Artery Compression Devices Market: Introduction
Hemostasis is a process that keeps the blood within the damaged blood vessel, which gradually stops bleeding. Artery compensation devices are commonly utilized to perform hemostasis. Presently, artery catheterization is an extensively utilized method of disease management.
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Radial arteries are highly preferred for catheterization, due to the comparative ease of use and less complications. Overall catheterization is frequently associated with severe complications such as excessive bleeding, hematoma, and vascular occlusion. Compression devices are extensively employed to control complications.
Artery compression devices consists of unilateral valve, tubing, compression balloons, and adjustable belt. In this device, the unilateral valve is used to control air flow by connecting it to compression balloons on one side and pneumatic system on the other side. Hemostasis is achieved with the help of pneumatic pressure, which is generated by compression balloons. The plastic belt is utilized to appropriately position the compression device over the target area.
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Key Drivers, Restrains, and Opportunities of Global Artery Compression Devices Market
Traditional hemostasis is attained by taping and physical compression, which is a time-consuming and labor-intensive procedure. Traditional devices may create severe complications. Currently, different types of users frequently utilize artery compression devices, as they are comparatively safer, offer high patient compliance, enable quick recovery, and are cost-effective. This, in turn, is estimated to increase in demand for these products and subsequently boost the market.
The geriatric population is more prone to chronic diseases, such as kidney diseases, arthritis, and cardiovascular diseases. Thus, increase in geriatric population with chronic disease is a key factor that is anticipated to fuel the market. Moreover, rising awareness regarding technological advanced products is fueling their adoption and consequently driving the market.
However, major risks associated with the trans-radial technique are likely to hamper the market during the forecast period. Moreover, government initiatives and key investments by market players in developing countries offer significant opportunities in the global market.
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North America to Capture Major Share of Global Artery Compression Devices Market
North America is anticipated to account for a major share of the global artery compression devices market during the forecast period. Presence of key market players and rapid rate of adoption of new technologies is likely fuel the market in the region.
The artery compression devices market in Asia Pacific is projected to expand at a rapid pace during the forecast period owing to an increase in the geriatric population. Furthermore, government initiatives to increase awareness through awareness programs that are intended toward prevention and treatment of cardiovascular disorders are estimated to fuel the market in the region.
Key Players Operating in Global Artery Compression Devices Market
The global artery compression devices market is fragmented with the presence of international as well as local players. A large number of manufacturers hold major share in their respective regions. Investment in research and development to develop innovative products by leading players are likely to drive the global market.
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Major players operating in the global artery compression devices market are listed below:
- Teleflex Incorporated
- Terumo Europe NV
- Merit Medical Systems
- BenQ Materials Corporation
- Semler Technologies, Inc.
- Vascular Perspectives Ltd
- Comed B.V
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