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Neurovascular Guidewires Market By Type (Solid Guide Wire, Wrapped Guide Wire), By Material Type (Stainless Steel, Nitinol, Others), By Application (Heart, Liver, Kidney, Others), By End User (Hospitals & Specialty Clinics, Neurology Centers, Ambulatory Surgical Centers) - Growth, Future Prospects And Competitive Landscape, 2018 – 2026

"Neurovascular guidewires market to exhibit lucrative growth during the forecast period"

The global neurovascular guidewires market is growing expressively, was valued at US$ 265.4 Mn in 2017 and expected to reach US$ 394.4 Mn by 2026. Rising cardiovascular disorders along with demand for minimally invasive procedures, will drive the overall neurovascular guidewires market growth globally. Evolution in guidewire technology along with rising acceptance for wrapped guidewires would also drive the overall market during the forecast period.   

Market Synopsis

Neurovascular Guidewires Market

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"Wrapped guidewire segment is expected to register higher growth by the end of 2026"

The global sale of neurovascular wrapped guidewires is increasing significantly, mainly in the Asia Pacific, and Europe. The coating facilitates access past obstructions and negotiates through tortuous anatomy. Also provides low coefficient of friction to facilitate progression and catheter tracking. Other major factors driving the growth include product expansion for guidewires with hydrophobic or hydrophilic coating (guidewire technology) among neurologists, advancement in fluoropolymer coatings, and utilization of hybrid guidewires along with higher precision and safety will drive the growth of the market.

Neurovascular Guidewires Market

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"Nitinol (nickel- titanium alloy) segment is expected to register higher growth by the end of 2026"

Nitinol hydrophilic guidewires are gaining traction slowly in the developing markets. The properties of nitinol guidewires such as flexibility, stiffness, low friction navigation, torqueability and hydrophilic coating plays vital role during the treatment procedures. Other major factors enhancing the material type segment include increasing minimally invasive procedures in the radiology angiographic and cardiology procedures, reduced cost and advanced guidewire technology.

Neurovascular Guidewires Market

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"Heart in the application segment generated maximum revenue share in 2018"

As per the recent data provided by the Centers for Disease Control and Prevention, more than 800,000 individuals in the U.S. experience stroke every year. Around 50 million surgical procedures are performed every year in the U.S. Neurovascular guidewires are majorly utilized to carry catheters, stents, and balloons to cure cerebral aneurysms or arteriovenous malformations. Nearby 2% to 3% of the global population suffers from cerebral aneurysm.

Neurovascular Guidewires Market

"Increasing ageing population in the developed nations will drive the market growth during the forecast period"

Growing population along with prevalence of cardiovascular and neurological disorders will drive the demand in the hospitals. Additionally, demand for minimally invasive treatment procedures due to its advantages over open surgeries, less complications, and shorter hospital stay along with growing neurovascular cases is generating a noteworthy revenue share in the global market. However, deficiency of skilled physicians, less availability of branded products, high cost and no or less reimbursement are factors restraining the growth of neurovascular guidewires market on a global scale.

Neurovascular Guidewires Market

"Increasing demand for advanced products, and the presence of established players holds the U.S. in dominant position"

The U.S. generated maximum revenue share in the global neurovascular guidewires market. Additionally, swift commercialization of innovative medical devices will drive the growth in North America. Partnerships, new technology expansion in the guidewire technology, demand for hybrid products and growing cardiovascular procedures will further spur revenue growth in the U.S. market. The massive patient population in the emerging nations, improvised reimbursement structure and partnerships of medical device companies will drive the market growth on a global scale.

Neurovascular Guidewires Market

"Dominance of multinational manufacturers with strong product portfolio in the developed regions"

Major players in the neurovascular guidewires market are Stryker Corporation, Cardinal Health, Inc., Boston Scientific Corporation, Cook Medical Incorporated, Medtronic, Inc., Abbott Laboratories, Cordis Corp., ASAHI INTECC CO., LTD., St. Jude Medical, Inc., Lepu Medical Technology (Beijing) Co., Ltd., Terumo Medical Corporation, Integra LifeSciences Corporation, Conmed Corporation and others. Companies are executing growth strategies through new guidewire technology, new product launch, and technology expansion to hospitals and neurological centers.

Neurovascular Guidewires Market

Historical & Forecast Period

This study report represents analysis for each segment from 2016 to 2026 considering 2017 to be the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period from 2018 to 2026.

Report Scope by Segments 

 

ATTRIBUTE DETAILS
Research Period  2017-2027
Base Year 2018
Forecast Period  2019-2027
Historical Year  2017
Unit  USD Million
Segmentation

 By Type (2016–2026; US$ Mn)
 • Solid Guide Wire
 • Wrapped Guide Wire

 By Material Type (2016–2026; US$ Mn)
 • Stainless Steel
 • Nitinol (Nickel- Titanium Alloy)
 • Others

 By Application Segment (2016–2026; US$ Mn)
 • Heart
 • Liver
 • Kidney
 • Others

 By End-user Segment (2016–2026; US$ Mn)
 • Hospitals & Specialty Clinics
 • Neurology Centers
 • Ambulatory Surgical Centers

 Geography Segment (2016–2026; US$ Mn)
 • North America (U.S., Canada)
 • Europe (U.K., Germany, Rest of Europe)
 • Asia Pacific (Japan, China, Rest of Asia Pacific)
 • Latin America (Brazil, Mexico, Rest of Latin America)
 • Middle East & Africa (GCC, Rest of Middle East & Africa)

The current report also comprehends qualitative and qualitative market valuation factors such as key market drivers, market trends, restraints and opportunities that gives a better market understanding of the overall neurovascular guidewires market. Additionally, the report also comprises graphical representation of competitive landscape based on their market initiatives and strategies, product portfolio and business strengths.

Key questions answered in this report

  • What are the current market trends and dynamics in the neurovascular guidewires market and valuable opportunities for emerging players?
  • Which segment accounts for the fastest CAGR during the forecast period?
  • What is the impact of high cost of neurovascular guidewires on the global market?
  • What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America and Middle East & Africa?
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Budget Buying
Executive Summary - Brief Global Market Size - Current & Forecast
Regional Market Size - North America
Country Market Size - US
Company Profile – 1
Trusted By
Godaddy
Published Date:  Apr 2019
Category:  Medical Devices
Report ID:   59680
Report Format:   PDF
Pages:   120
Rating:    4.3 (56)
Delivery Time: 24 Hours to 48 Hours   
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