Dublin, Dec. 03, 2024 (GLOBE NEWSWIRE) -- The "Catheter Stabilization Market by Products, End-user and Region" report has been added to ResearchAndMarkets.com's offering. This extensive research report concentrates on the size and projections of the global and regional markets from 2023 to 2034.
The global catheter stabilization market accounted for USD 1.58 billion in 2023 and is expected to reach at USD 4.53 billion by 2034 with a CAGR of 10.03% during the forecast period 2024-2034. The market will grow as a result of the rising incidence of chronic illnesses, the rising need for minimally invasive operations, technological and material advancements, strict regulatory guidelines, and smart alliances and collaborations. 
North America is anticipated to have the highest revenue share during the forecast period owing to the advanced healthcare infrastructure, high prevalence of chronic diseases, and significant adoption of advanced medical technologies.
Additionally, Asia-Pacific is predicted to grow at the fastest CAGR during the forecast period owing to the increasing healthcare expenditure, growing medical tourism, and rising prevalence of chronic diseases. For instance, Starboard Medical, Inc. purchased Braun Medical Inc. in September 2022 after the latter introduced the novel Clik-FIX catheter fixation device series. Peripheral intravenous (IV) therapy patient outcomes and experience will be enhanced by new product and programmatic innovations brought about by the B. Braun purchase.
Report Scope
- Base Year: 2023
- Forecast Period: 2024-2034
Study Coverage
- Market Forecast by Product, End-user and Region
- Market Forecast for 5 Regions and 17+ Countries
- Exhaustive Company Profiles of the Top 10+ Market Players
- 3M Company
- Becton, Dickinson and Company
- Baxter International Inc.
- Smiths Medical
- C. R. Bard Inc. (now part of BD)
- Medtronic plc
- Centurion Medical Products
- Merit Medical Systems Inc.
- Teleflex Incorporated
- Interrad Medical Inc.
- M. C. Johnson Company Inc.
- TIDI Products LLC
- Dale Medical Products Inc.
- Derma Sciences Inc.
- ConvaTec Group plc
- 20% Free Customization Available to Meet Your Exact Requirements
Catheter Stabilization Market Analysis & Forecast by Product 2023-2034 (Revenue USD Bn)
- Arterial Securement Devices
- Central Venous Catheter Securement Devices
- Peripheral Securement Devices
- Urinary Catheter Securement Devices
- Chest Drainage Tube Securement Devices
- Others
By product, the arterial securement devices segment accounted for the highest revenue-grossing segment in the global catheter stabilization market in 2023 owing to the increasing prevalence of cardiovascular diseases and the rising number of arterial catheterizations. For instance, in April 2022, Bedal and Gulf Medical Co. Ltd. (GMC) inked a distribution contract for Bahrain and Saudi Arabia. Catheter stabilization device usage in the Gulf region is dominated by the Bedal products, which GMC will distribute in Bahrain and Saudi Arabia.
Additionally, the CVC securement devices segment is predicted to grow at the fastest CAGR during the forecast period owing to the increasing demand for central venous catheterizations and advancements in securement technologies.
Catheter Stabilization Market Analysis & Forecast by End-User 2023-2034 (Revenue USD Bn)
- Hospitals
- Home Care Settings
- Others
By end-user, the hospital segment accounted for the highest revenue-grossing segment in the global catheter stabilization market in 2023 and is predicted to grow at the fastest CAGR during the forecast period owing to the increasing number of hospital admissions and surgical procedures requiring catheter use. For instance, Starboard Medical, Inc. purchased Braun Medical Inc., a company well-known for its catheter stabilization devices, in September 2022. The acquisition underscores the market's emphasis on innovation, as Starboard seeks to enhance patient experience by utilizing Braun's Clik-FIX catheter fixation system.
Catheter Stabilization Market Analysis & Forecast by Region 2023-2034 (Revenue USD Bn)
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- UK
- Spain
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of LATAM
- Middle East & Africa
- South Africa
- GCC
- Rest of MEA
Key Attributes
| Report Attribute | Details |
| No. of Pages | 200 |
| Forecast Period | 2023-2034 |
| Estimated Market Value (USD) in 2023 | $1.58 Billion |
| Forecasted Market Value (USD) by 2034 | $4.53 Billion |
| Compound Annual Growth Rate | 10% |
| Regions Covered | Global |
For more information about this report visit https://www.researchandmarkets.com/r/x08n2e
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