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Transradial Access Market: Global Opportunity Analysis and Industry Forecast, 2020–2027
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COVID-19
Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Transradial Access Market: Global Opportunity Analysis and Industry Forecast, 2020–2027
Request Now !Transradial access market is expected to witness growth in upcoming years due to factors such as increase in number of heart disease related patients leading to heart attack, rise in usage of radial access procedure in field of oncology and advancements made in the technology.
Transradial access procedure is used in the diagnosis of coronary artery disease, which includes diagnostic angiography, angioplasty and percutaneous stenting. Transradial access kit includes different small components such as sheaths, catheters, guidewires, sheath introducers and accessories. The transradial access procedure can detect the blockage in a heart artery in a person who is suffering from the disease and pain. This procedure can also assist the doctors and healthcare providers to determine the plan for treatment.
Market scope and structure analysis:
Report Metric | Details |
Market size available for years | 2019–2027 |
Base year considered | 2019 |
Forecast period | 2020–2027 |
Forecast units | Value (USD) |
Segments covered | Product, Application, End User and Region. |
Geographies covered | North America (U.S. and Canada), Europe (Germany, UK, France, Spain, Italy and the Rest of Europe), Asia- Pacific (China, India, Japan, Australia and the Rest of Asia- Pacific), LAMEA (Brazil, South Africa, Saudi Arabia, Rest of LAMEA). |
Companies covered | Becton, Dickinson and Company, Terumo Corporation, Teleflex Incorporated, Smiths Group Plc., Edward Lifesciences Corporation, Medtronic, Merit Medical System, Boston Scientific, NIPRO Medical Corporation, AngioDynamics, Ameco Medical Industries, OSCOR. |
COVID-19 scenario analysis:
To take care of infected population, the demand for medical supplies is increasing. Respiratory support devices such as atomizer, life-support machine, oxygen generator, and monitor are among the majorly used medical devices in primary clinical treatment. Moreover, COVID-19 has led to a huge surge in demand for medical supplies such as personal protective equipment including masks, gloves, and protective eyeglasses. With rise in number of COVID-19 cases worldwide, the need for medical supplies keeps on rising among, both from healthcare professionals and civil population for precautionary measures. Manufacturers of these products have a chance to capitalize this increased demand of medical supplies to ensure adequate and continuous supply of personal protective equipment in the market. Considering these factors, COVID -19 is expected to have significant impact on Transradial Access Market.
Top Impacting factors:
- Factors such as rise in adoption for interventional procedures with radial access devices and increase in prevalence of lifestyle diseases is expected to boost the growth for the transradial access market.
- Increase in prevalence of obesity and cardiovascular diseases are some factors boosting the growth for the transradial access market.
- Rise in the usage of radial access devices in pediatric and oncology patients and increase in geriatric population in increasing the growth for the market.
- However, factors such as stringent regulatory policies, low reimbursement scenario and high procedure cost are expected to hinder the growth of market up to some extent over the forecast period.
New Product Launch / News:
- In 2020, Cordis, a Cardinal Health company started marketing the technologically advanced Railway Sheathless Access System in India this year. Cordis’ Railway System is indicated for use in radial artery procedures requiring percutaneous introduction of intravascular devices.
- In 2017, Medtronic announced a slew of new percutaneous coronary intervention devices it added to its portfolio, including the DxTerity diagnostic angiography catheter line, the DxTerity TRA, InTRAkit transradial devices and the TRAcelet compression device.
Key Segments Covered:
Segments | Sub-segments |
By Product |
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By Application |
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End Users |
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Region |
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Key benefits of the report:
- This study presents the analytical depiction of the transradial access market along with the current trends and future estimations to determine the investments.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the transradial access market share.
- The current market is quantitatively analyzed from 2020 to 2027 to highlight the Market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed Transradial Market analysis based on competitive intensity and how the competition will take shape in coming years.
Questions answered in the Transradial Market Report:
- What are the leading market players active in Transradial Access Market?
- What the current trends will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the market?
- What are the projections for the future that would help in taking further strategic steps?
- What Segments and region will drive the transradial access market growth & why?
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