Transradial Access Devices Industry Statistics

In this post, we will explore the latest statistics and insights surrounding the transradial access devices industry. From the market size and expected growth rates to regional dominance and key players, we will delve into the dynamics shaping this evolving sector. Stay tuned to gain a comprehensive understanding of the trends driving the global transradial access devices market.

Statistic 1

"The global transradial access devices market size was valued at USD 1.89 Billion in 2019"

Statistic 2

"The market is expected to expand at a CAGR of 8.4% during the forecast period from 2018 to 2025"

Statistic 3

"North-America dominates the transradial access devices market, holding the largest share globally"

Statistic 4

"China is witnessing rapid growth in the adoption of transradial access devices due to expansive healthcare reforms"

Statistic 5

"The interventional cardiology segment holds the most substantial proportion of the market share in 2018"

Statistic 6

"Japan is anticipated to represent the highest lucrative regional market due to the advancements in healthcare technologies"

Statistic 7

"The launch of Medtronic's transradial access platform in 2018 expected to fuel the demand for the device"

Statistic 8

"In 2019, Japan was the largest revenue-generating region in Asia-Pacific for the transradial access devices market"

Statistic 9

"The global transradial access devices market had a volume of 11.5 million units in 2020"

Statistic 10

"In 2020, the global transradial access market was led by North America with 37.9% market share"

Statistic 11

"The volume of the transradial access devices market is expected to reach 21.2 million units by 2027"

Statistic 12

"There is a high demand for sheaths and sheath introducers in hospitals and clinics"

Statistic 13

"Companies such as Terumo Corporation hold a significant share of the transradial access devices market"

Statistic 14

"The transradial access devices market in India is growing at a significant rate and is expected to reach $410 million by 2025"

Statistic 15

"Medical imaging centers are expected to register the highest growth over the forecast period"

Statistic 16

"As of 2018, the angiography application segment held the largest market share of around 41%"

Statistic 17

"Cardiology treatment is expected to witness the highest growth during the forecast period in the transradial access devices market"

The global transradial access devices market has shown significant growth and evolution in recent years, with key regions like North America and Japan leading the way in market dominance and revenue generation. The expanding adoption of transradial access devices in countries like China and India, along with advancements in healthcare technologies, are driving market growth. The continued development and introduction of innovative products by major players such as Medtronic and Terumo Corporation are expected to further boost market demand. With projections indicating continued expansion in market size and volume, particularly in segments like medical imaging centers and cardiology treatment, the future looks promising for the transradial access devices industry.