CATHETER STABILIZATION DEVICES MARKET ANALYSIS

Market Challenges And Opportunities

Catheter Stabilization Devices Market Drivers

In the recent past, key players involved in manufacturing of catheter stabilization devices have launched various novel catheter stabilization devices in market. The launch of such novel devices is expected to support and drive catheter stabilization devices market growth over the forecast period.

For instance, in 2016, B. Braun Medical Inc. launched its novel STEADYCare extension set with Wedge catheter stabilizer. This new device helps to reduce catheter movement in the vessel, limits the patient connector’s skin contact, maintains the catheter insertion angle, and improves stabilization with reduced catheter-related complications. In July 2018, 3M Korea launched PICC/CVC securement device+CHG Dressing package system. This new catheter anchoring system reduces the risk of bloodstream infection.

The guidelines published by various government organization emphasizing on the use of catheter stabilization devices in order to reduce catheter-related infections is expected to increase demand for these devices and fuel the global catheter stabilization devices market growth.

For instance, in 2011, Centers for Disease Control and Prevention issued guidelines for healthcare professionals, who insert intravascular catheters and for persons responsible for surveillance and control of infections in hospital and clinics. According to the guideline, catheter stabilization devices must be used to reduce the risk of infection for intravascular catheters.

Furthermore, high prevalence of cardiovascular and lifestyle diseases and growing number of clinical surgeries is expected to rise demand for catheter stabilization devices in hospitals and other healthcare facilities.

For instance, according to World Health Organization (WHO), cardiovascular diseases (CVDs) are the largest cause of death around the world, approximately 17.7 million people died from CVDs in 2015, representing 31% of death worldwide, in which around 7.4 million were due to coronary heart disease and 6.7 million were due to stroke. According to World Health Organization (WHO) 2012, around 266.2 to 359.5 million operations were performed worldwide and the ratio is increasing significantly.