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Catheter Securement Device Market Growth Opportunities and Industry Report 2024-2031

Explore the thriving Catheter Securement Device Market with a projected CAGR of 7.7% during 2024-2031. Discover insights into technological advancements, market trends, segmentation, key players, and more.
Published 23 February 2024

Market Outline

The Catheter Securement Device Market is estimated to grow at a CAGR of 7.7% during the forecast period 2024-2031. 

A catheter securement device is specifically engineered to securely hold catheters in place during various medical procedures, including minimally invasive surgeries, monitoring activities, and cleaning processes at the insertion site. These devices serve a crucial role in both pediatric and adult populations requiring catheterization, effectively preventing complications that may arise from catheter movement during surgical or medical interventions.

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Catheter Securement Device Market Trends 

The catheter securement device market is poised for significant growth, driven by several factors including increasing usage in minimally invasive surgery and ongoing technological advancements.

Rapid advancements in technology, coupled with the rising geriatric population and substantial investments in research and development, are key drivers propelling market expansion. Moreover, the introduction of novel products incorporating cutting-edge technology in emerging medical infrastructures further fuels market growth.

The utilization of catheter securement devices in minimally invasive surgeries across various surgical procedures to restrict catheter movement is a notable contributing factor. With the global elderly population on the rise, individuals are more susceptible to chronic diseases and health conditions necessitating surgical interventions, thereby increasing the demand for catheter securement devices.

Leading market players and manufacturers are actively engaged in continuous research and development efforts and increasing investments to innovate and introduce new products. The proliferation of technological advancements and the transition towards needle-free blood drawing devices, where catheters are extensively utilized, are additional drivers bolstering market growth.

Furthermore, the escalating rate of hospitalizations, coupled with heightened investment in research and development, serves to further boost market expansion. Additionally, the availability of novel advanced products from key players is expected to play a crucial role in driving the market's growth trajectory.

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Market Segmentation 

By Product Type 

  • Peripheral Securement Devices  
  • Abdominal Drainage Tube Securement Devices 
  • Continuous Nerve Block Catheter Securement Devices 
  • Chest Drainage Tube Securement Devices 
  • Arterial Securement Devices 
  • Epidural Securement Devices 
  • All Site Securement Devices 

By Application 

  • Cardiology Procedures  
  • Respiratory Procedures 
  • General Surgery 
  • Urology Procedures 
  • Gastric and Oropharyngeal Procedures 
  • Others 

By End-User 

  • Hospitals  
  • Ambulatory Surgical Centers 
  • Diagnostic Clinics 

Industry Players 

Major players are 3M Company, B. Braun Melsungen AG, C. R. Bard, Inc., Convatec Group Plc, M. C. Johnson Company, Inc., Merit Medical Systems, Smith’s Medical (ICU Medical), Cardinal Health, Interred Medical and Dale Medical Products Inc. 

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