Catheter Stabilization Devices Market

Executive Summary

The global catheter stabilization devices market was valued at USD 1.81 billion in 2023, and it is expected to increase at a compound annual growth rate (CAGR) of 4.95% from 2023 to 2033.

The market is expected to be driven by factors such as rising demand for minimally invasive surgeries, a high prevalence of lifestyle diseases such as cardiovascular disease, renal failure, and cancers, an increase in the number of surgeries that may necessitate the use of these devices for postoperative care, and a greater need to reduce catheter-associated complications and infections. The aging of the population contributes to a rise in the use of these gadgets. The World Health Organization (WHO) has proclaimed COVID-19 to be an emergency health issue. The healthcare business had been severely hit by the pandemic. Intubation was one of the most critical treatments for treating COVID-19 patients.

The growing number of corona patients has raised need for ventilators, intubation, and ventilation stabilization equipment such as catheter stabilization devices. IVIG (intravenous immunoglobulin) was used as a supportive treatment for COVID-19 patients. This contributes to an increased demand for catheter stabilizing technology to reduce the dangers associated with catheter movement. However, due to the removal of COVID-19 lockout limitations, the reopening of production plants, and ongoing patient visits, the health service has returned to normal operations. The Catheter Stabilization sector is expected to resume regular operations in the near future as a result of the recent introduction of Catheter Stabilization/Security devices.

Catheter Stabilization Devices Market Dynamics

Growth Drivers

Increased Adoption of Home-Based Catheterization

The growing number of dialysis patients who prefer home treatment has been a major driver of rising demand for catheter stabilization devices, particularly in the context of home hemodialysis. This development has motivated dialysis equipment manufacturers to create novel self-dialyzing systems and services that are specifically designed to facilitate the use of catheters in homes.

Restraint

Availability of Alternative Products

Dressing tapes are a less expensive alternative to catheter securement devices, and they provide a long-standing way for keeping Vascular Access Devices (VADs). Previously, surgical sutures were the primary method for securing VADs in place. However, dressing tapes have developed as a more cost-effective solution, making them a potential option for healthcare institutions wishing to cut expenses without sacrificing the critical function of fastening catheters. Despite their price, dressing tapes' adoption is influenced by the changing landscape of healthcare security measures.

Catheter Stabilization Devices Market Segmentation

In 2021, the arterial securement devices segment dominated the market. Arterial catheters are widely utilized in modern healthcare. This category dominated the market due to the widespread use of arterial catheters in a variety of procedures related to cardiovascular illnesses and cancer therapy. Because of the widespread use of these devices, security is essential for reducing issues related with their use. Arterial catheters are commonly utilized in intensive care units around the world. According to the Rhode Island Medical Journal's August 2014 issue, approximately 6 million artery catheters are implanted annually in the United States. The Australian Vascular Access Society estimates that up to 25% of arterial catheters fail during therapy due to dislodgement, unintentional removal, blockage, or infection. The CVC securement devices segment is predicted to expand the fastest, with a CAGR of 8.1% over the forecast period. CVC securement is gaining popularity due to advantages such as no disruptions during treatments, less repeat surgeries and reinsertions, and lower CVC replacement expenses. Effective securement is vital for severely ill patients who require long-term therapy, such as cancer patients.

In 2021, the hospital category held the majority of the share. A large number of procedures are conducted in hospitals. Catheters have been extensively employed in hospitals for a variety of therapies. Infections connected with their use are common among hospitalized patients. Catheter-Associated Urinary Tract Infections (CAUTI) are the most often reported hospital-acquired infections, and their frequency is increasing. According to the American Nurses Association (ANA), about 560,000 patients get CAUTI each year. Hospital-acquired infections are a severe hazard to patient safety, with the American Journal of Infection Control estimating a cost of over USD 33 billion. Thus, the increasing occurrence of infections in hospitals adds to this segment's substantial market share. The hospitals segment is also predicted to maintain its dominance, with the fastest growth rate during the forecast period. Improving healthcare services in developing countries, as well as the growing number of hospitals around the world, are predicted to contribute to the increased use of stabilizing devices.

Catheter Stabilization Devices Market Competitive Landscape

• R. Bard, Inc.

• Baxter

• 3M

• Centurion Medical Products

• B Braun Melsungen AG

• Merit Medical

• Systems, Inc.

• ConvaTec, Inc.

• TIDI Products LLC

• Smith’s Medical

Recent Developments

In February 2024, Interrad Medical announced a partnership with Vygon UK, to distribute its catheter securement device SecurAcath, across England, Scotland and Wales. With the newest addition to their product range, a 9Fr option, exclusively available through Vygon. This addition to the range enables use on larger multi-lumen CVC lines.

Regional Insights

The catheter securement device market in North America is expected to increase steadily in the foreseeable future. The constant rise is related to the significant increase in the routine usage of these devices in a variety of medical operations. To reduce infection risks and maintain correct catheter function, securement devices must be used while inserting catheters for fluid transmission. The increasing recognition of the necessity of catheter securement in reducing problems has prompted the use of these devices in routine surgical procedures.

Asia-Pacific is expected to increase significantly between 2024 and 2031, due to a variety of factors. The region's large patient population, along with significant unmet healthcare demands, makes it a prime target for market expansion. The growing need for various surgical interventions drives the introduction of medical devices, such as catheter securement devices. A significant increase in public and healthcare professional awareness of the need of safe and efficient catheterization leads to the market's growth. Furthermore, ongoing enhancements to the region's healthcare infrastructure improve access and quality of medical services.

 Catheter Stabilization Devices Market Segmentation

By Products

• Arterial Securement Devices

• Central Venous Catheter Securement Devices

• Peripheral Securement Devices

• Urinary Catheter Securement Devices

• Chest Drainage Tube Securement Devices

• Others

By End-Use

• Hospitals

• Home Care Settings

• Others

By Region

• North America

• Europe

• Asia Pacific

• Latin America

• MEA