The Global Guidewires Market has been projected to grow at the CAGR of 5.73 % market during 2017-2025. In 2016, the market has generated the revenue of $ 1,938.98 million and now it has been expected to reach up to $ 3,257.3 million in terms of revenue by 2025.
Growing demand for minimally invasive surgical procedures for targeted treatments is expected to drive demand for guidewires in the global markets. Minimally invasive procedures are rapidly taking over conventional open surgeries due to offered benefit such as quick procedural time, less risk of infections, less blood loss, rapid recovery time, and cost efficiency. Due to these benefits, minimally invasive procedures are being increasingly adopted for treating chronic conditions, particularly in geriatric patient group.
Market Segment Insights
The guidewires market is majorly segmented into product (coronary, neurovascular, urological and peripheral guidewires), coronary guidewires held the largest market in the product segment due to growth factors such as high usage rates of coronary guidewires in surgical procedures and favorable reimbursement for the products in the developed markets, along with steady prices of the available products. Material segment consists of (stainless steel, nitinol and hybrid). Nitinol held the largest share in the material segment primarily due to their super elasticity and shape memory properties make nitinol an ideal material for navigation tools and miniature implants.
North America, Latin America, Europe, Middle East and Africa and Asia Pacific, markets together form the major regional markets for guidewires. These regional markets are further sub-segmented into country specific markets on the basis of demand and market growth of guidewires. Among the considered regional markets, North America currently dominates the global guidewires market, with United States being the largest county-level market due to increase in geriatric pool, high prevalence of coronary and peripheral occlusions and supportive reimbursement policies. On the other hand, Asia Pacific is anticipated to be the fastest growing market for guidewires due to huge population base suffering with occlusions, rising public awareness, and high disposable income.
Market Competition Assessment:
Key players in the global guidewires market are: Abbott Laboratories, Angiodynamics, Asahi Intecc. Co., Ltd., B. Braun Cardiovascular, Boston Scientific Corporation, Codman Neurovascular, Cordis Corp., Cook Medical, Johnson and Johnson, Medtronic, Inc., St. Jude Medical, Stryker Corporation, Terumo Corporation, and other notable players.
Chapter 1 Preface
1.1 Report Description
1.2 Market Segmentation
1.3 Research Methodology
Chapter 2 Executive Summary
2.1 Global Guidewires Market, by Product Type, 2016 ($ Million)
2.2 Global Guidewires Market, by Material, 2016 ($ Million)
2.3 Global Guidewires Market Share, by Geography, 2016 (Value %)
Chapter 3 Global Guidewires: Market Dynamics and Outlook
3.1 Introduction, Facts and Figures
3.5 Major Commercial Events
3.6 Average Pricing Analysis
3.7 Attractive Investment Proposition
3.8 Competitive Analysis: Global Guidewires Market, by Key Market Players
Chapter 4 Global Guidewires Market, by Product Type, 2015-2025 ($ Million)
Chapter 5 Global Guidewires Market, by Material, 2015-2025 ($ Million)
5.2 Stainless Steel
Chapter 6 Global Guidewires Market, by Geography, 2015-2025 ($ Million)
6.1. North America
6.2.3. Rest of Europe
6.3. Asia Pacific
6.3.3. Rest of Asia Pacific
6.4. Latin America
6.4.3. Rest of Latin America
6.5. Middle East and Africa
6.5.2. Rest of Middle East and Africa
Chapter 7 Company Profiles
7.1. Abbott Laboratories
7.3. Asahi Intecc Co., Ltd.
7.4. B. Braun Cardiovascular
7.5. Boston Scientific Corporation
7.6. Codman Neurovascular
7.7. Cordis Corp.
7.8. Cook Medical
7.9. Johnson & Johnson
7.10. Medtronic, Inc.
7.11. St. Jude Medical
7.12. Stryker Corporation
7.13. Terumo Corporation
7.14. Other Notable Payers