Transradial Access Devices Market Size, Share, Growth Analysis, By Product (Catheters, Guidewires), By End-use (Hospitals, Clinics & Ambulatory Care Centers), By Application (Drug Administration, Fluid and Nutrition Administration), By Region - Industry Forecast 2025-2032

Transradial Access Devices Market size was valued at USD 2.11 Billion in 2023 and is poised to grow from USD 2.27 Billion in 2024 to USD 4.15 Billion by 2032, growing at a CAGR of 7.81% during the forecast period (2025-2032).

Increasing adoption of transradial access techniques by healthcare providers is expected to contribute significantly to the growth of the market. With several key factors such as increasing prevalence of cardiac arrest, technological advancement in cardiac arrest resulting from increased demand for intervention and minimally invasive surgery.

The increasing incidence of cardiovascular diseases across the globe is a major driver of the market. According to the World Health Organization (WHO), cardiovascular diseases are the leading cause of death worldwide, with an estimated 17.9 million deaths per year in 2021. Approximately 695,000 people died from cardiovascular disease in the U.S.

Advances in interventional cardiology have led to the development of new devices that have improved safety, efficacy, and patient outcomes e.g., the introduction of hydrophilic coatings on sheaths to reduce friction time inserting radial artery cannulation, increases procedural success rates. The shift towards minimally invasive therapies in various medical specialties is fueling the demand. Patients prefer minimally invasive surgery due to shorter hospital stay, faster recovery time and lower risk of complications compared to conventional open surgery. This trend has a positive impact on the techniques and devices for transradial access in clinical practice. In September 2023, for example, Microvention, a tissue manufacturer, and Terumo Corp. launched a joint venture partially, announced that its Sophia EX 5-F, 115-cm intracranial support catheter. This expanded range allows healthcare professionals to use the Sophia EX 5-F catheter in a wide variety of modalities, providing greater flexibility and versatility in patient treatment.