Published by linker 5
Posted on February 10, 2021
3 min readLast updated: January 21, 2026
Major market players are engaged in launching compact, ultra-modern devices with the purpose of targeting diverse end users. Transradial Closure Devices Demand to Swell Due to Rising Cases of Cardiovascular Diseases: Future Market Insights
The global transradial closure devices market will record a CAGR of 6.5% amid the forecast period, 2020-2030. The market will be foreseeing increasing demand from healthcare clinics, independent catheterization centers, and hospitals as it decreases the risk of major access site bleeding.
“RA (Transradial access) being connected to less complications, is majorly favored by the several end users for instance hospitals, ASCs, and others. In the forthcoming years, the application of these devices will thus soar particularly since patients are more willing to spend on procedures that ascertains shorter hospital stays” concludes an FMI analyst.
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Key Highlights
Drivers
Restraints
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COVID-19 Impact on the Market
The transradial closure devices market has been hampered due to COVID-19 imposed lockdown. On the other hand, as the virus might have caused cardiovascular concerns, which ensued in upwelling demand in specialized clinics, hospitals, along with other segments. The market has high prospects to overpower the threats positioned by the ongoing outbreak and expand further in the approaching years.
Competitive Landscape
As the global transradial closure devices market is extremely competitive, the prominent market players are engaged in launching advanced technologies as well as devices. Leading market players in the global market includes Merit Medical, Inc., Fisher & Paykel Healthcare Corporation Ltd., Abbott Laboratories, Advanced Vascular Dynamics, Vascular Solution Inc., Beijing Demax Medical Technology Co., Ltd. and Comed B.V.
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