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(Medical-NewsWire.com, September 28, 2018 ) Overview:
Catheter stabilizers are increasingly used in minimally invasive operations and surgeries. The catheter is stabilized or secured to prevent inadvertent removal, reduce bladder and urethra injuries, and reduce tissue inflammation. The main purpose of catheter fixation is to stop excessive traction or pull the catheter. Several methods are used to stabilize a catheter, such as adhesive anchors, catheter ribbons and tape, among others. Catheters are used for patients suffering from various disorders such as urinary retention and urinary incontinence and in patients having genital or prostate surgery or suffering from diseases such as dementia, Parkinson's disease and multiple sclerosis.
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Europe Catheter stabilization Devices Market size was around USD 273.22 Million in 2018. It is expected to grow at a CAGR of 7.32% to reach USD 388.97 Million by 2023.
Drivers and Restraints:
High prevalence of lifestyle diseases such as cardiovascular diseases, cancers and renal failures, increase in number of surgeries, increasing demand for minimally invasive surgeries, increase in aging population, surgical number of catheter placements. However, the market is constrained by factors such as preference for alternative devices and high price of technologically advanced products.
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Geographic Segmentation
The Europe market has been geographically segmented into Germany, U.K, France, Spain, and Italy. Europe has the second largest market in the world for catheter stabilization devices. Factors such as growing geriatric population and rising preference for minimally invasive surgeries are expected to drive the market growth in the region.
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Major companies in the market are Medtronic plc (U.S.), 3M Company (U.S.), B. Braun Melsungen AG (Germany), ConvaTec Inc. (U.S.), C. R. Bard, Inc. (U.S.), Baxter International, Inc. (U.S.), Smiths Group plc (U.K.), Centurion Medical Products (U.S.), Merit Medical Systems, Inc. (U.S.), and M.C. Johnson Company, Inc. (U.S.).
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 strategically 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.
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abhishek@marketdataforecast.com
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