Catheter Securement Devices Market Size, Share and Global Trend By Product (Arterial catheter securement devices, Peripheral catheter securement devices, Abdominal drainage tube securement devices), By Application (General surgery, Cardiology, Urology, Oncology), By End-user (Hospitals, Specialty clinics, Ambulatory surgical centers, Home care settings) and Regional Forecast, 2024-2032
KEY MARKET INSIGHTS
Catheters are widely used in case of both inpatients and outpatients in the healthcare environment. According to The Joint Commission monograph “A Global Challenge, A Global Perspective”, approximately 300 million catheters are used annually in the U.S and almost 250,000 central venous catheters (CVCs) are used every year in the U.K. The risk of infection from the use of catheters coupled with increased length of stay and health expenses, have led to the use of catheter securement devices.
The catheter securement devices are commonly available in the form of strap or adhesives, and provide stabilization to the catheters, thus preventing infections. The government of various countries is actively supporting the use of catheter securement devices, which have led to greater adoption and increased the availability of securement devices.
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The growth in global catheter securement devices market is driven by the gain in the use of catheters by healthcare providers, an increase in a number of manufactures and emerging government guidelines for the use of securement devices. In addition, the increased incidences of catheter associated infections are also excepted to fuel the global catheter securement devices market during the forecast years.
According to the Centers for Disease Control and Prevention, among all the hospital acquired UTIs in the U.S., approximately 75% are associated with a urinary catheter, indicating a rise in the use of catheter securement devices.
On the flip side, the high cost associated with the catheter securement devices is a major factor that can hinder the growth of global catheter securement devices market during the forecast period.
Key Players Covered
Some of the major companies that are present in the global catheter securement devices market are C. R. Bard, Merit Medical Systems, Baxter, B. Braun Melsungen AG, Medline Industries Inc., TIDI Products LLC., 3M, ConvaTec Inc., Smiths Group plc., Centurion Medical Products, and other players.
SEGMENTATION
SEGMENTATION | DETAILS |
By Product | · Arterial catheter securement devices · Peripheral catheter securement devices · Central venous catheter securement devices · Abdominal drainage tube securement devices · Others |
By Application | · General surgery · Cardiology · Urology · Oncology · Others |
By End-user | · Hospitals · Specialty clinics · Ambulatory surgical centers · Home care settings · Others |
By Geography | · North America (USA and Canada) · Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe) · Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific) · Latin America (Brazil, Mexico and Rest of Latin America) · Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa) |
At present, urology and general surgery segments are anticipated to register the highest share in the global catheter securement devices market owing to the increasing prevalence of urinary incontinence in the geriatric population.
Key Insights
- Overview of government guidelines for the use of securement devices
- Key start-ups with their funding overview
- Key mergers and acquisitions
- Overview of the number of catheters used for key countries
Regional Analysis
The global catheter securement devices market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The catheter securement devices market is projected to expand in North America and Europe during the forecast years owing to the government support and guidelines for the use of securement devices. The Centers for Disease Control and Prevention in the U.S. and National Institute for Health and Care Excellence in the U.K. recommends the use of securement devices in order to reduce the risk of catheter-related infections. The catheter securement devices market in the Asia Pacific is estimated to have a substantial growth owing to the increased use of catheter by the aging population.
Key Industry Developments
- In June 2018, Interrad Medical Inc. received 510(k) approval from the U.S Food and Drug Administration for the company’s SecurAcath for the long term and short term securement of indwelling catheters.
- In May 2019, Dale Medical Products, Inc. launched Hold-n-Place Catheter Securement products for IV, mid-line and arterial stabilisation.
- In May 2017, BD issued a Class 2 recall letter for the company’s StatLock IV Premium Catheter Stabilization Device owing to packaging of incorrectly sized retainer tips.
- Ongoing
- 2023
- 2019-2022
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