Global guidewires market is expected to reach USD
2,197.2 million by 2020, according to a new study by Grand View Research, Inc.
Growing prevalence of target diseases coupled with growing geriatric population
base is expected to drive guidewire demand over the next six years. Technology
innovation across various product segments, in terms of flexibility, tip
retention etc. is also expected to boost market demand by catering to the
requirements of healthcare practitioners.
Coronary guidewires dominated the overall market
in terms of revenue, estimated at USD 700.1 million in 2013. Coronary
guidewires market is expected to grow on account increasing prevalence of
cardiovascular diseases and the presence of high minimally invasive coronary
procedure volumes.
View
summary of this report @
http://www.grandviewresearch.com/industry-analysis/guidewires-market
http://www.grandviewresearch.com/industry-analysis/guidewires-market
Global coronary and peripheral guidewires market, 2012 – 2020 (USD Million)
Further key findings from the study
suggest:
- Global guidewires demand was 16,645.9 thousand units in 2013 and is expected to reach 25,640.2 thousand units by 2020, growing at a CAGR of 6.4% from 2014 to 2020.
- Peripheral guidewires are expected to remain as the second largest product segment after coronary guidewires during the forecast period. In terms of revenue, the market for peripheral guidewires is expected to grow at a CAGR of over 6.0% from 2014 to 2020 due to increasing prevalence of peripheral vascular diseases (PVDs), peripheral artery diseases (PADs), abdominal aortic aneurysms (AAA) and carotid artery stenosis (CAS).
- North America dominated the overall market in terms of revenue share in 2013 majorly on account of the presence of high prevalence levels of cardiovascular and neurovascular disorders and sophisticated healthcare infrastructure
- Asia Pacific is expected to be the fastest growing regional market for guidewires, driven by increasing demand for medical tourism in emerging markets of India and China and rapidly improving healthcare infrastructure.
- Some key market players of guidewires include Terumo Corporation, ASAHI INTECC, Abbott Laboratories, Medtronic Inc., Cordis Corporation, Boston Scientific Corporation, Covidien, B. Braun and Cook Medical.
- R&D spending has steadily increased over the last three years, in an attempt to develop technologically advanced and cost effective products and avoid barriers such as product recalls. In addition, R&D is also focused on the unmet needs of healthcare practitioners in consideration. Tip shape retention, flexibility and minimal wire perforation are the key requirements of healthcare practitioners.
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this category @ http://www.grandviewresearch.com/industry/medical-devices
For
the purpose of this study, Grand View Research has segmented the global
guidewires market on the basis of product and region:
Global Guidewires
Product Outlook (Volume, Thousand units; Revenue, USD Million, 2012 – 2020)
• Coronary Guidewire
• Peripheral Guidewire
• Neurovascular Guidewire
• Urology Guidewire
Guidewires Regional
Outlook (Volume, Thousand units; Revenue, USD Million, 2012 – 2020)
• North America
• Europe
• Asia Pacific
• RoW
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