According to FutureWise analysis the market for Radial Compression Devices in 2023 is US$ 0.26 billion, and is expected to reach US$ 0.5 billion by 2031 at a CAGR of 8.50%.
The radial compression devices are self-adhesive wrist bands. After invasive coronary procedures, a radial compression device is tied around the wrist in order to reduce the risk of radial artery occlusion. After angiography and angioplasty, the use of this device is mandatory to stop bleeding. To allow blood to return to the radial artery while preserving patency, this transparent structure allows for visual control and selective compression. We can adjust the size of this band according to the size of your wrist. As far as radial compression devices are concerned,disposable and reusable are types of Radial Compression Device usage. Numerous contact radial compression devices have been used after a transradial procedure in coronary angiography to compress the radial artery. Recently, the global market for radial compression devices has advanced significantly. Technologies that reduce the time it takes for hemostasis to develop, improve the process, and reduce the chance of radial artery occlusion (RAO) have greatly supported these advancements. Risks associated with accessing transracial arteries for cardiac catheterization have been significant concerns, which has driven the market's development of radial compression devices. Among radial compression devices, transradial bands have become popular because they preserve radial artery patency. Radial bands decrease hospital stay, which helps patients save on expensive hospital bills. Because of this, band-based products are quickly gaining popularity over traditional methods. It is this factor that is driving the adoption and revenue growth of the band-based segment in the global radial compression devices market. An increase in life expectancy leads to an aging population, which implies an increase in cardiovascular diseases. An increase in angiography and angioplasty procedures is expected to boost the growth of the global radial compression devices market during the forecast period.
FutureWise Market Research has instantiated a report that provides an intricate analysis of Radial Compression Devices Market trends that shall affect the overall market growth. Furthermore, it includes detailed information on the graph of profitability, SWOT analysis, market share and regional proliferation of this business. Moreover, the report offers insights on the current stature of prominent market players in the competitive landscape analysis of this market.
According to the research study conducted by FutureWise research analysts, the Radial Compression Devices Market is anticipated to attain substantial growth by the end of the forecast period. The report explains that this business is predicted to register a noteworthy growth rate over the forecast period. This report provides crucial information pertaining to the total valuation that is presently held by this industry and it also lists the segmentation of the market along with the growth opportunities present across this business vertical.