Radial Compression Devices Market: Global Industry
Analysis and Opportunity Assessment, 2016–2026
April 2017
Report Id : REP-GB-2401
Status : Apr -2017
Category : Healthcare, Pharmaceuticals & Medical Devices
©2015 Future Market Insights, All Rights Reserved
About
Future Market Insights
Future Market Insights (FMI) is a premier provider of syndicated research reports, custom
research reports, and consulting services. We deliver a complete packaged solution, which
combines current market intelligence, statistical anecdotes, technology inputs, valuable growth
insights, aerial view of the competitive framework, and future market trends.
We provide research services at a global as well as regional level; key regions include GCC,
ASEAN, and BRIC.
Our offerings cover a broad spectrum of industries including Chemicals, Materials, Energy,
Technology, Healthcare, and Retail.
We have a global presence with delivery centers across India specializing in providing global
research reports and country research reports. FMI is headquartered out of London, U.K., with a
state-of-the-art delivery center located in Pune, India. We combine our knowledge and learning
from every corner of the world to distill it to one thing – the perfect solution for our client.
Research Capabilities




Customized
Research
Syndicated
Research
Investment
Research
Social Media
Research
Customized Research
Syndicated Research
Investment Research
Social Media Research
Sector Coverage




Automotive and Transportation
Electronics, Semiconductor, and ICT
Retail and Consumer Products
Industrial Automation and Equipment




Chemicals & Materials
Food and Beverages
Services and Utilities
Energy, Mining, Oil, and Gas
Subscription Information
For detailed subscription information please contact
Hari. T (Sr. Manager - Global Business Development)
T: +44 (0) 20 7692 8790 | D: +44 20 3287 4268
Email: [email protected]
©2015 Future Market Insights, All Rights Reserved
2
Research Methodology (1/2)
Systematic Research Approach
1
Market profiling
2
Formulating discussion guide
3
Developing list of respondents
4
In-depth secondary research is used to
ascertain overall market size, top
industry players, top products, industry
associations, etc.
PMR formulates a detailed discussion
guide to conduct expert and industry
interviews
PMR develops a list of industry players
(manufacturers), distributors, retailers
and industry experts
Data collection
PMR conducts interviews with industry
experts, industry players, distributors
and retailers
Data validation
Data is validated by triangulation
method, wherein secondary, primary
and PMR analysis contribute to the final
data
5
6
Data analysis
Insights
7
Data is scrutinized using MS-Excel to
obtain qualitative and quantitative
insights about the industry
PMR delivers industry insights and
information in the required format
(PDF)
Data
Collection




Research &
Intelligence
Data Filter
& Analysis
Identifying key opinion leaders
Questionnaire design
In-depth interviews
Coverage across value chain
Actionable
Insights
A
Primary
Research






B
SOLUTION





Market participants
Key strengths
Product portfolio
Mapping as per value chain
Key focus segments
Primary Research #




Linkedin
Zoominfo
Salesforce
Avention
Business
Solution
Desk
Research
C
Key industry experts
Channel study
Developments
Market dynamics
Products
Conclusions
Company
Analysis
Secondary Research #




Company websites
Company annual
reports
White papers
Financial reports
Paid Publications#




Factiva
GBI
Genios
Meltwater
# includes sources of databases
©2015 Future Market Insights, All Rights Reserved
3
Radial Compression Devices Market
Approval to Radially-Accessible Medical Procedures Driving the Sales of Radial Compression Devices
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.
©2015 Future Market Insights, All Rights Reserved
4
Radial Compression Devices Market
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.
©2015 Future Market Insights, All Rights Reserved
5
Radial Compression Devices Market
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.
Send An Enquiry: http://www.futuremarketinsights.com/askus/rep-gb-2401
Click here to
Order a free sample
©2015 Future Market Insights, All Rights Reserved
6
Table of Content
1. Executive Summary
2. Market Introduction
2.1. Market Definition
2.2. Market Taxonomy
3. Global Radial Compression Device Market Analysis Scenario
3.1. Market Value and Volume Analysis
3.2. Pricing Analysis
3.2.1. Price Projections Per Region
4. Market Dynamics
4.1. Macro-economic Factors
4.2. Drivers
4.2.1. Supply Side
4.2.2. Demand Side
©2015 Future Market Insights, All Rights Reserved
7
Table of Content
4.3. Restraints
4.4. Opportunity
4.5. Global Trends
5. Global Radial Compression Device Market Analysis and Forecasts, By Product
5.1. Introduction
5.2. Basis Point Share (BPS) Analysis By Product Type
5.3. Y-o-Y Growth Projections By Product Type
5.4. Market Value and Volume Forecast By Product, 2016–2026
5.4.1. Band/Strap Based Radial Compression Devices
5.4.2. Knob Based Radial Compression Devices
5.4.3. Plate Based Radial Compression Devices
5.5. Market Attractiveness By Product
6. Global Radial Compression Device Market Analysis and Forecasts, By Usage
6.1. Introduction
6.2. Basis Point Share (BPS) Analysis By Usage
6.3. Y-o-Y Growth Projections By Usage
©2015 Future Market Insights, All Rights Reserved
8
Table of Content
7. Global Radial Compression Device Market Analysis and Forecasts, By Application
7.1. Introduction
7.2. Basis Point Share (BPS) Analysis By Application
7.3. Y-o-Y Growth Projections By Application
7.4. Market Value Forecast By Application, 2016–2026
7.4.1. Diagnostic
7.4.2. Surgical Intervention
7.5. Market Attractiveness By Application
8. Global Radial Compression Device Market Analysis and Forecasts, By End User
8.1. Introduction
8.2. Basis Point Share (BPS) Analysis By End User
8.3. Y-o-Y Growth Projections By End User
8.4. Market Value Forecast By End User, 2016–2026
8.4.1. Hospitals
8.4.2. Independent Catheterization Labs
8.4.3. Ambulatory Surgery Centers
©2015 Future Market Insights, All Rights Reserved
9
Table of Content
9. Global Radial Compression Device Market Analysis and Forecasts, By Region
9.1. Basis Point Share (BPS) Analysis By Region
9.2. Y-o-Y Growth Projections By Region
9.3. Market Value Forecast By Region
9.3.1. North America
9.3.2. Latin America
9.3.3. Western Europe
9.3.4. Eastern Europe
9.3.5. APEJ
9.3.6. Japan
9.3.7. MEA
Click here to
Order a free sample
9.4. Market Attractiveness By Region
©2015 Future Market Insights, All Rights Reserved
10
To know more about us, please visit our website:
www.futuremarketinsights.com
For sales queries or new topics email us on:
[email protected]
For media queries, contact the press office at
[email protected]
For other queries contact:
Hari. T (Sr. Manager - Global Business Development)
Future Market Insights: 3rd Floor,
207 Regent Street, London W1B 3HH
T: +44 20 7692 8790 | D: +44 20 3287 4268
Email: [email protected]
Thank You
Future Market Insights Global & Consulting Private Limited (FMI)
©2015 Future Market Insights, All Rights Reserved
11