Stratview Research delivers key insights on the global Transradial Access Market. According to Stratview Research, the market is segmented By Product (Catheters, Guidewires, Sheaths Sheath Introducers, Accessories), Application (Drug Administration, Fluid Nutrition Administration, Blood Transfusion, Diagnostics Testing), End User (Hospitals, Clinics and Ambulatory Care Centers, Other), and Region.
The report also covers the Covid impact on the market. Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and an uptrend is witnessed from 2021.
Market Insights
The Transradial Access Market is projected to grow from USD 2.04 billion in 2021 to USD 3.31 billion by 2028 at a CAGR of around 7.12% during the forecast period of 2022-2028.
Market Segments' Analysis
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.
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.
Key Players
The following are some of the key players in the Transradial Access Market:
- 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)
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