Global Catheter Stabilization Devices Market 2019-2023
About this market
The increase in hospitalization rates is likely to drive the adoption of and demand for catheter stabilization devices. Catheter stabilization devices are used to secure catheters that are widely used in hospitals, ASCs, emergency care, and home care settings. The availability of advanced catheter stabilization devices is likely to increase their adoption among hospitals. Therefore, the vendors are offering catheter stabilization devices that can be used for various applications such as respiratory, general, urological, cardiovascular, orthopedics, and oropharyngeal procedures. The global catheter stabilization devices market is forecasted to grow at a CAGR of more than 7% during the forecast period
Growing aging population
The growing population is expected to drive the growth of the global catheter stabilizations devices market. The demand for catheter stabilization devices arises from the requirements of IV therapies and medications from chronic conditions in mostly the aging population.
Presence of alternatives
Owning to the high cost of sutureless catheter stabilization devices in comparison with nylon sutures and tapes, therefore most healthcare centers are still using these alternatives when compared to advances adhesive- based catheter stabilization devices.
For the detailed list of factors that will drive and challenge the growth of the catheter stabilization devices market during the 2019-2023, view our report.
The catheter stabilization devices market is fragmented owing to the presence of several established and regional vendors. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.