Vascular Guidewires Market 2020 On-Going Trends, Business Overview, Industry Growth and Forecast to 2025

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Japan, Japan, Fri, 22 Jan 2021 04:10:57 / Comserve Inc. / — The report offers overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.

The market studied is majorly driven by the factors including a rising preference for minimally invasive surgeries, a growing burden of cardiovascular diseases and technological advancements in guidewires.

Majorly people opt for minimally invasive surgeries as this causes less post-operative pain, and hence, patients receive smaller dosages of pain killers. Due to the minimal cuts or stitches, the duration of hospital stay becomes shorter, and hence patients need not visit the hospital frequently. Traditional open surgeries involve long incisions made through the muscles, and these muscles take a considerable amount of time to heal, whereas MIS procedures involve smaller incisions, leading to a quicker recovery. In addition, the body scars involved in MIS are barely noticeable. The main advantage of MIS over the traditional open surgeries is the higher precision due to video-assisted equipment, which produces a better and magnified image of the organs or body parts being operated. These surgeries are gaining wider acceptance among the geriatric population, due to the relatively shorter recovery time. As minimally invasive surgeries are carried out with the help of guidewires, the demand for guidewires is increasing. Thus, owing to the benefits associated with minimally-invasive surgeries, the adoption rate is increasing, which may increase the overall growth of the market over the forecast period.

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Key Market Trends

Coronary Guidewires Dominate the Market

The coronary guidewires are the specialized devices that are designed to use in the angioplasty procedures to introduce and position balloon catheters and other devices within the coronary system. With the rising number of people falling prey to heart diseases, there has been continuous development of novel devices to provide the best possible surgical experience to the doctors as well as the patients. The guidewires technology has evolved immensely since the past decade as cardiologists have advanced their practice to deal with much more complex disorders, mostly heart diseases.

With the focus of companies to develop technologically advanced guidewires and the rising death rate of heart diseases, it is believed that there will be raised demand for coronary guidewires in the future and the market will be witnessing high growth.

North America to Hold the Largest Share of Market

North America holds the major share for vascular guidewires market, and is expected to show a similar trend over the forecast period. North America is anticipated to dominate the neurological guidewires market, globally. The factors attributed to the high growth of the region are the increasing number of neurological disorders and the growing adoption of minimally-invasive surgeries in the region. More than 65 million American citizens suffer from lower back problems, every year. Neurosurgery and skull-based surgery are undergoing a paradigm shift. The physicians are using endoscopic techniques to visualize and excise lesions that were previously addressed through large, open surgeries that are augmenting the demand for guidewires across the region. Furthermore, advancements in various surgical devices from established key players, in the United States, are likely to drive the market growth in North America.

Competitive Landscape

The market studied is moderately consolidated, owing to the presence of a few key players in the market. The companies are focusing on the technological advancement of devices, in order to gain significant market share. Some of the market players are Boston Scientific Corporation, Abbott Laboratories, Terumo Medical Corporation, B. Braun Melsungen AG, and Stryker Corporation among others.

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1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Rising Cradiovascular Disease Burden
4.2.2 Growing Preference for Minimally Invasive Surgeries
4.2.3 Technological Advancements in Guidewires
4.3 Market Restraints
4.3.1 Product Recalls
4.4 Porter’s Five Force Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry

5 MARKET SEGMENTATION
5.1 By Product
5.1.1 Peripheral Guidewires
5.1.2 Coronary Guidewires
5.1.3 Urology Guidewires
5.1.4 Neurovascular Guidewires
5.2 By Coating
5.2.1 Coated
5.2.2 Non Coated
5.3 By Raw Material
5.3.1 Nitinol
5.3.2 Stainless Steel
5.3.3 Others
5.4 Geography
5.4.1 North America
5.4.1.1 United States
5.4.1.2 Canada
5.4.1.3 Mexico
5.4.2 Europe
5.4.2.1 Germany
5.4.2.2 United Kingdom
5.4.2.3 France
5.4.2.4 Italy
5.4.2.5 Spain
5.4.2.6 Rest of Europe
5.4.3 Asia Pacific
5.4.3.1 China
5.4.3.2 Japan
5.4.3.3 India
5.4.3.4 Australia
5.4.3.5 South Korea
5.4.3.6 Rest of Asia-Pacific
5.4.4 Middle East and Africa
5.4.4.1 GCC
5.4.4.2 South Africa
5.4.4.3 Rest of Middle East and Africa
5.4.5 South America
5.4.5.1 Brazil
5.4.5.2 Argentina
5.4.5.3 Rest of South America

6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Boston Scientific Corporation
6.1.2 Abbott Laboratories
6.1.3 Terumo Medical Corporation
6.1.4 ASAHI INTECC CO., LTD.
6.1.5 Cardinal Health
6.1.6 B. Braun Melsungen AG
6.1.7 AngioDynamics
6.1.8 Medtronic Plc
6.1.9 Stryker Corporation
6.1.10 Cook Medical Incorporated

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

The dynamic nature of business environment in the current global economy is raising the need amongst business professionals to update themselves with current situations in the market. To cater such needs, Shibuya Data Count provides market research reports to various business professionals across different industry verticals, such as healthcare & pharmaceutical, IT & telecom, chemicals and advanced materials, consumer goods & food, energy & power, manufacturing & construction, industrial automation & equipment and agriculture & allied activities amongst others.

For more information, please contact:

Hina Miyazu

Shibuya Data Count
Email: [email protected]
Tel: + 81 3 45720790

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