Transradial Access Market Set for Rapid Growth and Trend by 2027 - Top Companies BD, Terumo, Teleflex Incorporated, Medtronic, Smiths Medical and Ameco Medical

Transradial Access Market is expected to reach US$ 2,961.79 Mn in 2027 from US$ 1,574.97 Mn in 2018. The market is estimated to grow with a CAGR of 7.7% from 2019-2027. The report highlights the trends prevalent in the global transradial access market and the factors driving the market along with those that act as deterrents to its growth.

Global transradial access market, based on the product, was segmented as, catheter, guidewire, sheaths & sheath introducers, and accessories. In 2018, the catheter segment held a largest market share of 49.5% of the transradial access market, by product. This segment is also expected to dominate the market in 2027 owing to patients' preference for catheters for surgeries. Moreover, increasing incidences of cardiac diseases, cancer, and rising number of interventional and angiography procedures are expected to fuel the demand of catheters. Furthermore, catheters minimize the complication rates and help in faster recovery leading to increased adoption in surgical procedures.

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The market for transradial access is expected to grow, owing to factors such as rising inclination for interventional procedures using radial artery access, increasing prevalence of obesity & lifestyle diseases and growing use of radial access devices in pediatric patients. However, factors such as product recalls & failures and high costs of vascular access devices are likely to adversely impact the growth of the market in the forecast period.

Key Players Influencing the Market:

1. BD
2. Terumo Corporation
3. Teleflex Incorporated
4. Medtronic
5. Smiths Medical
6. Ameco Medical
7. Edward Lifesciences Corporation
8. Merit Medical Systems
9. Boston Scientific Corporation
10. Nipro Medical Corporation

The report aims to provide a 360-degree view of the market in terms of cutting-edge technology, key developments, drivers, restraints and future trends with impact analysis of these trends on the market for short-term, mid-term and long-term during the forecast period. Further, the report also covers key players profiling with detailed SWOT analysis, financial facts and key developments of products/service from the past three years.

The study conducts SWOT analysis to evaluate strengths and weaknesses of the key players in the Transradial Access Market. Further, the report conducts an intricate examination of drivers and restraints operating in the market. The report also evaluates the trends observed in the parent market, along with the macro-economic indicators, prevailing factors, and market appeal according to different segments. The report also predicts the influence of different industry aspects on the Transradial Access Market segments and regions.

Scope of the study:

The research on the Transradial Access Market focuses on mining out valuable data on investment pockets, growth opportunities, and major market vendors to help clients understand their competitor's methodologies. The research also segments the Transradial Access Market on the basis of end user, product type, application, and demography for the forecast period 2020-2027. Comprehensive analysis of critical aspects such as impacting factors and competitive landscape are showcased with the help of vital resources, such as charts, tables, and infographics.

The report segments the global transradial access market as follows:

Global Transradial Access Market - By Product

Catheter
Guidewire
Sheaths & Sheath Introducers
Accessories

Global Transradial Access Market - By Application

Drug Administration
Diagnosis & Testing
Fluid and Nutrition Administration
Blood Transfusion

Global Transradial Access Market - By End User

Hospitals & Clinics
Ambulatory Surgical Centres
Others

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Envision the restrictions and restrains that are likely to hamper the market.

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