Catheter stabilization devices are medical devices used for securing intravenous (IV) catheters, percutaneous catheters, endotracheal tubes, tracheostomy tubes and other catheters to prevent them from dissemination and accidental removal. Catheter stabilization devices are majorly used in healthcare facilities such as hospitals, clinics and ambulatory surgery centers. The growing prevalence of chronic diseases along with increasing number of surgical procedures has augmented the demand for catheter stabilization devices globally.

The global catheter stabilization devices market is estimated to be valued at US$ 1.29 Bn in 2024 and is expected to exhibit a CAGR of 7.3% over the forecast period 2023 to 2030.

Key Takeaways

Key players operating in the catheter stabilization devices are 3M (US), C.R. Bard, Inc. (US), ConvaTec Group plc (UK), Merit Medical Systems (US), B. Braun Melsungen AG (Germany), DeRoyal Industries, Inc. (US), Cardinal Health (US), Baxter International Inc. (US).

The growing prevalence of chronic diseases along with rising number of surgical procedures worldwide presents a massive opportunity for players in the catheter stabilization devices market. Technological advancements in securement devices and significant healthcare spending in emerging economies is further expected to drive market growth.

Major players are focusing on partnerships, mergers, acquisitions and new product launches to expand their global footprint. For instance, in 2020, ConvaTec acquired StreamLine Medical to strengthen its portfolio of stabilization and securement devices.

Market drivers

Increasing adoption of catheter securement devices over traditional taping methods by healthcare providers is a key factor driving market growth. Catheter securement devices offer several advantages over tape, including reduced infection risks and ease of use. Moreover, growing demand for minimally invasive surgeries along with rising healthcare expenditure in developing countries will further aid the market expansion over the forecast period.

PEST Analysis
Political: Catheter stabilization devices are classified as medical devices and are regulated by various governmental agencies. Regulatory approvals are required for new product launches.
Economic: The continuous growth in per capita healthcare expenditure has been a major driver for the catheter stabilization devices market.
Social: With increasing aging population and prevalence of chronic diseases, there is growing need for long-term catheterization procedures which drives the demand for catheter stabilization devices.
Technological: Manufacturers are focusing on developing secure and user-friendly stabilization devices incorporating advanced adhesives and securement techniques to prevent accidental dislodgement and reduce risk of catheter-related infections.

The North American region accounts for the largest share of the global catheter stabilization devices market in terms of value. This can be attributed to factors such as rising prevalence of lifestyle diseases, rapidly growing geriatric population, and availability of advanced healthcare facilities. The Asia Pacific region is poised to witness the fastest growth during the forecast period. This is mainly due to increasing healthcare expenditure, growing medical tourism industry and rising awareness about catheter securement. China and India are expected to offer lucrative opportunities for players in the catheter stabilization devices market.

The catheter stabilization devices market in Europe is another major regional segment largely driven by the availability of advanced treatment options and growing number of surgical procedures associated with long-term catheter use. Growing healthcare infrastructure and reimbursement coverage have also supported market growth in Latin American countries. On the other hand, countries in Middle East and Africa are expected offer emerging growth prospects for catheter stabilization devices market during the forecast period.