Transradial Access Market Comprehensive Study 2018- 2025: Terumo Medical Corporation, AngioDynamics, Stryker, Teleflex Incorporated, Smiths Group plc, Medtronic, Boston Scientific, Edwards Lifesciences, Nipro Medical Corporation, Merit Medical Systems

The global transradial access market analysis is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of transradial access market for global, Europe, North America, Asia Pacific and South America.

Global Transradial Access Market is expected to reach 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.

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The global transradial access market is highly concentrated to a few big players and rest to local players who cater to domestic markets only. Cardinal Health dominates transradial access market, accounting for the highest market share in 2017, followed by Stryker and Angiodynamics Inc. Other players in this market include BD, Terumo Corporation, Teleflex Incorporated, Smiths Group plc, MEDTRONIC, Boston Scientific Corporation, Edwards Lifesciences Corporation, Merit Medical Systems Inc., NIPRO CORPORATION, Amecath, OSCOR Inc. and Penumbra among others holds 7.8% of the global transradial access system market in 2017.

Cardinal Health:

Recent Developments:

In October, 2015, Cardinal Health completed the acquisition of Johnson & Johnson’s Cordis business for cardiology and endovascular devices. This acquisition enhanced the Cardinal Health product portfolio by offering products in the cardiovascular, wound management, and orthopedics segment.

Stryker:

Recent Developments:

In October, 2010, Stryker Corporation entered into an agreement to acquire the assets of the Neurovascular division of Boston Scientific (U.S.) in an all cash transaction for USD 1.5 billion. This acquisition is a very important strategic move and will strengthen company’s space in neurovascular portfolio.

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Angiodynamics Inc.-

Angiodynamics Inc. was founded in 1988 and headquartered at New York, U.S. The company is engaged in manufacturing and marketing of medical devices for vascular access, peripheral vascular disease, oncology and surgical settings. The company has three global operational business segments- vascular access, peripheral vascular products, oncology / surgery. Transradial access products such as guidewires and catheters are offered by vascular access as well as peripheral vascular products. Its manufacturing facilities are FDA registered, certified with ISO 13485 standards and CMD/CAS Canadian Medical Device in European Union countries.

The company has its network in the United States, Europe and Asia. It sells products in more than 50 markets through direct sales and distributors. Few subsidiaries of Angiodynamics Inc are Navilyst Medical (U.S.), Microsulis Medical Limited (U.K.), Clinical Devices, B.V (Netherlands), Leocor, Inc (Germany), Vortex Medical, Inc (U.S.), RITA Medical Systems LLC (U.S), oncobionic (U.S.) among others.

BD (Becton, Dickinson and Company)

Recent Developments:

In In December, 2017, BD acquired C.R. Bard (U.S.), a company engaged in the development, manufacturing and marketing of medical technologies. With this acquisition BD took over bard’s strong product portfolio and innovative pipeline in fast-growing clinical areas. This combination enhanced company’s presence in non-U.S. markets.

Drivers: Global Transradial Access Market

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.

INCREASING CASES OF OBESE PATIENTS :

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.

RISING NUMBER OF HEART PROBLEMS:

According to Centers for Disease Control and Prevention (CDC), approximately 610,000 people die due to heart disease in the U.S. per year.
According to European Heart Network, every year cardiovascular disease leads to 3.9 million deaths in Europe and around 1.8 million deaths in the European Union.

According to World Health Organization (WHO), cardiovascular disease (CVD) causes more than half of all deaths across the European Region. The disease leads to death or frequently it is caused by AIDS, tuberculosis and malaria combined in Europe.

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