Asia Pacific Catheter Stabilization Devices Market is projected to hold a value of over USD 214 million in 2021


- 07 Dec 2017 09:58 AM IST
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Asia Pacific Catheter Stabilization Devices Market was worth USD 146 million in 2016 and estimated to be growing at a CAGR of 7.92%, to reach USD 214 million by 2021. Catheter Stabilization Devices secure the position of a catheter on the skin of a patient in order to maintain the catheter’s position inserted through an insertion site. They are commonly used to administer medicines to a patient or to extract body fluids.

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The device consists of catheter clipping element which is present on an anti-allergic adhesive pad. The catheter clipping element comprises a clipping body which ends in open arms for convenient and easy clipping and unclipping of a cannula, catheter, catheter, cannula terminal adapter and others. The clipping body is directed outwards from the surface at the top of the pad in transverse direction or vertical direction or both, in order to facilitate unclipping and clipping. A longitudinal axis of the clipping body can be directed towards the top surface of the pad so as to enhance stabilization and support for correct orientation of catheter in the direction of the insertion site.

The driving factors of Asia Pacific catheter stabilization devices market are rising geriatric population, rising prevalence of lifestyle diseases, growing healthcare health care expenditure and increasing demand for minimally invasive surgeries among others. However, the market is constrained by factors such as preference for alternative devices and high price of technologically advanced products.

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The Asia Pacific catheter stabilization device market is segmented based on application, product and end user. Based on application, the market is segmented into gastric and oropharyngeal, radiology general surgery, respiratory, cardiovascular, urological and other applications. Based on products, the market is divided into peripheral securement devices, abdominal drainage tubes securement devices, arterial securement devices, epidural securement devices, chest drainage tube securement devices, central venous catheter securement device, and all-site devices. Based on end user, the market is divided into hospitals, home healthcare providers, emergency clinics, and diagnostic centres.

The Asia Pacific Catheter Stabilization Devices market is divided based on geography into India, China, Japan, South Korea and other parts in the region. Asia Pacific has the third largest market in the world for catheter stabilization devices and is also the fastest growing region. Factors such as growing geriatric population and rising preference for minimally invasive surgeries is expected to drive the market growth in the region.

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Some of the major players in the market are Medtronic plc (U.S.), 3M Company (U.S.), B. Braun Melsungen AG (Germany), ConvaTec Inc. (U.S.), C. R. Bard, Inc. (U.S.), Baxter International, Inc. (U.S.) ,Smiths Group plc (U.K.), Centurion Medical Products (U.S.), Merit Medical Systems, Inc. (U.S.), and M.C. Johnson Company, Inc. (U.S.)

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Market Data Forecast is a firm working in the area of market research and business intelligence. With rich experience in research across various business domains, we cater to the needs of both individual and corporate clients. Our analyst team comprises expert professionals in market research, who with their collective knowledge and skillset dedicatedly serve clients from various industries and regions.