Guidewires Market Distributor Analysis Report By 2020

 

Global "Guidewires Market" 2020 Industry research report covers the industry overview with Marketplace Size, Share, Development, futuristic cost, earnings, demand and distribution data. Its vast repository offers an analytical summary of the marketplace that can help to the new and existing player to take a significant decision.

 

In this report, we thoroughly examine and analyse the Global market for Guidewires so that market participants can improve their business strategy and ensure long-term success. This report provides players with useful information and suggests result-based ideas to give them a competitive advantage in the global Guidewires industry. It will show how other players compete in the global Guidewires Market and explain the strategies you use to differentiate yourself from other participants.

 

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Industry Insights

Global guidewires market is expected to exceed over USD 2.19 billion by 2020 with a CAGR of 6.4%. Minimally invasive interventions have proved to influence the global guidewires market to a great extent and is therefore expected to witness high growth on account of increasing demand for these devices. Open/invasive surgeries are rapidly being replaced by minimally invasive surgeries. Presence of better satisfaction among patients owing to lower number of complications post-surgery and lesser incision wounds are some advantages accountable for this shift. Additionally, this processes need shorter hospital stays and hence, is economically more feasible.

 

Prevalent medical conditions including coronary and peripheral occlusions coupled with growing base of aging population is anticipated to fuel the guidewires market over the next six years. Mortality rates have been increasing in the past few years majorly due to increasing number of cardiovascular diseases. Changing lifestyle habits such as growing occurrence of obesity, rising number of global smokers along with irregular dietary habits have impacted the growth of these cardiovascular disease to a great extent. Owing to the introduction of devices such as guidewires and stents in addition to various drug therapies have positively impacted the treatment of cardiovascular disorders.

 

Guidewires play a vital role in vascular intervention. They are used to access cross lesions and target vessels to deliver accurate interventional therapy. There are many options available in the marketi n the form of different clinical presentations that require different device attributes. Choice of an appropriate guidewire holds utmost importance owing to its ability to improve crossing success particularly in total occlusions, limit costs, limit the risk of vascular injury and improve device delivery.

 

Determining which device features and attributes are required in different cases needs knowledge of engineering concepts that form those attributes. In few cases, these wires may be required for crossing and exchanging so as to gain safer and better device delivery. On the other hand, intraluminal crossing, involves different methodologies and device attributes as compared to sub-intimal crossing. With proper wire choice and manipulation, numerous occlusions can be treated interventionally without the need for expensive crossing tools.

 

Wire performance is greatly affected by external support catheters, proximity from the treatment site to the torque site and tortuosity. Improvements in guidewire design and a better understanding of how to use these wires may lead to an improved procedural success.

 

Regional Insights

Key regional market for guidewires market includes Europe, Asia-Pacific, North America, and RoW. In 2013, the North America emerged as the largest segment in terms of market revenue. This can be attributed to high prevalence of cardiovascular, presence of sophisticated healthcare infrastructure, high patient awareness levels and neurovascular disorders.

 

On the other hand, Asia-Pacific was the most rapidly growing region of the guidewires market. Drastic improvement in the economic conditions of developing countries such as China and India along with the availability new opportunities in untapped markets is projected to propel market growth of guidewires market in the region.

 

Competitive Insights

Key industry players operating in the market include Boston Scientific Corporation, Terumo Corporation and Abbott Laboratories. A diversified product portfolio in addition to high market penetration in emerging economies such as China and India, Terumo Corporation emerged as the dominant player in the peripheral guidewires market in 2013.

 

Boston Scientific Corporation, Cook Medical, Terumo Corporation and Bard Medical are some of the key players in the urology guidewires market. Terumo’s patent product “Glidewire” has been gaining popularity amongst several healthcare practitioners and is one among the fastest growing organisations in this segment. Additionally, key market participants of the neurovascular guidewires industry include Codman Neurovascular and ASAHI INTECC.

 

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