The radial artery, one of the terminal branches of the forearm, is utilized for vascular access and in various non-invasive measurement method, providing crucial medical insights. Various sensor technologies have been developed, each suited to specific characterization requirements. The work presented in this paper is based on a Systematic Literature Review (SLR) of the main publications relating to this topic. Analysis of the forearm vascular system complex array of anatomical structures shows that the radial artery can be characterized by its size, position, elasticity, tissue evaluation, blood flow and blood composition. The survey of medical procedures for patient monitoring, diagnosis and pre-operative validation shows the use of measures for pulse wave, blood pressure, heart rate, skin temperature, tissue response,… By exploring sensor technologies used for artery characterization, we produce a synthesis of measurement principles, measured phenomena and measurement accuracy for capacitive, piezoresistive, bioimpedance, thermography, fiber optic based, piezoelectric and photoacoustic sensors. A comparative study is conducted for sensor technologies by considering the metrics of the information to be collected and the associated accuracy as well as the portability, the complexity of the processing, the cost and the mode of contact with the arm. Finally, a comprehensive framework is proposed to facilitate informed decisions in the development of medical devices tailored to specific characterization needs.