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A recent report published by Infinium Global Research on vascular guidewires market provides in-depth analysis of segments and sub-segments in global as well as regional vascular guidewires market. The study also highlights the impact of drivers, restraints and macro indicators on the global and regional vascular guidewires market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global vascular guidewires market. According to the report the global vascular guidewires market is projected to grow at a CAGR of 5.4% over the forecast period of 2018-2024.
The guidewire is long flexible wire or spring used to guide the insertion of implantable medical devices into confined spaces of patient’s body. The vascular guidewires are used in the various cardiology procedures to assist the doctors dusting the implementation of stents, angioplasty balloons & inferior vena cava filters. They are basically divided into two parts coronary guidewires and peripheral guidewires.
Globally, the demand for minimally invasive (MI) procedures is rising rapidly owing to its benefits such as less pain, faster recovery, low possibility of surgical infections, fewer complications, and high accuracy. The rising people’s inclination toward the minimally invasive (MI) surgeries drives the market of vascular guidewires. In addition, rising occurrence of cardiovascular disorders, growing geriatric populations, ongoing research and developments on the healthcare sectors are likely to boost the market growth of vascular guidewires.
On the other side, the availability of alternative treatment options is expected to restrain market growth over the forecast period. Moreover, the rising government investments to improve the healthcare infrastructure among the emerging countries are projected to create several growth opportunities in this market in the upcoming years.
Geographically, North America accounted for the largest market share in vascular guidewires market. The advance healthcare infrastructure and the favorable government policies that allows the introduction of new and advanced technologies in the healthcare sectors is escalating the growth of vascular guidewires market in the North America region. Meanwhile, growth opportunities in the emerging economies of the Asia-Pacific and middle east regions are expected to provide several growth opportunities for market growth during the forecast period.
Segment Covered
The report on global vascular guidewires market covers segments such as product types, coating types and end user. On the basis of product types, the global vascular guidewires market is categorized into coronary guidewires and peripheral guidewires. On the basis of coating types, the global vascular guidewires market is categorized into hydrophobic polymer and hydrophilic polymer. On the basis of end user the global vascular guidewires market is categorized into hospitals and ambulatory surgical centers.
The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, and Rest of the World. In this section, the key trends and market size for each geography are provided over the period of 2016-2024. The countries covered in the North America region include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia, and among others. Moreover, Germany, U.K., France, Spain, and Rest of Europe are included in the European region. The U.S. drives the growth in the North America region as it is the largest market in the region. The Asia-pacific region offers a substantial potential for the market growth owing to rapid growth in markets such as India and China. The APAC region is projected to experience growth at a CAGR of x.x% over the period of 2018-2024.
The report provides profiles of the companies in the global vascular guidewires market such as Abbott Laboratories, Boston Scientific, B. Braun Melsungen AG, Cardinal Health, Terumo Corporation, Biotronik SE, Cordis, Medtronic, Cook Medical and Asahi Intecc.
The report provides deep insights on demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the global vascular guidewires market. Moreover, IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of vascular guidewires market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the vascular guidewires market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players. This report will help manufacturers, suppliers, and distributors of the vascular guidewires market to understand the present and future trends in this market and formulate their strategies accordingly.
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