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How has the market size evolved in recent years?

In recent times, there has been a significant expansion in the market size of transradial access products. The market, valued at $2.20 billion in 2024, is projected to surge to $2.49 billion in 2025, indicating a compound annual growth rate (CAGR) of 12.9%. Factors such as a growing occurrence of chronic illnesses, increased aging population, a rise in cardiovascular disease cases, an upswing in lifestyle-related disorders and cardiovascular conditions, as well as heightened consciousness about the advantages of radial access, have contributed to growth in this period.

What are the predictions for the market size in the coming years?

In the coming years, the market for transradial access products is predicted to experience substantial growth, with the market size projected to reach $3.99 billion by 2029, growing at a compound annual growth rate (CAGR) of 12.5%. The anticipated growth during this forecast period can be credited to a rising demand for minimally invasive procedures, an increase in cancer cases, a heightened preference for vascular access devices, growth in heart disease and obesity, and an escalation in chronic disease prevalence. Significant trends expected throughout this period encompass advancements in treatment technology, the embracing of transradial access techniques, the implementation of transradial access techniques and devices in clinical practice, the intrusion of new technology, and the advancement of peripheral intervention technologies.

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Which key drivers are propelling the market’s growth?

The escalating occurrence of cardiovascular disorders is predicted to boost the expansion of the market for transradial access products. This rise can be attributed to lifestyle choices including a lack of exercise, poor diet, overweight, tobacco usage, excessive alcohol intake, and older age. These factors contribute to hypertension, diabetes, and other risks. Transradial access products, used in minimally invasive catheterization procedures, offer benefits including fewer complications, better patient comfort, and faster recovery times. The Australian Institute of Health and Welfare reported in December 2023 that deaths certified by medical professionals due to coronary heart disease increased to 14,900 in 2022. Thus, this surge of cardiovascular disorders bolsters the market growth of transradial access products. Growth in obesity incidents is another determinant for the expansion of the transradial access products market. Obesity, a medical condition marked by excess body fat, elevates the risk of health complications like heart disease, diabetes, and hypertension. The rising cases of obesity are due to inactive lifestyles, diet high in calories, consumption of processed foods, and the decline of physical activity. Transradial access products benefit obese patients by enabling minimally invasive vascular procedures through the radial artery, which decrease complications, improve patient comfort, and favor better medical results for individuals with higher Body Mass Indexes (BMIs). As per the US-based Centers for Disease Control and Prevention’s data from September 2023, there was a rise in the adult obesity rate to 35% or more in 22 states in 2022 from 19 states in 2021. Thus, the growing cases of obesity are propelling the market for transradial access products.

How is the global market divided into key segments?

The transradial access products market covered in this report is segmented –

1) By Product: Catheter, Guidewire, Sheath, Other Products

2) By Application: Diagnostic And Interventional, Drug Administration, Blood Transfusion, Other Applications

3) By End-User: Hospitals And Clinics, Ambulatory Surgical Centers, Other End Users

Subsegments:

1) By Catheter: Diagnostic Catheters, Guiding Catheters, Balloon Catheters

2) By Guidewire: Hydrophilic Guidewires, Nitinol Guidewires, Stainless Steel Guidewires

3) By Sheath: Introducer Sheaths, Radial Sheath Sets, Hydrophilic-Coated Sheaths

4) By Other Products: Hemostatic Devices, Compression Bands, Vascular Closure Devices

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Who are the key firms paving the way for growth in the market?

Major companies operating in the transradial access products market are Johnson & Johnson, Abbott Vascular, Medtronic plc, Becton Dickinson and Company, Stryker Corporation, Boston Scientific Corporation, Terumo Corporation, Edwards Lifesciences Corporation, Teleflex Incorporated, Cook Medical, Biotronik SE & Co., Smiths Medical, Merit Medical Systems Inc., Penumbra Inc., Angiodynamics Inc., Oscor Inc., Asahi Intecc Co. Ltd., Nipro Medical Corporation, Vascular Solutions Inc., TherOx Inc.

How are evolving market trends shaping Strategies?

Leading businesses functioning in the transradial access products market are prioritizing the creation of novel products such as peripheral support catheters to augment procedural efficacy and enhance patient results. A peripheral support catheter is a unique type of catheter that offers additional assistance and stability during intricate peripheral vascular interventions, for example, negotiating with chronic total obstructions or traversing winding arteries. For example, in December 2024, Terumo Interventional Systems (TIS), an arm of the US-based medical technology firm Terumo Corporation, premiered its R2P NaviCross Peripheral Support Catheter. This offers a comprehensive array of interventional products, featuring catheters, guidewires, sheaths, among other devices utilized in cardiovascular and peripheral procedures. The R2P NaviCross Peripheral Support Catheter is constructed to back guidewires and enhance navigation during complex peripheral vascular procedures, facilitating the crossing of challenging lesions and reaching problematic areas in peripheral arteries.

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What regions are contributing significantly to the growth of the market?

North America was the largest region in the transradial access products market in 2024. The regions covered in the transradial access products market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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