Catheter Securement Device Market Size, Share, Growth Analysis, By Type, By Application, By End-user, By Region - Industry Forecast 2024-2031

Catheter Securement Device Market size was valued at USD 1.15 billion in 2022 and is poised to grow from USD 1.23 billion in 2023 to USD 2.16 billion by 2031, growing at a CAGR of 7.3% in the forecast period (2024-2031).

The global market for catheter securement devices is experiencing growth driven by several key factors. A significant factor is the widespread adoption of catheters by healthcare providers, highlighting their essential role in various medical procedures and treatments. The market is also buoyed by increasing competition and innovation as more manufacturers enter this sector. Government guidelines advocating for the use of securement devices for catheters further stimulate market growth, aligning with efforts to improve patient safety and procedural effectiveness. Moreover, the increasing incidence of catheter-associated infections underscores the urgent need for effective securement solutions, which in turn accelerates market expansion. With healthcare systems globally prioritizing patient outcomes and safety, the global catheter securement devices market is expected to continue growing steadily in the coming years.

Top-down and bottom-up approaches were used to estimate and validate the size of the 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.

Catheter Securement Device Market Segmental Analysis

The catheter securement device market is segmented based on type, application, end user, and region, based on type, is segmented into peripheral, arterial, central, chest drainage, abdominal drainage, epidural, and all-site securement devices. Based on application, the catheter securement devices market is segmented into respiratory procedures, cardiovascular procedures, gastric and oropharyngeal procedures, general surgery, radiology, urological procedures, and other applications. Based on end-user, the global catheter stabilization devices market has been segmented into hospitals & ASCs, diagnostic centers & clinics, home care settings, and others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Drivers of the Catheter Securement Device Market

The rise in home-based dialysis among patients has emerged as a primary factor driving increased demand for catheter stabilization devices, particularly in hemodialysis settings at home. This trend has spurred dialysis equipment manufacturers to innovate by developing self-dialyzing systems and services tailored specifically to support the use of catheters in home environments.

Restraints in the Catheter Securement Device Market

Dressing tapes offer a cost-effective alternative to catheter securement devices and have historically been used to retain Vascular Access Devices (VADs). While surgical sutures were once the primary method for securing VADs, dressing tapes have now become a more economical option. They provide healthcare settings with a viable solution to manage costs while ensuring catheters are securely held in place. However, the adoption of dressing tapes is influenced by the changing trends in securement practices within the healthcare industry.

Market Trends of the Catheter Securement Device Market

A significant number of people worldwide are dealing with a variety of chronic illnesses such as cancer, stroke, diabetes, and abnormal heart rhythms. According to the World Health Organization (WHO), approximately 41 million individuals die from chronic diseases annually, constituting about 74% of all global deaths. Catheterization is often necessary in the treatment of these chronic conditions, playing a crucial role in managing aspects of care such as chemotherapy administration, fluid drainage, and cardiovascular interventions.