Radial Compression Devices Market is Expected to Reach US$ 793.4 Mn by 2025

Posted by Shristi on November 6th, 2019

Analyst Speak: 

The Radial Compression Devices Market is growing at prominent growth rate over forecast period 2019-2025 and expected to reach US$ 44.8 Mn by 2025, due to upsurge in R&D for the development and launch of newer radial compression devices into market”

Precision Business Insights (PBI) in its report titled “Radial Compression Devices Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2014-2018 and Forecast 2019-2025” assesses the market performance over seven years forecast period from 2019 to 2025. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period.

Avail Sample Report of the Market @ https://www.precisionbusinessinsights.com/request-sample?product_id=37805 

The radial compression devices market estimated to account for US$ 793.4 Mn by 2025. The dynamics impelling the growth of global radial compression devices market include surge in the prevalence of rise in aging population coupled with surge in prevalence of cardiovascular diseases around the globe. For instance, according to WHO, CVDs are the major cause of death globally and more people die from CVDs than from any other disease. In 2016, approximately 17.9 Mn people died from CVDs that represents approximately 31% of all global deaths. Moreover, rise in R&D for the development of newer products, fundraising from public and private sectors, and surge in adoption of radial approach over femoral are anticipated to burgeon the market over the forecast years. However, stringent regulations for the product approval, product recall, and adoption of alternative products for the radial compression devices are anticipated to hinder the radial compression devices market. For instance, in March 2017, Merit Medical Systems recalled PreludeSYNC radial compression device due to generation of particulate during the manufacturing process may enter the valve that may leads to prevention of complete seal of the inflation valve

Radial compression devices market segmented on the basis of product type, technology, application, end user, and region.

Band/Strap based Devices Dominate the Global Radial Compression Devices Market 

Based on product type, the radial compression devices market is segmented into band/strap based, knob based, and plate based. Among all products, band/strap based devices dominated the global radial compression devices market in 2018 and expected to grow at 11.9% CAGR over the forecast period owing to rise in R&D for the development of newer products, easy to use, and better availability of the products compared with other radial compression devices. Moreover, frequent launch of newer products by the market players also boost the market over the forecast years. For instance, in February 2019, Merit Medical Systems launched PreludeSYNC DISTAL Compression Device in the United States, European, Middle Eastern, African and Asia-Pacific markets       

North America Accounts for Major Revenue Share for Radial Compression Devices Market 

For More Information @ https://www.precisionbusinessinsights.com/market-reports/radial-compression-devices-market/ 

Precision Business Insights (PBI), radial compression devices market report analyses the market in different regions North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. According to regional analysis, North America dominated the global radial compression devices in 2018 and the market is growing at 13.1% CAGR over the forecast period owing to increase in the prevalence of cardiovascular diseases in USA and Canada and rise in the trans-radial procedures. For instance, according to a research study approximately 950,000 cases referred for percutaneous coronary intervention every year and approximately 30 - 40% of procedures performed by trans-radial approach. In addition, Asia Pacific radial compression devices market valued at US$ 73.4 Mn in 2018 and creates lucrative opportunities over the forecast years owing to launch of newer products and expansion of business by the market players into the Asia Pacific region.

Strategic Alliances, Product Approvals, and Launch of Newer Products in Radial Compression Devices Market 

  • In January 2017, Terumo acquired vascular closure business from Abbott and St. Jude Medical to strengthen its portfolio in cardiovascular segment

Key player’s profiles in the report are Merit Medical Systems, Perouse Medical, Terumo Corporation, Comed B.V., Medtronic plc, and Advanced Vascular Dynamics

Detailed Segmentation 

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


North America

  • USA
  • Canada


  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Russia
  • Poland
  • Rest of Europe


  • Japan
  • China
  • India
  • Australia & New Zealand
  • ASEAN (Includes Indonesia, Thailand, Vietnam, Philippines, Malaysia, and Others)
  • Rest of Asia-Pacific

Latin America

  • Brazil
  • Mexico
  • Argentina
  • Rest of Latin America

Middle East and Africa (MEA)

  • Gulf Cooperation Council (GCC) Countries
  • Israel
  • South Africa
  • Rest of MEA

About Us:
Precision Business Insights is one of the leading market research and management consulting firm, run by a group of seasoned and highly dynamic market research professionals with a strong zeal to offer high-quality insights.
Contact Us:
Shreya Paul
Senior Business Development Executive
Email @ shreya@precisionbusinessinsights.com
Call @ +1-866-598-1553
Precision Business Insights

Like it? Share it!


About the Author

Joined: September 17th, 2019
Articles Posted: 60

More by this author