelling urinary catheter in order to prevent urethral trauma. It may help in minimizing the risk of complications caused due to the usage of an unsecured catheter. Types of catheter securement devices include peripheral securement devices, continuous nerve block catheter securement devices, arterial securement devices, chest drainage tube securement devices, epidural securement devices, and endotracheal tube catheter stabilization devices. These devices prevent accidental and unintentional urinary catheter extraction, thereby avoiding damage to the bladder.

𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:

Baxter International Inc., B. Braun Melsungen AG, C. R. Bard, Inc. (Becton, Dickinson and Company), 3M Healthcare, ConvaTec, Inc., Smiths Group PLC, Merit Medical Systems, Inc., C. Johnson Company, Inc., Centurion Medical Products, and TIDI Products LLC.

𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧:

𝐏𝐫𝐨𝐝𝐮𝐜𝐭 𝐓𝐲𝐩𝐞

CVC Stabilization Devices
PICC Stabilization Devices
Abdominal Stabilization Devices
Chest Drainage Tube Stabilization Devices
Others

𝐄𝐧𝐝-𝐮𝐬𝐞𝐫

Hospitals & ASCs
Diagnostic Centers & Clinics
Home Care Settings
Others

𝐊𝐞𝐲 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭𝐬:

In October 2021, CATHETRIX launched Foley/Safe 2.0, a new catheter stabilizer for the prevention of urinary tract infections and accidental Foley catheter extractions

In July 2018, 3M launched 3M Tegaderm antimicrobial I.V. advanced securement dressing

In March 2018, ConvaTec, Inc. acquired J&R Medical LLC, a U.S.-based independent distributor of catheter-related supplies

In November 2017, the Centers for Disease Control and Prevention recommended the use of 3M Tegaderm CHG I.V. Securement Dressing

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐎𝐮𝐭𝐥𝐨𝐨𝐤:

North America(USA, Canada and Mexico)
Europe(UK, Germany, France and the Rest of Europe)
Asia Pacific(China, Japan, India, and the Rest of the Asia Pacific region)
South America(Brazil, Argentina and the Rest of South America)
Middle East and Africa(GCC and Rest of the Middle East and Africa)

𝐏𝐥𝐚𝐜𝐞 𝐚𝐧 𝐎𝐫𝐝𝐞𝐫 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭:
https://www.transparencymarketresearch.com/checkout.php?rep_id=5345<ype=S&utm_source=OpenPR&utm_medium=OpenPR&utm_campaign=MansiR

𝐌𝐚𝐫𝐤𝐞𝐭 𝐃𝐫𝐢𝐯𝐞𝐫𝐬 𝐚𝐧𝐝 𝐂𝐡𝐚𝐥𝐥𝐞𝐧𝐠𝐞𝐬:

𝐃𝐫𝐢𝐯𝐞𝐫𝐬:

Increasing prevalence of chronic diseases, rising geriatric population, technological advancements, growing demand for minimally invasive procedures, and expanding home healthcare services.

𝐂𝐡𝐚𝐥𝐥𝐞𝐧𝐠𝐞𝐬:

Stringent regulatory requirements, concerns regarding catheter-related infections, and reimbursement issues in emerging economies.

𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬:

Adoption of antimicrobial and antithrombogenic coatings in catheter stabilization devices.

Integration of advanced materials to enhance durability and flexibility.
Shift towards disposable catheter stabilization devices for infection control.
Customization of stabilization devices to suit specific patient needs.

𝐅𝐮𝐭𝐮𝐫𝐞 𝐎𝐮𝐭𝐥𝐨𝐨𝐤:

The catheter stabilization devices market is poised for significant growth in the coming years, driven by technological innovations, increasing healthcare expenditure, and the rising demand for minimally invasive procedures. Key players in the market are focusing on product development, strategic collaborations, and geographical expansion to gain a competitive edge.

𝐊𝐞𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐭𝐮𝐝𝐲 𝐏𝐨𝐢𝐧𝐭𝐬:

Market size and growth projections.
Analysis of market drivers, challenges, and trends.
Regional analysis highlighting growth opportunities.
Competitive landscape assessment.
Assessment of recent developments and innovations.

𝐁𝐫𝐨𝐰𝐬𝐞 𝐌𝐨𝐫𝐞 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐛𝐲 𝐓𝐌𝐑:

𝐁𝐨𝐝𝐲 𝐀𝐫𝐦𝐨𝐫 𝐌𝐚𝐫𝐤𝐞𝐭-https://www.globenewswire.com/news-release/2023/05/05/2662318/0/en/Global-Sales-of-Body-Armor-is-Expected-to-Accelerate-at-a-Whopping-3-11-CAGR-Reaching-US-5-1-Billion-by-2031-Says-Transparency-Market-Research.html

𝐏𝐕 𝐈𝐧𝐯𝐞𝐫𝐭𝐞𝐫 𝐌𝐚𝐫𝐤𝐞𝐭-https://www.globenewswire.com/news-release/2023/05/08/2663929/0/en/Global-PV-Inverter-Market-likely-to-reach-US-37-6-billion-expected-to-rise-at-a-CAGR-of-15-from-2023-to-2031-Transparency-Market-Research-Inc.html

𝐀𝐛𝐨𝐮𝐭 𝐓𝐫𝐚𝐧𝐬𝐩𝐚𝐫𝐞𝐧𝐜𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

𝐂𝐨𝐧𝐭𝐚𝐜𝐭:

Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com      
Email:  sales@transparencymarketresearch.com
Follow Us: LinkedIn| Twitter| Blog | YouTube

This release was published on openPR.