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Radial Compression Devices Market: Global Industry
Analysis and Opportunity Assessment, 2016–2026
April 2017
Report Id : REP-GB-2401
Status : Apr -2017
Category : Healthcare, Pharmaceuticals & Medical Devices
©2015 Future Market Insights, All Rights Reserved
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Radial Compression Devices Market
Approval to Radially-Accessible Medical Procedures Driving the Sales of Radial Compression Devices
Some of the most intrinsic medical procedures in the world, such as percutaneous coronary intervention
(PCI), will continue to be performed through non-surgical approach. With a view to avoid operational
implications, medical practitioners from around the world are now opting for radial access to procedures
such as PCI. In matured healthcare markets such as the UK, more than 75% of PCI cases are administered
through radial access. Demand for radial compression devices in such regions has also increased,
particularly due to a paralleled rise in occurrence of radial artery occlusion. Severe complications as such
are successfully triggering the demand for procedures that use radial compression devices. Future
Market Insights recently published its report on the global market for radial compression devices, which
estimates the market to be currently valued at US$ 140 Mn.
According to the report titled “Radial Compression Devices Market: Global Industry Analysis and
Opportunity Assessment, 2016-2026,” the global radial compression device market will expand at 8.3%
and reach US$ 330 Mn by the end of 2026. Adoption of procedures that include the use of radial
compression devices is on a rise these procedures help patients in saving their medical spending by
assuring a shorter hospital stay. Another leg-up for sales of radial compression devices is their role in
increasing life expectancy of patients. Radial compression devices as medical products will continue
gaining traction through the forecast period. The demand for band or strap-based radial compression
devices is anticipated to remain higher, procuring over 80% of global revenues through 2026.
Correspondingly, sales of knob-based radial compression devices is also projected to grow rampantly,
registering a 7.3% CAGR during the forecast period.
©2015 Future Market Insights, All Rights Reserved
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Radial Compression Devices Market
Excerpts from the report have established that North America will remain as the largest market for radial
compression devices in the years to come. With over 40% revenue share, North America dominates the
global radial compression device market, and is also anticipated to register a value CAGR of 9.1%.
Likewise, revenues from Western Europe are also expected to exhibit growth at 8.4% CAGR, bringing in
more than US$ 70 Mn by 2026-end. Throughout the forecast period, the radial compression device
market in Asia-Pacific excluding Japan (APEJ) is also projected to grow robustly, showcasing a value CAGR
of above 8%.
The usability of radial compression devices is also a crucial factor that promotes their sales. More than
90% of the global radial compression device revenues will be accounted by global sales of disposable
radial compression devices. A key advantage of using such devices in medical procedures is the
effectiveness of radial compression in minimising the risks of any post-procedural complications. By
reducing bleeding to a greater extent, and by lowering incidence of complication penetration, radial
compression devices will keep garnering approval from leading healthcare personnel, institutions,
authorities, as well as patients. In 2017 and beyond, hospitals and independent catheterisation labs
located across the globe will collectively be recognised as the largest end-users of radial compression
devices.
Key findings of the report also indicate the global radial compression devices market will be equally split
into surgical intervention and diagnostic applications, with the latter one registering an uptick in its
contribution to global market value.
©2015 Future Market Insights, All Rights Reserved
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Radial Compression Devices Market
The report reveals that the demand for radial compression devices is also growing on the account of
decreasing prices of coronary stents (used in cardiovascular treatments), and surging consolidation of the
market through active participation of the world’s leading medical device manufacturers. Some of the key
players in the global market for radial compression devices include Terumo Corporation, Merit Medical
Inc., Comed BV, Beijing Demax Medical Technology Co. Ltd., Abbot Laboratories, Vascular Solution Inc.,
and Advanced Vascular Dynamics.
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Table of Content
1. Executive Summary
2. Market Introduction
2.1. Market Definition
2.2. Market Taxonomy
3. Global Radial Compression Device Market Analysis Scenario
3.1. Market Value and Volume Analysis
3.2. Pricing Analysis
3.2.1. Price Projections Per Region
4. Market Dynamics
4.1. Macro-economic Factors
4.2. Drivers
4.2.1. Supply Side
4.2.2. Demand Side
©2015 Future Market Insights, All Rights Reserved
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Table of Content
4.3. Restraints
4.4. Opportunity
4.5. Global Trends
5. Global Radial Compression Device Market Analysis and Forecasts, By Product
5.1. Introduction
5.2. Basis Point Share (BPS) Analysis By Product Type
5.3. Y-o-Y Growth Projections By Product Type
5.4. Market Value and Volume Forecast By Product, 2016–2026
5.4.1. Band/Strap Based Radial Compression Devices
5.4.2. Knob Based Radial Compression Devices
5.4.3. Plate Based Radial Compression Devices
5.5. Market Attractiveness By Product
6. Global Radial Compression Device Market Analysis and Forecasts, By Usage
6.1. Introduction
6.2. Basis Point Share (BPS) Analysis By Usage
6.3. Y-o-Y Growth Projections By Usage
©2015 Future Market Insights, All Rights Reserved
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Table of Content
7. Global Radial Compression Device Market Analysis and Forecasts, By Application
7.1. Introduction
7.2. Basis Point Share (BPS) Analysis By Application
7.3. Y-o-Y Growth Projections By Application
7.4. Market Value Forecast By Application, 2016–2026
7.4.1. Diagnostic
7.4.2. Surgical Intervention
7.5. Market Attractiveness By Application
8. Global Radial Compression Device Market Analysis and Forecasts, By End User
8.1. Introduction
8.2. Basis Point Share (BPS) Analysis By End User
8.3. Y-o-Y Growth Projections By End User
8.4. Market Value Forecast By End User, 2016–2026
8.4.1. Hospitals
8.4.2. Independent Catheterization Labs
8.4.3. Ambulatory Surgery Centers
©2015 Future Market Insights, All Rights Reserved
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Table of Content
9. Global Radial Compression Device Market Analysis and Forecasts, By Region
9.1. Basis Point Share (BPS) Analysis By Region
9.2. Y-o-Y Growth Projections By Region
9.3. Market Value Forecast By Region
9.3.1. North America
9.3.2. Latin America
9.3.3. Western Europe
9.3.4. Eastern Europe
9.3.5. APEJ
9.3.6. Japan
9.3.7. MEA
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9.4. Market Attractiveness By Region
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