The global Catheter Stabilization Devices Market size is expected to reach USD 2.4 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 7.3% from 2022 to 2030. The increasing usage of catheters, growing demand for minimally invasive surgeries, increasing prevalence of lifestyle-related diseases, rising number of surgeries being performed, and population aging are key contributors to market growth.
Intravascular catheters have become an
essential part of patient care in hospitals and other healthcare settings.
According to the Joint Commission, 3 million central venous catheters (CVC) are
used in the U.S. annually, and around 250,000 CVCs are used in the U.K.
annually. However, the rising use of catheters increases the risk of
bloodstream infections related to its usage. Dislodgement, migration,
accidental removal, or occlusion of catheters may lead to infections and
complications and may pose a risk to patient safety. Thus, the surging number
of catheter placements is one of the key contributors to the growth of this
market.
Growing awareness among healthcare
professionals and the increasing need to reduce the burden of
catheter-associated infections are also expected to boost the adoption of
stabilization devices. Catheter securement is crucial for reducing related
infections & complications and thus, is gaining significance in patient
care. Various national and government organizations, such as the CDC,
Australia, and New Zealand Urological Nurses Society (ANZUNS), and Occupational
Safety and Health Administration (OSHA), issue guidelines that recommend the
use of securement devices in the treatment of patients.
The emergence of COVID-19 had slowed the
market growth. The reason for this is a shortfall of raw materials for
manufacturing equipment, supply chain slowdowns, manufacturing, and supply
unit shutdowns, and a decrease in inpatient admissions to medical facilities.
The COVID-19-affected patients were given priority, which resulted in the
cancellation and delaying of all surgical treatments
Related Press Release@ Catheter Stabilization Devices Market Report
Catheter
Stabilization Devices Market Report Highlights
- The arterial securement devices segment held the
majority of the revenue share in 2021 due to the frequent and widespread
use of arterial catheters in modern healthcare practices
- CVC securement devices are expected to exhibit the
highest growth during the forecast period due to their increasing usage in
cardiac procedures
- Hospitals dominated the end-use segment in 2021 due
to the large number of surgeries performed in hospitals and a high
prevalence of infections
- North America dominated the global catheter
securement devices market owing to increasing awareness levels, aging
population, and large usage of catheters
- According to the Health Resources and Services
Administration (HRSA), approximately 39,000 transplants were done in the
U.S. in 2021. This statistic suggests a considerable demand for urinary
catheter stabilization equipment, which is utilized in renal
transplantation surgeries.
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
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