Catheter Stabilization Device/Catheter Securement Device Market

3M Company (US) and CR Bard, Inc. (US) are Leading Players in Catheter Stabilization Device/Catheter Securement Device Market

The catheter securement devices market is projected to reach USD 1.6 billion by 2024 from USD 1.1 billion in 2019, at a CAGR of 7.5% from 2019 to 2024. 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 catheter securement devices market is a highly fragmented market and is dominated by various players. The major players operating in this 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).

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3M Company (US)

 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.

CR Bard, Inc. (US)

 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 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

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Report Code
MD 3511
RI Published ON
6/11/2019
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