WiseGuyReports.com adds new report on “Global Catheter Stabilization Device Market 2016-2020” of 40 pages with table and figures on its research store.
This market research report includes a detailed segmentation of the global catheter stabilization device market by insertion route (central venous catheters and peripheral intravenous catheters) and by product (standalone catheter stabilizations and integrated catheter stabilization). It also outlines the market shares for key regions such as the Americas, APAC, and EMEA. The key vendors analyzed in this report are 3M, BD, C.R. Bard, and TIDI Products.
An outlook of the global catheter stabilization device market
Technavio’s market research analyst predicts the global catheter market to grow steadily at a CAGR of over 8% during the forecast period. The increase in MI surgeries and procedures is one of the major drivers boosting the growth of the market. The use of MI surgeries is on the rise due to its advantages such as shorter hospital stay, reduced pain, and help in faster recovery as compared with traditional open surgeries. Hence, the increase in MI procedures is leading to the high demand for stabilization device, thereby elevating the overall market growth.
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The increase in adoption of integrated or closed catheter systems is also expected to boost the market growth during the forecast period. Integrated or closed catheter systems are advanced, high-performance catheters that consist of a closed system for blood control and a smooth, tapered hub for easy insertion. These devices provide increased patient safety benefits, high stability with a 360-degree stabilization frame, and maximum patient comfort. Over the next few years, the development and launch of integrated catheter systems are expected to progress significantly, thus expediting the growth of the catheter stabilization device market.
Insertion route segmentation and analysis of the catheter stabilization device market
- Central venous catheter stabilization devices
- Peripheral intravenous catheter stabilization devices
The central venous catheter stabilization devices segment dominated the market in 2015, with a market share of over 50%. Increasing prevalence of central line associated catheter infections is the key factor contributing to the growth of the market.
Geographical segmentation and analysis of the catheter stabilization device market
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By occupying more than half of the market share, the Americas were the biggest market for catheter stabilization device during 2015, with the US being the largest revenue contributor. Apart from the US, emerging countries such as Brazil and Latin America also present tremendous opportunities for growth owing to the increase in healthcare spending and improvement in the standardization of protocols.
Competitive landscape and key vendors
The growing demand for catheter stabilization device, especially in the emerging economies, present many opportunities for the suppliers in the global catheter stabilization device market to launch their products. Also, many vendors are collaborating and adopting the strategy of partnership with other providers for the distribution of products in untapped markets.
The leading vendors in the market are -
- C.R. Bard
- TIDI Products
Other prominent vendors in the market include Baxter, BIODERM, Centurion Medical Products, ConvaTec, Dale Medical Products, Interrad Medical, MAQUET, M. C. Johnson, Merit Medical Systems, Smiths Medical, Tangent Medical Technologies, and VICTUS.
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