The transradial access procedures market is experiencing significant growth driven by the rising prevalence of coronary artery diseases. Transradial access offers several advantages over traditional femoral access, including lower rates of bleeding and vascular complications, improved patient comfort, and faster ambulation post-procedure. The market benefits from advancements in catheter technology, increased physician training in transradial techniques, and growing adoption by healthcare providers worldwide. With expanding applications beyond cardiac interventions, the transradial Access Procedures market is poised for continued growth and offers lucrative opportunities for industry players.
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Data Bridge Market Research analyses that the Global Transradial Access Market to be grow at a CAGR of 9.3% in the forecast period of 2022-2029 and its expected value of 2021 is USD 1415.72 million and likely to reach USD 2,883.63 million by 2029. The growing preference for minimally invasive procedures and the advantages offered by trans-radial access, such as reduced complications and improved patient comfort, drive the growth of the transradial access market.
Key Findings of the Study
Growing frequency of cardiovascular diseases is expected to drive the market's growth rate
The increasing prevalence of cardiovascular diseases, including coronary artery disease and peripheral artery disease, is a significant driver of the transradial access market. Transradial access offers a safer and more efficient approach for diagnostic and interventional procedures in the field of cardiology. It provides advantages such as reduced bleeding complications, shorter hospital stays, and faster patient recovery. As the incidence of cardiovascular diseases continues to rise globally, the demand for transradial access procedures is expected to increase, driving market growth.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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202O (Customizable to 2014-2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Application (Fluid and Nutrition Administration, Drug Administration, Blood Transfusion, Diagnostics and Testing), Product (Guidewires, Catheters, Sheaths and Sheath Introducers, Accessories), End Users (Hospitals, Ambulatory Centers, Clinics, Community Healthcare, Others)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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AngioDynamics (U.S.), Smiths Group plc (United Kingdom), Merit Medical Systems (U.S.), NIPRO (Japan), Penumbra, Inc. (U.S.), Cardinal Health (U.S.), Medtronic (Ireland), Stryker (U.S.), BD (Becton, Dickinson and Company) (U.S.), Terumo Corporation (Japan), Teleflex Incorporated (U.S.), Boston Scientific Corporation (U.S.), Edwards Lifesciences Corporation (U.S.), Amecath (India), OSCOR Inc. (U.S.), Zimmer Biomet (U.S.), B. Braun Melsungen AG (Germany), Medical Devices Business Services, Inc. (U.S.), KLS Martin Group (Germany).
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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Segment Analysis:
The transradial access market is segmented on the basis of application, product and end users.
- On the basis of application, the transradial access market is segmented into fluid and nutrition administration, drug administration, blood transfusion and diagnostics and testing. The drug administration segment dominates the application segment due the delivery of medications and therapeutic substances to patients for the treatment of various diseases and conditions. This segment is driven by the high demand for drug administration in healthcare settings, including hospitals, clinics, and home healthcare settings in the forecast period of 2022 to 2029.
- On the basis of product, the transradial access market has been segmented into guidewires, catheters, sheaths and sheath introducers and accessories. Among the product segments, catheters dominate the market due to their wide range of applications in various medical procedures, such as diagnostic imaging, drug delivery, and fluid management. Catheters are essential medical devices used in hospitals, ambulatory centers, and clinics for multiple purposes, contributing to their dominance in the market in the forecast period of 2022 to 2029.
In 2022 the catheters segment dominate the product segment in the transradial access market
In 2022 the catheters segment dominate the product segment in the transradial access market due to its crucial role in the procedure. Catheters are the primary medical devices used to access the radial artery for transradial procedures. They offer advantages such as flexibility, maneuverability, and precise navigation through complex anatomical structures. The continuous advancements in catheter technology, including improved trackability and reduced friction, contribute to their dominance in facilitating successful transradial access and patient comfort in the forecast period of 2022 to 2029.
- On the basis of end users, the transradial access market is segmented into hospitals, ambulatory centers, clinics, community healthcare and others. Hospitals dominate the end-user segment of the market due to their large-scale operations, extensive patient base, and advanced healthcare infrastructure. Hospitals serve as primary centers for complex medical procedures, specialized treatments, and emergency care, requiring a wide range of medical devices and equipment in the forecast period of 2022 to 2029
In 2022 the hospital segment dominate the end user segment in the transradial access market
In 2022 the hospital segment dominate the end user segment in the transradial access market due to their large-scale operations, extensive patient base, and advanced healthcare infrastructure. due to their advanced infrastructure, specialized medical staff, and comprehensive facilities. They have the expertise to handle complex procedures, experienced interventional cardiologists, and necessary support services. Additionally, hospitals have the resources to invest in advanced transradial access equipment and offer a wide range of medical specialties, positioning them as the preferred choice for transradial procedure in the forecast period of 2022 to 2029.
Major Players
Data Bridge Market Research recognizes the following companies as the major global transradial access market players in global transradial access market are AngioDynamics (U.S.), Smiths Group plc (United Kingdom), Merit Medical Systems (U.S.), NIPRO (Japan), Penumbra, Inc. (U.S.), Cardinal Health (U.S.), Medtronic (Ireland), Stryker (U.S.), BD (Becton, Dickinson and Company) (U.S.),
Market Development
- In February 2022, Formus Labs raised USD 5 million and partnered with Zimmer Biomet for global distribution and co-development of their technology. Formus Labs' orthopedic surgery planning solution, launched in February 2022, offers exceptional insight into the pre-operation planning process.
- In December 2020, Arthrex Inc. introduced the SwiveLock ACL Repair Kit, the first FDA-cleared primary repair kit for treating ACL tears. The kit provides a reliable solution for repairing anterior cruciate ligament injuries, enhancing patient outcomes.
Regional Analysis
Geographically, the countries covered in the global transradial access market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
As per Data Bridge Market Research analysis:
North America is the dominant region in the global transradial access market during the forecast period 2022 - 2029
North America's dominance in the transradial access market can be attributed to several factors. The region has a high prevalence rate of cardiovascular diseases, driving the demand for transradial access procedures. Furthermore, the presence of numerous conferences and workshops focused on cardiovascular interventions enhances knowledge sharing and adoption of transradial access techniques. Additionally, the region's emphasis on research and clinical trials for vascular access devices, particularly in cancer patients, further contributes to market growth.
Asia-Pacific is estimated to be the fastest growing region in global transradial access market the forecast period 2022 - 2029
Asia-Pacific is expected to witness significant growth in the transradial access market due to various factors. The region has observed a rising number of cardiovascular disease cases, leading to increased demand for transradial access procedures. Additionally, advancements in healthcare technology and infrastructure in countries like China, Japan, and India are driving the adoption of innovative transradial access techniques. Furthermore, growing investments in healthcare, improving accessibility to advanced medical devices, and increasing awareness among healthcare professionals contribute to the market's growth in Asia-Pacific.
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