Global Securement Devices Market is Expected to Reach $1,372.35 Million by 2020

Date: 2015-09-09

“The global securement devices market is expected to reach $1,372.35 million by 2020 from $957.26 million in 2015, growing at a CAGR of 7.47% between 2015 and 2020. The securement devices product segments included in this report are arterial securement devices, central venous catheter securement devices, peripheral securement devices, abdominal drainage tubes securement devices, epidural securement devices, chest drainage tube securement devices, and all-site devices. 

The central venous catheter securement devices segment is further divided on the basis of type into PICC securement devices, subclavian securement devices, jugular securement devices, femoral securement devices, portal securement devices, and midlines securement devices. The peripheral securement devices segment is further divided into foley catheter securement devices, nasogastric tubes securement devices, endotracheal tube securement devices, continuous nerve block catheter securement devices, and ventriculoperitoneal shunt securement devices. The abdominal drainage tubes securement device segment is further divided into percutaneous endoscopic gastrostomy securement device, umbilical catheter securement device, and jejunal catheter securement device. On the basis of applications, the report is segmented into general surgery, cardiovascular, respiratory, urological, gastric and oropharyngeal, radiology and other applications. 

The cardiovascular procedures applications had the largest share of the securement devices market in 2015. The cardiovascular procedures application is also expected to be one of the fastest growing applications between 2015 and 2020. 

The key driver for this market is increased healthcare expenditures. Furthermore, growing aging population, increasing prevalence of lifestyle diseases, and increasing demand for minimally invasive surgeries will aid the growth of the global securement devices market. 

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