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Global Vascular Guidewires Market (2021-2026) by Material, Coating, Product, Application, End-User, Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis

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    Report

  • 182 Pages
  • April 2021
  • Region: Global
  • Infogence Global Research
  • ID: 5392884
The Global Vascular Guidewires Market is estimated to be USD 880.6 Mn in 2021 and is expected to reach USD 1280.9 Mn by 2026, growing at a CAGR of 7.9%.



Market Dynamics

The rising prevalence of cardiac diseases leading to increased cardiac procedures such as angioplasty endovascular aneurysm repair stent grafts, plaque modification devices, hemodynamic flow alteration devices, etc., are the major factors increasing the vascular guidewires market growth. In addition, the rising geriatric population, increasing unhealthy lifestyle, and increasing awareness of minimally invasive procedures have increased the vascular guidewires market. Furthermore, increasing healthcare expenditure and advanced medical technology in treating cardiac diseases are fuelling the market growth. However, the high cost of cardiac procedures and product recalls are anticipated to hinder the market growth.

Rising government initiatives in healthcare in emerging countries are expected to create new opportunities for the vascular guidewires market.

Market Segmentation

The Global Vascular Guidewires Market is segmented further based on Material, Coating, Product, Application, End-User, and Geography.

By Material, the market is classified into nitinol guidewires, stainless steel guidewires, and hybrid guidewires. Amongst all, the nitinol guidewires segment is estimated to hold the highest market share during the forecast period.

By Coating, the market is classified as Coating and non-coating. Amongst the two, the coating segment is estimated to hold the highest market share during the forecast period.

By Product, the market is classified as surgical guidewires and diagnostic guidewires. Amongst all, the surgical guidewires segment is estimated to hold the highest market share during the forecast period.

By Application, the market is classified as coronary, peripheral, urology, neurovascular, and others. Amongst all, the coronary segment is estimated to hold the highest market share during the forecast period.

By End User, the market is classified as hospitals, and ambulatory care centers (ACC). Amongst all, the hospital's segment is estimated to hold the highest market share during the forecast period.

By Geography, North America is projected to lead the market.

Recent Developments

1. Scientia Vascular, an innovator in the field of neurovascular treatment technology, received U.S. FDA clearance for its Zoom Wire 14 guidewire line of interventional guidewires, which are used to gain access during the ischemic and hemorrhagic stroke and other challenging neurovascular and peripheral vascular procedures. - 28th September 2020.
2. Philips introduces OmniWire, the world's first solid core pressure guidewire for coronary artery interventional procedures. - 17th August 2020.

Company Profiles

Some of the companies covered in this report are Terumo Medical Corporation, Boston Scientific Corporation, Abbott Laboratories, Asahi Intecc Co. Ltd, Cardinal Health, B. Braun Melsungen AG, AngioDynamics, etc.

Competitive Quadrant

The report includes a Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Why buy this report?
  • The report offers a comprehensive evaluation of the Global Vascular Guidewires Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
  • The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
  • The report includes an in-depth market analysis using Porter's 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
  • The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
  • The report also contains the competitive analysis using IGR Positioning Quadrants, Infogence's Proprietary competitive positioning tool.

Report Highlights:
  • A complete analysis of the market, including parent industry
  • Important market dynamics and trends
  • Market segmentation
  • Historical, current, and projected size of the market based on value and volume
  • Market shares and strategies of key players
  • Recommendations to companies for strengthening their foothold in the market
Frequently Asked Questions about the Global Vascular Guidewires Market

What is the estimated value of the Global Vascular Guidewires Market?

The Global Vascular Guidewires Market was estimated to be valued at $880.6 Million in 2021.

What is the growth rate of the Global Vascular Guidewires Market?

The growth rate of the Global Vascular Guidewires Market is 7.9%, with an estimated value of $1280.9 Million by 2026.

What is the forecasted size of the Global Vascular Guidewires Market?

The Global Vascular Guidewires Market is estimated to be worth $1280.9 Million by 2026.

Who are the key companies in the Global Vascular Guidewires Market?

Key companies in the Global Vascular Guidewires Market include Terumo Medical Corporation, Boston Scientific Corporation, Abbott Laboratories, Asahi Intecc Co. Ltd, Cardinal Health, B. Braun Melsungen AG, AngioDynamics, Johnson & Johnson and Olympus Corporation.

Table of Contents

1 Report Description
1.1 Study Objectives
1.2 Market Definition
1.3 Currency
1.4 Years Considered
1.5 Language
1.6 Key Shareholders
2 Research Methodology
2.1 Research Process
2.2 Data Collection and Validation
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Models
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Assumptions of the Study
2.5 Limitations of the Study
3 Executive Summary
3.1 Introduction
3.2 Market Size and Segmentation
3.3 Market Outlook
4 Market Influencers
4.1 Drivers
4.1.1 Increasing Prevalence of Target Cardiovascular Diseases
4.1.2 Rising Applications of Guidewires
4.1.3 Favorable Reimbursement Policy
4.2 Restraints
4.2.1 High Investment Cost and Rising Recall of Products
4.2.2 Stringent Government Regulation for Medical Devices
4.3 Opportunities
4.3.1 Continuous Product Launches by Market Players
4.3.2 Increasing Adoption of Minimally Invasive Surgical Procedures
4.4 Challenges
4.4.1 Lack Of Skilled Professional and High-Cost Procedures
4.4.2 Availability of Alternate Treatment
4.5 Trends
5 Market Analysis
5.1 Regulatory Scenario
5.2 Porter’s Five Forces Analysis
5.3 Impact of COVID-19
5.4 Ansoff Matrix Analysis
6 Global Vascular Guidewires Market, By Material
6.1 Introduction
6.2 Nitinol Guidewires
6.3 Stainless Steel Guidewires
6.4 Hybrid Guidewires
7 Global Vascular Guidewires Market, By Coating
7.1 Introduction
7.2 Coating
7.2.1 Hydrophilic Coating
7.2.2 Hydrophobic Coating
7.3 Non-Coating
8 Global Vascular Guidewires Market, By Product
8.1 Introduction
8.2 Surgical Guidewires
8.2.1 Hydrophilic Surgical Guidewires
8.2.2 Hydrophobic Surgical Guidewires
8.3 Diagnostic Guidewires
8.3.1 Hydrophilic Diagnostic Guidewires
8.3.2 Hydrophobic Diagnostic Guidewires
9 Global Vascular Guidewires Market, By Application
9.1 Introduction
9.2 Coronary
9.3 Peripheral
9.4 Urology
9.5 Neurovascular
9.6 Others
10 Global Vascular Guidewires Market, By End User
10.1 Introduction
10.2 Hospitals
10.3 Ambulatory Care Centers (ACC)
11 Global Vascular Guidewires Market, By Geography
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.2.3 Mexico
11.3 South America
11.3.1 Brazil
11.3.2 Argentina
11.3.3 Chile
11.3.4 Colombia
11.4 Europe
11.4.1 UK
11.4.2 France
11.4.3 Germany
11.4.4 Italy
11.4.5 Spain
11.4.6 Netherlands
11.4.7 Sweden
11.4.8 Russia
11.4.9 Rest of Europe
11.5 Asia-Pacific
11.5.1 China
11.5.2 Japan
11.5.3 India
11.5.4 Indonesia
11.5.5 Malaysia
11.5.6 South Korea
11.5.7 Australia
11.5.8 Sri Lanka
11.5.9 Thailand
11.5.10 Rest of APAC
11.6 Middle-East and Africa
11.6.1 Qatar
11.6.2 Saudi Arabia
11.6.3 South Africa
11.6.4 United Arab Emirates
12 Competitive Landscape
12.1 Competitive Quadrant
12.2 Market Share Analysis
12.3 Strategic Initiatives
12.3.1 M&A and Investments
12.3.2 Partnerships and Collaborations
12.3.3 Product Developments and Improvements
13 Company Profiles
13.1 Terumo Medical Corporation
13.2 Boston Scientific Corporation
13.3 Abbott Laboratories
13.4 Asahi Intecc Co. Ltd
13.5 Cardinal Health
13.6 B. Braun Melsungen AG
13.7 AngioDynamics
13.8 Johnson & Johnson
13.9 Stryker Corporation
13.10 Olympus Corporation
13.11 Medtronic plc
13.12 Teleflex Incorporated
13.13 C. R. Bard, Inc.
13.14 Cook Medical Incorporated
13.15 Merit Medical Systems
13.16 Biotronik SE
13.17 Cordis Corporation
13.18 Koninklijke Philips N.V.
13.19 Nipro Corporation
13.20 Balton Sp. z o. o.
14 Appendix
14.1 Questionnaire

Companies Mentioned

  • Terumo Medical Corporation
  • Boston Scientific Corporation
  • Abbott Laboratories
  • Asahi Intecc Co. Ltd
  • Cardinal Health
  • B. Braun Melsungen AG
  • AngioDynamics
  • Johnson & Johnson
  • Stryker Corporation
  • Olympus Corporation
  • Medtronic plc
  • Teleflex Incorporated
  • C. R. Bard, Inc.
  • Cook Medical Incorporated
  • Merit Medical Systems
  • Biotronik SE
  • Cordis Corporation
  • Koninklijke Philips N.V.
  • Nipro Corporation
  • Balton Sp. z o. o.