Radial Artery Compression Devices Market expected to grow significantly over the forecast period. It is anticipated that the market held a market value of USD 350.65 million in 2018 and is projected to grow at a CAGR of 7.9% over the forecast period.
Market Overview
Radial artery compression devices are expected to grow at a significant growth rate. The major factors influencing the growth of the market include; increasing growth in technological advancement in the field of medical devices, rising economic growth, increasing cardiovascular disorders, increasing geriatric devices, and others.
The high occurrence rate of cardiovascular diseases (CVD) globally relates to the high prevalence of well-known risk factors such as hypertension, smoking, dyslipidemia (high cholesterol), diabetes, obesity, and unhealthy lifestyle. The US tops the chart as the most obese country in North America with 36.2% of its total population having a body mass index of over 30.0.
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The increasing cardiovascular rate is eventually driving the growth of the radial artery compression devices market. For instance, according to the American Heart Association, in 2014, around 31% of the deaths in the US were due to cardiovascular disorders. Similarly, as per the American Heart Association, around USD 555 billion was spent in the Americas for the treatment of cardiovascular disorders.
Major Key Players Competitive Dashboard
Some of the major players operating in the global radial artery compression devices market are –
Terumo Corporation
Medtronic
Merit Medical Inc.
Abbott Laboratories
ADVANCED LIFESCIENCES PVT. LTD
Perouse Medical
HTKD Medical
MEDAS INC
Vascular Solution Inc.
Beijing Demax Medical Technology
Advanced Vascular Dynamics
Comed B.V.
Market Segmentation
The global radial artery compression devices market has been segmented into product, usage, and end user.
Based on product, the market is segmented into band/strap based devices, knob-based devices, plate-based devices, and others.
On the basis of usage, the market is segmented into disposable devices and reusable devices.
Based on end user, the radial artery compression devices market is segmented into hospitals, clinics, ambulatory centers, cath lab, and others.
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Intended Audience
- Radial artery compression devices manufacturers
- Radial artery compression devices distributors
- Hospitals, clinics, and associations
- Private insurance companies
- Government agencies
- Various research and consulting firms
Global Regional Market Analysis
Geographically the market has been segmented into the Americas, Europe, Asia-Pacific, and the Middle East & Africa.
Chapter 9. Global Digital Radiology Devices Market, By Region
9.1 Introduction
9.2 Americas
9.2.1 North America
9.2.1.1 US
9.2.1.2 Canada
9.2.2 Latin America
9.3 Europe
9.3.1 Western Europe
9.3.1.1 Germany
9.3.1.2 France
9.3.1.3 Italy
9.3.1.4 Spain
9.3.1.5 UK
9.3.1.6 Rest Of Western Europe
9.3.2 Eastern Europe
9.4 Asia-Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 South Korea
9.4.6 Rest Of Asia-Pacific
9.5 Middle East & Africa
9.5.1 Middle East
9.5.2 Africa
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