Published Date: 31-Jul-2022
Industry Insights | Market Trends | Highest number of Tables | 24/7 Analyst Support
According to a new report, published by KBV research, The Global Catheter Stabilization Devices Market size is expected to reach $1.7 billion by 2028, rising at a market growth of 7.4% CAGR during the forecast period.
The Arterial Securement Devices segment acquired maximum revenue share in the Global Catheter Stabilization Devices Market by Products in 2021 thereby, achieving a market value of $504.5 million by 2028. Due to the widespread use of arterial catheters in numerous procedures related to cardiovascular disorders and cancer treatments, this sector retained the majority of the market. Due to the widespread use of these devices, security is crucial to lowering usage-related problems. In ICUs around the world, arterial catheters are frequently used for interventions.
The Homecare Settings segment has shown growth rate of 7.6% during (2022 - 2028). It is because when a patient is undergoing catheterization, it is crucial to give them the right care and follow all necessary precautions. Gloves and facial protection must be used by anyone caring for the patient or working in healthcare close to them to prevent the spread of infection. The best care can be taken under the family members which also helps to boost the market.
The North America market dominated the Global Catheter Stabilization Devices Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $651.8 million by 2028. The Europe market is experiencing a CAGR of 7% during (2022 - 2028). Additionally, The Asia Pacific market would showcase a CAGR of 7.9% during (2022 - 2028).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 3M Company, Becton, Dickinson and Company, Baxter International, Inc., B. Braun Melsungen AG, Cardinal Health, Inc., Merit Medical Systems, Inc., ICU Medical, Inc., TIDI Products, LLC, ConvaTec Group PLC, and Medline Industries, Inc. (Centurion Medical Products Corporation).
By End User
Unique Offerings from KBV Research