According to the research report titled, ‘Transradial Access Devices Market Size By Product (Catheters, Guidewires, Sheath & Sheath Introducer, Accessories), By Application (Drug Administration, Fluid & Nutrition Administration, Blood Transfusion, Diagnostic & Testing), By End-use (Hospitals & Clinics, Ambulatory Surgical Centers), Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027’, available with Market Study Report, global transradial access devices market is anticipated to showcase lucrative growth trends between 2021-2027.
 

Growing geriatric population, increasing use of radial access devices in pediatric patients, and rising preference for interventional procedures using radial artery access are key factors stimulating global transradial access devices market expansion.
 

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Furthermore, rising occurrence of cardiovascular disorders serves as a major growth propeller for the industry. In fact, the World Health Organization, approximately 17.9 million people died in 2019 from heart-related conditions. Besides, growing prevalence of obesity is also enhancing the industry remuneration scope. 
 

For the unversed, transradial access devices are primarily used in coronary procedures due to low rate of complications. These devices often come along with a micro puncture access kit which includes a hydrophilic sheath, small gauge wire, exchange guide wire, and catheter-over-needle-system. Apart from this, interventional guide catheters and an adhesive film such as Tegaderm are included as well.
 

Expert analysts claim that stringent regulatory framework, shortage of cardiothoracic surgeons in emerging economies, and high cost & maintenance of vascular access devices are poised to restrain the adoption of the devices in the upcoming years.
 

Based on product gamut, global transradial access devices industry is divided into catheters, sheath & sheath introducers, accessories, and guide wires. Among these, accessories segment was evaluated at USD 363.1 million in 2020 and is estimated to expand considerably between 2021-2027.
 

Speaking of application scope, the market sphere is fragmented into drug administration, blood transfusion, fluid & nutrition administration, diagnostics & testing, and others. Among these, blood transfusion segment is anticipated to record 4.9% CAGR through 2027.
 

Moving on to end user spectrum, the business sphere is bifurcated into ambulatory surgical centers, hospitals & clinics, and others.  Among these, the foremost segment held 38.7% industry share in 2020 and is speculated to showcase lucrative growth trends over the forecast duration.
 

Regionally speaking, Latin America held 9.2% of global transradial access devices industry share in 2020 and is anticipated to serve as lucrative growth avenue over the analysis timeframe owing to increasing medical tourism, and expanding healthcare sector in the region.

Meanwhile, Middle East & Africa market is projected to expand rapidly between 2021-2027 due to increasing occurrence of cardiovascular disorders in UAE.
 

Key players profiled in report are Terumo Corporation, Medtronic plc, Ameco Medical Industries, Teleflex Inc., AngioDynamics Inc., Smiths Group plc, Becton Dickinson and Company, Oscor Inc., Boston Scientific Corporation, Merit Medical Systems Inc., Nipro Medical Corporation, and Edwards Lifesciences Corporation.