Catheter Stabilization Devices/Catheter Securement Devices Market Report

Catheter Stabilization Devices/Catheter Securement Devices Market Analysis by Product (Arterial Securement, Central Venous Catheter Securement, Peripheral Securement, Urinary Securement), By End-use, And Segment Forecasts, 2014 - 2025

Published: October 2017  |  96 Pages  |  Format: PDF  |  Report ID: GVR-1-68038-642-4

Industry Insights

 The global catheter stabilization devices/ catheter securement devices market size was valued at USD 1.03 billion in 2016 and is projected to grow at a CAGR of 6.8% during the forecast period. Factors such as increasing demand for minimally invasive surgeries; high prevalence of lifestyle diseases, such as cardiovascular diseases, renal failure, & cancers; increase in number of surgeries that may require these devices for postoperative care; and increase in need to reduce catheter-associated complications & infections are expected to drive the market. Population aging also contributes to increased need for use of these devices.

U.S. catheter stabilization devices market, by end-use, 2014 - 2025 (USD Million)

U.S. catheter stabilization devices market

The use of intravascular catheters is an integral part of modern healthcare across the globe. These have become an essential component in hospitals & clinics with a rise in their usage. 3M in one of its articles stated that hospitals and clinics purchase more than 150 million of these devices each year for administration of medications, IV fluids, parenteral nutrition, and hemodynamic status monitoring. It also estimates that more than 5 million central intravascular catheters are placed every year. Prevalence of urinary diseases, such as cystitis, urinary retention, urinary incontinence, benign prostate hyperplasia, kidney stones, and other diseases & disorders that lead to bladder dysfunction, is constantly increasing. The National Association for Continence states that around 25 million people in the U.S. suffer from some form of incontinence. The demand for these devices for the management of patients suffering from urinary diseases is increasing. Thus, the growing use of these globally in various application areas is anticipated to ultimately contribute to the increasing usage of stabilization devices.

However, catheters are an indispensable part of patient care, their growing usage increases the risk of patients contracting infections that may be minor or life-threatening. Prevalence of associated bloodstream infections is increasing owing to their wide use. Thus, their stabilization has become a fundamental aspect of patient care and plays an important part in reducing the related complications. Treatment of these infections result in rise in cost, increase in length of hospital stay, and increase in patient morbidity.

The Joint Commission in its monograph, “A Global Challenge, A Global Perspective”, states that an estimated 80,000 Central Line-Associated Bloodstream Infections (CLABSIs) occur in ICUs each year in the U.S. The number increases to 250,000 cases of CLABSIs each year, if patients outside the IUs are included as well. Increase in cases of such infections is one of the key factors driving the need for their proper and effective securement. The CDC recommends use of securement devices to reduce the risk of intravascular catheter-related infections. The Australia and New Zealand Urological Nurses Society (ANZUNS) in its catheterization clinical guidelines recommends that the best practice for management of indwelling catheters is usage of a securement device. Guidelines on securement are also issued by the National Institute for Health and Care Excellence (NICE), UK and the Occupational Safety and Health Administration (OSHA), U.S. Presence of such guidelines are also anticipated to drive the usage of stabilization devices.

Product Insights

In 2016, arterial securement devices segment held the largest share in the market. Arterial catheters are frequently used worldwide in routine modern healthcare practices. This segment held majority of the market share owing to the extensive use of arterial catheters in a large number of surgeries associated with cardiovascular diseases and cancer therapies. The wide use of these devices makes securement important to reduce complications associated with their use.

Arterial catheters are widely used for interventions in ICUs globally. Rhode Island Medical Journal in its August 2014 issue stated that an estimated 6 million arterial catheters are placed in the U.S. each year. According to Australian Vascular Access Society, up to 25% of the arterial catheters fail during treatment owing to dislodgement, accidental removal, occlusion, or infection.

The CVC securement devices segment is expected to grow at the fastest rate with a CAGR of 7.5% during the forecast period. CVC securement is gaining importance owing to benefits such as absence of interruptions during treatments, few repeat procedures & reinsertions, and decrease in CVC replacement costs. An effective securement is crucial for critically ill patients requiring long-term therapy such as in the case of cancer.

End-use Insights

In 2016, the hospital segment held majority of the share. High number of surgeries are being performed in hospitals. Catheters have been widely used in hospitals for various kinds of treatments. Prevalence of infections associated with their usage is high in hospitalized patients. Catheter-Associated Urinary Tract Infections (CAUTI) are the most commonly reported hospital-acquired infections and their prevalence continues to increase.

Catheter stabilization devices market, by region, 2016 (%)

Catheter stabilization devices market

According to American Nurses Association (ANA), more than 560,000 patients acquire CAUTI every year. Hospital-acquired infections are one of the major threats to patient safety and the American Journal of Infection Control estimates that these infections cost around USD 33 billion. Thus, the growing prevalence of infections in hospitals contribute to the large share held by this segment.

The hospitals segment is also expected to continue its dominance with a fastest growth rate over the forecast period. The improving healthcare services in developing regions and increasing number of hospitals globally is expected to contribute to the growing usage of stabilization devices.

 Regional Insights

North America dominated the catheter securement devices market in 2016 with a highest revenue share. The large share of this region can be attributed to the high number of surgeries, which leads to an increase in the demand for stabilization devices Wide adoption of catheterization techniques in examination, diagnosis, and treatment is also one of the factors responsible for market growth. Increasing usage of intravascular catheters in this region is further anticipated to drive the market.

The U.S. is the largest market in this region and across the globe due to increase in number of catheter placements. According to the Joint Commission, an estimated 300 million catheters are used each year in the U.S. of which nearly 3 million are central venous. High prevalence of CLABSIs and CAUTIs increase the need to curb these infections, which is anticipated to drive the market.

Asia Pacific is expected to exhibit fastest growth over the next few years owing to a large patient pool, growing target population, high unmet needs, and improving infrastructure in the region. Growing demand for various surgeries, improving healthcare facilities, and increasing awareness among public and professionals are expected to boost growth in this region.

Competitive Insights

Some of the significant players are C.R. Bard, Inc.; Baxter; 3M, Centurion Medical Products; B Braun Melsungen AG; Merit Medical Systems, Inc.; ConvaTec, Inc.; TIDI Products, LLC; and Smiths Medical. New product launches, expansion of product portfolio, and collaborations are crucial strategies employed by leading companies to capture a larger share of the global market.

 Report Scope

Attribute

Details

Base year for estimation

2016

Actual estimates/Historical data

2014 - 2015

Forecast period

2017 - 2025

Market representation

Revenue in USD Million & CAGR from 2017 to 2025

Regional scope

North America, Europe, Asia Pacific, Latin America, MEA

Country scope

U.S., Canada, Germany, UK, Japan, China, Brazil, Mexico, South Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors and trends

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Segments Covered in the Report

This report forecasts revenue growth and provides an analysis on the industry trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the catheter stabilization devices / catheter securement devices market on the basis of products, end-use and region:

  • Products Outlook (Revenue, USD Million; 2014 - 2025)

    • Arterial Securement Devices

    • Central Venous Catheter Securement Devices

    • Peripheral Securement Devices

    • Urinary Catheter Securement Devices

    • Chest Drainage Tube Securement Devices

    • Others

  • End-Use Outlook (Revenue, USD Million; 2014 - 2025)

    • Hospitals

    • Home Care Settings

    • Others

  • Regional Outlook (Revenue, USD Million; 2014 - 2025)

    • North America

      • U.S.

      • Canada

    • Europe

      • Germany

      • UK

    • Asia Pacific

      • Japan

      • China

    • Latin America

      • Brazil

      • Mexico

    • MEA

      • South Africa

Key questions answered by the report
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