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

By Product Type;

Band/ Strap Based and Plate Based

By Usage;

Disposable Device and Reusable Device

By Application;

Surgical Intervention and Diagnostics

By End User;

Hospitals, Independent Catheterization Centers, Ambulatory Surgical Centers, and Specialized Clinics

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn632163272 Published Date: June, 2025 Updated Date: July, 2025

Radial Compression Devices Market Overview

Radial Compression Devices Market (USD Million)

Radial Compression Devices Market was valued at USD 196.21 million in the year 2024. The size of this market is expected to increase to USD 354.10 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 8.8%.


Global Radial Compression Devices Market Growth, Share, Size, Trends and Forecast

*Market size in USD million

CAGR 8.8 %


Study Period2025 - 2031
Base Year2024
CAGR (%)8.8 %
Market Size (2024)USD 196.21 Million
Market Size (2031)USD 354.10 Million
Market ConcentrationMedium
Report Pages363
196.21
2024
354.10
2031

Major Players

  • Terumo Corporation
  • Abbott Laboratories
  • Vascular Solutions
  • Advanced Vascular Dynamics
  • Comed B.V
  • Merit Medical Systems
  • Beijing Demax Medical

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Global Radial Compression Devices Market

Fragmented - Highly competitive market without dominant players


The Radial Compression Devices Market is gaining traction as hospitals and healthcare centers increasingly adopt minimally invasive vascular procedures. Over 65% of interventional procedures now utilize radial access, driving consistent demand for compression solutions. These devices ensure efficient hemostasis, contributing to fewer complications and faster recovery. The rising preference for radial access is fueling significant growth opportunities and opening doors for innovation in hemostatic technologies.

Technological Advancements Enhancing Efficiency
Continuous technological advancements are playing a pivotal role in expanding the capabilities of radial compression devices. With over 55% of manufacturers integrating features such as adjustable pressure control and extended wear time, these innovations enhance patient safety and comfort. This evolution supports better procedural outcomes and aligns with emerging strategies focused on precision healthcare delivery and workflow optimization in interventional cardiology.

Strategic Collaborations Boosting Market Reach
The market is also witnessing a surge in collaborations and partnerships, with over 60% of leading medical device companies forming alliances to expand their product offerings. These joint efforts are not only accelerating product development but also improving access to newer technologies. Strategic mergers and licensing deals are increasingly being used to strengthen market presence and create growth pathways through diversified portfolios and distribution networks.

Opportunities Through Customization and Expansion
As procedural complexity varies, over 58% of device manufacturers are exploring customizable compression systems to address diverse clinical needs. This shift towards personalization is creating opportunities for product innovation and wider market expansion. The focus on future-ready technologies, supported by robust strategies and investments in R&D, is set to redefine the competitive landscape, reinforcing long-term growth potential across the radial access space.

  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 Usage
    3. Market Snapshot, By Application
    4. Market Snapshot, By End User
    5. Market Snapshot, By Region
  4. Radial Compression Devices Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Rising Adoption of Minimally Invasive Procedures
        2. Technological Advancements in Vascular Access Devices
        3. Growing Geriatric Population
        4. Demand for Faster Recovery and Shorter Hospital Stays
      2. Restraints
        1. Rising Adoption of Minimally Invasive Procedures
        2. Technological Advancements in Vascular Access Devices
        3. Growing Geriatric Population
        4. Demand for Faster Recovery and Shorter Hospital Stays
      3. Opportunities
        1. Development of Next-Generation Devices
        2. Training and Education Programs for Healthcare Professionals
        3. Integration with Cath Lab Technologies
        4. Focus on Patient Comfort and Satisfaction
    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. Radial Compression Devices Market, By Product Type, 2021 - 2031 (USD Million)
      1. Band/ Strap Based
      2. Plate Based
    2. Radial Compression Devices Market, By Usage, 2021 - 2031 (USD Million)
      1. Disposable Device
      2. Reusable Device
    3. Radial Compression Devices Market, By Application, 2021 - 2031 (USD Million)
      1. Surgical Intervention
      2. Diagnostics
    4. Radial Compression Devices Market, By End User, 2021 - 2031 (USD Million)
      1. Hospitals
      2. Independent Catheterization Centers
      3. Ambulatory Surgical Centers
      4. Specialized Clinics
    5. Radial 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. Abbott Laboratories
      3. Vascular Solutions
      4. Advanced Vascular Dynamics
      5. Comed B.V
      6. Merit Medical Systems
      7. Beijing Demax Medical
  7. Analyst Views
  8. Future Outlook of the Market