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Global Pressure Guidewire Market 2022: North America Anticipated to be the Most Lucrative Regional Market

12-22-2022 11:34 AM CET | Health & Medicine

Press release from: Persistence Market Research

The pressure guidewires market is expected to experience significant growth in 2022. Pressure guidewires are medical devices that are used in the diagnosis and treatment of various cardiovascular conditions, such as coronary artery disease and peripheral artery disease. These devices are used to measure the pressure within blood vessels, which can help physicians to diagnose and treat these conditions.

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Pressure guidewires are used in conjunction with other medical devices, such as catheters and stents, to provide additional support and stability during medical procedures. There are various types of pressure guidewires available, including balloon-tipped guidewires, micro-guidewires, and steerable guidewires.

The demand for pressure guidewires is driven by factors such as the increasing prevalence of cardiovascular diseases, the growing demand for minimally invasive surgeries, and the availability of advanced guidewire technologies.

The market for pressure guidewires is highly competitive, with many players offering a range of products and services. Some of the key players in the market include Abbott, Boston Scientific, Medtronic, and Cordis.

The market is also expected to be impacted by a number of factors, including regulatory changes, technological advancements, and shifts in healthcare spending. As such, it is important for companies operating in the market to stay up-to-date with industry developments and trends in order to remain competitive.

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Companies

Boston Scientific Corporation

Opsens Inc.

Koninklijke Philips N.V.

Abbott Laboratories

Others

Overall, the pressure guidewires market is expected to be worth billions of dollars in the coming years, with strong growth potential in both developed and developing countries.

Market share of companies based in North America

U.S based Abbott Laboratories held around 26% revenue share in the pressure guidewire market in 2015. The company has a strong foothold in cardiovascular products. It deals with both flat and agile tip pressure guidewire with pressure wire technology.

Canada based Opsens Inc. focuses on optical based pressure guidewire such as OptoWire Deux and OptoWire One. Opsens Inc. has the potential to be the key player in the pressure guidewire market with its unique and advanced technology and held around 20% revenue share in the past year.

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Persistence Market Research is a U.S.-based full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. Persistence Market Research boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients' business needs.

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