PUBLISHER: SkyQuest | PRODUCT CODE: 1701478
PUBLISHER: SkyQuest | PRODUCT CODE: 1701478
Global Catheter Securement Device Market size was valued at USD 1.2 billion in 2023 and is poised to grow from USD 1.28 billion in 2024 to USD 2.17 billion by 2032, growing at a CAGR of 6.8% during the forecast period (2025-2032).
The global catheter securement device market is on an upward trajectory, fueled by several pivotal factors. The growing adoption of catheters in healthcare settings emphasizes their importance across various medical procedures. An influx of new manufacturers is driving competition and innovation within this market segment. Supportive government guidelines promoting the use of securement devices further bolster growth, as they align with initiatives aimed at enhancing patient safety and improving procedural outcomes. Additionally, the escalating incidence of catheter-associated infections highlights the urgent need for effective securement solutions, acting as a significant growth catalyst. As healthcare systems globally focus on optimizing patient safety and outcomes, the catheter securement device market is positioned for continued expansion in the coming years.
Top-down and bottom-up approaches were used to estimate and validate the size of the Global Catheter Securement Device market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Global Catheter Securement Device Market Segments Analysis
Global Catheter Securement Device Market is segmented by Product Type, Application, End Users and region. Based on Product Type, the market is segmented into Arterial, Central Venous, Peripheral, Chest Drainage Tube, Abdominal Drainage Tubes, Epidural and All-Site Securement Devices. Based on Application, the market is segmented into Cardiovascular, Radiology, General Surgery, Urological, Respiratory and Gastric and Oropharyngeal. Based on End Users, the market is segmented into Hospitals & Clinics, Home Healthcare and Diagnostic Centers. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Driver of the Global Catheter Securement Device Market
The rising number of dialysis patients opting for home treatment is significantly driving the demand for catheter securement devices, especially in relation to home hemodialysis. This shift towards home care has encouraged manufacturers of dialysis equipment to create advanced self-dialyzing systems and services tailored for effective catheter use in domestic settings. As more patients seek the convenience and flexibility of receiving treatment at home, the need for reliable catheter stabilization solutions has escalated, prompting innovations in design and functionality to enhance patient safety and comfort during at-home procedures.
Restraints in the Global Catheter Securement Device Market
The Global Catheter Securement Device market faces significant challenges due to the availability of dressing tapes, which offer a cost-effective alternative for retaining Vascular Access Devices (VADs). Traditionally, surgical sutures were the mainstay for securement; however, dressing tapes have emerged as a more economical option for healthcare facilities seeking to control expenses while maintaining effective catheter retention. While these tapes are budget-friendly, their usage is impacted by the changing practices in securement methods within the healthcare sector. As advancements and innovations continue to develop, this dynamic landscape could affect the market growth of catheter securement devices.
Market Trends of the Global Catheter Securement Device Market
The Global Catheter Securement Device market is experiencing significant growth, driven by the rising prevalence of chronic diseases such as cancer, stroke, diabetes, and cardiovascular conditions. With the World Health Organization reporting that chronic diseases account for 74% of global fatalities, the demand for effective catheterization in treatment protocols is surging. This trend is underscored by the necessity for securement devices to ensure patient safety and minimize complications associated with catheter use. The market is witnessing advancements in device innovations and an increased emphasis on quality care, positioning catheter securement devices as essential components in the evolving landscape of chronic disease management.