Vascular Guidewires: Find Out Top Impacting Factor of Market Growth By Opportunity and Industry Forecast, 2014-2022

Global Vascular Guidewires Market was valued at $1,051 million in 2015, and is expected to reach $1,610 million by 2022, supported by a CAGR of 6.2% during the forecast period 2014 to 2022.A guidewire is a flexible wire (may also be a spring in some cases), which helps the surgeons for introduction and proper placement of a medical device (particularly prosthesis) into a patient’s body. The use of guidewires is essential during an interventional procedure as they assist a medical practitioner guide a medical device through the patient’s anatomy. Therefore, vascular guidewires are used during various surgical procedures such as placement of angioplasty balloons, stents, and inferior vena cava filters.

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A guidewire is a long and flexible spring that assists the introduction and placement of implantable medical devices into a patients body. Vascular guidewires are used during various interventional cardiology procedures (including placement of angioplasty balloons, stents, and inferior vena cava filters) as they guide a surgeon for the correct placement of these devices.

Rise in prevalence of cardiovascular disorders, increase in geriatric population, demand for minimally invasive procedures, and rapid technological advancements in guidewires drive the market. However, risks and complications associated with guidewires, and availability of effective conventional treatment options restrict the market growth. Conversely, increase in use of nitinol in vascular guidewires and growth opportunities in the emerging economies of the Asia-Pacific and LAMEA regions are expected to provide several opportunities for the market growth during the forecast period.

Coronary guidewires segment is expected to maintain its dominant position throughout the analysis period, mainly due to due to the increase in prevalence of cardiac disorders globally. Peripheral guidewires segment is expected to grow at the highest CAGR of 7.7% from 2016-2022, owing to increased demand for minimally invasive procedures for peripheral interventions.

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North America accounted for majority of the share (nearly two-fifths) in the market in 2015, and is expected to remain dominant throughout the forecast period. This is attributed to the increase in incidence of cardiovascular diseases, unhealthy diet habits, lack of necessary physical activity, increase in the elderly population, and favorable reimbursement rates for interventional procedures. In addition, the high adoption rate of technologically advanced devices and presence of highly sophisticated healthcare infrastructure are anticipated to provide new growth opportunities for the key players in this market.

The major companies profiled in the report include

- Abbott Laboratories,
- B. Braun Melsungen AG,
- Biotronik SE & Co. KG,
- Boston Scientific Corporation,
- C. R. Bard, Inc.,
- Cardinal Health, Inc.,
- Cook Medical, Inc.,
- Medtronic plc,
- Terumo Corporation, and The Spectranetics Corporation.

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Table Of Content


Chapter: 1 INTRODUCTION

1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS FOR STAKEHOLDERS
1.3. KEY MARKET SEGMENTS
1.4. RESEARCH METHODOLOGY

1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models

Chapter: 2 EXECUTIVE SUMMARY

2.1. CXO PERSPECTIVE

Chapter: 3 MARKET OVERVIEW

3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS

3.2.1. Top investment pockets
3.2.2. Top winning strategies

3.2.2.1. Competitive intelligence of companies and their strategies

3.3. MARKET SHARE ANALYSIS, 2015
3.4. MARKET DYNAMICS

3.4.1. Drivers

3.4.1.1. Growing incidences of cardiac disorders and increasing geriatric population
3.4.1.2. Increasing patient awareness
3.4.1.3. Presence of high unmet medical needs

3.4.2. Restraints

3.4.2.1. Risks and complications associated with guidewires
3.4.2.2. Preference for drugs over treatment devices

3.4.3. Opportunities

3.4.3.1. Lucrative opportunities in emerging economies
3.4.3.2. Use of nitinol in vascular guidewires

3.4.4. Impact analysis

3.5. CLINICAL TRIALS

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