The Vascular Guidewire market is anticipated to grow with a CAGR of % over the forecast period of 2020-2028. Guidewires are an integral part of vascular surgeries that are utilized to access target vessels, cross lesions, and deliver definitive surgical therapy. There is a wide range of choices in guidewires, as different clinical presentations require different device attributes. The correct selection of a guidewire can improve crossing success, device delivery, limit cost, and limit the risk of vascular injury from the distal wire tip or wire shaft buckling. The guidewires assist a medical practitioner during the surgical intervention and guide the medical device through the patient’s anatomy. Therefore, vascular guidewires serve a great purpose during various surgical procedures. These include placement of angioplasty balloons, angioplasty stents, endovascular aneurysm repair stent grafts, plaque modification devices, hemodynamic flow alteration devices, and inferior vena cava filters. The increasing number of chronic conditions, including heart surgeries, orthopedic interventions, etc., is expected to drive the market widely in the future. Furthermore, the rising geriatric population and decrease in the quality of lifestyle, which leads to chronic ailments are expected to anticipate the market growth immensely in the forecast period.
Top Driver: Increasing Number of Chronic Diseases to Anticipate the Market Growth
The rising number of chronics diseases, mostly including related heart and neurological conditions, could be a primary market driver. The growing cases of angioplasty, plaque modification surgeries, and endovascular aneurysm repair are expected to propel market growth in the future. Such conditions generally occur in various conditions, including improper lifestyle an unhealthy diet. Due to these factors, various age groups require heart interventions that may drive the market in the forecast period. However, the high cost of surgical interventions could be a major restraint for the market in the forecast period.
Coronary Guidewires Segment to Occupy the Largest Market Share
Based on application, the market is segmented into Coronary Guidewires, Peripheral Guidewires, Urology Guidewires, Neurovascular Guidewires. The coronary guidewires accounted for the largest market share owing to the rising cardiac interventions across the globe. Moreover, the growing prevalence of minimally invasive surgical procedures is expected to drive the market in the forecast period. The rising geriatric population, which is widely prone to various chronic heart diseases, is also expected to fuel the segment widely in the forecast period. Based on the coating, the market is segmented into coated and uncoated. Based on end-use, the market is segmented into hospitals, clinics, ambulatory surgical centers, and others.
North America To Occupy the Largest Market Share
North America occupied the largest market share owing to the increasing technological advancements in the region and decreasing lifestyle quality due to which people are affected due to chronic diseases. The Asia Pacific region is expected to witness huge growth is due to the rising geriatric population in the region, and growing healthcare setups across APAC. Europe is expected to show steady growth in the forecast period.
Players to Invest in the R&D to Develop Innovative Products
The global Vascular Guidewiremarket is expected to grow with a significant CAGR due to the presence of various companies including Abbott Laboratories, B. Braun Melsungen AG, Becton, Dickinson, and Company (C.R. Bard), Biotronik SE & Co. KG, Boston Scientific Corporation, Cardinal Health, Inc., Cook Medical Inc., Olympus Corporation, and Terumo Corporation, Stryker Corporation, and others which are developing new products to drive the market growth. various key players are into mergers and acquisitions that may anticipate market growth.
Asahi Intecc: In July 2018, Asahi Intecc acquired RetroVascular for USD 25.9 million. RetroVascular is a California-based firm that developed cardiological tools for percutaneous transluminal coronary angioplasty procedures.
1. It provides a technological development map over time to understand the growth rate of the industry.
2. The report offers a dynamic method to various factors that drive or restrain the growth of the market.
3. It renders a definite analysis for changing competitive dynamics.
4. It builds a seven-year estimate based on how the market is predicted to grow.
Top Driver: Increasing Number of Chronic Diseases to Anticipate the Market Growth
The rising number of chronics diseases, mostly including related heart and neurological conditions, could be a primary market driver. The growing cases of angioplasty, plaque modification surgeries, and endovascular aneurysm repair are expected to propel market growth in the future. Such conditions generally occur in various conditions, including improper lifestyle an unhealthy diet. Due to these factors, various age groups require heart interventions that may drive the market in the forecast period. However, the high cost of surgical interventions could be a major restraint for the market in the forecast period.
Coronary Guidewires Segment to Occupy the Largest Market Share
Based on application, the market is segmented into Coronary Guidewires, Peripheral Guidewires, Urology Guidewires, Neurovascular Guidewires. The coronary guidewires accounted for the largest market share owing to the rising cardiac interventions across the globe. Moreover, the growing prevalence of minimally invasive surgical procedures is expected to drive the market in the forecast period. The rising geriatric population, which is widely prone to various chronic heart diseases, is also expected to fuel the segment widely in the forecast period. Based on the coating, the market is segmented into coated and uncoated. Based on end-use, the market is segmented into hospitals, clinics, ambulatory surgical centers, and others.
North America To Occupy the Largest Market Share
North America occupied the largest market share owing to the increasing technological advancements in the region and decreasing lifestyle quality due to which people are affected due to chronic diseases. The Asia Pacific region is expected to witness huge growth is due to the rising geriatric population in the region, and growing healthcare setups across APAC. Europe is expected to show steady growth in the forecast period.
Players to Invest in the R&D to Develop Innovative Products
The global Vascular Guidewiremarket is expected to grow with a significant CAGR due to the presence of various companies including Abbott Laboratories, B. Braun Melsungen AG, Becton, Dickinson, and Company (C.R. Bard), Biotronik SE & Co. KG, Boston Scientific Corporation, Cardinal Health, Inc., Cook Medical Inc., Olympus Corporation, and Terumo Corporation, Stryker Corporation, and others which are developing new products to drive the market growth. various key players are into mergers and acquisitions that may anticipate market growth.
Asahi Intecc: In July 2018, Asahi Intecc acquired RetroVascular for USD 25.9 million. RetroVascular is a California-based firm that developed cardiological tools for percutaneous transluminal coronary angioplasty procedures.
Scope of the Report
By Application
- Coronary Guidewires
- Peripheral Guidewires
- Urology Guidewires
- Neurovascular Guidewires
By Coating
- Coated
- Uncoated
By End-User
- Hospitals
- Clinics
- Ambulatory surgical centers
- Others
By Region
- North America
- Europe
- Asia Pacific
- Rest of the World
Key Reasons to Purchase this Report
1. It provides a technological development map over time to understand the growth rate of the industry.
2. The report offers a dynamic method to various factors that drive or restrain the growth of the market.
3. It renders a definite analysis for changing competitive dynamics.
4. It builds a seven-year estimate based on how the market is predicted to grow.
Note: Product cover images may vary from those shown
Chapter 1 Overview And Scope
Chapter 2 Our Research Practice
Chapter 3 Executive Summary
Chapter 4 Covid-19 Impact Analysis
Chapter 5 Global Vascular Guidewire Market Forces
Chapter 6 Global Vascular Guidewire Market -Industry Snapshots
Chapter 7 Global Vascular Guidewire Market Analysis, by Application
Chapter 8 Global Vascular Guidewire Market Analysis, by Coating
Chapter 9 Global Vascular Guidewire Market Analysis, by End User
Chapter 10 Vascular Guidewire Market Analysis by Region
Chapter 11 Market Competition Analysis
Chapter 12 Company Profiles- Snapshot
List of Tables
List of Figures
Note: Product cover images may vary from those shown
LOADING...
