The preference for radial artery access for interventional operations is steadily rising around the world. The numerous advantages of this approach in transarterial chemoembolization, in cancer treatment, are fuelling the surge in the preference for transradial access devices. Moreover, the suitability of the procedure for a wide range of patients, such as morbidly obese patients, those suffering from severe peripheral vascular diseases, elderly (especially women), and those on oral anticoagulation medicines, and thus, at an extremely high risk of vascular access site bleeding, makes these devices highly sought-after.
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Moreover, the lower cost and favorable clinical outcomes of the transradial access procedure, as compared to the transfemoral approach, is expected to reduce healthcare expenses, especially in the emerging economies. Therefore, the global transradial access devices market is expected to witness an increase in its valuation from $14.9 billion in 2017 to $24.1 billion by 2023, at a CAGR of 8.4% during the forecast period (2018–2023). Transradial access simply means to snake a catheter or tube into the body via the radial artery, which runs through the forearm.
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The transradial access devices market is currently witnessing the rising number of collaborations of manufacturing companies with medical device preprocessing firms, shifting focus toward the development of robotic-assisted catheter systems, and increasing activities of the prominent companies in developing countries. In addition to this, the major companies are also launching innovative products in order to better serve customers and the medical cause. For instance, Teleflex Incorporated received the 510(k) clearance from the United States Food and Drug Administration (USFDA) in 2017 for its Spectre Guidewire and Twin-Pass Torque Dual Access Catheter.
Therefore, it can be concluded that the demand for transradial access devices is set to skyrocket in the coming years, owing to the numerous advantages offered by them over snaking a catheter or tubing through the femoral vein in the thigh.
