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Catheter Stabilization Device/Catheter Securement Device: Market Analysis, Size, Growth and Trends

Press Release   •   Jan 18, 2016 07:37 EST

The securement devices market is segmented on the basis of by products, applications, and end users. Of these, the global catheter stabilization device/catheter securement device market products segment comprises of arterial securement devices, central venous catheter securement devices, peripheral securement devices, abdominal drainage tubes securement devices, epidural securement devices, chest drainage tube securement devices, and all-site devices. Arterial securement devices had the largest share of the securement devices market in 2015 and central venous catheter stabilization device market are expected to grow at the highest CAGR between 2015 and 2020. The applications included in this report are general surgery, cardiovascular procedures, respiratory procedures, urological procedures, gastric and oropharyngeal procedures, radiology and other applications. The cardiovascular procedures applications had the largest share of the securement devices market in 2015. The cardiovascular procedures applications are expected to one of the fastest growing applications between 2015 and 2020.

Browse 72 market data tables & 97 figures spread through 156 pages and in-depth TOC on “Catheter Stabilization Device Market" at http://www.rnrmarketresearch.com/catheter-stabilization-device-catheter-securement-device-market-by-product-portal-epidural-peripheral-femoral-nasogastric-endotracheal-application-cardiovascular-respiratory-urological-gastric-radiology-end-user-global-foreca-market-report.html .

Increasing healthcare expenditure will aid the growth of the securement devices market. Today, healthcare expenditure constitutes a significant part of the development budget of all countries. It consists of spending by both public and private sources on medical goods and services. Rapid economic development across the globe is expected to improve access to quality healthcare. Increasing healthcare expenditure will lead to a rise in the demand for quality healthcare and will be an important growth driver for the catheter stabilization device/catheter securement device market. This high growth rate, along with the substantial size of healthcare spending, will act as an important driver for hospitals and diagnostics centers, which are the major end-user segments of the catheter stabilization device/catheter securement device market.

According to estimates from the World Bank, global healthcare spending increased at a CAGR of 7.45% from 2003 to 2012, from $3,829 Billion in 2003 to $7,310 Billion in 2012. In the same period, the global public healthcare spending increased from $2,207 Billion in 2003 to $4,352 Billion in 2012, at a CAGR of 7.84%.

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The key driver for this market is increased healthcare expenditures. Furthermore, growing aging population, increasing prevalence of lifestyle diseases, and increasing demand for minimally invasive surgerieswill aid the growth of the global securement devices market. A combination of bottom-up and top-down approaches were used to calculate the market sizes and growth rates of the global securement devices market and its sub-segments.

The global catheter stabilization device/catheter securement device market is poised for rapid growth between 2015 and 2020. The include increasing healthcare expenditure, growing aging population, increasing prevalence of lifestyle diseases, and increasing demand for minimally invasive surgeries are important reasons for the growth in market size.

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