Transfemoral Compression Devices Market Research Report and Forecast Transfemoral Compression Devices Market | Page 2

catheterization labs across the world, as these provide increased comfort to
patients.
Studies have shown that these transfemoral devices have reduced the procedure
cost considerably when compared to the femoral compression devices in terms of
procedure and hemostasis time and cost of repeating catheterization.
Major drivers of the transfemoral compression devices market are increase in obese
population, rise in incidence of chronic diseases, growing awareness, increase in
health care expenditure, and technological advancement. The total cost of device,
stringent regulatory scenarios, and lack of skilled surgeons are the major restraints
of the market. Increased risk of infection during the procedure is likely to hamper
the growth of the transfemoral compression devices market during the forecast
period. According to the American Academy of Orthopedic Surgeons, the number of
arthroplasty surgeries to be conducted in the U.S. by 2030 will reach approximately
to 3 million. Therefore, considering the rise in number of procedures in the U.S.
alone, the incidence of orthopedic conditions globally shall also increase at a rapid
pace creating opportunities in the transfemoral compression devices market.
Geographically, the global transfemoral compression devices market has been
segmented into five key regions: North America, Latin America, Europe, Asia Pacific,
and Middle East & Africa. North America leads the global transfemoral compression
devices market largely because of increasing population, rising number of
neurological surgeries, and technological advancements. North America was closely
followed by Europe and Asia Pacific. Asia Pacific is an emerging market for
transfemoral compression devices because of increasing health care expenditure in
the region and rising demand.
Key players in the global trans-femoral compression devices market are Abbot
Laboratories, 3M Health Care, Paul Hartman AG, BSN medical, Merit Medical
Systems, Inc., Vascular Perspectives Ltd., Terumo Corporation, Vascular Solutions,
Inc., and TZ Medical, among others.
The report offers a comprehensive evaluation of the market. It does so via in-depth
qualitative insights, historical data, and verifiable projections about market size. The
projections featured in the report have been derived using proven research
methodologies and assumptions. By doing so, the research report serves as a
repository of analysis and information for every facet of the market, including but
not limited to: Regional markets, technology, types, and applications.
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