Global Radial Artery Compression Devices Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Product;

Band/Strap Based Devices, Knob-Based Devices, Plate-Based Devices, and Others.

By Usage;

Disposable Devices and Reusable Devices.

By End User;

Hospitals, Clinics, Ambulatory Centers, Cath Lab.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn151970415 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Radial Artery Compression Devices Market (USD Million), 2021 - 2031

In the year 2024, the Global Radial Artery Compression Devices Market was valued at USD 331.63 million. The size of this market is expected to increase to USD 560.85 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 7.8%.

The global radial artery compression devices market caters to the demand for medical devices used to facilitate hemostasis and prevent bleeding complications following transradial cardiac catheterization procedures. Transradial access has gained popularity in recent years due to its associated benefits, including reduced bleeding risk, improved patient comfort, and shorter recovery times compared to traditional femoral artery access. Radial artery compression devices are instrumental in achieving hemostasis by applying pressure to the radial artery puncture site, allowing for safe removal of the sheath used during catheterization.

Several factors drive the growth of the global radial artery compression devices market. One key driver is the increasing adoption of transradial access for coronary angiography and percutaneous coronary interventions (PCIs) worldwide. As physicians and healthcare facilities recognize the advantages of transradial procedures in terms of patient outcomes and procedural efficiency, the demand for radial artery compression devices continues to rise. Moreover, technological advancements in compression device design, such as the development of pneumatic compression systems and adjustable compression pads, enhance device performance, patient comfort, and procedural success rates, further fueling market growth.

However, the global radial artery compression devices market also faces challenges and constraints. One significant restraint is the learning curve associated with transradial access, as physicians require specialized training and proficiency to perform procedures safely and effectively. Additionally, variations in patient anatomy and vascular characteristics may impact the success of hemostasis and the choice of compression device. Furthermore, regulatory requirements and reimbursement policies governing the use of radial artery compression devices may differ across regions, affecting market access and adoption. Nevertheless, ongoing efforts to standardize transradial access protocols, improve physician training programs, and address regulatory hurdles offer opportunities for market expansion and advancement in radial artery compression device technology.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Product
    2. Market Snapshot, By Usage
    3. Market Snapshot, By End-User
    4. Market Snapshot, By Region
  4. Global Radial Artery Compression Devices Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increasing Adoption of Transradial Access
        2. Technological Advancements in Device Design
        3. Improved Patient Outcomes
      2. Restraints
        1. Learning Curve Associated with Transradial Access
        2. Variations in Patient Anatomy
        3. Regulatory and Reimbursement Challenges
      3. Opportunities
        1. Standardization of Transradial Access Protocols
        2. Physician Training Programs Enhancement
        3. Addressing Regulatory Hurdles
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Radial Artery Compression Devices Market, By Product, 2021 - 2031 (USD Million)
      1. Band/Strap Based Devices
      2. Knob-Based Devices
      3. Plate-Based Devices
      4. Others
    2. Global Radial Artery Compression Devices Market, By Usage, 2021 - 2031 (USD Million)
      1. Disposable Devices
      2. Reusable Devices
    3. Global Radial Artery Compression Devices Market, By End-User, 2021 - 2031 (USD Million)
      1. Hospitals, Clinics
      2. Ambulatory Centers
      3. Cath Lab
    4. Global Radial Artery Compression Devices Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Terumo Corporation
      2. Merit Medical Systems, Inc.
      3. Medtronic plc
      4. Abbott Laboratories
      5. Teleflex Incorporated
      6. Cardinal Health, Inc.
      7. Boston Scientific Corporation
      8. BD (Becton, Dickinson and Company)
      9. Advanced Vascular Dynamics
      10. Vascular Solutions, Inc.
  7. Analyst Views
  8. Future Outlook of the Market