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Comprehensive Study on Transradial Access Market 2018 Global Analysis by Top Key Manufactures - Hospimedics S.A., Terumo Medical Corporation, Teleflex Incorporated, Smiths Group plc, Medtronic, Boston Scientific, Edwards Lifesciences, Merit Medical System

10-02-2018 01:05 PM CET | Health & Medicine

Press release from: Research for Markets

Transradial Access

Transradial Access

Transradial Access Market research report includes various topics like total industry size, key drivers, challenges, growth opportunities, share, growth, demand, outlook etc. Furthermore it covers key market updates, the impact of regulations and technological updates in. The report addresses the need to stay updated in this competitive industry conditions and this provides and comprehensive data for making strategies and decision so as to stimulate the market growth and profitability.

Transradial access procedure is extensively used in obese patients as it aids to identify and control procedural hemorrhage. A recent study shows that transradial access has effectively reduced vascular problems in patients who were overweight. Also, transradial access offers less morbidity and bleeding complications associated to transfemoral access in percutaneous coronary interventions for obese people. Therefore, the augmented cases of obese patients are choosing transradial access process for treatment, eventually spurring the market demand.

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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.

Some of the major players operating in this market are BD, Terumo Corporation, Teleflex Incorporated, Smiths Group plc, MEDTRONIC, Boston Scientific Corporation, Edwards Lifesciences Corporation, Merit Medical Systems Inc., NIPRO CORPORATION, ANGIODYNAMICS INC., Amecath, OSCOR Inc., Penumbra, Stryker and CARDINAL HEALTH among others.

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 and is estimated to with the highest CAGR 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 the market with the highest CAGR 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 the market and is estimated to with the highest CAGR in the forecast period.

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 the market and is estimated to grow with the highest CAGR.

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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Scope of Reports:
Obesity is the rising concern worldwide. The prevalence of obesity among children and adolescents aged 5-19 were valued to be raised by 18.0% in 2016 from previous year. The basic cause of obesity is an energy disparity among calories consumed and calories expended. Also, the surge of physical dormancy and consumption of energy-dense foods that are high in fat are major causes that leads to obesity. Moreover, obesity is also a risk factor for high cholesterol which leads to numerous heart problems. Following are some related stats of obesity:
• According to American Heart Association (AHA), in the U.S. more than one-third (approximately 35.0%) of adults are obese (over 78 million adults).
• According to Heart Foundation, in 2011, the prevalence of high cholesterol increases in the age of 55 to 64 years, and half of the population among them have high total cholesterol level.
• According to the National Health and Nutrition Examination Survey (NHANES), the study reports that, in 2013-2014 more than 1 in 3 adults were considered to be obese. In which about 1 in 6 children and adolescents ages 2 to 19 were considered to have obesity.

The major factors driving the growth of this market are increasing cases of obese patient, rising number of heart problems, growing use of radial access in oncology field and technological advancements. On the other hand product recalls and failures may hinder the growth of the market are the factors which will boost the global transradial access market.

GROWING USE OF RADIAL ACCESS IN ONCOLOGY FIELD:
Transradial access (TRA) is vastly used in coronary procedures owing to its low rate of complications. This access is used in numerous peripheral subsets. Its benefits are growing in numerous sectors counting oncology. Transradial access is used in intervention of percutaneous coronary and catheterization of cardia. The TRA offers lesser amount of bleeding and vascular problems. The use of TRA procedure in breast cancer is more feasible. Some related statistics related to breast cancer cases:
• According to National Cancer Institute, of all cancer cases 15.0% are represent the female breast cancer amongst common types of cancers.
• According to National Cancer Institute, in 2014 approximately 3,327,552 women living with female breast cancer in the U.S.
• The transradial approach is also used for hepatic radioembolization. The radioembolization is the minimally invasive procedure used to treat liver cancer in the amalgamation of embolization and radiation therapy. In addition to this, an article published in Science Direct in 2016 reports that transradial approach is used for transarterial chemoembolization of hepatocellular carcinoma in Egyptian patients.
• Benefits such as improved safety, comfort, risk of bleeding, arterial damage and cost savings are compelling patients to widely accept radial access over femoral access.

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Contact Info:
Name: Research For Markets
Email: alan.naidu@researchformarkets.com
Phone: +44 8000-4182-37

Research For Markets indulge in detailed and diligent research on different markets, trends and emerging opportunities in the successive direction to cater to your business needs. We have established the pillars of our flourishing institute on the grounds of Credibility and Reliability. RFM delve into the markets across Asia Pacific, North America, South America, Europe, Middle East And Africa.

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