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The Global Radial Compression Devices Market is projected to reach at a CAGR of 8.4% through 2026 | FMI
Published by mark itwired
Posted on August 24, 2021
9 min readLast updated: January 21, 2026
Home > Research Reports > The Global Radial Compression Devices Market is projected to reach at a CAGR of 8.4% through 2026 | FMI
Some of the most intrinsic medical procedures in the world, such as percutaneous coronary intervention (PCI), will continue to be performed through non-surgical approach. With a view to avoid operational implications, medical practitioners from around the world are now opting for radial access to procedures such as PCI. In matured healthcare markets such as the UK, more than 75% of PCI cases are administered through radial access. Demand for radial compression devices in such regions has also increased, particularly due to a paralleled rise in occurrence of radial artery occlusion. Severe complications as such are successfully triggering the demand for procedures that use radial compression devices. Future Market Insights recently published its report on the global market for radial compression devices, which estimates the market to be currently valued at US$ 140 Mn.
According to the report titled “Radial Compression Devices Market: Global Industry Analysis and Opportunity Assessment, 2016-2026,” the global radial compression device market will expand at 8.3% and reach US$ 330 Mn by the end of 2026. Adoption of procedures that include the use of radial compression devices is on a rise these procedures help patients in saving their medical spending by assuring a shorter hospital stay. Another leg-up for sales of radial compression devices is their role in increasing life expectancy of patients. Radial compression devices as medical products will continue gaining traction through the forecast period. The demand for band or strap-based radial compression devices is anticipated to remain higher, procuring over 80% of global revenues through 2026. Correspondingly, sales of knob-based radial compression devices is also projected to grow rampantly, registering a 7.3% CAGR during the forecast period.
Request For Sample Copy @ https://www.futuremarketinsights.com/reports/sample/rep-gb-2401
Excerpts from the report have established that North America will remain as the largest market for radial compression devices in the years to come. With over 40% revenue share, North America dominates the global radial compression device market, and is also anticipated to register a value CAGR of 9.1%. Likewise, revenues from Western Europe are also expected to exhibit growth at 8.4% CAGR, bringing in more than US$ 70 Mn by 2026-end. Throughout the forecast period, the radial compression device market in Asia-Pacific excluding Japan (APEJ) is also projected to grow robustly, showcasing a value CAGR of above 8%.
The usability of radial compression devices is also a crucial factor that promotes their sales. More than 90% of the global radial compression device revenues will be accounted by global sales of disposable radial compression devices. A key advantage of using such devices in medical procedures is the effectiveness of radial compression in minimising the risks of any post-procedural complications. By reducing bleeding to a greater extent, and by lowering incidence of complication penetration, radial compression devices will keep garnering approval from leading healthcare personnel, institutions, authorities, as well as patients. In 2017 and beyond, hospitals and independent catheterisation labs located across the globe will collectively be recognised as the largest end-users of radial compression devices.
Key findings of the report also indicate the global radial compression devices market will be equally split into surgical intervention and diagnostic applications, with the latter one registering an uptick in its contribution to global market value. The report reveals that the demand for radial compression devices is also growing on the account of decreasing prices of coronary stents (used in cardiovascular treatments), and surging consolidation of the market through active participation of the world’s leading medical device manufacturers. Some of the key players in the global market for radial compression devices include Terumo Corporation, Merit Medical Inc., Comed BV, Beijing Demax Medical Technology Co. Ltd., Abbot Laboratories, Vascular Solution Inc., and Advanced Vascular Dynamics.
Download Report TOC @ https://www.futuremarketinsights.com/reports/radial-compression-device-market/table-of-content
Reasons to Buy the report
- We provide authentic and detailed an analysis on various market trends to enable businesses to make informed and beneficial decisions to attain competitive edge over key players.
- Our analysts provide detailed market segmentation along with meaningful insights and extensive reports that other companies fail to include.
- The report includes accurate analysis of the market and the current developing trends affecting the growth. FMI speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, industry experts. This ensures that the data collected is from highly reliable sources.
About FMI
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
Contact
Mr. Abhishek Budholiya
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Press Release: https://www.futuremarketinsights.com/press-release/radial-compression-device-market
Some of the most intrinsic medical procedures in the world, such as percutaneous coronary intervention (PCI), will continue to be performed through non-surgical approach. With a view to avoid operational implications, medical practitioners from around the world are now opting for radial access to procedures such as PCI. In matured healthcare markets such as the UK, more than 75% of PCI cases are administered through radial access. Demand for radial compression devices in such regions has also increased, particularly due to a paralleled rise in occurrence of radial artery occlusion. Severe complications as such are successfully triggering the demand for procedures that use radial compression devices. Future Market Insights recently published its report on the global market for radial compression devices, which estimates the market to be currently valued at US$ 140 Mn.
According to the report titled “Radial Compression Devices Market: Global Industry Analysis and Opportunity Assessment, 2016-2026,” the global radial compression device market will expand at 8.3% and reach US$ 330 Mn by the end of 2026. Adoption of procedures that include the use of radial compression devices is on a rise these procedures help patients in saving their medical spending by assuring a shorter hospital stay. Another leg-up for sales of radial compression devices is their role in increasing life expectancy of patients. Radial compression devices as medical products will continue gaining traction through the forecast period. The demand for band or strap-based radial compression devices is anticipated to remain higher, procuring over 80% of global revenues through 2026. Correspondingly, sales of knob-based radial compression devices is also projected to grow rampantly, registering a 7.3% CAGR during the forecast period.
Request For Sample Copy @ https://www.futuremarketinsights.com/reports/sample/rep-gb-2401
Excerpts from the report have established that North America will remain as the largest market for radial compression devices in the years to come. With over 40% revenue share, North America dominates the global radial compression device market, and is also anticipated to register a value CAGR of 9.1%. Likewise, revenues from Western Europe are also expected to exhibit growth at 8.4% CAGR, bringing in more than US$ 70 Mn by 2026-end. Throughout the forecast period, the radial compression device market in Asia-Pacific excluding Japan (APEJ) is also projected to grow robustly, showcasing a value CAGR of above 8%.
The usability of radial compression devices is also a crucial factor that promotes their sales. More than 90% of the global radial compression device revenues will be accounted by global sales of disposable radial compression devices. A key advantage of using such devices in medical procedures is the effectiveness of radial compression in minimising the risks of any post-procedural complications. By reducing bleeding to a greater extent, and by lowering incidence of complication penetration, radial compression devices will keep garnering approval from leading healthcare personnel, institutions, authorities, as well as patients. In 2017 and beyond, hospitals and independent catheterisation labs located across the globe will collectively be recognised as the largest end-users of radial compression devices.
Key findings of the report also indicate the global radial compression devices market will be equally split into surgical intervention and diagnostic applications, with the latter one registering an uptick in its contribution to global market value. The report reveals that the demand for radial compression devices is also growing on the account of decreasing prices of coronary stents (used in cardiovascular treatments), and surging consolidation of the market through active participation of the world’s leading medical device manufacturers. Some of the key players in the global market for radial compression devices include Terumo Corporation, Merit Medical Inc., Comed BV, Beijing Demax Medical Technology Co. Ltd., Abbot Laboratories, Vascular Solution Inc., and Advanced Vascular Dynamics.
Download Report TOC @ https://www.futuremarketinsights.com/reports/radial-compression-device-market/table-of-content
Reasons to Buy the report
- We provide authentic and detailed an analysis on various market trends to enable businesses to make informed and beneficial decisions to attain competitive edge over key players.
- Our analysts provide detailed market segmentation along with meaningful insights and extensive reports that other companies fail to include.
- The report includes accurate analysis of the market and the current developing trends affecting the growth. FMI speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, industry experts. This ensures that the data collected is from highly reliable sources.
About FMI
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
Contact
Mr. Abhishek Budholiya
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Press Release: https://www.futuremarketinsights.com/press-release/radial-compression-device-market
