Transradial Access Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The market is segmented by Product, Application (Drug Administration, Fluid And Nutrition Administration, Blood Transfusion, Diagnostics & Testing), End User, and Geography.

Market Snapshot

molecular diagnostics market
Study Period: 2018 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 7.5 %

Need a report that reflects how COVID-19 has impacted this market and its growth?

Market Overview

The Transradial Access Devices Market is growing because of increasing preference for interventional procedures using radial artery access, the growing prevalence of cardiovascular diseases and increasing use of radial access devices in pediatric patients.

There are various applications of transradial access procedure. It is used in the diagnosis of coronary artery diseases including diagnostic angiography, angioplasty, and percutaneous stenting. When a person suffers from chest pain, this procedure can determine the blockage in heart arteries. Furthermore, it also helps healthcare providers to determine a treatment plan. This test is called coronary angiography. If a patient has a known blockage in a coronary artery, cardiac catheterization can be administered using a technique called coronary angioplasty. A balloon is attached to the tip of the catheter. When the balloon is in place, it is inflated and presses the plaque to the side of the blood vessel, increasing blood flow through the artery.

It was found that transradial access reduces the risk of bleeding by over 70 percent even among high-risk group. All the various applications and advantages of the transradial access procedures are believed to fuel the growth of the market.

Scope of the Report

As per the scope of the report, Transradial access is required for a catherization procedure performed for the diagnosis and treatment of arterial diseases such as peripheral artery disease and coronary artery disease, among others.

By Product
Catheters
Guidewires
Sheaths and Sheath Introducers
Accessories
By Application
Drug Administration
Fluid and Nutrition Administration
Blood Transfusion
Diagnostics and Testing
By End User
Hospitals
Clinics and Ambulatory Care Centers
Others
Geography
North America
US
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
Rest of Europe
Asia Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle East and Africa
GCC
South Africa
Rest of Middle East and Africa
South America
Brazil
Argentina
Rest of South America

Report scope can be customized per your requirements. Click here.

Key Market Trends

Drug Administration is Expected to be the Fastest Growing Sub-Segment in the Application

The drug administration segment of the transradial access market is believed to grow faster during the forecast period. This is majorly due to the growing usage of vascular access devices over other devices especially for the treatment of infectious diseases and some of the life-threatening diseases such as Cancer. In addition, The rising prevalence of chronic diseases across the globe is another factor augmenting the growth of this segment.

Transradial Access-1

North America Dominates the Market and is Expected to Follow the Same Trend for Few More Years

The North American market is likely to grow with the highest growth rate, owing to factors such as the growing prevalence of CVDs, a rising number of conferences and workshops, the large number of cancer patients, and increase in research and clinical trials for vascular access devices. APAC is also expected to show a substantial increase in CAGR since there is a huge population suffering from cardiovascular diseases.

Transradial Access-2

Competitive Landscape

The transradial access market is competitive and is inclusive of the big players along with some of the local players in the market. Some of the key players of the market include Becton, Dickinson and Company, Boston Scientific Corporation, Edward Lifesciences Corporation, Medtronic plc, and Terumo Corporation.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Increasing Preference for Interventional Procedures Using Radial Artery Access

      2. 4.2.2 Growing Prevalence of Cardiovascular Diseases Due to Lifestyle Related Diseases

      3. 4.2.3 Growing Use of Radial Access Devices in Pediatric Patients

    3. 4.3 Market Restraints

      1. 4.3.1 High Costs Involved in the Placement and Maintenance of Vascular Access Devices

      2. 4.3.2 Lack of Trained Professionals

    4. 4.4 Porter's Five Force Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Product

      1. 5.1.1 Catheters

      2. 5.1.2 Guidewires

      3. 5.1.3 Sheaths and Sheath Introducers

      4. 5.1.4 Accessories

    2. 5.2 By Application

      1. 5.2.1 Drug Administration

      2. 5.2.2 Fluid and Nutrition Administration

      3. 5.2.3 Blood Transfusion

      4. 5.2.4 Diagnostics and Testing

    3. 5.3 By End User

      1. 5.3.1 Hospitals

      2. 5.3.2 Clinics and Ambulatory Care Centers

      3. 5.3.3 Others

    4. 5.4 Geography

      1. 5.4.1 North America

        1. 5.4.1.1 US

        2. 5.4.1.2 Canada

        3. 5.4.1.3 Mexico

      2. 5.4.2 Europe

        1. 5.4.2.1 Germany

        2. 5.4.2.2 UK

        3. 5.4.2.3 France

        4. 5.4.2.4 Italy

        5. 5.4.2.5 Spain

        6. 5.4.2.6 Rest of Europe

      3. 5.4.3 Asia Pacific

        1. 5.4.3.1 China

        2. 5.4.3.2 Japan

        3. 5.4.3.3 India

        4. 5.4.3.4 Australia

        5. 5.4.3.5 South Korea

        6. 5.4.3.6 Rest of Asia-Pacific

      4. 5.4.4 Middle East and Africa

        1. 5.4.4.1 GCC

        2. 5.4.4.2 South Africa

        3. 5.4.4.3 Rest of Middle East and Africa

      5. 5.4.5 South America

        1. 5.4.5.1 Brazil

        2. 5.4.5.2 Argentina

        3. 5.4.5.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Ameco Medical

      2. 6.1.2 Angiodynamics, Inc.

      3. 6.1.3 Becton, Dickinson and Company

      4. 6.1.4 Boston Scientific Corporation

      5. 6.1.5 Edward Lifesciences Corporation

      6. 6.1.6 Medtronic plc

      7. 6.1.7 Merit Medical Systems

      8. 6.1.8 Nipro Medical Corporation

      9. 6.1.9 Oscor Inc

      10. 6.1.10 Smiths Medical

      11. 6.1.11 Teleflex Incorporated

      12. 6.1.12 Terumo Corporation

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies, and Recent Developments

You can also purchase parts of this report. Do you want to check out a section wise price list?

Frequently Asked Questions

The Transradial Access Market market is studied from 2018 - 2026.

The Transradial Access Market is growing at a CAGR of 7.5% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

Becton, Dickinson and Company, Boston Scientific Corporation, Edward Lifesciences Corporation, Medtronic plc, Terumo Corporation are the major companies operating in Transradial Access Market.

80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Please enter a valid email id!

Please enter a valid message!