Asia Pacific Catheter Stabilization Devices Market is expected to grow at a CAGR of 7.92% to reach a market value of USD 246.39 million by 2023


Posted March 27, 2019 by sandycool

Asia Pacific Catheter Stabilization devices market turned into really worth USD 168.31 million in 2018 and expected to be developing at a CAGR of 7.92%, to attain USD 246.39 million by 2023.

 
Overview

Catheter stabilization devices are being increasingly employed in minimally invasive operations and surgeries. The catheter is stabilized or secured as a way to avoid unintentional removal, decrease trauma to the bladder and the urethra, and decrease the tissues infection. The number one objective of catheter securement is to put a halt to the excessive traction or pull on the catheter. There are numerous tactics which might be hired for stabilizing a catheter inclusive of adhesive anchors, catheter straps, and taping, among others.

Catheters are employed for patients who are affected by numerous disorders along with urinary retention and urinary incontinence, and amongst patients who've long past thru genital or prostrate surgical operation or are tormented by ailments together with neurological illnesses together with dementia and Parkinson’s disorder and more than one sclerosis.

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Asia Pacific Catheter Stabilization devices market turned into really worth USD 168.31 million in 2018 and expected to be developing at a CAGR of 7.92%, to attain USD 246.39 million by 2023.

Drivers and Restraints:

The increase of the catheter stabilization device market is predicted to be supplemented by the developing pervasiveness of urinary incontinence and exceptional other urinary problems, want for minimally invasive methods, and growing geriatric populace. Factors along with developing prevalence of lifestyle illnesses and growing expenditure on healthcare are anticipated to in addition bolster the development of the market. Furthermore, surging funding from governments and help for the improvement of public health are influential factors pushing the increase of the market.

But, the market is restrained by factors including a preference for alternative gadgets and a high fee of technologically advanced merchandises.

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Geographic Segmentation

The Asia Pacific Catheter Stabilization gadgets market is divided primarily based on geography into India, China, Japan, South Korea and different components inside the place. The Asia Pacific has the 1/3 largest market in the international for catheter stabilization devices and is also the fastest developing area.

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Some of the dominating companies of the market include Baxter International, Inc. (U.S.), Medtronic plc (U.S.), Merit Medical Systems, Inc. (U.S.), ConvaTec Inc. (U.S.), M.C. Johnson Company, Inc. (U.S.), C. R. Bard, Inc. (U.S.), 3M Company (U.S.), Centurion Medical Products (U.S.), Smiths Group plc (U.K.), and B. Braun Melsungen AG (Germany).

 

Scope of the report

The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.

The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.

What else? Apart from the syndicated report, our in-house team has an expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions.

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Last Updated March 27, 2019