Global Catheter Stabilization Device Market is expected to register a CAGR of 7.1% during the forecast period of 2018 to 2023.Catheter stabilization device are the new standard of excellence for suture-free stabilization of biliary and nephrostomy percutaneous drainage, and peritoneal lavage catheters. These devices are used to secure catheters and infusion or drainage devices and to facilitate their operations. Furthermore, growing prevalence of cardiovascular diseases is driving the growth of the market. According to the World Health Organization in 2017, cardiovascular diseases were the main cause of the deaths across the global. It was estimated that in 2015, approximately 17.7 million people died from cardiovascular diseases, repressing 31% of all the global deaths. Of these deaths, an estimated 7.4 million were due to the coronary heart diseases and 6.7 million were due to stroke. Moreover in 2017, according to the American Heart Association, 801,000 deaths in the U.S. were accounted for the cardiovascular diseases. Moreover, the global cost for cardiovascular diseases is estimated to reach USD 1044 billion by 2030 from USD 863 billion in 2010.

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Segmentation:

The Global Catheter Stabilization Device Market is segmented based on product type, application, end user, and region.On the basis of product type, the market is segmented into Arterial Securement Devices, Central Venous Catheter Securement Devices (further sub segmented into PICC Securement Devices, Subclavian Securement Devices, Midlines Securement Devices, Femoral Securement Devices, Portal Securement Devices, Jugular Securement Devices) Peripheral Securement Devices (further sub segmented into Foley Catheter Securement Devices, Nasogastric Tubes Securement Devices, Endotracheal Tube Securement Devices, Ventriculoperitoneal Securement Devices, Continuous Nerve Block Catheter Securement Devices) Chest Drainage Tube Securement Devices, Abdominal Drainage Tubes Securement Devices (further sub segmented into Percutaneous Endoscopic Gastrostomy Securement Devices, Jejunal Catheter Securement Devices, Umbilical Catheter Securement Devices)Epidural Securement Devices. Further, on the basis of application the market is segmented into Cardiovascular Procedures, Respiratory Procedures, Gastric and Oropharyngeal Procedures, General Surgery, Urological Procedures, Radiology and Others. End users is segmented into Hospitals & Clinics, Home Healthcare Providers and Diagnostic Centers.

Regional Market Summary:

In the current scope of the study, the above-mentioned segments are covered into four global regions, namely- the Americas, Europe, Asia Pacific and the Middle East & Africa. The Americas dominated the Global market for catheter stabilization device owing to rising children population and presence of major market players within the region. According to the database of the U.S. Census Bureau, it was estimated that there were approximately 20,304,238 children who aged 5-9 years within the region. Moreover, the presence of developed economies and healthcare sector within the region boosts the market growth.

Europe accounted for the second largest market behind Americas. Europe consist of two regions namely Western Europe and Eastern Europe. Western Europe holds the major share of the market, which is majorly contributed by Germany, the U.K., and France. The major driving factor of the market are increasing prevalence of cardiovascular and chronic diseases. Additionally, according to the OECD, the healthcare expenditure in Germany was EUR 321 billion in 2014, which is followed by France with healthcare expenditure of EUR 237 billion. The healthcare expenditure of the U.K. in 2014 was EUR 223 billion. Healthcare organization in this region are able to afford the high cost of the treatment and devices, which has helped in driving the growth of the market. In addition to this, increasing government support and funding for the development and improving the technology have fuelled the growth of the market.

Asia Pacific is the fastest growing region in catheters market. Increasing need for better diagnostic devices, better and safe therapeutic approach, rapidly improving technology, and the presence of huge patient pool drive the growth of this market in Asia Pacific region. According to the ESCAP Statistical Database, in 2016, approximately 12.4% of the population in the Asia Pacific was over 60 years. According to the WHO, in 2013, the per capita healthcare expenditure in Australia was USD 6,110, which is followed by Japan with USD 3,966.

Catheter Stabilization Device Market Key players:
Some of the key players in the global catheter stabilization market are 3M Company, B. Braun Melsungen Ag, Baxter International, Inc., C. R. Bard, Inc., Centurion Medical Products, Convatec, Inc M.C. Johnson Company, Inc, Medtronic PLC, Merit Medical Systems, Inc, Smiths Group PLC, TIDI Products, LLC and others

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