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Guidewires Market Size

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Global guidewires market is expected to grow at a significant pace from 2016 to 2024 owing to rising number of diseases related to cardiovascular and neurovascular among the geriatric population.
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Guidewires Market Analysis, Size, Share, Growth, Industry Trends
and Forecast to 2024 - Hexa Research
" Global Guidewires Market is expected to grow at a
significant pace from 2016 to 2024 owing to rising
number of diseases related to cardiovascular and
neurovascular among the geriatric population."
Guidewires are flexible tubes used to guide a catheter to a diseased artery in the heart. They are used for the
diagnosis of cardiovascular diseases. It will face huge demand due to the recent trend of minimally invasive
procedures. Benefits of these procedures such as fast recovery, reduced hospital stay, and a painless surgical
experience will favor the Guidewires Market.
The growing geriatric population and presence of prevalent coronary diseases are factors that can result in
increased demand. The guidewires market is projected to grow at a rapid rate from 2016 to 2024 (forecast
phase). Reservations by reimbursement companies will hamper the market growth.
Coronary, peripheral, neurovascular, and urology guidewires are the 4 products currently offered in the market.
All these products will be of prominent use in the medical sector in the years ahead. In 2013, Terumo
Corporation dominated the peripheral guidewires market on account of its expansive product portfolio.
Additionally, prominent players of neurovascular guidewires include ASAHI INTECC and Codman Neurovascular.
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Regions include North America, Latin America, Asia Pacific, Europe, and Middle East & Africa (MEA). North
America will lead the guidewires market over the next eight years. This can be attributed to the advanced
health infrastructure and cardiovascular and neurovascular diseases in the region. Presence of large
manufacturers and their respective specialty products will also favor the regional market growth. Asia Pacific
will be the fastest growing market, owing its growth to the economies of China and India.
Research and development play a key role pertaining to the growth of the global market. The companies
involved have tried to create cost-effective products to prevent any product recalls. Tip shape retention and
flexibility are the prime requirements of health practitioners while handling guidewires. Well -known players in
the market are ASAHI INTECC, Terumo Corporation, Boston Scientific Corporation, and Abbott Laboratories.
New product launches and collaborations with healthcare practitioners are a common strategy followed by
these players. For instance, Boston Scientific has launched Safari preshaped TAVI guidewires, Fathom Steerable
Guidewires, choice Floppy guidewires, Journey Guidewire, and Kinetix Guidewires. The Fathom series has
advanced micro fabrication technology which can be used to treat tortuous vasculature. Safari series can retain
its shape and comes in three sizes.
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Table of Content of Guidewires Market
Chapter 1 Methodology and Scope
1.1. Research Methodology
1.1.1. Initial data exploration
1.1.2. Statistical modeling and forecast
1.1.3. Industry insights and validation
1.2. List of Data Sources
Chapter 2 Executive Summary
2.1. Guidewires industry 3600 synopsis, 2016 - 2024
2.1.1. Business trends
2.1.2. Application trends
2.1.3. Regional trends
Chapter 3 Guidewires Industry Insights
3.1. Industry segmentation
3.2. Industry size, forecast and growth prospects, 2016 - 2024
3.3. Guidewires industry dynamics
3.3.1. Growth drivers
3.3.1.1. Minimally invasive surgery demand
3.3.1.2. Increasing lifestyle-related diseases
3.3.1.3. Growing geriatric population base
3.3.2. Industry pitfalls & challenges
3.3.2.1. Cost concerns
3.3.3. Peripheral guidewires
3.3.3.1. Growth drivers
3.3.3.1.1. Technological innovation
3.3.3.1.2. Peripheral vascular disease prevalence
3.3.3.2. Porter’s analysis
3.3.4. Coronary guidewires
3.3.4.1. Growth drivers
3.3.4.1.1. Technological innovation
3.3.4.1.2. Cardiovascular disease prevalence
3.3.4.2. Porter’s analysis
3.3.5. Urology guidewires
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3.3.5.1. Growth drivers
3.3.5.1.1. Technological innovation
3.3.5.1.2. Growing urology disorders
3.3.5.2. Porter’s analysis
3.3.6. Neurovascular guidewires
3.3.6.1. Growth drivers
3.3.6.1.1. Technological innovation
3.3.6.1.2. Growing urology disorders
3.3.6.2. Porter’s analysis
3.4. Key market growth opportunities
3.5. Company market share analysis, 2016
3.5.1. Peripheral guidewires
3.5.2. Coronary guidewires
3.5.3. Urological guidewires
3.5.4. Neurovascular guidewires
3.5.5. Company strategy insights
3.6. PESTEL analysis
3.7. Guidewires product landscape
3.7.1. Peripheral guidewires
3.7.1.1. Market estimates & forecasts, (Volume & Revenue), 2016 - 2024
3.7.1.2. Price trend, 2016 - 2024
3.7.1.3. Regional insights
3.7.2. Coronary guidewires
3.7.2.1. Market estimates & forecasts, (Volume & Revenue), 2016 - 2024
3.7.2.2. Price trend, 2016 - 2024
3.7.2.3. Regional insights
3.7.3. Urological guidewires
3.7.3.1. Market estimates & forecasts, (Volume & Revenue), 2016 - 2024
3.7.3.2. Price trend, 2016 - 2024
3.7.3.3. Regional insights
3.7.4. Neurovascular guidewires
3.7.4.1. Market estimates & forecasts, (Volume & Revenue), 2016 - 2024
3.7.4.2. Price trend, 2016 - 2024
3.7.4.3. Regional insights
Chapter 4 Guidewires Product Insights
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4.1. Raw material insights
4.1.1. Hydrophilic coating
4.1.2. PTFE
4.1.3. Nitinol
4.1.4. Stainless steel
4.1.5. Titanium
4.1.6. Tungsten
4.2. Major suppliers
4.3. Vendor-product matrix
4.3.1. Peripheral guidewires
4.3.2. Coronary guidewires
4.3.3. Urological guidewires
4.3.4. Neurovascular guidewires
4.4. Pipeline products
4.5. Unmet needs landscape
4.5.1. Calcified angulated total occlusion management
4.5.2. Improved flexibility
4.5.3. Guide support
4.5.4. Profile
4.5.5. Withstanding deformation
4.5.6. Tip shape retention
4.5.7. Versatile wire requirement
4.5.8. Safety
4.5.9. Need for stiffer alloy versions
4.5.10. Minimum distal wire perforation
4.6. Technology landscape
4.6.1. Peripheral guidewires
4.6.2. Coronary guidewires
4.6.3. Urological guidewires
4.6.4. Neurovascular guidewires
Chapter 5 Guidewires Regional Insights
5.1. Guidewires market share by region, 2016 & 2024
5.2. North America
5.2.1. Market volume estimates and forecasts by product, 2016 - 2024
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5.2.2. Market revenue estimates and forecasts by product, 2016 - 2024
5.3. Europe
5.3.1. Market volume estimates and forecasts by product, 2016 - 2024
5.3.2. Market revenue estimates and forecasts by product, 2016 - 2024
5.4. Asia Pacific
5.4.1. Market volume estimates and forecasts by product, 2016 - 2024
5.4.2. Market revenue estimates and forecasts by product, 2016 - 2024
5.5. Latin America
5.5.1. Market volume estimates and forecasts by product, 2016 - 2024
5.5.2. Market revenue estimates and forecasts by product, 2016 - 2024
5.6. MEA
5.6.1. Market volume estimates and forecasts by product, 2016 - 2024
5.6.2. Market revenue estimates and forecasts by product, 2016 – 2024
Chapter 6 Competitor Profiles
6.1. Abbott Vascular
6.2. AngioDynamics
6.3. Asahi Intecc
6.4. B. Braun Melsungen
6.5. Boston Scientific
6.6. Codman Neurovascular
6.7. Cook Medical
6.8. Cordis Corp
6.9. Covidien
6.10. Medtronic, Inc
6.11. Stryker
6.12. Terumo Medical Corporation
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