CHICAGO, June 12, 2019 /PRNewswire/ -- According to the new market research report "Catheter Stabilization Devices Market by Product ((Arterial, CVS (Portal, Femoral), Chest, Epidural, Peripheral (Nasogastric, Endotracheal, Foley)), Application (Cardiovascular, Respiratory), End User - Global Forecast to 2024", published by MarketsandMarkets™, the Catheter Stabilization Devices Market is projected to reach USD 1.6 billion by 2024 from USD 1.1 billion in 2019, at a CAGR of 7.5% from 2019 to 2024.
Download PDF Brochure:
Market growth is largely driven by factors such as the growing global prevalence of lifestyle diseases such as diabetes and cardiovascular diseases, the rising healthcare expenditure in developing economies as well as the development of technically sound securement devices. Emerging economies are expected to provide a wide range of growth opportunities for players in the market.
Peripheral catheter securement devices are expected to dominate the Catheter Securement Devices Market in 2019.
On the basis of type, the Catheter Securement Devices Market is segmented into arterial securement devices, central venous catheter securement devices, peripheral securement devices, chest drainage tube securement devices, abdominal drainage tube securement devices, epidural securement devices and all site devices. In 2019, peripheral securement devices are expected to account for the largest market share. Growing use of these kits in home care settings and hospitals is driving the growth of this segment.
Browse in-depth TOC on "Catheter Stabilization Devices Market"
76 – Tables
28 – Figures
127 – Pages
Hospitals expected to dominate the Catheter Securement Devices Market in 2019
By end user, the Catheter Securement Devices Market is segmented into hospitals, home care settings, emergency clinics and diagnostic centers. In 2019, hospitals are expected to account for the largest share of 48% of the market. The large share of this segment can be attributed to factors such as the rapidly growing aging population, the increase in hospital reimbursements for surgeries performed in hospitals among others.
Cardiovascular procedures to dominate the Catheter Securement Devices Market in 2019.
The catheter securement devices market, by application is segmented into cardiovascular procedures, respiratory procedures, gastric and oropharangeal procedures, general surgery, urological procedures, radiology and other applications. In 2019, the cardiovascular procedures segment accounted for the largest share of the catheter securement devices market. The large share of this segment can be attributed to the increasing incidence of cardiovascular diseases such as stroke and heart disease across the globe.
Request Sample Pages:
North America commanded the largest share of the Catheter Stabilization Devices Market in 2019.
On the basis of region, the Catheter Stabilization Devices Market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. In 2019, North America commanded the largest share of the catheter securement devices market. The large share of this market segment can be attributed to the increasing incidence of diabetes and heart diseases as well as the increasing adoption of technically sound securement devices in the region.
The major players operating in Catheter Stabilization Devices Market are 3M Company (US), C. R. Bard, Inc. (US), B. Braun Melsungen AG (Germany), Baxter International, Inc. (US), and Cardinal Health (US), ConvaTec Inc. (UK), Merit Medical Systems, Inc. (US), Smiths Group plc (UK), Centurion Medical Products (US), and M.C. Johnson Company, Inc. (US).
Browse Adjacent Markets: Medical Devices Market Research Reports & Consulting
Browse Related Reports:
Urinary Catheters Market by Product (Intermittent, Foley, Condom), Type (Coated, Uncoated), Indication (Urinary Incontinence, Benign Prostate Hyperplasia, Bladder Dysfunction, Spinal Cord Injury), Gender, End User - Global Forecast to 2022
Peripheral Vascular Devices Market by Type (Angioplasty Balloon, Stent, Catheters (Angiography, IVUS), Plaque Modification (Atherectomy, Thrombectomy), Hemodynamic Flow Alteration (Embolic Protection), IVC Filters, Guidewires) - Global Forecast to 2024
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Mr. Shelly Singh
630 Dundee Road
Northbrook, IL 60062
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/catheter-stabilization-device-market.asp
Visit Our Website: https://www.marketsandmarkets.com
Content Source: https://www.marketsandmarkets.com/PressReleases/catheter-stabilization-device.asp