Radial Compression Device Market

Radial Compression Devices Market: Plate Based Segment Expected to Remain the Least Attractive Segment Throughout the Forecast Period: Global Industry Analysis and Opportunity Assessment 2016-2026

  • 2017-03-06
  • REP-GB-2401
  • 201 pages
  • PDF PPT EXCEL
 Radial Compression Device Market

An Incisive, In-depth Analysis on the Radial Compression Device Market

This study offers a comprehensive, 360 degree analysis on the Radial Compression Device market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Radial Compression Device market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.

The largest segment amongst the product type – the band based product segment is expected to dominate the global radial compression devices market

It is a transparent band to assist hemostasis of the radial artery after a transradial procedure. This transparent structure is designed for visual control and selective compression of the radial artery to allow blood return and preserve patency. This type of band is easily adjusted to any of the wrist sizes. The band based segment is the largest segment by product type, which is expected to be valued at more than US$ 260 Mn, or a little over 80% of the global market share, expanding at a CAGR of 8.4% over the forecast period. The band/strap based segment is expected to create absolute $ opportunity of more than US$ 5 Mn in 2017 over 2016. The segment, in terms of revenue, is anticipated to dominate the global radial compression devices market with an attractiveness index of 2.4 over the forecast period. 

Reduced stay in hospitals and lower cost of surgery will boost the growth of the band based segment

Use of radial bands reduces hospital stay and thus helps patients save on hefty hospital bills. This is the precise reason that the adoption of band based products is fast gaining popularity over other traditional approaches. This particular factor is boosting the adoption and revenue growth of the band based segment in the global radial compression devices market. An increase in life expectancy leads to a rise in the global ageing population, which implies an increase in the number of patients with cardiovascular diseases. The rise in cardiovascular diseases due to increased life expectancy is expected to propel the development of the band based segment during the projected period. Radial access such as band based products provides faster mobility to patients as the incision is smaller and the chances of infection at the site is much lower in radial access as compared to transfemoral access. These factors are likely to fuel revenue growth of the band based segment over the forecast period. Market players also focussing on providing more improved radial compression devices. Due to the greater reduction in bleeding and low incidence of complications, the penetration of radial compression products such as bands has increased remarkably after 2011. This is anticipated to create a robust development in the band based product type segment. Higher band based devices adoption in matured markets is expected to continue in the same momentum, given the largely associated benefits.

global radial compression devices market

APEJ anticipated to grab major market value share of the band based product segment during the projected period

Band/Strap based product segment dominated the North America radial compression devices market in terms of revenue in 2015, and the trend is projected to continue throughout the forecast period; similarly in Latin America, the growth trend of the band/strap based product type segment is projected to continue throughout the forecast period to reach a value share of more than 80% by the end of 2026. The major value share of the band based segment in the global radial compression devices market is likely to be grabbed by the APEJ regional market where the segment is predicted to reach a value share of more than 85% by the end of 2026. The band based segment is likely to dominate the radial compression devices market in Japan in revenue terms with an attractiveness index of 2.4 over the forecast period.

Radial compression devices are compulsorily used after every angiography and angioplasty procedure. Our analysts have observed that there is an increase in the radial approach for percutaneous coronary intervention procedures, which is responsible for increasing the demand for radial compression devices. Future Market Insights has recently published a new report titled “Radial Compression Devices Market: Global Industry Analysis and Opportunity Assessment 2016–2026,” where we have found that medical devices manufacturers are increasingly focussing on emerging economies in the Asia Pacific such as India and China to attain economies of scale in production. We have also noticed that companies are focussing on enhancing their product portfolio through mergers and acquisitions to boost their market share and subsequently revenue. Our report conducts a 10 year forecast of target countries and according to our analysts, North America represents the most lucrative market, followed by Western Europe and APEJ. The radial compression devices market in Latin America and the Middle East & Africa is likely to witness lower growth due to lack of proper health care infrastructure.

The primary objective of this report is to offer updates and information related to market opportunities in the global radial compression devices market. After a comprehensive study of the market, our expert analysts have come to a conclusion that the key segments covered in this report find more application in diagnosis rather than surgical intervention and radial compression devices are used mostly in catheterisation laboratories.

A 3600 view of key market dynamics makes our report a unique one

This exclusive report on the global radial compression devices market begins with a succinct executive summary where report audiences get a clear picture of the market overview and Future Market Insights’ unique overall market approach. This is followed by the market introduction which includes definition and taxonomy of the global radial compression devices market. We have taken a 3600 view of key market dynamics which consists of microeconomic factors, supply side and demand side drivers, restraints, opportunities, and global trends which are influencing the growth of the global radial compression devices market. Impact analysis of key growth drivers and restraints based on the weighted average model has been included at a regional level in the global radial compression devices market report after a detailed analysis of individual regions to better equip readers with meaningful insights on ongoing developments in the global radial compression devices market.  The report highlights radial compression devices market by region and also discusses key regional trends contributing to the revenue growth of the global radial compression devices market. The report on the global radial compression devices market also consists of detailed profiles of radial compression devices manufacturers to evaluate their long- and short-term strategies, key offerings, SWOT analysis, and recent developments in the global radial compression devices market.

The segments covered in our report are as under

By Product Type

By Usage

By Application

By Region

By End User

  • Band/ Strap Based

  • Knob Based

  • Plate Based

  • Disposable Devices

  • Reusable Devices

  • Diagnostic

  • Surgical Intervention

  • North America

  • Latin America

  • Western Europe

  • Eastern Europe

  • APEJ

  • Japan

  • MEA

  • Hospitals

  • Independent Catheterisation Laboratories

  • Ambulatory Surgical Centres

  • Specialised Clinics

Our tested and proven research methodology

To ascertain the global radial compression devices market size, we have considered revenue generated by companies operating in the global radial compression devices market. The forecast presented here assesses the total revenue by value across the global radial compression devices market. In order to offer an accurate forecast, we have started by sizing up the current market, which forms the basis of how the global radial compression devices market is forecast to develop in the future. Given the characteristics of the market, we have triangulated the outcome of three different types of analysis based on the supply side, downstream industry demand, and the economic envelope.

In addition, it is imperative to note that in an ever-fluctuating global economy, we not only conduct forecasts in terms of CAGR, but also analyse the market based on key parameters such as year-on-year (Y-o-Y) growth rates to understand the predictability of the market and to identify the right opportunities across the global radial compression devices market. To understand key growth segments in terms of growth and adoption of radial compression devices globally, Future Market Insights has developed a unique market attractiveness index. The resulting index is aimed at helping providers identify real market opportunities in the global radial compression devices market.

Radial Compression Device Market Reports - Table of Contents

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Harish Tiwari

Harish Tiwari

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Pranay Mhaisekar

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