Catheter Holder Market Size, Share, Growth, and Industry Analysis, By Type (Drainage Tube Stabilization Device, Epidural Catheter Stabilization Device, End-type Catheter Stabilization Device, Central Venous Catheter Stabilization Device, Arterial Catheter Stabilization Device & Others), By Application (Hospitals, Emergency Clinics, Home Healthcare Providers & Other) and Regional Forecast to 2032
CATHETER HOLDER MARKET REPORT OVERVIEW
The global Catheter Holder Market Size is USD 695.45 million in 2023 and the market is projected to touch USD 1278.57 million by 2032, exhibiting a CAGR of 7.00% during the forecast period.
A catheter holder is used for medical purposes as it is designed to hold and stabilize a catheter in a patient's body it is a thin and flexible tube that is used to drain fluid from or administer fluids into the body. They are mainly used in medical processes and treatment and the catheter holders help to prevent accident dislodgement or movement of the catheter which reduces the risk of complications and discomfort to patients.
It is associated with urinary tract infections (CAUTIs) and central line-associated blood infections when the catheter is often used and patients with chronic illnesses frequently have weakened immunity immune systems and need to be admitted regularly to hospitals.
Antimicrobial catheters are also used for the prevention of catheter-associated infection and the rising number of cases of thrombosis.
COVID-19 IMPACT: Market Growth Restrained by Pandemic Impact on Healthcare Sector
The global COVID-19 pandemic has been unprecedented and staggering with the market experiencing higher than anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.
The impact on the healthcare sector due to COVID-19 is adverse effect as in some countries crisis is worse which also affects the health service delivery. After Covid-19 the healthcare sector realized about building a resilient and sustainable health system.
LATEST TRENDS
Increase in Frequency of Chronic Diseases Which is linked to Urinary Bladder Lead to Market Boost
The increase in the frequency of chronic diseases related to the urinary bladder, kidney failure, and other reasons drive the growth of the catheter market as the need for catheters increases due to chronic disease and use by senior citizens due to age factors and health issues leads to impact this market positively and business invest money in R&D to develop good catheter holder and which also create a good market to develop quality product and it creates a competition in the market which also increases Catheter Holder Market Growth.
CATHETER HOLDER MARKET SEGMENTATION
By Type
Based on type, the Catheter holder market is segmented into:
Drainage Tube Stabilization Device: The drainage tube stabilization is a device that is used for medical purposes as it serves the purpose of chest tubes, abdominal drains, or urinary catheters in a patient's body and they are designed to prevent the risk of any complication.
Epidural Catheter Stabilization Device: It is a medical device that is used to stabilize and secure an epidural catheter in a patient's body as it is a thin, flexible tube inserted in an epidural space near the spinal cord to administer medication in cases of pain-relieving drug or anesthesia and also in pain manage during childbirth, chronic pain or surgery.
End-type Catheter Stabilization Device: The epidural catheter is also known as the End-type catheter stabilization device and it has the same purpose of use as the Epidural catheter.
Central Venous Catheter Stabilization Device: It is a medical that is used to stabilize and secure central venous catheters (CVCs) in a patient's body this device is inserted into large veins which are mainly chest, neck, or groin to administer medication fluids or blood products to measure and assess the central venous pressure.
Arterial Catheter Stabilization Device: An arterial catheter is a device used in the medical field as it is used to stabilize and secure arterial catheters inserted in arteries to monitor blood pressure, administer medication and or fluids directly into arterial blood, and also use in obtaining blood samples.
Others: The catheter has multiple uses in medicine due to its variety in application of use which is the reason for use in fields of medicine.
By Application
Based on application, the Catheter holder market is segmented into:
Hospitals: The use of catheter holders in hospitals for various uses such as intravenous catheters, central venous catheters, epidural catheters, and arterial catheters are used for different uses according to the need of catheters and patient condition requirements.
Emergency Clinics: The use of catheter holders in emergency clinics for urinary catheterization, epidural analgesia, and surgical drainage tubes.
Home Healthcare Providers: The use of catheter holders which are provided in-home healthcare settings in urinary catheters, tracheostomy tubes, and wound drainage tubes.
Other: The catheter has multiple uses in medicine due to its variety in application of use which is the reason for use in fields of medicine.
DRIVING FACTORS
Technological Breakthrough Lead to Market Growth
The catheter market is divided into single-lumen, double-lumen, triple-lumen, and various other segments based on lumen. The double-catheter lumen is widely used for multiple medical applications as they are composed of polyethylene or polyurethane which is simple to use during procedures to provide independent venous access. Technological advancement helped to gain breakthroughs in double-lumen catheters which also creates multiple uses in the medical field which ultimately boosts the Catheter Holder Market Share and increases business profits.
Growing Aging Population & Adoption of Minimally Invasive Procedures Lead to Positive Impact on Market
As the aging population increases globally so there will high prevalence of age-related health issues that need catheterization such as cardiovascular intervention and kidney dialysis which lead to demand for catheter holders and businesses to invest more in R&D to provide easy-to-use and cost-effective products in the catheter holder market.
In minimally invasive procedures that involve endoscopic surgeries, laparoscopic procedures are becoming increasingly popular due to their benefits such as reducing trauma, faster recovery, and hospital stays as catheter holders are used in this process and they also create a good product for easy-to-operate surgery without complications.
RESTRAINING FACTORS
Increase Chance of Infection in the Urinary Tract leads to a Negative Impact on the Market
The main issue that impacts the market negatively is Urinary Tract Infections (UTIs) which occur usually in patients with urinary catheters it will impact the production of catheter products as it decreases the confidence of catheter manufacturers and providers and it will also make patients think about purchasing these catheters and lack of regulatory standard lead to impact the market adversely as there is limited regulation related to the production of catheters which ultimately impact patients health.
CATHETER HOLDER MARKET REGIONAL INSIGHTS
The market is primarily segregated into Europe, Latin America, Asia Pacific, North America, and the Middle East & Africa.
North America is the largest market for Catheter Holders market
This region has advanced healthcare infrastructure with modern facilities and high expenditure in the healthcare segmen. Itt has a technological innovation landscape region which helps manufacturers to develop advanced technology-equipped instruments and also advancement in the catheter holder production market due to advanced catheter material and design lead to serve the diverse need of patients and healthcare institute lead to a competitive advantage over another region market.
KEY PLAYERS
Key players transforming the Catheter Holder Market landscape through innovation, new development, and advancement of technology.
Major industry players are pivotal in shaping the Catheter Holder market, driving change with innovation and technologies and it leads to making a product that has a global presence. By consistently introducing new and effective solutions that help to stay at the forefront of technological progress key players redefine the industry’s standards.
Expansive global reach enables market penetration, addressing diverse needs across countries. The groundbreaking and seamless innovation with the help of strategic footprint positioning leads to establishing quality and effective standards to make the market more competitive.
List of Market Players Profiled
- BD (U.S)
- B. Braun (Germany)
- Baxter (U.S)
- ICU Medical (U.S)
- Conva Tec (U.K)
RECENT DEVELOPMENT
3P Innovations has launched a new valve that restores the body’s natural bladder protection by ensuring it empties and fills more naturally as it works like any pressure-relief valve. When the bladder is full the urine creates pressure to open the valve in the catheter and with this new technology once gets open there is no pressure left which determines that the bladder is completely emptied.
REPORT COVERAGE
This report is based on historical analysis and forecast calculation that aims to help readers get a comprehensive understanding of the global Catheter Holder Market from multiple angles, which also provides sufficient support to readers’ strategy and decision-making. Also, this study comprises a comprehensive analysis of SWOT and provides insights for future developments within the market. It examines varied factors that contribute to the market's growth by discovering the dynamic categories and potential areas of innovation whose applications may influence its trajectory in the upcoming years. This analysis encompasses both recent trends and historical turning points into consideration, providing a holistic understanding of the market’s competitors and identifying capable areas for growth. This research report examines the segmentation of the market by using both quantitative and qualitative methods to provide a thorough analysis that also evaluates the influence of strategic and financial perspectives on the market. Additionally, the report's regional assessments consider the dominant supply and demand forces that impact market growth. The competitive landscape is detailed meticulously, including shares of significant market competitors. The report incorporates unconventional research techniques, methodologies, and key strategies tailored for the anticipated frame of time. Overall, it offers valuable and comprehensive insights into the market dynamics professionally and understandably.