Healthcare

Transradial Access Market by Catheters, Guidewires, Sheath and Sheath Introducers – Revenue Forecast to US$ 2.18 Billion by 2023

Transradial access devices market driven by catheters, guidewires, sheaths and sheath introducers, and accessories (needles and cannulas). Top-down and bottom-up approaches were used to validate the size of the global transradial access devices market and estimate the size of other dependent submarkets.

The transradial access devices market is projected to reach USD 2.18 Billion by 2022 from USD 1.52 Billion in 2017, at a CAGR of 7.5%.

The increasing prevalence of obesity, growing preference for interventional procedures using radial artery access, technological advancements, rising prevalence of lifestyle diseases, and increasing number of chemotherapy procedures globally are factors expected to drive the market.

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Report analyzes transradial access devices market & aims at estimating the market size & future growth potential of this market based on various segments like product, application, end user, & region. Report also includes an in-depth regulatory analysis for various regions across globe & competitive landscape of key players in market along with their company profiles, product offerings, recent developments, & key market strategies.

Competitive Landscape

1 Introduction

2 Comparative Assessment of Key Players in the Transradial Access Devices Market

3 Market Share Analysis

4 Becton, Dickinson and Company

5 Terumo Corporation

6 Competitive Situation and Trends

7 Product Launches and Approvals

8 Agreements and Collaborations

Catheters market is expected to grow with highest growth rate owing to factors such as the increasing incidence of lifestyle-related diseases such as CVD, obesity, and diabetes and the growing number of interventional and angiography procedures.

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Transradial access devices market is divided into four major regions – North America, Europe, Asia Pacific, and the Rest of the World. North America is expected to register the highest CAGR during the forecast period. The key driving factors for the growth of this regional segment are the growing prevalence of CVDs, increasing number of cancer patients and, increase in research and clinical trials for vascular access devices.

Break of primary participants was as mentioned below:

  • By Company Type – Tier 1:56%, Tier 2:35%, and Tier 3:9%
  • By Designation – C-level:27%, Director Level:15%, Others:58%
  • By Region – North America:37%, Europe:23%, AsiaPacific:25%, RoW:15%

The prominent players in transradial access devices market include Becton, Dickinson and Company (US) and Terumo Corporation (Japan), Teleflex Incorporated (US), Smiths Group Plc (UK), Edward Lifesciences Corporation (US), Medtronic (Ireland), Merit Medical System, Inc. (US), Boston Scientific (US), NIPRO Medical Corporation (US), AngioDynamics (US), Ameco Medical Industries (Egypt), and OSCOR Inc. (US).

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The transradial access devices market is segmented as drug administration, fluid and nutrition administration, blood transfusion, and diagnostics & testing. Drug administration market is estimated to grow with highest CAGR owing to factors such as high usage of radial access devices for drug administration for treatment of infections and cancer.

Various secondary sources such as World Health Organization (WHO), Central Intelligence Agency (CIA), Centers for Disease Control and Prevention (CDC), European Renal Care Providers Association (ERCPA), Society for Cardiovascular Angiography and Interventions (SCAI), American Heart Association (AHA), Canadian Association of Interventional Cardiology (CAIC), Asian Pacific Society of Interventional Cardiology (APSIC), American College of Cardiology, directories, industry journals, databases, and annual reports of companies have been used to identify and collect information useful for the study of this market.

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