Catheter stabilization devices: Key market research findings
- Americas dominate the market geographically
- PIVCs account for majority of the market’s revenue
- Key vendors – 3M, BD, C.R. Bard, and TIDI Products
Technavio’s market research analysts predict the global catheter stabilization market to grow at a CAGR of more than 8% between 2016 and 2020. Catheter-related infections occur in patients during the insertion of peripheral catheters into the veins and can lead to fever, leukocytosis, septic shock, or even multiple organ failures. As a result, the demand for catheter stabilization devices will be augmented by the need to reduce instances of catheter-related infections. In terms of geography, the Americas account for more than 62% of the total market share and will dominate the global catheter stabilizer market through the forecast period. The recent rise in the incidence of chronic diseases will be stimulated by the growing geriatric population in the region, which will, in turn, spur the need for catheter stabilization devices.
The new market research report from Technavio presents a breakdown and analysis of the global catheter stabilization device segments based on application.
“Recently, there has been an increase in the adoption of integrated or closed catheter systems as they come with an in-built catheter stabilization device and consist of a closed system for controlling the flow of blood. Integrated catheter systems consist of an in-built safety system that gets activated automatically, resulting in minimized chances of accidental needle stick injury,” says Barath Palada, Lead Analyst, Healthcare & Lifesciences, Technavio Research.
During 2015, peripheral intravenous catheter (PIVCs) stabilization devices accounted for a 70% share of the global catheter stabilization devices market to become the dominant shareholder in the market. PIVCs are inserted through small peripheral veins to offer access for administering medications, packed cells, blood products, and IV fluids, such as dextrose and parenteral nutrition. These devices can be further classified into Foley catheters, continuous nerve block catheters, nasogastric tubes, endotracheal tubes, and ventriculoperitoneal shunts.
The key vendors in the global catheter stabilization devices market include 3M, BD, C.R. Bard, and TIDI Products. 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.
A more detailed analysis is available in the Technavio report, Global Catheter Stabilization Devices Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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