Home-based Catheterization and Self-Catheterization Fuel Market Expansion
The adoption of home-based catheterization is a significant driver for the catheter stabilization devices market, with an increasing number of dialysis patients opting for home treatment. Manufacturers are developing innovative products to support self-catheterization, reducing hospitalization costs and minimizing the risk of Hospital-acquired Infections (HAIs). The market is witnessing a surge in awareness about catheter stabilizers in developing countries like China, India, and Brazil, providing lucrative opportunities for market players.
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Dominance of CVC Stabilization Devices and Growing ASCs Propel Market Segments
In terms of product type, Central Venous Catheter (CVC) stabilization devices held a major market share in 2021, especially in securing catheters used for the administration of vasoactive medications during cardiovascular disease treatments. Additionally, the hospitals & Ambulatory Surgical Centers (ASCs) segment is expected to dominate end-user preferences, driven by the rise in the number of ASCs globally. This growth is attributed to increased awareness, accessibility, and the growing prevalence of chronic diseases.