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    Transradial Access Market Report

    Transradial Access Market Report
    Report code - SR1615 Delivery - 2 Weeks
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    Transradial Access Market Size, Share, Trend, Forecast, & Industry Analysis: 2021 See more...

    Impact of COVID-19 on Transradial Access Market

    Covid-19 has impacted the market dynamics, competition, and global...

    See more...

    Impact of COVID-19 on Transradial Access Market

    Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Market Insights

    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.

    The Transradial Access Market is projected to grow from USD 1.9 billion in 2020 to USD 2.9 billion by 2026 at a CAGR of around 7.2% during the forecast period.

    Transradial Access Market - Research Scope

    Base Year of Study

    2020

    Trend Period

    2015-2019

    Forecast Period

    2021-2026

    Market Size in 2020

    USD 1.9 billion

    Market Size in 2026

    USD 2.9 billion

    Market Growth (2021-2026)

    7.2% CAGR

     

    Figure: Transradial Access Market Size, 2020-2026 (USD Billion)

    Transradial-Access-Market-Forecast

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    Market Drivers

    The growth of the transradial access market is primarily driven by the increasing incidence of cardiovascular diseases and diabetes. 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.

    COVID-19 Impact on Transradial Access Market

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

    Segments' Analysis

    End-User Trends

    By end-user, 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 2020 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 Trends

    By region, the North American market accounted for the largest market share in 2020 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 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.

    Critical Questions Answered in the Report

    This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global Transradial Access market. The historic years considered for the study are 2016-2019, the base year is 2020, the estimated year is 2021, and the forecast period is 2022-2026. Following are the critical questions answered in the report-

    • What are the key trends in the Transradial Access 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 Transradial Access market?
    • What are the key strategies adopted by the major vendors to lead in the Transradial Access market?
    • What is the market share of the top vendors?

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    Key Players

    Key players operating in the Transradial Access 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)

    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

    Custom Research: Stratview research offers custom research services across 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 at sales@stratviewresearch.com.

    Frequently Asked Questions (FAQs)

    The transradial access market is expected to witness an impressive growth of 7.2% CAGR in the coming years.

    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 transradial access market.

    The transradial access market size is expected to reach USD 2.9 billion in the foreseeable future.

    The hospitals' segment is expected to register significant growth in the transradial access market in the next five years.

    North America accounted for the largest share in the transradial access market in 2020.

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

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