Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Radial Compression Devices Market – Insights

A radial compression device is band that is tied on the wrist in order to obtain reduced rates of radial artery occlusion after invasive coronary procedures. The use of this device is mandatory after every angiography and angioplasty procedure to stop bleeding.

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

Global Radial Compression Devices Market: 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.

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.

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

Radial Compression Devices  | Coherent Market Insights

Global Radial Compression Devices 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.

Global Radial Compression Devices 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.

Radial Compression Devices  | Coherent Market Insights

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.

Market Trends/Key Takeaways

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.  

Radial Compression Devices  | Coherent Market Insights

Global Radial Compression Devices Market: Competitive Landscape

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.

Global Radial Compression Devices Market: Key Developments

Major players in the market are focused on launching new products to expand their product portfolio. For instance, in August 2019, Merit Medical Systems Inc. launched the PreludeSync Evo radial compression device in the U.S.

Major players in the market are also focused on adopting M&A strategies to expand their product portfolio. For instance, in November 2019, Terumo Corporation announced its plans to acquire Aortica Corporation, a U.S.-based company dedicated to advancing the science of personalized vascular therapy.

A radial compression device are tied on the wrist of the patient undergoing angiography and angioplasty procedure to obtain reduced rates of radial artery occlusion after invasive coronary procedures. There are two types of radial compression devices disposable radial compression devices and reusable radial compression devices. Increasing number of angiography and angioplasty procedures is expected to propel the growth of the global radial compression devices market during the forecasted period. Furthermore, increasing prevalence of cardiovascular devices is expected to boost growth of the global radial compression devices market over the forecast period.

Key features of the study:

  • This report provides in-depth analysis of the Radial Compression Devices market  and provides market size (US$ million) and compound annual growth rate (CAGR %) for the forecast period (2019–2027), considering 2018 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategy adopted by key players
  • It profiles key players in the global Radial Compression Devices market  based on the following parameters – company overview, financial performance, product portfolio, market presence, distribution strategies, key developments, strategies, and future plans
  • Key companies covered as a part of this study 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.
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, technology up-gradation, market expansion, and marketing tactics
  • The global Radial Compression Devices market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global Radial Compression Devices market

Detailed Segmentation:

  • Radial Compression Devices Market, By Product Type:
    • Band/ Strap Based
    • Knob Based
    • Plate Based
  • Radial Compression Devices Market, By Usage:
    • Disposable Device
    • Reusable Device
  • Radial Compression Devices Market, By Application:
    • Surgical Intervention
    • Diagnostics
  • Radial Compression Devices Market, By End User:
    • Hospitals
    • Independent Catheterization Centers
    • Ambulatory Surgical Centers
    • Specialized Clinics
  • Radial Compression Devices Market, By Region:
    • North America
      • By Product 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
      • By Country:
        • U.S.
        • Canada
    • Latin America
      • By Product 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
      • By Country:
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • By Product 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
      • By Country:
        • Germany
        • U.K.
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • By Product 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
      • By Country:
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Middle East
      • By Product 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
      • By Country:
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • By Product 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
      • By Country:
        • South Africa
        • Central Africa
        • North Africa
  • Company Profiles
    • Terumo Corporation *
      • Company Overview
      • Product Portfolio
      • Key Highlights
      • Financial Overview
      • Strategies
    • Abbott Laboratories
    • Vascular Solutions Inc. (a part of Teleflex Incorporated)
    • Advanced Vascular Dynamics
    • Comed B.V
    • Merit Medical Systems Inc.
    • Beijing Demax Medical Technology Co., Ltd
  •  “*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Product Type
      • Market Snippets, By Usage
      • Market Snippets, By Application
      • Market Snippets, By End User
      • Market Snippet, By Region
      • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Impact Analysis
    • Key Highlights
    • Product launch
    • PEST Analysis
    • Regulatory Scenario
    • Mergers and Acquisitions
  4. Global Radial Compression Devices Market, By Product Type, 2019 – 2027, (US$ Mn)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017 – 2027
      • Segment Trends
    • Band/ Strap Based
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Band/ Strap Based
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Plate Based
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
  5. Global Radial Compression Devices Market, By Usage, 2019 – 2027, (US$ Mn)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017 – 2027
      • Segment Trends
    • Disposable Device
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Reusable Device
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
  6. Global Radial Compression Devices Market, By Application, 2019 – 2027, (US$ Mn)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017 – 2027
      • Segment Trends
    • Surgical Intervention
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Diagnostics
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
  7. Global Radial Compression Devices Market, By End User, 2019 – 2027, (US$ Mn)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017 – 2027
      • Segment Trends
    • Hospitals
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Independent Catheterization Centers
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Ambulatory Surgical Centers
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Specialized Clinics
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
  8. Global Radial Compression Devices Market, By Region, 2019 – 2027, (US$ Mn)
    • Introduction
      • Market Share Analysis, By Region, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, For Regions, 2017–2026
    • North America
      • Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Usage, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Application, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • U.S.
        • Canada
    • Latin America
      • Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Usage, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Application, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Usage, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Application, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • Germany
        • U.K.
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Usage, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Application, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of APAC
    • Middle East
      • Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Usage, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Application, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Usage, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Application, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • South Africa
        • Central Africa
        • North Africa
  9. Competitive Landscape
    • Company Profiles
      • Terumo Corporation
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Abbott Laboratories
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Vascular Solutions Inc. (a part of Teleflex Incorporated)
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Advanced Vascular Dynamics
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Comed B.V.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Merit Medical Systems Inc.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Beijing Demax Medical Technology Co., Ltd
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
  10. Section
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse 24 market data tables and 16 figures on “Radial Compression Devices Market - Global forecast to 2027”.

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