Arterial catheterization is an invasive technique to measure blood pressure more accurately than non-invasive blood pressure cuff. Arterial catheterization is applied to critically ill patients in an intensive care unit. A thin and hollow catheter is inserted in the wrist or groin of the patient and hence require stabilization. Arterial stabilization device is a one-time use device required to keep the catheter in a secured position. Arterial stabilization device is light in weight and can make patient movements easier. Arterial stabilization device has application among patients who underwent heart surgery or cardiovascular procedures. According to the American Heart Association, the risk of hypertension among adults from 20 to 85 years age is estimated to be 86.1%.
Reduced diagnostic rate and patient hospital visits are expected to have short term effect on arterial stabilization device market. Shutdown in several countries has impacted supply chain activities dealing with trading across borders, hence reduction in the growth rate of arterial stabilization device market is observed. The arterial stabilization device market is expected to observe the temporary effect of a pandemic due to non-avoidable health conditions requiring arterial catheterization.
Increasing prevalence of heart disorders is expected to increase demand for arterial stabilization device market. The rise in the number of cardiovascular surgical procedure propels the demand for arterial stabilization device market. Changing lifestyle increases the risk for hypertension and is expected to boost arterial stabilization device market demand during the forecast period. An increasing rate of diagnosis and hospitalization will have a significant impact on arterial stabilization device market growth. Ease in reimbursement policies of increasing surgical procedures will lead to arterial stabilization device market growth. The rise in the number of research and development activities among leading market players has led to arterial stabilization device market expansion. For instance, in 2018 the Becton, Dickinson and Company launched its Arterial select stabilization device in the market. The adhesive used in arterial stabilization device cam sometime cause skin irritation and challenging growth of arterial stabilization device market. Stringent regulatory requirements for device approval can hinder arterial stabilization device market growth.
The global arterial stabilization device market is classified based modality, application, end-users and region.
Based on the modality, the arterial stabilization device market is segmented into the following:
Based on the application, the arterial stabilization device market is segmented into the following:
- Heart surgery
- Cardiovascular procedures
Based on the end-users, the arterial stabilization device market is segmented into the following:
- Ambulatory Surgical Centres
- Speciality clinics
Adhesive type of arterial stabilization device is most commonly used and is expected to generate the highest revenue in the arterial stabilization device market. Whereas, based on application heart surgery has the highest contribution in arterial stabilization device market with increased demand for arterial catheterization. Hospitals is expected to be the largest end-users in arterial stabilization device market with a large patient population followed by ambulatory surgical centres.
North America is estimated to dominate arterial stabilization device market with a high rate of development and commercialization of medical devices in the region. Whereas, Europe is the second leading region in arterial stabilization device market with significant advancement of technology and investment towards its research and development. Asia-Pacific is expected to observe the exponential rise in demand for arterial stabilization device market with a large pool of patient population requiring arterial catheterization. The Middle East and Africa are the least developed regions and forecasted to observe a slower growth rate as compared to other regions in the arterial stabilization device market.
Some key players contributing global arterial stabilization device market are The 3M Company, Cardinal Health, Baxter International Inc., B. Braun AG, ConvaTec Group plc. , C. R. Bard, Inc., Smiths Medical, BioDerm Inc., Adhezion Biomedical LLC, Owens & Minor, Inc., Dale Medical Products, Inc., Centurion Medical Products, Merit Medical Systems, TIDI Produts, LLC, mermaid medical A/S, and others.
The report on Arterial Stabilization Device Market covers exhaustive analysis on:
- Market Segments
- Market Dynamics
- Historical Actual Market Size, 2015 - 2019
- Market Size & Forecast 2020 to 2030
- Supply & Demand Value Chain
- Market Current Trends/Issues/Challenges
- Competition & Companies involved
- Value Chain
- Market Drivers and Restraints
Regional analysis for Arterial Stabilization Device Market includes
- North America
- Latin America
- East Asia
- South Asia
- Middle East & Africa
Report on Arterial Stabilization Device Market highlights:
- Shifting industry dynamics
- In-depth market segmentation
- Historical, current and projected industry size
- Recent industry trends
- Key competition landscape
- Strategies of key players and product offerings
- Potential and niche segments/regions exhibiting promising growth
- A neutral perspective towards market performance
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