Global Artery Compression Devices Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

By product Type;

Mechanical Compression Devices, Pneumatic Compression Devices, and Electrical Compression Devices.

By Indication;

Hospitals, Clinics and Ambulatory Surgical Centers.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn873954812 Published Date: May, 2024 Updated Date: June, 2024

Introduction

Global Artery Compression Devices Market (USD Million), 2020 - 2030

In the year 2023, the Global Artery Compression Devices Market was valued at USD xx.x million. The size of this market is expected to increase to USD xx.x million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of x.x%.

The global artery compression devices market has witnessed significant growth in recent years, driven by a surge in cardiovascular procedures and a growing emphasis on minimizing post-procedural complications. Artery compression devices are utilized to achieve hemostasis and prevent bleeding at the puncture site following procedures such as angiography, angioplasty, and cardiac catheterization. These devices offer advantages over traditional manual compression techniques, including reduced time to hemostasis, enhanced patient comfort, and lower rates of vascular complications.

One of the key drivers propelling the market is the rising prevalence of cardiovascular diseases worldwide. With the increasing incidence of conditions such as coronary artery disease and peripheral artery disease, there has been a parallel increase in the number of diagnostic and interventional procedures performed, thereby boosting the demand for artery compression devices. Additionally, technological advancements in these devices have led to the development of more efficient and user-friendly products, further fueling market growth.

The growing adoption of minimally invasive procedures is driving the demand for artery compression devices. Minimally invasive techniques offer several benefits, including shorter recovery times, reduced hospital stays, and lower rates of complications compared to traditional open surgeries. Artery compression devices play a crucial role in facilitating the success of these procedures by ensuring prompt and effective hemostasis, thereby contributing to better patient outcomes.

Increasing healthcare expenditure, especially in developing economies, is expected to drive market expansion. Governments and healthcare organizations are investing significantly in upgrading healthcare infrastructure and improving access to advanced medical technologies. This investment is likely to drive the adoption of artery compression devices, particularly in regions witnessing a rise in cardiovascular disease burden. Overall, with ongoing technological advancements and a growing focus on improving patient outcomes, the global artery compression devices market is poised for continued growth in the coming years.

  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 Type
    2. Market Snapshot, By Indication
    3. Market Snapshot, By Region
  4. Global Artery Compression Devices Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Aging population
        2. Rise in cardiovascular diseases
        3. Technological advancements in healthcare
        4. Increasing demand for minimally invasive procedures
      2. Restraints
        1. High cost of devices
        2. Lack of skilled professionals
        3. Stringent regulatory guidelines
        4. Limited reimbursement policies
      3. Opportunities
        1. Emerging economies market expansion
        2. Development of innovative artery devices
        3. Collaborations with healthcare organizations
        4. Growing awareness about artery diseases
    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 Artery Compression Devices Market, By Product Type, 2020 - 2030 (USD Million)
      1. Mechanical Compression Devices
      2. Pneumatic Compression Devices
      3. Electrical Compression Devices
    2. Global Artery Compression Devices Market, By Indication, 2020 - 2030 (USD Million)
      1. Hospitals
      2. Clinics
      3. Ambulatory Surgical Centers
    3. Global Artery Compression Devices Market, By Geography, 2020 - 2030 (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. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
      5. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
  6. Competitive Landscape
    1. Company Profiles
      1. Terumo Corporation
      2. Abbott Laboratories
      3. Merit Medical Systems, Inc
      4. Vascular Solutions, Inc
      5. Medtronic plc
      6. Boston Scientific Corporation
      7. Cook Medical
      8. Teleflex Incorporated
      9. Maquet
      10. SCITECH Medical
  7. Analyst View
  8. Future Outlook of the Market