Vision Research Report, Recently Announced New Report on “catheter stabilization devices market – Global Industry Analysis, Market Size, Share, Growth, Trends, Region Outlook, And Segment Forecasts, 2021 – 2030″.
Global “catheter stabilization devices market” Report 2021 covering manufacturers, regions, segments, forecast to 2030 is that the recent research report with correct information and extremely authentic info. The report provides insights on market share, market size, rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, and distributors. The catheter stabilization devices research report focuses on the competitive surroundings that has section on company profile covering product specifications, geographical coverage, recent developments, revenue analysis, and market shares. what is more, the report offers strategic recommendations so as to help the consumers to align business goals.
The catheter stabilization devices market revenue share is set to grow at a yearly rate of 7.8% during 2021-2030, while its valuation is Projected to jump from $ 1.50 Bn in 2020 to $2.68 Bn in 2030.
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Global catheter stabilization devices market report provides key statistics on the state of the trade and could be a valuable supply of steerage and direction for corporations and people curious about the market. The catheter stabilization devices trade trends and promoting channels analysed. catheter stabilization devices Market discovers numerous topics like regional market scope, product market numerous applications, market size consistent with specific product, sales and revenue by region, producing analysis, Industrial Chain, Market result Factors Analysis, market size forecast, and more. Finally, the practicableness of latest investment comes is evaluated and overall analysis conclusions offered.
Product Insights
In 2020, the arterial securement devices segment held the largest share in the market. Arterial catheters are frequently used worldwide in routine modern healthcare practices. This segment held the majority of the market share owing to the extensive use of arterial catheters in a large number of surgeries associated with cardiovascular diseases and cancer therapies. The wide use of these devices makes securement important to reduce complications associated with their use.
Arterial catheters are widely used for interventions in ICUs globally. Rhode Island Medical Journal in its August 2014 issue stated that an estimated 6 million arterial catheters are placed in the U.S. each year. According to the Australian Vascular Access Society, up to 25% of the arterial catheters fail during treatment owing to dislodgement, accidental removal, occlusion, or infection.
The CVC securement devices segment is expected to grow at the fastest rate with a CAGR of 7.5% during the forecast period. CVC securement is gaining importance owing to benefits such as the absence of interruptions during treatments, few repeat procedures & reinsertions, and a decrease in CVC replacement costs. An effective securement is crucial for critically ill patients requiring long-term therapy such as in the case of cancer.
End-use Insights
In 2020, the hospital segment held the majority of the share. A high number of surgeries are being performed in hospitals. Catheters have been widely used in hospitals for various kinds of treatments. The prevalence of infections associated with their usage is high in hospitalized patients. Catheter-Associated Urinary Tract Infections (CAUTI) are the most commonly reported hospital-acquired infections and their prevalence continue to increase.
According to American Nurses Association (ANA), more than 560,000 patients acquire CAUTI every year. Hospital-acquired infections are one of the major threats to patient safety and the American Journal of Infection Control estimates that these infections cost around USD 33 billion. Thus, the growing prevalence of infections in hospitals contributes to the large share held by this segment.
The hospitals segment is also expected to continue its dominance with the fastest growth rate over the forecast period. Improving healthcare services in developing regions and the increasing number of hospitals globally is expected to contribute to the growing usage of stabilization devices.
Regional Insights
North America dominated the catheter securement devices market in 2020 with the highest revenue share. The large share of this region can be attributed to the high number of surgeries, which leads to an increase in the demand for stabilization devices Wide adoption of catheterization techniques in examination, diagnosis, and treatment is also one of the factors responsible for catheter securement device market growth. Increasing usage of intravascular catheters in this region is further anticipated to drive the market.
The U.S. is the largest market in this region and across the globe due to the increase in the number of catheter placements. According to the Joint Commission, an estimated 300 million catheters are used each year in the U.S. of which nearly 3 million are central venous. High prevalence of CLABSIs and CAUTIs increases the need to curb these infections, which is anticipated to drive the market.
The Asia Pacific is expected to exhibit the fastest growth over the next few years owing to a large patient pool, growing target population, high unmet needs, and improving infrastructure in the region. Growing demand for various surgeries, improving healthcare facilities, and increasing awareness among the public and professionals are expected to boost growth in this region.
Key Players
Some of the significant players are C.R. Bard, Inc.; Baxter; 3M, Centurion Medical Products; B Braun Melsungen AG; Merit Medical Systems, Inc.; ConvaTec, Inc.; TIDI Products, LLC; and Smiths Medical.
Market Segmentation
Products Outlook
End-Use Outlook
Regional Outlook
Global Catheter stabilization devices Market: Drivers and Restrains
The analysis report has incorporated the analysis of various factors that augment the market’s growth. It constitutes trends, restraints, and drivers that remodel the market in either a positive or negative manner. This section additionally provides the scope of various segments and applications that may probably influence the market within the future. The elaborated info is predicated on current trends and historic milestones. This section additionally provides an analysis of the amount of production regarding the world market and regarding every kind from 2021-2030.
COVID-19 impact on the Catheter stabilization devices market
COVID-19 is associate communicable disease caused by the novel coronavirus. for the most part unknown before this happening across the world, COVID-19 has captive from a regional crisis to a worldwide pandemic in precisely a matter of a number of weeks. the world Health Organization (WHO) declared COVID-19 as an epidemic on March 11, 2021.
COVID-19 has compact most the industries across the world by disrupting provide chains and impeding numerous industrial operations. COVID-19-responsive measures undertaken by governments, like lockdown and social distancing, led to the closure of producing plants in the initial stage of the pandemic. With only a few industrial operations allowed, the demand for numerous input product within the industrial sector has declined considerably.
Key Highlights Involved in the Market Research Report: –
catheter stabilization devices Market Study Coverage: It includes key market segments, key makers covered, the scope of product offered within the years thought of, world catheter stabilization devices Market and study objectives. in addition, it touches the segmentation study provided within the report on the idea of the sort of product and applications.
Catheter stabilization devices Market executive Summary: This section emphasizes the key studies, market rate, competitive landscape, market drivers, trends, and problems additionally to the gross indicators.
Catheter stabilization devices Market Production by Region: The report delivers knowledge associated with import and export, revenue, production, and key players of all regional markets studied area unit coated during this section.
Catheter stabilization devices Market Profile of Manufacturers: Analysis of every market player profiled is elaborated during this section. This section conjointly provides SWOT analysis, products, production, value, capacity, and different very important factors of the individual player.
The report delivers a comprehensive study of all the segments and shares info concerning the leading regions within the market. This report additionally states import/export consumption, offer and demand Figures, cost, business share, policy, price, revenue, and gross margins.
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