Catheter Stabilization Device Market to Grow at 7.5% CAGR to 2024 and Projected to Reach US$ 1.6 Billion by 2024

Report on Catheter securement devices market dominated by cardiovascular procedures, respiratory procedures, gastric procedures, general surgery, urological procedures, radiology procedures. Catheter securement devices are used for stabilizing the catheters.

Overview of Catheter securement devices market by hospitals, home care settings, emergency clinics & diagnostic centers. Growth of Catheter Stabilization Device Market largely driven by factors like growing global prevalence of lifestyle diseases like heart diseases, strokes diabetes, & increasing healthcare expenditure across countries.

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The global catheter securement devices market growing at 7.5% CAGR and projected to reach USD 1.6 billion by 2024 from USD 1.1 billion in 2019. The growth in this market is primarily driven by the rising geriatric population, favorable government initiatives, increasing healthcare expenditure, improved healthcare infrastructure coupled with the rising prevalence of lifestyle diseases.

“Knee braces and supports segment to witness highest growth rate in the orthopedic braces and supports market, by product, during forecast period”.

Large share of catheter securement devices market segment can be attributed to factors like rapidly growing aging population, higher surgeries performed in hospital settings and the increasing reimbursements in hospital settings. Such catheters are used in major procedures such as cardiovascular, respiratory, general surgeries.

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By product type, the catheter securement devices market segmented into arterial securement devices, central venous catheter securement devices, peripheral securement devices, chest drainage tube securement devices, abdominal drainage tube securement devices, epidural securement devices & all site devices. North America, which includes US, & Canada, accounted for largest share of catheter securement devices market.

Recent Developments
• In December 2018, DJO Finance LLC established its new global headquarters in Dallas, US, to develop and market DonJoy Products, which includes braces and supports.
• In November 2018, DJO Finance LLC launched EMPOWR Porous Knee System and EMPOWR Complex Primary Knee System. This helped the company to improve its position in the orthopedic braces and supports market.
• In March 2018, DJO Finance LLC launched X4 Smart Brace with Motion Intelligence.
• In March 2017, DJO Finance LLC launched TriFit Knee Brace (a DonJoy Product).

More Information on “Catheter Stabilization Device/Catheter Securement Device Market by Product ((Arterial, CVS (Portal, Femoral), Chest, Epidural, Peripheral (Nasogastric, Endotracheal, Foley)), Application (Cardiovascular, Respiratory), End User - Global Forecast to 2024” Now at http://www.rnrmarketresearch.com/contacts/inquire-before-buying?rname=425985 .

Top players in catheter securement devices market are 3M Company (US), C. R. Bard, Inc. (US), B. Braun Melsungen AG (Germany), Baxter International, Inc. (US), and Cardinal Health (US), ConvaTec Inc. (UK), Merit Medical Systems, Inc. (US), Smiths Group plc (UK), Centurion Medical Products (US), and M.C. Johnson Company, Inc. (US).

Key Benefits of Buying the Report
Comprehensive information on catheter securement devices offered by top 10 players in catheter securement devices market. Comprehensive information about lucrative emerging markets. Report analyzes markets for various securement devices across key geographic regions. Exhaustive information about new products, untapped geographies, recent developments, and investments in catheter securement devices market.

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