Transradial Access Market 2018 will Reach $839.41 Mn by 2025

Top Trends

The increasing collaborations of industry players with medical device reprocessing players, increasing focus on the development of robotic-assisted catheter system, and the growing focus of market players on emerging economies are the key trends observed in the transradial access industry. In addition, the practice of acquisition of other companies is also a prominent trend being observed in the transradial access market.

Market Synopsis:

Global transradial access market is expected to reach USD 839.41 Million by 2025 USD 2,061.79 Million by 2025 from USD 1,105.79 Million in 2017, at a CAGR of 8.2% in the forecast period 2018 to 2025. The new market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.

The cost-benefit associated with transradial artery access, increasing preference of radial artery access for interventional procedures, increasing prevalence of chronic diseases, increasing number of chemotherapy procedures, growing use of radial access devices in geriatric as well as high risk patients, and rising healthcare expenditure are the key factors driving the growth of the transradial access market.

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Top Players:
Cardinal Health dominated the core materials market accounting largest market share followed by Angiodynamics Inc., Terumo Corporation and BD along with other players such as
• Stryker
• Teleflex Incorporated
• Smiths Group plc
• MEDTRONIC
• Boston Scientific Corporation
• Edwards Lifesciences Corporation
• Merit Medical Systems Inc.
• NIPRO CORPORATION
• Amecath
• OSCOR Inc.
• Penumbra

KEY BENEFITS
• An in-depth analysis of various regions would provide a clear understanding of current and future trends so that companies can make region specific plans
• Comprehensive analysis of the factors that drive and restrict the growth of the Transradial Access market is provided
• Key regulatory guidelines in various regions which impact the small Transradial Access market are critically examined
• Deep dive analysis of various regions provides insights that would enable companies to plan their business moves strategically
• Value chain analysis in the report gives a clear understanding of the roles of the stakeholders involved in the supply chain of the Transradial Access market

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Market Segments:
• Based on product the market is segmented into six notable segments; sheaths and sheath introducers, mircrocatheters, guidewires, guiding catheters, intermediate catheters and accessories. In 2018, sheaths and sheath introducers market is likely to dominate market with 29.5% shares and is estimated to reach USD 643.9 million by 2025. It is growing at the highest CAGR of 9.1% in the forecast period.
• On the basis of application the market is segmented into three notable segments; neurovascular, cardiology, and peripheral vascular In 2018, cardiology market will dominate with 46.6% shares and will consume around USD 999.66 million by 2025. It is growing at the highest CAGR of 8.8% in the assessment period.
• On the basis of usage the market is segmented into four notable segments; drug administration, fluid and nutrition administration, diagnostics and testing and blood transfusion. In 2018, the drug administration market is estimated to dominate market with 35.8% shares and will collect around USD 781.67 million by 2025, rising with the highest CAGR of 9.1%.
• On the basis of end user, the market is segmented into four notable segments; hospital, clinics, ambulatory care centers and others. In 2018, hospitals market is expected to dominate market with 41.5% shares and is estimated to reach USD 893.28 million by 2025, growing at the highest CAGR of 8.9%.
Based on geography, the market is segmented into11 geographical region:
• North America
• Europe
• Asia-Pacific
• South America
• Middle East and Africa

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This release was published on openPR.