Radial Compression Devices Market Analysis Will Expand at a CAGR of 8.4% from 2016-2026
Verfasser: pradnya_86 on Monday, 17 April 2017The largest segment amongst the product type – the band based product segment is expected to dominate the global radial compression devices market
It is a transparent band to assist hemostasis of the radial artery after a transradial procedure. This transparent structure is designed for visual control and selective compression of the radial artery to allow blood return and preserve patency. This type of band is easily adjusted to any of the wrist sizes. The band based segment is the largest segment by product type, which is expected to be valued at more than US$ 260 Mn, or a little over 80% of the global market share, expanding at a CAGR of 8.4% over the forecast period. The band/strap based segment is expected to create absolute $ opportunity of more than US$ 5 Mn in 2017 over 2016. The segment, in terms of revenue, is anticipated to dominate the global radial compression devices market with an attractiveness index of 2.4 over the forecast period.
Reduced stay in hospitals and lower cost of surgery will boost the growth of the band based segment