- Band/Strap based radial compression devices
- Knob based radial compression devices
- Plate based radial compression devices
The radial compression devices market was valued at USD 398.4 million in 2022 and is poised to grow at a significant CAGR of 7.6% over 2023-2029. 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.
Radial Compression Devices Market 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.
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.
Asia-Pacific Got Significant Share
Radial Compression Devices Market Regional Analysis
The Radial Compression Devices market in Asia Pacific is accounted for significant revenue share in 2022, and it is predicted to expand at healthy growth rate over the forecast period. Rising imports and exports, with imports serving as the main driver, are predicted to cause the Asia Pacific market to grow at a healthy rate over the projected timeframe. Other considerations include improved post-procedure problems, an ageing population, improved patient safety and comfort, and research and development programmes. As a result, companies active in the radial artery compression devices market should ideally focus on growing their product lines, streamlining their procedures for creating new goods, and launching new and improved radial artery compression devices in China and India. Therefore, within the anticipated timeframe, pneumatic radial artery compression devices will outsell mechanical radial artery compression devices in sales.
Latin America
Europe
Asia Pacific
Middle East
North America
Key Features of the Reports
- The radial compression devices market report provides granular level information about the market size, regional market share, historic market (2018-2022), and forecast (2023-2029)
- 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 start-up details that are actively working in the market
- The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
Radial Compression Devices Market Segmentation
By Product Type
By Application
- Diagnostic intervention
- Surgical intervention
By End User
- Hospitals
- Independent Catheterization Labs
- Ambulatory Surgery Centers
- Specialized Centers
Frequently Asked Questions
The radial compression devices market is projected to expand at a CAGR of 7.6% during the forecast period.
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
- Executive Summary
- Global Radial Compression Devices Market Introduction
- Global Radial Compression Devices Market Taxonomy
- Global Radial Compression Devices Market Definitions
- Product Type
- Technology
- Application
- Global Radial Compression Devices Market Dynamics
- Drivers
- Restraints
- Opportunities/Unmet Needs of the Market
- Trends
- Global Radial Compression Devices Market Dynamic Factors - Impact Analysis
- Global Radial Compression Devices Market Competition Landscape
- Global Radial Compression Devices Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029
- Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
- Year-over-Year (Y-o-Y) Growth Analysis (%)
- Market Opportunity Analysis
- Global Radial Compression Devices Market, By Product Type, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
- Band/Strap Based
- Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
- Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
- Market Opportunity Analysis
- Knob Based
- Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
- Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
- Market Opportunity Analysis
- Plate Based
- Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
- Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
- Market Opportunity Analysis
- Band/Strap Based
- Global Radial Compression Devices Market Forecast, By Technology, 2018 - 2022 and Forecast, 2023 - 2029
- Disposable
- Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
- Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
- Market Opportunity Analysis
- Reusable
- Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
- Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
- Market Opportunity Analysis
- Disposable
- Global Radial Compression Devices Market Forecast, By Application, 2018 - 2022 and Forecast, 2023 - 2029
- Diagnostic
- Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
- Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
- Market Opportunity Analysis
- Surgical Intervention
- Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
- Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
- Market Opportunity Analysis
- Diagnostic
- Global Radial Compression Devices Market Forecast, By End User, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
- Hospitals
- Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
- Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
- Market Opportunity Analysis
- Cardiac Care Centers
- Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
- Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
- Market Opportunity Analysis
- Ambulatory Surgical Centers
- Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
- Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
- Market Opportunity Analysis
- Hospitals
- Global Radial Compression Devices Market Forecast, By Region, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
- North America
- Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
- Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
- Market Opportunity Analysis
- Europe
- Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
- Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
- Market Opportunity Analysis
- Asia-Pacific
- Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
- Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
- Market Opportunity Analysis
- Latin America
- Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
- Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
- Market Opportunity Analysis
- Middle East and Africa
- Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
- Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
- Market Opportunity Analysis
- Global Radial Compression Devices Market - Opportunity Analysis Index, By Product Type, Technology, Application, End User, and Region, 2023 - 2029
- North America
- North America Radial Compression Devices Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
- Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
- Band/Strap Based
- Knob Based
- Plate Based
- Technology Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
- Disposable
- Reusable
- Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
- Diagnostic
- Surgical Intervention
- End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
- Hospitals
- Cardiac Care Centers
- Ambulatory Surgical Centers
- Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
- USA
- Canada
- North America Radial Compression Devices Market - Opportunity Analysis Index, By Product Type, Technology, Application, End User, and Country, 2023 - 2029
- North America Radial Compression Devices Market Dynamics Trends
- Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
- Europe Radial Compression Devices Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
- Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
- Band/Strap Based
- Knob Based
- Plate Based
- Technology Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
- Disposable
- Reusable
- Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
- Diagnostic
- Surgical Intervention
- End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
- Hospitals
- Cardiac Care Centers
- Ambulatory Surgical Centers
- Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
- Germany
- UK
- France
- Spain
- Italy
- Russia
- Poland
- Rest of Europe
- Europe Radial Compression Devices Market - Opportunity Analysis Index, By Product Type, Technology, Application, End User, and Country, 2023 - 2029
- Europe Radial Compression Devices Market Dynamics Trends
- Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
- Asia Pacific Radial Compression Devices Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
- Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
- Band/Strap Based
- Knob Based
- Plate Based
- Technology Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
- Disposable
- Reusable
- Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
- Diagnostic
- Surgical Intervention
- End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
- Hospitals
- Cardiac Care Centers
- Ambulatory Surgical Centers
- Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
- Japan
- China
- India
- ASEAN
- Australia & New Zealand
- Rest of Asia-Pacific
- Asia Pacific Radial Compression Devices Market - Opportunity Analysis Index, By Product Type, Technology, Application, End User, and Country, 2023 - 2029
- Asia Pacific Radial Compression Devices Market Dynamics Trends
- Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
- Latin America Radial Compression Devices Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
- Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
- Band/Strap Based
- Knob Based
- Plate Based
- Technology Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
- Disposable
- Reusable
- Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
- Diagnostic
- Surgical Intervention
- End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
- Hospitals
- Cardiac Care Centers
- Ambulatory Surgical Centers
- Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Latin America Radial Compression Devices Market - Opportunity Analysis Index, By Product Type, Technology, Application, End User, and Country, 2023 - 2029
- Latin America Radial Compression Devices Market Dynamics Trends
- Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
- Middle East and Africa Radial Compression Devices Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
- Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
- Band/Strap Based
- Knob Based
- Plate Based
- Technology Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
- Disposable
- Reusable
- Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
- Diagnostic
- Surgical Intervention
- End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
- Hospitals
- Cardiac Care Centers
- Ambulatory Surgical Centers
- Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
- Gulf Cooperation Council (GCC) Countries
- Israel
- South Africa
- Rest of MEA
- MEA Radial Compression Devices Market - Opportunity Analysis Index, By Product Type, Technology, Application, End User, and Country, 2023 - 2029
- MEA Radial Compression Devices Market Dynamics Trends
- Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
- Competition Landscape
- Strategic Dashboard of Top Market Players
- Company Profiles (Introduction, Financial Analysis, Product Type & Service Offerings, Key Developments, Strategies, and SWOT Analysis)
- Merit Medical Systems
- Perouse Medical
- Terumo Corporation
- Comed B.V.
- Medtronic plc
- Advanced Vascular Dynamics
-
- Research Methodology
- Key Assumptions and Acronyms
- 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