Market Leader - Catheter Stabilization /Securement Device Market
The catheter securement devices market is projected to reach USD 1.90 billion by 2025 from USD 1.18 billion in 2020, at a CAGR of 10.0% from 2020 to 2025. Catheter securement devices are used to stabilize the catheters in order to avoid any forms of infections. There are different types of securement devices depending on the catheters they are placed with such as arterial, peripheral, and central venous catheters. The growth of this market is driven by the growing global prevalence of heart diseases, increasing healthcare expenditures, increasing adoption of technically sound securement devices, and the increasing investments in emerging economies.
The catheter securement devices market is a highly fragmented market and is dominated by various players. The major players operating in this market are 3M (US), C. R. Bard, Inc. (US), B. Braun Melsungen AG (Germany), Baxter International, Inc. (US), and Cardinal Health (US), ConvaTec Group plc. (UK), Merit Medical Systems (US), Smiths Medical (US), Centurion Medical Products (US), and M.C. Johnson Company, Inc. (US).
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3M (US)
3M (US) held the leading position in the catheter securement devices market in 2019. The company manufactures innovative technologies for infection prevention, critical & chronic care, healthcare information systems, dental, orthodontic (oral care), drug delivery systems, food safety, and medical device components. The company has maintained its leading position through its strong distribution network across North and South America, Europe, the Middle East & Africa, and the Asia Pacific. It focuses on expanding its presence in the catheter securement devices market by strategically investing in research and development activities, which enables it to launch innovative and technologically advanced products in the market. In 2018, the company launched PICC/CVC securement, device+CHG Dressing, and Tegaderm Antimicrobial I.V. Advanced Securement Dressing. These products are designed for patients that are connected to a catheter for central and peripheral venous infusions. 3M’s new products are a combination of a securement device along with a base dressing, which helps in maintaining the catheter securely for a longer period of time.
C.R. Bard, Inc. (US)
C.R. Bard, Inc. (US) held the second position in the catheter securement devices market in 2019. The company was acquired by Becton, Dickinson and Company (US) in 2017 and now operates as its subsidiary. The company is a leading multinational manufacturer of innovative, life-enhancing medical technologies in the fields of vascular, urology, oncology, and other surgical specialties. The company has a whole range of catheter securement devices sold under the brand name of Statlock catering to central venous, peripheral, and arterial catheter securement. This is a trusted brand across the globe, especially in the US.
Related Reports:
Catheter Stabilization /Securement Device Market by Product ((Arterial, CVS (Portal, Femoral), Chest, Epidural, Peripheral (Nasogastric, Endotracheal, Foley)), Application (Cardiovascular, Respiratory), End User - Global Forecast to 2025
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