Catheter Stabilization Devices Market Size
| Study Period | 2021 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 6.50 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Catheter Stabilization Devices Market Analysis
Over the next few years, the market for catheter stabilization devices is expected to grow at a CAGR of 6.5%.
The pandemic has significantly impacted the market for catheter stabilization devices. Due to the increasing number of COVID-19 patients, the demand for intubation, ventilators, and ventilation stabilization supplies such as catheter securement devices increased to a great extent. However, the number of surgical procedures decreased during the pandemic, which reduced the demand for catheter stabilization devices during the COVID-19 pandemic. For instance, according to the NCBI research article published in June 2021, it was observed that post-lockdown daily out-patient visits were reduced to four patients per day in India, and around 77.0% of the professionals did not perform even a single surgical procedure during the pandemic. Furthermore, only urgent surgeries were allowed during the pandemic, and most cardiac procedures were canceled or postponed due to the diversion of resources toward the affected patients. Thus, the pandemic imposed a slight negative impact on the market. However, with the declining cases of COVID-19 and the resumption of surgical procedures, the market started to gain momentum and is anticipated to maintain the upward trend over the forecast period.
The growing burden of lifestyle diseases, the increasing demand for minimally invasive surgeries, and growing awareness pertaining to catheter-related complications are the major factors propelling market growth. For instance, according to the data published by the European Heart Network in 2021, in the European Union, more than 60.0 million people live with cardiovascular disease, and close to 13.0 million new cases of cardiovascular disease are diagnosed every year. Similarly, according to a study published by the British Heart Foundation in July 2021, there were more than 7.5 million people with heart disease in the United Kingdom and nearly 170,000 deaths each year, an average of 460 fatalities each day or one death every three minutes, in the United Kingdom due to cardiovascular disorders (CVDs). As catheter stabilization devices are frequently used in cardiovascular surgeries, the high prevalence of cardiovascular diseases indicates that the demand for such devices is expected to increase over the forecast period, thereby spurring market growth.
In addition, several market players are implementing strategic initiatives, which are contributing to market growth. For instance, in June 2021, STARBOARD MEDICAL, INC., a medical technology company focused on improving the securement of patient catheters, announced that the United States Patent and Trademark Office (USPTO) recently issued another United States Patent, No. 11,020,566 B2, for Starboard's Clik-FIX catheter securement line. The awarded patent further strengthens the company's intellectual property portfolio, expanding its patent claims and solidifying new design improvements. Therefore, such a scenario may create new opportunities in the market, which may favor market growth over the forecast period.
However, the preference for alternative products and product recalls may likely restrain market growth over the forecast period.
Catheter Stabilization Devices Market Trends
This section covers the major market trends shaping the Catheter Stabilization Devices Market according to our research experts:
Urinary Catheters Securement Devices Segment is Expected to Witness Significant Growth Over the Forecast Period
A catheter securement device, or retaining device, is a product that is used to secure an indwelling urinary catheter. It is essential to prevent urethral trauma. A catheter securement device, or retention device, is a product used to secure an indwelling urinary catheter. It is essential to avoid trauma to the urethra. Failure to secure the catheter can lead to urethral damage and inflammation. This could cause pain, discomfort, and a high risk of infection for the patient.
The major factors fueling the segment's growth are the implementation of strategic initiatives by the market players. The increasing number of chronic kidney diseases leading to kidney transplants and surgical procedures is also propelling segment growth. For instance, as per the research report published by the Health Resources & Services Administration (HRSA) in March 2022, around 24,670 kidney transplants were performed in the United States in 2021. As urinary catheter stabilization devices are used in renal transplantation procedures, an increasing number of transplantation procedures indicates a significant demand for these devices. In addition, several market players are engaged in implementing strategic initiatives, which is also boosting segment growth. For instance, in November 2021, CATHETRIX, an innovative developer of urinary (Foley) smart catheter fixations, presented its new catheter stabilizer for the prevention of UTIs and accidental Foley catheter extractions at MEDICA 2021, which took place between November 15-18 in Düsseldorf, Germany.
Thus, owing to the increasing transplantation procedures and product launches, the segment is expected to witness significant growth over the forecast period.
North America is Expected to Witness Considerable Growth Over the Forecast Period
North America is expected to witness significant market growth over the forecast period. The major factors contributing to the market's growth are the growing number of surgical procedures, the presence of strong market players, and improved healthcare infrastructure. For instance, according to the CDC article in September 2021, heart diseases are the leading cause of death in the United States. The same source also reports that every year about 805,000 Americans have a heart attack. As the mortality due to heart diseases is low in the region, there is a continuous need for treatment devices for such diseases. For instance, according to the CDC report in 2021, more than 600,000 women in the United States have a hysterectomy every year. All these procedures require catheter stabilization devices, owing to which an increasing number of chronic diseases and surgical procedures are expected to boost market growth in the region.
Key product launches, a high concentration of market players or manufacturers' presence, acquisitions and partnerships among major players, and increasing cases of chronic diseases in the United States are some of the factors driving the growth of the catheter stabilization devices market in the country. Several market players are launching new products, which is boosting market growth. For example, in March 2021, Argon Medical Devices introduced the Skater mini-loop drainage catheter, which is placed through the skin using image guidance as a minimally invasive procedure for removing or draining unwanted fluid collection. Thus, due to the above-mentioned factors, the market is expected to witness significant growth over the forecast period in the North American region.
Catheter Stabilization Devices Industry Overview
The catheter stabilization devices market is moderately competitive with the presence of several global and international players. The key players are adopting different growth strategies to enhance their market presence, such as partnerships, agreements, collaborations, new product launches, geographical expansions, mergers, and acquisitions. Some of the major players in the market are B. Braun SE, Baxter, Becton, Dickinson & Company, Centurion Medical Products, and 3M, among others.
Catheter Stabilization Devices Market Leaders
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Baxter
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Becton, Dickinson & Company
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Medline Industries Inc.
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3M
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B.Braun SE
*Disclaimer: Major Players sorted in no particular order
Catheter Stabilization Devices Market News
- April 2022: Bedal and Gulf Medical Co. Ltd. (GMC) signed a distribution agreement for Saudi Arabia and Bahrain. The Bedal products will be distributed by GMC in the Saudi Arabian and Bahraini markets, representing a major part of the market for the usage of catheter stabilization devices in the Gulf region.
- March 2022: Tractus Vascular reported the first human use of its Tractus Crossing Support Catheter.
Catheter Stabilization Devices Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Overview
-
4.2 Market Drivers
- 4.2.1 Growing Burden of Lifestyle Diseases
- 4.2.2 Increasing Demand for Minimally Invasive Surgeries
- 4.2.3 Growing Awareness Pertaining to Catheter-related Complications
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4.3 Market Restraints
- 4.3.1 Preference for Alternative Products
- 4.3.2 Product Recalls
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4.4 Porter's Five Forces Analysis
- 4.4.1 Threat of New Entrants
- 4.4.2 Bargaining Power of Buyers/Consumers
- 4.4.3 Bargaining Power of Suppliers
- 4.4.4 Threat of Substitute Products
- 4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION (Market Size by Value - USD Million)
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5.1 By Product
- 5.1.1 Arterial Securement Devices
- 5.1.2 Central Venous Catheter Securement Devices
- 5.1.3 Peripheral Securement Devices
- 5.1.4 Urinary Catheters Securement Devices
- 5.1.5 Chest Drainage Tube Securement Devices
- 5.1.6 Other Securement Devices
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5.2 By End-User
- 5.2.1 Hospitals
- 5.2.2 Home care Settings
- 5.2.3 Other End-Users
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5.3 Geography
- 5.3.1 North America
- 5.3.1.1 United States
- 5.3.1.2 Canada
- 5.3.1.3 Mexico
- 5.3.2 Europe
- 5.3.2.1 France
- 5.3.2.2 Germany
- 5.3.2.3 United Kingdom
- 5.3.2.4 Italy
- 5.3.2.5 Spain
- 5.3.2.6 Rest of Europe
- 5.3.3 Asia-Pacific
- 5.3.3.1 China
- 5.3.3.2 Japan
- 5.3.3.3 India
- 5.3.3.4 Australia
- 5.3.3.5 South Korea
- 5.3.3.6 Rest of Asia-Pacific
- 5.3.4 Middle East and Africa
- 5.3.4.1 GCC
- 5.3.4.2 South Africa
- 5.3.4.3 Rest of Middle East and Africa
- 5.3.5 South America
- 5.3.5.1 Brazil
- 5.3.5.2 Argentina
- 5.3.5.3 Rest of South America
6. COMPETITIVE LANDSCAPE
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6.1 Company Profiles
- 6.1.1 3M
- 6.1.2 B. Braun SE
- 6.1.3 Baxter
- 6.1.4 BD (C.R. Bard)
- 6.1.5 ConvaTec Group PLC
- 6.1.6 Medline Industries Inc.
- 6.1.7 Medtronic PLC
- 6.1.8 Merit Medical Systems
- 6.1.9 TIDI Products LLC
- 6.1.10 Tractus Vascular
- 6.1.11 Argon Medical Devices
- 6.1.12 Levity Products Incorporated
- 6.1.13 CATHETRIX
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject To AvailablityCatheter Stabilization Devices Industry Segmentation
As per the scope of the report, a catheter stabilization device or retaining device is a product that is used to secure an indwelling urinary catheter. Catheter stabilization devices have been grouped into three major categories: sutures, sutureless devices, and tapes and dressings. Catheter stabilization is used to preserve the integrity of the access device and to prevent catheter migration and loss of access. The catheter stabilization devices market is segmented by product (arterial securement devices, central venous catheter securement devices, peripheral securement devices, urinary catheter securement devices, chest drainage tube securement devices, and other securement devices), end user (hospitals, home care settings, and other end users), and geography (North America, Europe, Asia-Pacific, the Middle East and Africa, and South America). The market report also covers the estimated market sizes and trends for 17 different countries across major regions globally. The report offers a value (USD million) for the above segments.
| By Product | Arterial Securement Devices | |
| Central Venous Catheter Securement Devices | ||
| Peripheral Securement Devices | ||
| Urinary Catheters Securement Devices | ||
| Chest Drainage Tube Securement Devices | ||
| Other Securement Devices | ||
| By End-User | Hospitals | |
| Home care Settings | ||
| Other End-Users | ||
| Geography | North America | United States |
| Canada | ||
| Mexico | ||
| Geography | Europe | France |
| Germany | ||
| United Kingdom | ||
| Italy | ||
| Spain | ||
| Rest of Europe | ||
| Geography | Asia-Pacific | China |
| Japan | ||
| India | ||
| Australia | ||
| South Korea | ||
| Rest of Asia-Pacific | ||
| Geography | Middle East and Africa | GCC |
| South Africa | ||
| Rest of Middle East and Africa | ||
| Geography | South America | Brazil |
| Argentina | ||
| Rest of South America |
Catheter Stabilization Devices Market Research FAQs
What is the current Catheter Stabilization Devices Market size?
The Catheter Stabilization Devices Market is projected to register a CAGR of 6.5% during the forecast period (2024-2029)
Who are the key players in Catheter Stabilization Devices Market?
Baxter, Becton, Dickinson & Company, Medline Industries Inc., 3M and B.Braun SE are the major companies operating in the Catheter Stabilization Devices Market.
Which is the fastest growing region in Catheter Stabilization Devices Market?
Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Catheter Stabilization Devices Market?
In 2024, the North America accounts for the largest market share in Catheter Stabilization Devices Market.
What years does this Catheter Stabilization Devices Market cover?
The report covers the Catheter Stabilization Devices Market historical market size for years: 2021, 2022 and 2023. The report also forecasts the Catheter Stabilization Devices Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Catheter Stabilization Devices Industry Report
Statistics for the 2024 Catheter Stabilization Devices market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Catheter Stabilization Devices analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
