Global Transradial Access Devices Market – Analysis and Forecast To 2024 | Ameco Medical, Smiths Medical,Medtronic PLC.

Transradial access devices are utilized in the endovascular or catheterization procedure to execute the analysis and treatment of any kind of arterial disease. Its kit includes various minor components such as catheters, accessories, sheaths and sheath introducers and guidewires. The global transradial access devices market is growing at a significant rate, due to mounting occurrence of lifestyle associated diseases and technological improvements. Different products contributed to the transradial access devices market size. The market has witnessed a high demand for catheters over the last few years due to budding amount of interventional and angiography procedures.

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Technological improvements, mounting healthcare expenditure and expanding geriatric population are also facilitating the growth for the transradial access devices market. For instance, according to WHO, globally in 2010 approximately 524 million people were aged 65 years and older and is expected to reach 1.5 billion in 2050.

The lack of skilled professionals, high costs involved in the placement and maintenance of vascular access devices, risks associated with radial access devices, and product recalls and failures are the major challenges for the growth of transradial access devices market.

Globally, the manufacturing companies trying to enter the transradial access devices market are required to maintain stringent regulatory standards. Moreover, the high level of capital requirement also poses a major barrier for the entry of new players. This offers an edge to the established players in the industry competition.

Mounting occurrence of cancer, upsurge in clinical trials and research for vascular access devices, expanding the geriatric population, improved healthcare infrastructure, and the increasing number of conferences and workshops are also up surging the growth of the North American transradial access devices market. For instance, according to the U.S. Census Bureau, in 2012 approximately 43.1 million people were aged 65 years and older in the U.S. and is expected to reach 83.7 million in 2050.

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Becton, Dickinson and Company, Merit Medical Systems, Terumo Corporation, Teleflex Incorporated, Boston Scientific Corporation, Ameco Medical, Smiths Medical, Nipro Medical Corporation, Medtronic PLC, Angiodynamics, Inc, Edward Lifesciences Corporation, and Oscor Inc. are the key players offering transradial access devices.

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