The transradial access market is anticipated to expand in the next years due to factors including an increase in the number of heart disease patients resulting in heart attacks, an increase in the use of radial access procedures in the field of oncology, and technological advancements.
Transradial access (TRA) is utilized for coronary artery disease diagnosis, which includes diagnostic angiography, angioplasty, and percutaneous stent placement. Kit for transradial access includes sheaths, catheters, guidewires, sheath introducers, and other minor components. The transradial access procedure can detect the obstruction in a patient's cardiac artery, which is afflicted with the disease and experiencing discomfort. This procedure can also help physicians and healthcare professionals determine the treatment plan.
In addition, the increasing prevalence of the acute coronary syndrome is driving the growth of the transradial access device market. Due to the immense increase in technological advancements in nations such as the U.S. and Canada, the market is experiencing a rise in demand from North American regions from major competitors such as Ameco Medical, BD, Angiodynamics, Inc., and others actively functioning in the market.
In recent years, the transradial access devices market has witnessed a series of product launches and approvals that have contributed to its growth.
DataM Intelligence's in-depth market analysis reveals the major market drivers, challenges, and trends. Our market intelligence report evaluates the market size, growth, and share, providing crucial insights for businesses to make informed decisions and capitalize on the existing and upcoming opportunities in the transradial access devices market.
Market Growth and Outlook:
Global Transradial Access Device Market reached USD 2.0 billion in 2022 and is expected to reach USD 3.4 billion by 2030 growing with a CAGR of 7.4% during the forecast period 2023-2030. Transradial access (TRA) is the preferred approach for coronary angiography and percutaneous coronary intervention (PCI) due to the reduced risk of bleeding and vascular complications as compared with transfemoral access (TFA), increased patient satisfaction, and reduced mortality in patients presenting with ST-segment–elevation myocardial infarction.
Transradial Access Devices Market Drivers:
A rise in the number of coronary artery procedures will propel market growth:
The market will be driven by an increase in the number of coronary artery procedures. Individuals suffering from coronary artery disease and undergoing surgery have increased drastically.
For the diagnosis and treatment of certain heart problems, transradial cardiac catheterization is a procedure. Transradial cardiac catheterization or angiography are other names for it. A medical expert inserts a catheter via the radial artery during the process. The radial artery is a blood vessel located in the wrist.
Technological Advancements Drive the Market Growth:
Vascular access device technology will continue to progress, promoting market expansion. The process's success rate and results have improved thanks to a number of technical developments.
In addition, the use of catheters and guidewires during transradial coronary artery procedures will increase because of advancements in cobalt-chromium multi-link, triaxial, and interwoven wire technologies.
Similar to flexibility, durability, delivery, and visibility, these attributes will provide appealing market potential in the coming years. Rapid innovation and more R&D investment will be the primary drivers of market value over the projection period.
Transradial Access Devices Market Restraints:
Complications with the Devices Will Restrain Market Growth:
The difficulties in using transradial access devices may hinder market expansion. Transradial catheterization has a few particular difficulties. Despite the fact that the majority of these are not clinically triggered, they sometimes need special attention.
These side effects include pseudoaneurysm, artery damage, spasm, occlusion, perforation, and hematoma. Thus, these elements may inhibit market expansion.
Market Future Opportunities Analysis:
Increase in hospital admissions:
The aging population will result in more heart disease patients being admitted to hospitals. It significantly contributes to the mortality of elderly persons. Adopting unhealthy habits, including consuming alcohol, smoking, and living a sedentary lifestyle, will also contribute to a rise in the prevalence of the condition.
Therefore, a high increase in hospital admissions will drive the need for innovative treatment alternatives, offering the industry tremendous growth potential in the years to come.
Transradial Access Devices Market Key Players:
The major global players in the transradial access device market include
- AmecoMedical
- BD
- Angiodynamics Inc.
- BostonScientific Corporation
- Edward Lifesciences Corporation
- Teleflex Incorporated
- Merit Medical Systems
- Medtronic
- Nipro Medical Corporation
- Oscor Inc.
Nipro Medical Corporation:
Nipro Medical Corporation is committed to delivering innovative, high-quality solutions in the form of renal, medical-surgical, and vascular products – with the ultimate goal of improving patient care and quality of life. This fundamental objective drives us to develop cutting-edge, value-added products for healthcare professionals that are safe, effective, and easy to use.
To Know More Download Sample
