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  • Transradial Access Market Growth Analysis | 2022-2028

    Transradial Access Market Growth Analysis | 2022-2028

    Transradial Access Market Growth Analysis | 2022-2028
    Report code - SR1615 Delivery - 2 Weeks
    Transradial Access Market Size, Share, Trends, Forecast, & Growth Analysis -  See more...

    Market Insights

    The transradial access market was estimated at USD 2.04 billion in 2021 and is likely to grow at a healthy CAGR of 7.12% during 2022-2028 to reach USD 3.31 billion in 2028.

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    What is transradial access?

    Transradial access is employed to perform coronary angiography and percutaneous coronary intervention thanks to the reduced risk of vascular and bleeding complications. A number of the commonly used products include catheters, guidewires, sheaths & sheath introducers, and accessories.

    COVID-19 Impact

    The COVID-19 outbreak posed significant challenges across verticals worldwide. It impacted the growth of the transradial access market negatively as supply disruptions affected product availability in the market.

    Transradial Access Market Report Highlights

    Market Size in 2021

    USD 2.04 billion

    Market Size in 2028

    USD 3.31 billion

    Market Growth (2022-2028)

    7.12% CAGR

    Base Year of Study

    2021

    Trend Period

    2017-2020

    Forecast Period

    2022-2028

    Key Players

    Key players operating in the market are-

    • Becton, Dickinson and Company (US)
    • Terumo Corporation (Japan)
    • Teleflex Incorporated (US)
    • Smiths Medical, Inc. (US)
    • Medtronic plc (Ireland)
    • Edward Lifesciences (US)
    • Merit Medical Systems, Inc. (US)
    • Boston Scientific Corporation (US)
    • Nipro Corporation (Japan)
    • AngioDynamics (US)
    • Oscor (US)

    Market Dynamics

    The growth of the transradial access market is primarily driven by the increasing incidence of cardiovascular diseases and diabetes. The expanding geriatric populace and rising prevalence of chronic diseases are likely to bolster the growth of the transradial access market at a significant rate during the review period. In addition to this, a growing emphasis on technological advancement in transradial access is likely to create lucrative opportunities for the players operating in the global market in the coming years.

    Transradial-Access-Market-Dynamics

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    Segment Analysis

    By End-User Type

    By end-users, the transradial access market has been bifurcated into hospitals, clinics, and ambulatory care centers, and others. The hospitals segment accounted for the largest market share in 2021 and is projected to register significant growth during the review period. The segment growth can be attributed to the established presence of healthcare infrastructure.

    Regional Insights

    By region, the North American market accounted for the largest market share in 2021 and is projected to grow at a robust CAGR during the review period. This can be attributed to the increasing prevalence of cardiovascular diseases coupled with the expanding geriatric populace. Additionally, increasing investment in technological advancements is likely to add to the market growth substantially during the review period. The market growth in Asia-Pacific is expected to be driven by increasing spending on healthcare coupled with rising cases of heart diseases.

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    Critical Questions Answered in the Report

    • What are the key trends in the global market?
    • How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
    • What is the impact of COVID-19 on the global market?
    • What are the key strategies adopted by the major vendors to lead in the market?
    • What is the market share of the top vendors?

    Market Segmentation

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

    The transradial access market is segmented into the following categories.

    By Product Type

    • Catheters
    • Guidewires
    • Sheaths & Sheath Introducers
    • Accessories

    By Application Type

    • Drug Administration
    • Fluid & Nutrition Administration
    • Blood Transfusion
    • Diagnostics & Testing

    By End-User Type

    • Hospitals
    • Clinics and Ambulatory Care Centers
    • Others

    By Region

    • North America (Country Analysis: The USA, Canada, and Mexico)
    • Europe (Country Analysis: Germany, France, The UK, Russia, Spain, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
    • Rest of the World (Country Analysis: Brazil, Saudi Arabia, and Others)

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    Target Audience

    Here is the list of the group of customers that the transradial access market hopes to have the greatest opportunity to convert-

    • Transradial access distributors
    • Transradial access suppliers
    • Transradial access manufacturers
    • Logistics organizations
    • Government bodies

    Research Methodology

    This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.

    More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.

    We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

    What Deliverables Will You Get in this Report?

    Key questions this report answers

    Relevant contents in the report

    How big is the sales opportunity?

    In-depth Analysis of the Transradial Access Market

    How lucrative is the future?

    Market forecast and trend data and emerging trends

    Which regions offer the best sales opportunities?

    Global, regional, and country-level historical data and forecasts

    Which are the most attractive market segments?

    Market Segment Analysis and Forecast

    Which are the top players and their market positioning?

    Competitive landscape analysis, Market share analysis

    How complex is the business environment?

    Porter’s five forces analysis, PEST analysis, Life cycle analysis

    What are the factors affecting the market?

    Drivers & challenges

    Will I get the information on my specific requirements?

    10% free customization

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to three players)
    • SWOT analysis of key players (up to three players)

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

    Custom Research: Stratview Research offers custom research services across the sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@Stratviewresearch.com.

    Frequently Asked Questions (FAQs)

    Transradial access is employed to perform coronary angiography and percutaneous coronary intervention thanks to the reduced risk of vascular and bleeding complications. A number of the commonly used products include catheters, guidewires, sheaths & sheath introducers, and accessories.

    The transradial access market was estimated at USD 2.04 billion in 2021.

    The transradial access market is likely to reach USD 3.31 billion in 2028.

    The transradial access market is likely to grow at a healthy CAGR of 7.12% during 2022-2028.

    Becton, Dickinson and Company (US), Terumo Corporation (Japan), Teleflex Incorporated (US), Smiths Medical, Inc. (US), Medtronic plc (Ireland), Edward Lifesciences (US), Merit Medical Systems, Inc. (US), Boston Scientific Corporation (US), Nipro Corporation (Japan), AngioDynamics (US) and Oscor (US) are among the key players in the market.

    The growth of the transradial access market is primarily driven by the increasing incidence of cardiovascular diseases and diabetes. The expanding geriatric populace and rising prevalence of chronic diseases are likely to bolster the growth of the transradial access market at a significant rate during the review period. In addition to this, a growing emphasis on technological advancement in transradial access is likely to create lucrative opportunities for the players operating in the global market in the coming years.

    North America accounted for the largest share in the transradial access market in 2021.

    Transradial access distributors, Transradial access suppliers, Transradial access manufacturers, Logistics organizations, Government bodies are the target audience in the market.