Transradial Access Devices Market 2027 By Top Manufacturers Medtronic, Terumo Corporation, Boston Scientific, AngioDynamics, BD Company

The transradial access devices market is estimated to procure steady growth supported by rising prevalence of coronary artery diseases. Obesity has become one of the most common public health issues recently. Obesity is reported to be linked to cardiovascular risk and may lead to several health conditions like diabetes, sleep apnea syndrome, and hypertension. These healthcare conditions may cause a rise in coronary artery diseases and a subsequent demand for transradial access devices.

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With growing product adoption, firms operating in the transradial access devices market are developing new products and solutions. For example, in 2017, major market player, Medtronic announced the addition of three new products to its coronary portfolio, namely, a transradial diagnostic catheter and two accompanying transradial devices in order to enable the treatment of coronary artery disease through the radial artery in the wrist. Given to such advancements, Global Market Insights, Inc., suggests that the transradial access devices market is expected to grow over USD 2.4 billion by 2027.

In terms of product, transradial access devices can be divided into guidewires, sheath and sheath introducers, catheters, and accessories. Of these, the sheath and sheath introducers segment held a market share of over 13.4% in 2020 and is likely to grow further owing to the introduction of more products by multiple manufacturers. Surge in the number of cardiovascular surgeries could propel the segment growth.

With respect to application, the diagnostics and testing segment garnered around USD 342.1 million revenue sales in 2020. Transradial access is gaining prominence as an alternative route to diagnostic angiography. Vascular access devices have several benefits such as visibility, strength, and flexibility, among others.

Ambulatory surgical centers are utilizing transradial access devices, with the end-user segment anticipated to record a CAGR of 5.2% over the forecast timeframe, mainly owing to the same-day discharge model associated with these centers. In the coming years, patients are more likely to prefer ambulatory surgical centers over hospital admissions as the centers provide reduced costs, minimal chances of infection, and better recovery time, hence fueling industry outlook.

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Globally, the transradial access devices market consists of companies such as Boston Scientific, Medtronic, Merit Medical System, Terumo Corporation, BD Company, and AngioDynamics. These firms have been working on various strategies including new product launches and technological innovations. In 2020, AngioDynamics, maker of minimally invasive medical devices for oncology, vascular access, and peripheral vascular disease, announced the U.S FDA clearance and a CE Mark for its SmartPort+ implantable port. This port is meant for patients requiring long-term access to the central venous system for the administration of fluids and blood specimen withdrawal.

Partial Chapter of the Table of Content

Chapter 4. Transradial Access Devices Market, By Product

4.1. Key segment trends

4.2. Catheters

4.2.1. Market size, by region, 2016 - 2027 (USD Million)

4.3. Guidewires

4.3.1. Market size, by region, 2016 - 2027 (USD Million)

4.4. Sheath and sheath introducers

4.4.1. Market size, by region, 2016 - 2027 (USD Million)

4.5. Accessories

4.5.1. Market size, by region, 2016 - 2027 (USD Million)

Chapter 5. Transradial Access Devices Market, By Application

5.1. Key segment trend

5.2. Drug administration

5.2.1. Market size, by region, 2016 - 2027 (USD Million)

5.3. Fluid and nutrition administration

5.3.1. Market size, by region, 2016 - 2027 (USD Million)

5.4. Blood transfusion

5.4.1. Market size, by region, 2016 - 2027 (USD Million)

5.5. Diagnostics and testing

5.5.1. Market size, by region, 2016 - 2027 (USD Million)

5.6. Others

5.6.1. Market size, by region, 2016 - 2027 (USD Million)

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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
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About Global Market Insights, Inc.
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.

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