The transradial access devices market is projected to witness a lucrative growth rate in the forthcoming years due to rising prevalence of obesity and increasing use across hospitals, ambulatory surgical centers, and clinics. Increasing incidences of cardiovascular diseases will also greatly contribute towards the market growth.

According to a study by the World Health Organization in 2017, nearly 17.9 million people die yearly owing to the rising prevalence of cardiovascular disorders across the globe. TRA or transradial access is progressively used for coronary procedures owing to a low rate of complications. Today, there are numerous advanced equipment as well as a technical expertise to treat peripheral lesions by TRA.

Transradial access might also be considered as the ideal access in selected peripheral anatomical subsets. Transradial access has further appeared as one of the predominant routes for performing coronary angiography as well as PCI across the globe.

In general, radial access equipment includes a micropuncture access kit comprising of a small gauge wire, catheter-over-needle-system or micropuncture needle and hydrophilic sheath; an exchange guidewire. Lastly, there is an adhesive film like Tegaderm mainly to secure the sheath and interventional guide catheters.

Based on product, the market for transradial access devices is classified into accessories, sheath and sheath introducers, guidewires, and catheter. In 2020, the accessories segment held around $363.1 million and is forecasted to progress at steady pace over the projected time period 2021-2027.

With respect to application, the transradial access devices market is bifurcated into diagnostic and testing, blood transfusion, fluid and nutrition administration, drug administration, and others. Among these, blood transfusion segment will witness growth of 4.9% over the forecast timeframe.

In terms of end-use, the overall transradial access devices market is categorized into ambulatory surgical centers, hospitals and clinics, and others. In 2020, ambulatory surgical centers accounted for an overall market share of 38.7% and is expected to showcase a promising growth rate through 2027.

From a regional frame of reference, the Latin America transradial access devices market accounted around 9.2% of the global industry share in 2020 and is projected to follow a robust growth trend over the coming years, with expanding healthcare sector in the region and medical tourism.

Meanwhile, the MEA transradial access devices market is anticipated to show steady CAGR of 5.1% during 2021-2027. The growing prevalence of cardiovascular disorders across UAE is expected to drive the regional market growth over the forecast time period.