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Guidewires Market by Material, Product ), Application, End User - Global Forecast to 2022

Guidewires Market: Global Forecast until 2022

  • February 2018
  • 158 pages
  • ID: 5333370
In this report:
In 2017, the hospitals, diagnostic centers, and surgical centers segment is expected to account for the largest share of ##.##% of the North American guidewires market.
North America is expected to account for the largest share of ##.##% the guidewires market in 2017, while Asia Pacific is projected to register the highest CAGR of ##.##% during the forecast period.

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The guidewires market forecasted to grow at a CAGR (Compound annual growth rate) of 4.80 percent

The overall guidewires market is estimated to grow $764.00M by 2022 from $605.20M in 2017, at a compound annual growth rate (CAGR) of 4.80 percent. The rise witnessed by guidewires is mainly influenced by increasing target disease incidence, continuous product commercialization by main manufacturers and favorable medical reimbursements for guidewires in developed countries. The government initiatives to control the burden of healthcare-associated infections in developed countries and the growing healthcare expenditure across emerging industries are also driving the increase of the market. Nevertheless, high cost of surgical guidewires, spending cuts & excise duties on medical devices and dearth of skilled surgeons for minimally invasive surgeries are the top challenges faced by a majority of the guidewires manufacturers across the world

The hybrid guidewires segment is poised to be the quickest-rising during the forecast period.

On the basis of material, the overall guidewires market is split into nitinol guidewires, stainless steel guidewires, and hybrid guidewires. The hybrid guidewires segment is anticipated to rise at the maximal compound annual growth rate (CAGR) during the outlook period. This rise can be accredited to growing adoption among medical professionals according to their technological and procedural advantages, increasing awareness among surgeons about the clinical benefits of these guidewires, and the evolving reimbursement scenario for target procedures across main healthcare sectors

The cardiology applications segment is poised to be the quickest-increasing during the forecast period.

On the basis of application type, the overall guidewires market is divided into cardiology, vascular, neurology, urology, gastroenterology, oncology, and otolaryngology. The cardiology applications segment is anticipated to grow at the highest CAGR (Compound annual growth rate) during the estimate period. This increase can be connected to the increasing adoption of guidewires among cardiologists owing to procedural and technical benefits suggested by nitinol materials used for manufacturing cardiology guidewires.

Asia-Pac is projected to register the maximum growth rate during the outlook period.

Geographically, the guidewires market is divided into north america, EU, Asia Pacific (APAC), and the Rest of the globe. The highest compound annual growth rate (CAGR) for the APAC guidewires market can be accredited to the growing adoption of guidewires due to their decreasing costs (due to the growth in localized manufacturing and strengthening of distribution networks of top product manufacturers) and rising healthcare expenditure across main APAC countries.

Breakdown of supply-side primary interviews: by company category, description, and area:

• By Company category - Tier 1 - 25.0 percent, Tier 2 - 30.0 percent and Tier 3 - 45.0 percent

• By Description - C-suite - 26.0 percent, D-level - 30.0 percent, Others - 44.0 percent

• By Area - North America continent - 34.0 percent, Europe (EU) - 26.0 percent, Asia-Pac - 23.0 percent, RoW - 17.0 percent

The overall guidewires market is competitive, with a big number of overall and local actors. In 2016, the sector was dominated by Boston Scientific, Medtronic, Abbott, Cook Group, and Terumo. Launches of new product, market expansions, strategic acquisitions, alliances, strategic agreements & collaborations were the main strategies approved by market actors to accomplish increase in the industry.

Segment Research

This report studies the guidewires market established on material, product, application, and end user. The industry report also studies factors (including drivers, industry restraints, alternatives, and opportunities) affecting the market increase. It examines possibilities and opportunities in the sector for partners and offers details of the competitive landscape for the market top players. Moreover, the study examines micromarkets with respect to their individual progress trends, prospects, and contributions to the overall industry. The analysis forecasts the revenue of the market segments with respect to four main regions.

Why Purchasing This Study Can Help You:

From an insights perspective, this market research has emphasized several levels of analysis-industry trends, market share research of top players, and company descriptions, which together comprise and examine basic views on the competitive landscape, coming out and high-growth segments of the guidewires market, and high-growth areas and territories and their respective drivers, market restraints, opportunities, and alternatives.

The market research will increase both established firms as well as new entrants/smaller companies to measure the pulse of the sector, which in turn help companies collect greater segment market share. Companies obtaining the industry report could use any one or a combination of the belowmentioned five strategies for strengthening their market shares.

This study furnishes highlights on the following points:

• Market Uptake: Exhaustive data on product types provided by the main players in the guidewires market. The analysis examines the guidewires market established on material, product, application, end-user, and area

• Product Development: In-depth understanding on the industry research and growth activities and launches of new product in the guidewires market

• Market Development: Highlighted information about profitable emerging sectors. The market research examines the industries for different guidewires across geographies.

• industry diversification: Complete information about recent products, untapped areas, recent evolutions, and market investments in the guidewires market

• opposing assessment: Detailed assessment of market shares, strategies, products, distribution networks, and manufacturing competences of key players in the guidewires market

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