Pune, India -- (SBWIRE) -- 04/11/2018 -- Global Transradial Access Market is expected to reach USD 2.62 Billion by 2025, from USD 1.49 Billion in 2017 growing at a CAGR of 7.3% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2017, the base year of calculation is 2017 and the forecast period is 2018 to 2025.

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Major Market competitors/players:

Some of the major players operating in the global transradial access market are Becton Dickinson and Company Group plc, Terumo Corporation, Teleflex Incorporation, Baxter International Inc, Smiths Group plc, Edwards Lifesciences Corporation, Medtronic, Merit Medical Systems Inc, Boston Scientific Corporation, Nipro Corporation, AngioDynamics, OSCOR Inc, Ameco Medical Industries, St. Jude Medical Inc, among others.

Major Market Drivers and Restraints:

- Awareness towards the obesity and heart related problems.
- Increase in the use of chemotherapy.
- Development of interventional procedures using radial artery access
- Increased investment in research and development of technology
- Downward pricing pressure owing to its commodity nature
- Increase in prevalence of obese patients

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Market Definition: Global Transradial Access Market

This market report defines the market trends and forecast the upcoming opportunities and threats of the transradial access market in the next 8 years. Transradial access is an endovascular procedure to diagnose and treat arterial diseases. Transradial Access is used in coronary procedures because of low rate of complications. It is associated with fewer site complications as compared to trans-brachial access. It is a first choice of treatment for lesions in left internal carotid artery stenosis in a bovine aortic arch or right internal carotid artery stenosis in a type III aortic arch, renal or mesenteric artery stenosis and in iliac artery lesions.

Transradial access is the alternative peripheral and cerebrovascular interventions when femoral access is precluded. In May 2014, Terumo BCT, entered into a business relationship with Kaneka to gain market authorization in the United States for the use of the terumo BCT spectra optia apheresis system with the kaneka liposorber LA-40S LDL adsorption column for cardiologists treating patients with high cholesterol.

In March 2014, Terumo Corporation entered into acquisition agreement for the treatment of coronary artery disease with arterial remodeling technologies, the agreement is for bioresorbable scaffold which is useful in treatment of angina pectoris, myocardial infarction, and other coronary events caused by blood vessels around the heart that are stenosed or blocked. In December 2016, Terumo Corporation, entered into acquisition agreement with Abbott and St. Jude Medical, Inc. Based on the agreement Terumo will acquire St Jude Medical's Angio-Seal and FemoSeal vascular closure product lines and Abbott's Vado Steerable Sheath.

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Market Segmentation: Global Transradial Access Market

- The global transradial access market is segmented on basis of product, application, end users and geography.

- Based on product the global transradial access is segmented into catheters, guidewires, sheath and sheath introducers and accessories.

- Based on the application the global transradial access is segmented into fluid and nutrition administration, blood transfusion, diagnostics and testing, and drug administration.

- On the basis of end users the global transradial access market is segmented into hospitals, cardiac centers, community healthcare. Based on distribution channel the market is segmented into retail and direct tenders.

- Based on geography the global transradial access market report covers data points for 28 countries across multiple geographies namely North America & South America, Europe, Asia-Pacific and, Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa and, Brazil among others.

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