Global Catheter Stabilization Device/Catheter Securement Device Market: Latest Trends and Forecast Analysis upto 2023

Catheter stabilization devices are being increasingly employed in minimally invasive operations and surgeries. The catheter is stabilized or secured in order to avoid unintentional removal, decrease trauma to the bladder and the urethra, and reduce the tissues inflammation. The primary objective of catheter securement is to put a halt to the excessive traction or pull on the catheter. There are several procedures that are employed for stabilizing a catheter such as adhesive anchors, catheter straps, and taping, among others.

Catheters are employed for patients who are suffering from several disorders such as urinary retention and urinary incontinence, and among patients who have gone through genital or prostrate surgery or are suffering from ailments such as neurological illnesses such as dementia and Parkinson’s disease and multiple sclerosis.

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The market research report is an in-depth scrutiny of the progress track of the global catheter stabilization device market over the mentioned forecast period. The market publication further provides readers with useful insights on aspects that are expected to influence the growth of the global catheter securement device market in the coming years both in the regional and global strata. The report does the above said by assessing the trends and dynamics at play in the market and are expected to prevalent over the coming years.

The market intelligence report uses value chain analysis and the Porter’s five forces analysis for delivering reader with information on the vendor landscape of the market and the competition among the leading global and regional players operating in the market. Prominent strategic ties, acquisitions, and mergers have also been highlighted in the study. The manufacturing methodologies. Merchandises, shares, and strategies of the crème players present in the market have also been emphasized upon.

The growth of the catheter stabilization device market is expected to be supplemented by the growing pervasiveness of urinary incontinence and different other urinary disorders, need for minimally invasive processes, and rising geriatric population. Factors such as growing incidence of lifestyle diseases and rising expenditure on healthcare are anticipated to further bolster the progress of the global market for catheter stabilization device. Moreover, surging funding from governments and support for the improvement of public health are influential aspects pushing the growth of the global catheter securement device market.

Robust economic development is anticipated to enhance access to quality healthcare services. With the rising expenditure of consumers on healthcare, the demand for quality healthcare services is also expected to increase, thus, positively influencing the growth of the global catheter stabilization device market as it will lead to the formation of diagnostic centers and hospitals. Diagnostic centers and hospitals are the leading end users of the catheter securement device.

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Region-wise, the global catheter securement market has been segmented into the Middle East, Latin America, Asia Pacific, Europe, North America, and the Rest of the World. At present, North America is the leader in the global market closely trailed by Europe owing to rising scientific research and development of new and innovative technologies along with mounting expenditure of healthcare in the regions. Asia Pacific emerged as the leader in terms of growth owing to sizeable number of people suffering from several urinary diseases and rising frequency of chronic diseases. Growing affordability of people is another factor propelling the growth of the market in this region.

The key companies operating in the global catheter stabilization market are M.C. Johnson Company, Inc., Centurion Medical Products, Smiths Group plc, Merit Medical Systems, Inc., B. Braun Melsungen AG, C. R. Bard, Medtronic plc, and 3M Company, among others.

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