Transradial Access Market Growth Opportunities and Forecast by 2031

The transradial access market size in 2021 stood at US$ 1.77 billion and is projected to reach US$ 3.46 billion by 2031 from US$ 1.95 billion in 2023. The market is expected to register a CAGR of 7.4% during 2023–2031. Miniaturization of transradial access equipment is likely to remain key trends in the market.

Transradial Access Market Analysis

The transradial access devices market is expanding as more people prefer interventional procedures that involve radial artery access. Also, the prevalence of cardiovascular disease related to lifestyle disorders rises, the growing use of radial access devices in pediatric patients, increasing prevalence of obesity & lifestyle diseases, and rising inclination for interventional procedures using radial artery access are driving the transraidial access market.

Transradial Access Market Overview

Transraidial access is used to perform coronary angiography and percutaneous coronary intervention, which lowers the risk of vascular and bleeding complications. Catheters, guidewires, and hemostasis devices and accessories are the most regularly used products.  As compared to conventional transfemoral access, transradial access usually has a lower risk of problems and less discomfort. The transradial procedures were introduced to improve patient comfort and safety. Moreover, transradial access operations are typically associated with shorter hospital stays and faster healing times.

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Transradial Access Market: Strategic Insights

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Transradial Access Market Drivers and Opportunities

Growing Use of Radial Access Devices in Pediatric Patients to Favor Market

Vascular access is usually needed in hospitalized children for a variety of clinical indications. This requirement may range from short-term or temporary needs to long-term or even permanent access. Various options for vascular access are available to the physician who cares for children to meet the required treatment needs.

The use of radial access in children undergoing PCI can be safe, effective, and comfortable with marginal radiation exposure and may offer a safety advantage as compared to femoral access in infant patient population. There are various types of kits that are available specific to arterial cannulation that comprise a catheter situated over a wire for fast and easy insertion. There is a 20-ga catheter which is an adequate size for older children and adults, and a 22-ga catheter which is preferred for pediatrics and infants.

Technological Developments Improve the Feasibility of Peripheral Therapies

The introduction of novel devices and technology specifically designed for transradial access improves the feasibility and success rate of peripheral therapies. For instance, longer shaft lengths in devices, as well as developments in radial intervention equipment, can improve the treatment of distant lesions by making it easier for operators to access and treat difficult anatomy. Furthermore, developing smaller profile covered stents will expand treatment options and improve procedural safety.

Transradial Access Market Report Segmentation Analysis

Key segments that contributed to the derivation of the transradial access market analysis are product, application, and end user.

• Based on product, the transradial access market is divided into catheters, guidewire, sheath and sheath introducer and accessories. The catheters segment held a largest market share in 2023.
• By application, the market is segmented into medicine, fluid, blood, and diagnostics and testing. The medicine segment held the largest share of the market in 2023.
• In terms of end user, the market is segmented into hospitals, ambulatory surgical centers and others. The hospitals segment held a largest share of the market in 2023.

Transradial Access Market Share Analysis by Geography

The geographic scope of the transradial access market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.

North America has dominated the market. Nearly 1.2 million US populace is living with Parkinson’s disease; it is the second most common neurodegenerative disorder after Alzheimer’s. Due to prevalence of chronic disorders and the presence of supportive government plans for the development of research regarding transradial access, North America held the largest share in 2023.

Transradial Access Market Regional Insights

The regional trends and factors influencing the Transradial Access Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Transradial Access Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Transradial Access Market Report Scope

Transradial Access Market Players Density: Understanding Its Impact on Business Dynamics

The Transradial Access Market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

Major Companies operating in the Transradial Access Market are:

1. BD
2. Terumo Corporation
3. Teleflex Incorporated
4. Medtronic
5. Smiths Medical
6. Ameco Medical

Disclaimer: The companies listed above are not ranked in any particular order.

Transradial Access Market News and Recent Developments

The transradial access market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the transradial access market are listed below:

• Medtronic plc, the global leader in medical technology, today announced it has received CE Mark approval for its radial artery access portfolio, which includes the Rist 079 Radial Access Guide Catheter and Rist Radial Access Selective Catheter. The Rist 079 Radial Access Guide Catheter is the first catheter specifically designed for the unique demands of accessing the neuro vasculature through the radial artery versus access through the transfemoral artery. (Source: Medtronic plc, Press Release, September 2021)

Transradial Access Market Report Coverage and Deliverables

The “Transradial Access Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:

• Transradial access market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
• Transradial access market trends as well as market dynamics such as drivers, restraints, and key opportunities
• Detailed PEST/Porter’s Five Forces and SWOT analysis
• transradial access market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
• Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the transradial access market
• Detailed company profiles