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. 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.
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- 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.
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- 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.
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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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Transparency Market Research (TMR) has published a new report titled, ‘Osteoporosis Drugs Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2027’.
According to the report, the global Osteoporosis Drugs market was valued at US$ 11.5 Bn in 2018 and is projected to contract at a CAGR of 0.3% from 2019 to 2027.Request Brochure –https://www.transparencymarketresearch.com/sample/sample.php?flag=B_id=133OverviewOsteoporosis is a chronic and life-threatening disease, in which microstructure of bones is altered due to reduction in bone mass and bone density.
This condition leads to increased bone fragility and threat of bone cracks and fractures.
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So this rise in aging population also fuelling the growth of global market.Development of novel approaches for the treatment of osteoporosis by new drugs and increase in awareness among people for the early diagnosis & treatment are also some of the major factors for the growth of this market.Request Customization on Osteoporosis Drugs Market Report – https://www.transparencymarketresearch.com/sample/sample.php?flag=CR_id=133Bisphosphonates Segment to Dominate MarketBased on drug class, the global osteoporosis drugs market has been divided into Bisphosphonates, Calcitonin, RANK Ligand Inhibitors, Parathyroid Hormone Therapy (PTH), Selective Estrogen Receptor Modulators (SERMs), Sclerostin Inhibitor,and others.RANK ligand inhibitors dominated the market in2018 due to market exclusivity of branded drugs and its efficacy to treat osteoporosis.
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The competitive landscape features a low level of threat from the entry of new players.
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It is important to use digital technologies in order to restore the integrity of medical and operational activities.
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