As per the research report, the size of the Latin America Catheter Stabilization Devices Market is valued at USD 134.90 million in 2023 and estimated to be growing at a CAGR of 7.35%, to reach USD 192.31 million by 2028 during the forecast period 2023 to 2028.
Catheter Stabilization Devices secure the position of a catheter on the skin of a patient in order to maintain the catheter’s position inserted through an insertion site. They are commonly used to administer medicines to a patient or to extract body fluids.
The device consists of a catheter clipping element that is present on an anti-allergic adhesive pad. The catheter clipping element comprises a clipping body that ends in open arms for convenient and easy clipping and unclipping of a cannula, catheter, catheter, cannula terminal adapter and others. The clipping body is directed outwards from the surface at the top of the pad in a transverse direction or vertical direction or both, in order to facilitate unclipping and clipping. A longitudinal axis of the clipping body can be directed towards the top surface of the pad so as to enhance stabilization and support for the correct orientation of the catheter in the direction of the insertion site.
The driving factors of Latin America catheter stabilization devices market are rising geriatric population, rising prevalence of lifestyle diseases, growing healthcare health care expenditure and increasing demand for minimally invasive surgeries among others. However, the market is constrained by factors such as a preference for alternative devices and the high price of technologically advanced products.
This research report on the Latin America Catheter Stabilization Devices Market has been segmented and sub-segmented into the following categories:
By End User:
Factors such as the growing geriatric population and rising preference for minimally invasive surgeries are expected to drive the market growth in the region.
Prominent companies leading in the Latin America Catheter Stabilization Devices Market profiled in the report 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.).
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