Global Transradial Access Market Size, Share, Growth, Trends, and Forecast (2024 - 2031)
Global Transradial Access Market Scope: Historical Data (2021 – 2022), Base Year (2023), Forecast Period (2024 – 2031)
Market Segmentation: By Product (Catheters, Guidewires, Sheaths and Sheath Introducers, and Accessories), Application (Drug Administration, Fluid and Nutrition Administration, Blood Transfusion, and Diagnostics and Testing), End User (Hospitals, Clinics and Ambulatory Care Centers, and Others), and Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa)
Market Overview
The Global Transradial Access Market was valued at USD 2,065.6 million in 2023 and is expected to reach USD 3,605.3 million by 2031 while growing at a CAGR of 7.2% during the forecast period (2024-2031).
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Market Dynamics
This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global transradial access market growth. Transradial access is a medical procedure that involves gaining vascular access through the radial artery in the forearm, offering an alternative to the traditional femoral artery approach in the groin. Widely used in interventional cardiology and radiology, this technique has gained popularity for its reduced bleeding complications.
Factors such as reduced bleeding complications, a rise in cardiovascular procedures, and faster ambulation and recovery are driving substantial growth in the Transradial Access market. Despite these positive trends, challenges like procedural complexity and a preference for alternative access sites could impede the market's expansion.
Furthermore, the global transradial access industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.
Segmentation – By Product Analysis
The Global Transradial Access Market is segmented among Catheters, Guidewires, Sheaths and Sheath Introducers, and Accessories, based on product. In 2023, Catheters accounted for the majority of the market share*.
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Segmentation – By Application Analysis
The Global Transradial Access Market is segmented among Drug Administration, Fluid and Nutrition Administration, Blood Transfusion, and Diagnostics and Testing, based on Application. In 2023, Drug Administration accounted for the majority of the market share*.
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Global Transradial Access Market: Regional Analysis
Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, North America dominated the market with the highest market share, while Asia Pacific is expected to grow with the highest CAGR during the forecast period (2024 – 2031).
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Competitive Landscape
Some of the key players operating in the market are Ameco Medical, AngioDynamics, Inc., Becton, Dickinson and Company, Boston Scientific Corporation, Edward Lifesciences Corporation, Medtronic Plc., Merit Medical Corporation, Nipro Medical Corporation, Oscor Inc., and Smiths Medical.
Table of Contents:
1. Research Methodology and Market Scope
Research Methodology
Market Scope
2. Executive Summary
3. Global Transradial Access Market Dynamics
Drivers
Restraints
Opportunity
4. Global Transradial Access Industry Analysis
PEST Analysis
Porter's Five Force Analysis
Recent Deals Analysis
5. Global Transradial Access Market Segmentation, By Product
Global Transradial Access Market Share Analysis, By Product
Global Transradial Access Market Growth Analysis, By Product
Global Transradial Access Market Trends, By Product
o Catheters
o Guidewires
o Sheaths and Sheath Introducers
o Accessories
6. Global Transradial Access Market Segmentation, By Application
Global Transradial Access Market Share Analysis, By Application
Global Transradial Access Market Growth Analysis, By Application
Global Transradial Access Market Trends, By Application
o Drug Administration
o Fluid and Nutrition Administration
o Blood Transfusion
o Diagnostics and Testing
7. Global Transradial Access Market Segmentation, By End User
Global Transradial Access Market Share Analysis, By End User
Global Transradial Access Market Growth Analysis, By End User
Global Transradial Access Market Trends, By End User
o Hospitals
o Clinics and Ambulatory Care Centers
o Others
8. Global Transradial Access Market Segmentation, By Region
Global Transradial Access Market Share Analysis, By Region
Global Transradial Access Market Growth Analysis, By Region
Global Transradial Access Market Trends, By Region
o North America
o Europe
o Asia Pacific
o Latin America
o Middle East
o Africa
9. Competitive Landscape
Ameco Medical *
o Company Overview
o Financial Performance
o Key Development/Strategies
o SWOT Analysis
AngioDynamics, Inc.
Becton, Dickinson and Company
Boston Scientific Corporation
Edward Lifesciences Corporation
Medtronic Plc.
Merit Medical Corporation
Nipro Medical Corporation
Oscor Inc.
Smiths Medical
*Similar analysis will be provided for each company listed above.
