The report “Catheter
Stabilization Device/Catheter Securement Devices Market by Product
(Portal, Epidural, Peripheral, Femoral, Nasogastric, Endotracheal), Application
(Cardiovascular, Respiratory, Urological, Gastric, Radiology), End User –
Global Forecast to 2020”The global
securement devices market is expected to reach $1,372.35 Million by 2020 from
$957.26 Million in 2015, growing at a CAGR of 7.47% between 2015 and 2020.
Browse 72 market
data tables and 97 figures spread through 156 pages and in-depth TOC on “Catheter
Stabilization Device/Catheter Securement Devices Market”
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Catheter
stabilization device market refers to a wide range of catheter devices aimed at
ensuring the quality and purity of products used in hospitals, emergency
clinics, home healthcare providers, and diagnostic centers. Increasing
healthcare expenditures and demand for minimal invasive surgeries will drive
the growth of the securement devices market.
Increasing healthcare expenditure will aid the growth of the
securement devices market. Today, healthcare expenditure constitutes a
significant part of the development budget of all countries. It consists of spending
by both public and private sources on medical goods and services. Rapid
economic development across the globe is expected to improve access to quality
healthcare. Increasing healthcare expenditure will lead to a rise in the demand
for quality healthcare and will be an important growth driver for the
securement devices market. According to estimates from the World Bank, global
healthcare spending increased at a CAGR of 7.45% from 2003 to 2012, from $3,829
Billion in 2003 to $7,310 Billion in 2012. In the same period, the global
public healthcare spending increased from $2,207 Billion in 2003 to $4,352
Billion in 2012, at a CAGR of 7.84%. This high growth rate, along with the
substantial size of healthcare spending, will act as an important driver for hospitals
and diagnostics centers, which are the major end-user segments of the
securement devices market.
The securement devices market is segmented on the basis of by
products, applications, and end users. Of these, the global securement devices
market products segment comprises of arterial securement devices, central
venous catheter securement devices, peripheral securement devices, abdominal
drainage tubes securement devices, epidural securement devices, chest drainage
tube securement devices, and all-site devices. Arterial securement devices had
the largest share of the securement devices market in 2015 and central venous
catheter securement devices are expected to grow at the highest CAGR between
2015 and 2020.
The applications included in this report are general surgery,
cardiovascular procedures, respiratory procedures, urological procedures,
gastric and oropharyngeal procedures, radiology and other applications. The
cardiovascular procedures applications had the largest share of the securement
devices market in 2015. The cardiovascular procedures applications are expected
to one of the fastest growing applications between 2015 and 2020.
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The geographic segments included in this report are North
Americas, Europe, Asia and Rest of the World (RoW). North America has the
largest share of this market in 2015, while Asia is expected to grow at the
fastest rate during the forecast period. Growth in the Asian securement devices
market will primarily be driven by the aging population in this region.
The major players in the securement devices market include
Medtronic plc (U.S.), 3M Company (U.S.), C. R. Bard, Inc. (U.S.), Baxter
International, Inc. (U.S.) , B. Braun Melsungen AG (Germany), ConvaTec Inc.
(U.S.), Merit Medical Systems, Inc. (U.S.), Smiths Group plc (U.K.), Centurion
Medical Products (U.S.), and M.C. Johnson Company, Inc. (U.S.).
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