A recent report published by Infinium Global Research on catheter securement devices market provides an in-depth analysis of segments and sub-segments in the global as well as regional catheter securement devices market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional catheter securement devices market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global catheter securement devices market. According to the report, the global catheter securement devices market is projected to grow at a CAGR of 7.1% over the forecast period of 2019-2025.
Catheter securement devices are used to securely hold the catheter. It helps patients in easy movement. It prevents urine backflow during catheter movement. Companies operating in the global catheter securement devices market are adopting strategies such as mergers, acquisitions, and new product launches that propel their market share.
The rising number of heart-related diseases drives the growth of the catheter securement devices market. The increasing geriatric population contributes to the growth of the catheter securement devices market. Catheter securement devices provide minimally-invasive surgeries. The rising demand for minimally-invasive surgical procedures stimulates the growth of the catheter securement devices market. The surge in healthcare expenditure propels the growth of the catheter securement devices market. The rising awareness about advanced treatments promotes the growth of the catheter securement devices market. In addition, the increasing incidences of chronic lifestyle diseases fuel the growth of the catheter securement devices market. On the flip side, the high cost and availability of alternatives hamper the growth of the catheter securement devices market. Moreover, research and development in the healthcare sector encourage innovations that create novel opportunities for the growth of the catheter securement devices market.
Geographically, the global catheter securement devices market is divided into North America, Asia-Pacific, Europe, and the Rest of the World. North America is expected to have a premium share in the global catheter securement devices market. The surge in the use of catheter securement devices in routine operating procedures in North America contributes to the growth of the catheter securement devices market in North America. Europe is anticipated to grow in the global catheter securement devices market with a healthy CAGR over the forecast period. The rising adoption of advanced technologies in Europe stimulates the growth of the catheter securement devices market in Europe. Asia-Pacific is growing in the global catheter securement devices market. The growing expansion of the medical industry in countries like India, China drives the growth of the catheter securement devices market in Asia-Pacific.
The report on global catheter securement devices market covers segments such as product, application, and end-user. On the basis of product, the sub-markets include central venous securement devices, peripheral securement devices, arterial securement devices, chest drainage tube securement devices, abdominal drainage tubes securement devices, epidural securement devices, and all sites devices. On the basis of application, the sub-markets include cardiovascular procedures, respiratory procedures, general surgery, urological procedures, and other applications. On the basis of end-user, the sub-markets include hospitals, emergency clinics, diagnostic centers, and home healthcare providers.
The report provides profiles of the companies in the market such as B. Braun Melsungen AG, Baxter International, Inc., C.R. Bard, Inc., Centurion Medical Products Corporation, 3M Company, Medtronic plc, Merit Medical Systems, Inc., Smiths Group plc, M. C. Johnson Company, Inc., ConvaTec Group Plc, and other companies.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of catheter securement devices market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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