Radial Compression Devices Market: By Product Type, By Application, By End User and Region Forecast 2019-2030    

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Radial Compression Devices Market Size, Share, Growth, Trends, and Global Industry Analysis: By Product Type (Band/Strap Based, Knob Based, Plate Based By Technology, Disposable, Reusable), By Application (Diagnostic, Surgical Intervention), By End User (Hospitals, Cardiac Care Centers, Ambulatory Surgical Centers) and Region Forecast 2019-2030    

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The radial compression devices market was valued at US$ 458.4 million in 2023 and is poised to grow at a significant CAGR of 7.6% from 2024-2030. Dial artery access is a development in contemporary interventional cardiology for cardiovascular testing and intervention. The smaller size of the artery and an easier position for safe compression with a decreased risk of severe access site haemorrhage, which may have a detrimental effect on prognosis, are the key benefits of using the radial artery. Since it has shown that routinely using radial artery access can lower both access site haemorrhage and overall mortality, particularly when combined with the concurrent use of strong antithrombotic drugs. Radial access issues are uncommon due to the superficial position and simplicity of compression, making access site maintenance following intervention simpler than with femoral access.

Key Developments

  • In Aug 2019, PreludeSYNC EVO, a radial compression device, was introduced in the US by Merit Medical. Following catheterization procedures, this sterile, one-time-use device helps to achieve hemostasis at the artery percutaneous access site.

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Radial Compression Devices Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

7.6%

Largest Market

North-America

Fastest Growing Market

Asia Pacific

Radial Compression Devices Market Dynamics

The majority of diseases in the world are still caused by cardiovascular problems. Almost all nations outside of high-income nations continue to see an increase in the burden of CVD, and frighteningly, the age-standardized rate of CVD has started to rise in several places where it was previously dropping in high-income nations. One of the main factors influencing the market's expansion is the morbidity of cardiovascular illnesses. Cardiovascular disease had shown marked prevalence in industrialized nations, especially in adult populations. Interventional cardiologists and radiologists in the healthcare sector benefit from ongoing technology advancements made by a few of the players.

Radial Compression Devices Market Segmentation Analysis

Report Benchmarks

Details

Report Study Period

2024-2030

Market Size in 2023

US$ 458.4 million

Market CAGR

7.6%

By Product Type

  • Band/Strap based radial compression devices
  • Knob based radial compression devices
  • Plate based radial compression devices

By Application

  • Diagnostic intervention
  • Surgical intervention

By End User

  • Hospitals
  • Independent Catheterization Labs
  • Ambulatory Surgery Centers
  • Specialized Centers

By Region

  • North America (U.S., Canada)
  • Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)
  • Latin America (Mexico, Brazil, Argentina, Columbia, Rest of Latin America)
  • Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)

Key Features of the Report

  • The radial compression devices market report provides granular level information about the market size, regional market share, historic market (2019 to 2023) and forecast (2024 to 2030)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis

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Frequently Asked Questions

The radial compression devices market size was valued at US$ 458.4 million in 2023 and projected to rise at a CAGR of 7.6% over 2024-2030.

Abbott, Comed B.V, Semler Technologies, Inc., Merit Medical Systems, Beijing Demax Medical Technology co., Ltd.

Asia Pacific is the fastest-growing region for radial compression devices market

Author image

Author

Muni Kumar Meravath

Muni Kumar Meravath is a seasoned Healthcare Market Research Analyst with over 6 years of experience in the healthc.....

1.Executive Summary
2.Global Radial Compression Devices Market Introduction 
2.1.Global Radial Compression Devices Market  - Taxonomy
2.2.Global Radial Compression Devices Market  - Definitions
2.2.1.Product Type
2.2.2.Application
2.2.3.End -User
2.2.4.Region
3.Global Radial Compression Devices Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Product Landscape
3.6. New Product Launches
3.7. Impact of COVID 19 on Market
4.Global Radial Compression Devices Market Analysis, 2019 - 2023 and Forecast 2024 - 2030
4.1.  Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
4.2.  Year-Over-Year (Y-o-Y) Growth Analysis (%) 
4.3.  Market Opportunity Analysis 
5.Global Radial Compression Devices Market  By Product Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
5.1. Band/Strap based radial compression devices
5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.1.3. Market Opportunity Analysis 
5.2. Knob based radial compression devices
5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.2.3. Market Opportunity Analysis 
5.3. Plate based radial compression devices
5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.3.3. Market Opportunity Analysis 
6.Global Radial Compression Devices Market  By Application, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
6.1. Diagnostic intervention
6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.1.3. Market Opportunity Analysis 
6.2. Surgical intervention
6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.2.3. Market Opportunity Analysis 
7.Global Radial Compression Devices Market  By End -User, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
7.1. Hospitals
7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.1.3. Market Opportunity Analysis 
7.2. Independent Catheterization Labs
7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.2.3. Market Opportunity Analysis 
7.3. Ambulatory Surgery Centers
7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.3.3. Market Opportunity Analysis 
7.4. Specialized Centers
7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.4.3. Market Opportunity Analysis 
8.Global Radial Compression Devices Market  By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
8.1. North America
8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.1.3. Market Opportunity Analysis 
8.2. Europe
8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.2.3. Market Opportunity Analysis 
8.3. Asia Pacific (APAC)
8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.3.3. Market Opportunity Analysis 
8.4. Middle East and Africa (MEA)
8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.4.3. Market Opportunity Analysis 
8.5. Latin America
8.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.5.3. Market Opportunity Analysis 
9.North America Radial Compression Devices Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
9.1. Product Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.1.1.Band/Strap based radial compression devices
9.1.2.Knob based radial compression devices
9.1.3.Plate based radial compression devices
9.2.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.2.1.Diagnostic intervention
9.2.2.Surgical intervention
9.3.  End -User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.3.1.Hospitals
9.3.2.Independent Catheterization Labs
9.3.3.Ambulatory Surgery Centers
9.3.4.Specialized Centers
9.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.4.1.United States of America (USA)
9.4.2.Canada
10.Europe Radial Compression Devices Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
10.1. Product Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.1.1.Band/Strap based radial compression devices
10.1.2.Knob based radial compression devices
10.1.3.Plate based radial compression devices
10.2.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.2.1.Diagnostic intervention
10.2.2.Surgical intervention
10.3.  End -User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.3.1.Hospitals
10.3.2.Independent Catheterization Labs
10.3.3.Ambulatory Surgery Centers
10.3.4.Specialized Centers
10.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.4.1.Germany
10.4.2.France
10.4.3.Italy
10.4.4.United Kingdom (UK)
10.4.5.Spain
11.Asia Pacific (APAC) Radial Compression Devices Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
11.1. Product Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.1.1.Band/Strap based radial compression devices
11.1.2.Knob based radial compression devices
11.1.3.Plate based radial compression devices
11.2.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.2.1.Diagnostic intervention
11.2.2.Surgical intervention
11.3.  End -User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.3.1.Hospitals
11.3.2.Independent Catheterization Labs
11.3.3.Ambulatory Surgery Centers
11.3.4.Specialized Centers
11.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.4.1.China
11.4.2.India
11.4.3.Australia and New Zealand (ANZ)
11.4.4.Japan
11.4.5.Rest of APAC
12.Middle East and Africa (MEA) Radial Compression Devices Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
12.1. Product Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.1.1.Band/Strap based radial compression devices
12.1.2.Knob based radial compression devices
12.1.3.Plate based radial compression devices
12.2.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.2.1.Diagnostic intervention
12.2.2.Surgical intervention
12.3.  End -User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.3.1.Hospitals
12.3.2.Independent Catheterization Labs
12.3.3.Ambulatory Surgery Centers
12.3.4.Specialized Centers
12.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.4.1.GCC Countries
12.4.2.South Africa
12.4.3.Rest of MEA
13.Latin America Radial Compression Devices Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
13.1. Product Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.1.1.Band/Strap based radial compression devices
13.1.2.Knob based radial compression devices
13.1.3.Plate based radial compression devices
13.2.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.2.1.Diagnostic intervention
13.2.2.Surgical intervention
13.3.  End -User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.3.1.Hospitals
13.3.2.Independent Catheterization Labs
13.3.3.Ambulatory Surgery Centers
13.3.4.Specialized Centers
13.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.4.1.Brazil
13.4.2.Mexico
13.4.3.Rest of LA
14. Competition Landscape
14.1.  Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) 
14.2.1.Terumo Medical Corporation
14.2.2.Abbott
14.2.3.Comed B.V
14.2.4.Semler Technologies, Inc.
14.2.5.Merit Medical Systems
14.2.6.Beijing Demax Medical Technology co., Ltd.
14.2.7.STONE MEDICAL DEVICES PVT. LTD
14.2.8.Medtronic
14.2.9.Palex Medical SA
14.2.10.KARDIA Srl
15. Research Methodology 
16. Appendix and Abbreviations 

Key Market Players

  • Terumo Medical Corporation
  • Abbott
  • Comed B.V
  • Semler Technologies, Inc.
  • Merit Medical Systems
  • Beijing Demax Medical Technology co., Ltd.
  • STONE MEDICAL DEVICES PVT. LTD
  • Medtronic
  • Palex Medical SA
  • KARDIA Srl

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