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Radial Artery Compression Devices - Global Market Outlook (2019-2027)

Radial Artery Compression Devices - Global Market Outlook (2019-2027)

4.4 (56 reviews)
Published: July 2020 ID: SMRC19579
4.4 (56 reviews)
Published: July 2020 ID: SMRC19579

This report covers the impact of COVID-19 on this global market

According to Stratistics MRC, the Global Radial Artery Compression Devices market is accounted for $383.51 million in 2019 and is expected to reach $786.90 million by 2027 growing at a CAGR of 9.4% during the forecast period. Some of the key factors propelling the market growth are rising growth in technological development in the field of medical devices, increasing economic growth and growing cardiovascular disorders. However, device complexity and cost are the restraining factor for the growth of the market.

Radial Artery compression devices are planned for encouraging hemostasis after catheterization of arteries. Radial Artery compression devices comprises of compression balloons, unilateral valve, adjustable belt and tubing. Radial artery compression devices are used for the radial artery in the hand after the transradial procedure. Artery compression method is a most efficient method for hematomas prevention. For most of the percutaneous coronary interventions and cardiac angiography, radial access is the preferred choice because of reduced complication than femoral access.

By type, reusable devices segment is going to have a huge demand due to providing superior comfort and convenience for the patient, minor rates of vascular complications and major bleeding, with potential impact on morbidity and mortality. Thus, the adoption of strategies that decrease the danger of arterial occlusion after invasive process. On the basis of geography, Asia Pacific is estimated to have a lucrative growth in the forecast period. The growth is mainly attributed by increasing geriatric population, the presence of a huge patient pool and rapidly improving the technology.

Some of the key players in Radial Artery Compression Devices Market include Abbott Laboratories, ADVANCED LIFESCIENCES PVT. LTD, Advanced Vascular Dynamics, Beijing Demax Medical Technology, Comed B.V, HTKD Medical, MEDAS INC, Medtronic, Merit Medical, Inc, Perouse Medical, Terumo Corporation and Vascular Solution, Inc .

Types Covered:
• Reusable Devices
• Disposable Devices

Products Covered:
• Plate-Based Devices
• Band/Strap Based Devices
• Knob-Based Devices

Sizes Covered:
• Large
• Standard

Sales Channels Covered:
• Manufacturer/Distributor/Service Provider
• Aftermarket

Mechanisms Covered:
• Mechanical
• Pneumatic

End Users Covered:
• Ambulatory Surgical Centres
• Cath lab
• Hospitals
• Specialised Clinics

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK 
o Spain
o Rest of Europe      
• Asia Pacific
o Japan       
o China       
o India       
o Australia       
o New Zealand      
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliance

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