The market elements of Radial Artery Compression Devices, urgent in the field of interventional cardiology, mirror a developing pattern towards radial artery access for coronary methodology. This shift from usual femoral artery access has been energized by benefits like reduced emptying complexities and improved patient comfort.
The rising frequency of cardiovascular sicknesses has prompted a flood in interventional cardiology methods universally. Radial artery access is acquiring popularity because of its related advantages, driving the interest for compression devices planned explicitly for the radial artery.
Radial artery access offers a few benefits, including lower draining rates, diminished vascular confusions, and more limited medical clinic stays. The market elements are impacted by the acknowledgment of these advantages, pushing medical services experts to embrace radial access as the favored technique for different cardiovascular intercessions.
Radial artery access lines up with the developing accentuation on quiet focused care. Patients favor the radial methodology because of diminished post-procedural inconvenience, empowering speedier ambulation and quicker recuperation. This patient-driven approach shapes market elements as medical care suppliers focus on devices that upgrade the general patient experience.
Awareness assignments and preparing programs for medical services experts add to the market's growth by advancing the advantages of radial artery access and legitimate utilization of compression devices. As awareness rises, reception rates rise, influencing the interest for radial artery compression devices emphatically.
Despite the positive patterns, challenges as far as doctor preparing and starting arrangement costs prevent the far and wide reception of radial artery access. Conquering these difficulties is fundamental for supported market growth.
The market for radial artery compression devices is ready for proceeded with growth, energized by the rising inclination for radial access, mechanical developments, and a worldwide shift towards patient-focused medical care. As medical care suppliers focus on more secure and more agreeable mediations, the market elements of radial artery compression devices are supposed to develop further before long.
The radial artery compression devices market is expected to reach USD 362.98 Million by 2030 at 7.40% CAGR during the forecast period 2022-2030
The radial artery compression device is one of the major segment of the artery compression device market. 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 geriatric devices, increasing cardiovascular disorders, and others.
Cardiovascular disorders are heart conditions that include diseased vessels, structural problems, and blood clots. Radial artery compression devices are used to assist hemostasis of the radial artery after a transradial procedure. Transradial cardiac catheterization is a technique used for the treatment and diagnosis of certain heart conditions.
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. Additionally, according to the European Heart Network, in 2015, there was 85 million population living with cardiovascular disorders in Europe. 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. Thus, the increasing occurrences of obesity are likely to fuel the cardiovascular patient pool indirectly, thus spurring the demand for the market.
Segmentation
The 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, others
On the basis of usage, the market is segmented into disposable devices, reusable devices
Based on end user, the radial artery compression devices market is segmented into hospitals, clinics, ambulatory centers, cath lab, and others.
The radial artery compression devices market, by region, has been segmented, into the Americas, Europe, Asia-Pacific, and the Middle East & Africa. The radial artery compression devices market in the Americas has further been segmented into North America and South America, with the North American market divided into the US and Canada.
The European radial artery compression devices market has been segmented into Western Europe and Eastern Europe. Western Europe has further been classified as Germany, France, the UK, Italy, Spain, and the rest of Western Europe.
The radial artery compression devices market in Asia-Pacific has been segmented into Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific. The Radial Artery Compression Devices market in the Middle East & Africa has been segmented into the Middle East and Africa.
Key Players
Regional Market Summary
Radial Artery Compression Devices Market Share (%), by Region, 2018 Â
Source: Annual Reports and Sec filings
Geographically, the Americas is anticipated to dominate the radial artery compression devices market owing to the presence of a huge cardiovascular disorders patient population, increasing adoption of advanced technology in the field of medical device, high healthcare expenditure, and the presence of major players in the region.
Europe is expected to hold the second largest position in the radial artery compression devices market.
Asia-Pacific is the fastest growing radial artery compression devices market owing to the increasing geriatric population, the presence of a huge patient pool and rapidly improving the technology.
The Middle East and Africa market for radial artery compression devices is expected to grow at a steady pace.
Market of Radial Artery Compression Devices, by Product
Market of Radial Artery Compression Devices, by Usage
Market of Radial Artery Compression Devices, by End User
Market of Radial Artery Compression Devices, by Region
Intended Audience
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