Radial Artery Compression Devices Market Share, Trends, Analysis and Forecasts 2020
Radial artery compression devices are used to compress the radial artery post intervention in cardiovascular surgeries. Adoption of interventional techniques through the radial artery is increasing widely across the globe due to the clinical advantages over femoral interventions. The radial intervention site is easy to access and artery compression is efficiently achieved as compared to the femoral artery intervention. This has fueled the adoption of radial artery-based interventions during past decade. The increasing prevalence of cardiovascular diseases and adoption of advanced technology for cardiology treatment are the key factors fueling the demand for radial artery compression devices market during the forecast period.
North America contributed the largest share to the global radial artery compression devices market in 2019 and is anticipated to be a dominating geography during the forecast period owing to increasing number of cardiovascular patients, rising adoption of minimal invasive surgical procedures, and presence of leading manufacturers of radial artery compression devices. Asia Pacific is anticipated to be the fastest growing market during the forecast period owing to increasing adoption of radial artery intervention techniques in the treatment of cardiovascular diseases and rising expanding healthcare infrastructure.
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The report titled “Radial Artery Compression Devices Market – Global Market Share, Trends, Analysis and Forecasts, 2020-2030” offers market estimates for a period 2018 to 2030, wherein 2018 is historic period, 2019 is the base year, and 2020 to 2030 is forecast period. Additionally, the study takes into consideration the competitive landscape, wherein the report would provide company overview and market outlook for leading players in the global radial artery compression devices market. Furthermore, the report would reflect the key developments, global & regional sales network, business strategies, research & development activities, employee strength, and key executive, for all the major players operating in the market. For instance, Merit Medical Systems reported revenues of USD 882.75 million in 2018 and the product segment analysis of the company indicates that Cardiovascular business segment of the company dominated revenue in 2018.
The global radial artery compression devices market is segmented based on product type, mechanism, size, end user, and geography. Based on product type, the global radial artery compression devices market is segmented into knob-based devices, and plate-based devices. Based on mechanism, the global radial artery compression devices market is segmented into pneumatic and mechanical devices. Based on size, the global artery compression devices market is segmented into standard devices and large devices. Based on end user, the global radial artery compression devices market is segmented into hospitals, ambulatory surgical centers, and others. Based on geography, the global radial artery compression devices market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
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The research provides in-depth analysis of prominent players holding majority share of the global market with a focus on all operating business segment, and would identify the segment of the company focusing on radial artery compression devices. Further, market share of prominent companies in the global radial artery compression devices market would also be estimated. For instance, Merit Medical Systems operates through two business segments namely Cardiovascular, and Endoscopy. The radial artery compression devices are delivered under Cardiovascular business segment of the company with revenue contribution of US$ 849.5 million in 2018.