Therapeutic Medical Guide Wire Industry is expected to reach USD 3229.2 million by 2023 | Prominent Players as Cordis, Biotronik, SP Medical A S, Infiniti Medical & others

“Global Therapeutic Medical Guide Wire Market” report of Market Research Future explores Scope of the Study as Research Objective, Assumptions and Limitations in-depth. The report gives Market Dynamics by Drivers, Restraints, Opportunities, Challenges, Macroeconomic Indicators and Technology Trends & Assessment.

Therapeutic Medical Guide Wire Market - Scenario

Therapeutic medical guide wire is a medical device used in multiple surgical procedures such as, interventional cardiology, interventional radiology, gastroenterology, vascular surgery, and many others. The main purpose of guide wire is to guide the catheter for placement. They are made up of stainless steel metallic structures and are also available in the form of metallic alloys. Guide wires are simple spring type wires that provide firmness and control to the target site where angiogram is taken. Guide wire core can be of two types i.e. fixed cores to use in normal vascular system or movable cores for torturous vascular structures.

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Majorly, there are two type of guide wires, i.e. solid guide wire, and wrapped guide wire. Both the types has one end rigid and other end flexible. The flexible tip enters the blood vessel first to prevent damage to the vessel. The most prominent advantage of using solid guide wire is that it reduces the chances of catheter tip flaring, and abrasion of the vessel. On the other hand, wrapped guide wires are associated with the risks of catheter tip flaring, and danger of unravelling. However, wrapped guide wire has one advantage over solid guide wires i.e., it has a movable core that makes it more versatile.

Notably, growing preference towards minimally invasive surgical procedures, rising prevalence of chronic disorders, and technological advancements in medical guide wire are promoting the growth of therapeutic medical guide wire market globally. Increasing geriatric population also has a huge impact on the growth of the market. According to the report published in Centers for Disease Control and Prevention (CDC) in 2017, nearly 92.1 million adults dealing with at least one type of cardiovascular disease. Whereas in European region, chronic kidney disease (CKD) is found to be more prevalent. According to the study published in the Journal of the American Society of Nephrology in 2015, prevalence rate of CKD stages 1–5 is 3.31% in Norway, and 17.3% in northeast Germany. Whereas, prevalence rate of CKD stages 3–5 is 1.0% in Central Italy, and 5.9% in Northeast Germany

Despite these factors, lack of skilled physicians, and guide wire associated health problems may hinder the growth of the market over the forecast period. According to a case study published in Case Reports in Critical Care in 2016, few cases of injuries due to guide wires have been observed which further lead to end-stage renal disease (ESRD).

It is estimated that global therapeutic medical guide wire market is expected to grow at a CAGR of 5.9% during the forecast period 2017-2023.

Key Players:

Cordis (Cardinal Health), Biotronik, SP Medical A S, Infiniti Medical, Acme Monaco, Abbott Laboratories, Boston Scientific Corporation, Medtronic plc, Terumo Medical Corporation, Cook Medical, and others.

Regional Analysis of Therapeutic Medical Guide Wire Market:

The Americas dominate the therapeutic medical guide wire market owing to the high prevalence of chronic disorders, a well-developed technology, high healthcare expenditure, and the presence of the leading players. Due to high prevalence of the chronic conditions, companies, private organization, and government associations actively participate to control the increasing incidence of chronic conditions. CDC has stated that out of total annual healthcare expenditure i.e. USD 27 trillion, 86% is for people with chronic health conditions in the United States

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Europe holds the second position in the therapeutic medical guide wire market. It is expected that the support provided by the government bodies for research & development, a well-developed technology, and demand for minimally invasive surgical procedures drives the market in European region. According to the 2014 European Union statistics, bronchoscopy and colonoscopy were the two most common surgical procedures opted for diagnosis and treatment purpose in European region

Asia Pacific region is projected to be the fastest growing region during the forecast period. Rising burden of chronic disorders, and rapidly improving technology drives the growth of this market in Asia Pacific region. As per the study published in BMC Public Health in 2017, prevalence of type-2 diabetes, obesity, and cardiovascular disease has increased rapidly in recent years.

The Middle East and Africa holds the least share in the market owing to the presence of poor and slow developing countries, especially, in African region.

Therapeutic Medical Guide Wire Market - Segments

the global therapeutic medical guide wire market is segmented on the basis of type, shape, application, and end-users.

On the basis of type, the market is segmented into solid guide wire, and wrapped guide wire.

On the basis of shape, the market is classified into j-shaped, angled, and straight.

On the basis of application, the market is classified into peripheral artery disease, cardiovascular diseases, neurovascular diseases, and urological disease.

On the basis of end -users, the market is segmented into hospitals, clinics, and academic institutes.

Major TOC of Therapeutic Medical Guide Wire Market Research Report- Global Forecast till 2023

1 Report Prologue

2 Market Introduction

3 Research Methodology

4 Market Dynamics

5 Market Factor Analysis

6 Global Therapeutic Medical Guidewire by Type

7 Global Therapeutic Medical guidewire by Shape

8 Global Therapeutic Medical guidewire by Application

9 Global Therapeutic Medical guidewire by End Users

10 Global Therapeutic Medical guidewire by Regions

11 Competitive Landscape

12 Company Profiles

13 MRFR Conclusion

14 Appendix

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