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Radial Compression Devices Market Analysis| Coherent Market Insights

The global radial compression devices market is estimated to account for US$ 357.7 Mn by the end of 2027.

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Radial Compression Devices Market Analysis| Coherent Market Insights

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  1. Coherent Market Insights Market Research and Business Consulting Services https://www.coherentmarketinsights.com/ COVID-19 Impact Tracker

  2. RADIAL COMPRESSION DEVICES MARKET ANALYSIS Radial Compression Devices Market,ByProduct Type (Band/ Strap Based, Knob Based, Plate Based), By Usage (Disposable Device, Reusable Device), By Application (Surgical Intervention, Diagnostics), By End User (Hospitals, Independent Catheterization Centers, Ambulatory Surgical Centers, Specialized Clinics), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2019 - 2027

  3. The global radial compression devices market is estimated to account for US$ 357.7 Mn in terms of value by the end of 2027. Drivers • Increasing prevalence of cardiovascular devices is expected to boost growth of the global radial compression devices market over the forecast period. For instance, according to American Heart Association’s Heart Disease and Stroke Statistics 2018, around 92.1 million adults in the U.S. are suffering from some form of cardiovascular devices or the after-effects of stroke.

  4. Moreover, advantages of radial access in a percutaneous coronary intervention (PCI) process are also expected to propel growth of the market. Radial access provides faster mobility to patients; the incision is smaller and the chances of infection at site is much lower in radial access as compared to transfemoral access. • North America region held dominant position in the global radial compression devices market in 2019, accounting for 40.0% share in terms of value, followed by Europe.

  5. Figure 1.Global Radial Compression Devices Market Share (%), by Region, 2019

  6. Market Restraints • The radial artery is smaller than the femoral artery, which has limited the radial approach for PCI procedures. If the diameter of catheter is more than 2 mm then it is difficult for caregivers to use it. Furthermore, radial access is not possible if catheter of more than 2.5 mm diameter is used. Some PCI procedures require larger guidewire catheters or simultaneous deployment of more than two catheters, which is not possible by radial approach. Such limitations are expected to restrain growth of the global radial compression devices market. • Moreover, conventional method of femoral access is still adopted in developing countries, which is also expected to hinder growth of the market.

  7. Market Opportunities • Decrease in prices of stents is expected to offer lucrative growth opportunities for players in the global radial compression devices market. High prices of coronary stents has led to their low adoption in emerging economies. However, in the recent past, the cost of stents has decreased in certain countries in Asia Pacific, which is expected to boost affordability of PCI procedures in the region. • Moreover, government initiatives to reduce prices of stents is also expected to aid in growth of the market. For instance, the prices of coronary stents have decreased significantly in India, owing to capping of the sale price of coronary stents by the Government of India in February 2017. • Surgical Intervention segment in the global radial compression devices market was valued at US$ 91.0 Mn in 2019 and is expected to reach US$ 173.8 Mn by 2027 at a CAGR of 8.4% during the forecast period.

  8. Market Trends • Radial artery occlusion is the most reported complication during the use of radial compression devices. Market respondents note usage of branded radial compression devices may lead to reduced rates of radial occlusion after performing invasive coronary procedures. • In matured markets such as the U.K., the adoption of radial access is high across all types of caregiving institutions.

  9. Competitive Section Major players operating in the global radial compression devices market include, Terumo Corporation, Abbott Laboratories, Vascular Solutions Inc. (a part of Teleflex Incorporated), Advanced Vascular Dynamics, Comed B.V., Merit Medical Systems Inc., and Beijing Demax Medical Technology Co., Ltd.

  10. Request Sample Report • Request Customization • Download PDF Brochure • Talk to Analyst Reference: https://www.coherentmarketinsights.com/market-insight/radial-compression-devices-market-3542

  11. About Us Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. What we provide: • Customized Market Research Services • Industry Analysis Services • Business Consulting Services • Market Intelligence Services • Long term Engagement Model • Country Specific Analysis

  12. Contact Us Mr. Shah Coherent Market Insights Pvt.Ltd. Address: 1001 4th Ave, #3200 Seattle, WA 98154, U.S. Phone: +1-206-701-6702 Email: sales@coherentmarketinsights.com

  13. Thank You! Kindly follow CMI Social Media Profiles for the latest company updates Facebook Linkedin Twitter https://www.coherentmarketinsights.com/

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