Neurovascular Guidewires Market

The neurovascular guidewires market is expected to exhibit lucrative growth during the forecast period

The global market for neurovascular guidewires was valued at US$ 265.4 million in 2017 and is expected to reach US$ 394.4 million by 2026. Rising cardiovascular disorders, along with demand for minimally invasive procedures, will drive the overall neurovascular guidewires market’s growth globally. During the forecast period, the overall market would be driven by advancements in guidewire technology as well as rising acceptance for wrapped guidewires.

Market Synopsis

Wrapped guidewire segments are expected to register higher growth by the end of 2026

The global sale of neurovascular-wrapped guidewires is increasing significantly, mainly in Asia Pacific and Europe. The coating facilitates access to past obstructions and negotiates tortuous anatomy. It also provides a 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 coatings (guidewire technology) among neurologists, advancement in fluoropolymer coatings, and utilization of hybrid guidewires, along with higher precision and safety, which will drive the growth of the market.

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

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

Heart in the application segment generated the highest 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 primarily 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 aneurysms.

During the forecast period, market growth will be driven by an aging population in developed countries

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

Increasing demand for advanced products and the presence of established players hold the U.S. in a dominant position

The U.S. generated the largest revenue share in the global neurovascular guidewires market. Additionally, the swift commercialization of innovative medical devices will drive growth in North America. Partnerships, new technology expansion in 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 emerging nations improved reimbursement structure, and medical device company partnerships will drive global market growth.

Dominance of multinational manufacturers with strong product portfolios 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 INTEC 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 launches, and technology expansion into hospitals and neurological centers.

Periods of History and Forecast

This study report includes an analysis for each segment from 2016 to 2026, with 2017 as the base year. The compound annual growth rate (CAGR) for each of the respective segments is estimated for the forecast period from 2018 to 2026.

Report Scope by Segments

The current report also includes qualitative and quantitative market valuation factors such as key market drivers, market trends, restraints, and opportunities to provide a more comprehensive understanding of the global neurovascular guidewires market. Additionally, the report also comprises a graphical representation of the competitive landscape based on their market initiatives and strategies, product portfolios, and business strengths.

Key questions are answered in this report

• What are the current market trends and dynamics in the neurovascular guidewires market, and what are the valuable opportunities for emerging players?
• Which segment accounts for the fastest CAGR during the forecast period?
• What is the impact of the 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 the Middle East and Africa?

Chapter 1. Preface
1.1. Report Description
1.1.1. Study Purpose
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Market Segmentation
1.3. Research Scope
1.4. Research Methodology
1.4.1. Phase I – Secondary Research
1.4.2. Phase II – Primary Research
1.4.3. Phase III – Expert Panel Review
1.4.4. Assumptions
1.5. Market Segmentation

Chapter 2. Executive Summary
2.1. Global NG Market Portraiture
2.2. Global NG Market, by Type, 2017 (US$ Mn)
2.3. Global NG Market, by Material Type, 2017 (US$ Mn)
2.4. Global NG Market, by Application, 2017 (US$ Mn)
2.5. Global NG Market, by End User, 2017 (US$ Mn)
2.6. Global NG Market, by Geography, 2017 (US$ Mn)

Chapter 3. Global Neurovascular Guidewires (NG) Market: Market Dynamics and Future Outlook
3.1. Market Overview
3.2. Neurovascular Device Technologies: Market Trends
3.3. Current Scenario: Mergers & New Product Launches
3.4. Drivers
3.5. Challenges
3.6. Opportunities
3.7. Attractive Investment Proposition, by Geography, 2017
3.8. Competitive Landscape, by Key Players, 2017

Chapter 4. Global Neurovascular Guidewires (NG) Market, by Type, 2016 – 2026 (US$ Mn)
4.1. Overview
4.2. Solid Guide Wire
4.3. Wrapped Guide Wire

Chapter 5. Global Neurovascular Guidewires (NG) Market, by Material Type, 2016 – 2026 (US$ Mn)
5.1. Overview
5.2. Stainless Steel
5.3. Nitinol (Nickel- Titanium Alloy)
5.4. Others

Chapter 6. Global Neurovascular Guidewires (NG) Market, by Application, 2016 – 2026 (US$ Mn)
6.1. Overview
6.2. Heart
6.3. Liver
6.4. Kidney
6.5. Others

Chapter 7. Global Neurovascular Guidewires (NG) Market, by End User, 2016 – 2026 (US$ Mn)
7.1. Overview
7.2. Hospitals & Specialty Clinics
7.3. Neurology Centers
7.4. Ambulatory Surgical Centers

Chapter 8. Global Neurovascular Guidewires (NG) Market, by Geography, 2016 – 2026 (US$ Mn)
8.1. Overview
8.2. North America NG Market Analysis, 2016 – 2026
8.2.1. North America NG Market, by Type, 2016 – 2026 (US$ Mn)
8.2.2. North America NG Market, by Material Type, 2016 – 2026 (US$ Mn)
8.2.3. North America NG Market, by Application, 2016 – 2026 (US$ Mn)
8.2.4. North America NG Market, by End User, 2016 – 2026 (US$ Mn)
8.2.5. North America NG Market, by Country, 2016 – 2026 (US$ Mn)
8.2.5.1. U.S.
8.2.5.2. Canada
8.3. Europe NG Market Analysis, 2016 – 2026
8.3.1. Europe NG Market, by Type, 2016 – 2026 (US$ Mn)
8.3.2. Europe NG Market, by Material Type, 2016 – 2026 (US$ Mn)
8.3.3. Europe NG Market, by Application, 2016 – 2026 (US$ Mn)
8.3.4. Europe NG Market, by End User, 2016 – 2026 (US$ Mn)
8.3.5. Europe NG Market, by Country, 2016 – 2026 (US$ Mn)
8.3.5.1. U.K.
8.3.5.2. Germany
8.3.5.3. Rest of Europe
8.4. Asia Pacific NG Market Analysis, 2016 – 2026
8.4.1. Asia Pacific NG Market, by Type, 2016 – 2026 (US$ Mn)
8.4.2. Asia Pacific NG Market, by Material Type, 2016 – 2026 (US$ Mn)
8.4.3. Asia Pacific NG Market, by Application, 2016 – 2026 (US$ Mn)
8.4.4. Asia Pacific NG Market, by End User, 2016 – 2026 (US$ Mn)
8.4.5. Asia Pacific NG Market, by Country, 2016 – 2026 (US$ Mn)
8.4.5.1. Japan
8.4.5.2. China
8.4.5.3. Rest of APAC
8.5. Latin America NG Market Analysis, 2016 – 2026
8.5.1. Latin America NG Market, by Type, 2016 – 2026 (US$ Mn)
8.5.2. Latin America NG Market, by Material Type, 2016 – 2026 (US$ Mn)
8.5.3. Latin America NG Market, by Application, 2016 – 2026 (US$ Mn)
8.5.4. Latin America NG Market, by End User, 2016 – 2026 (US$ Mn)
8.5.5. Latin America NG Market, by Country, 2016 – 2026 (US$ Mn)
8.5.5.1. Brazil
8.5.5.2. Mexico
8.5.5.3. Rest of Latin America
8.6. Middle East & Africa (MEA) NG Market Analysis, 2016 – 2026
8.6.1. MEA NG Market, by Type, 2016 – 2026 (US$ Mn)
8.6.2. MEA NG Market, by Material Type, 2016 – 2026 (US$ Mn)
8.6.3. MEA NG Market, by Application, 2016 – 2026 (US$ Mn)
8.6.4. MEA NG Market, by End User, 2016 – 2026 (US$ Mn)
8.6.5. MEA NG Market, by Region, 2016 – 2026 (US$ Mn)
8.6.5.1. GCC
8.6.5.2. Rest of MEA

Chapter 9. Company Profiles
9.1. Stryker Corporation
9.1.1. Business Description
9.1.2. Financial Information (Subject to data availability)
9.1.3. Product Portfolio
9.1.4. Key Developments
9.2. Cardinal Health, Inc.
9.3. Boston Scientific Corporation
9.4. Cook Medical Incorporated
9.5. Medtronic, Inc.
9.6. Abbott Laboratories
9.7. Cordis Corp.
9.8. ASAHI INTECC CO., LTD.
9.9. St. Jude Medical
9.10. Lepu Medical Technology (Beijing) Co., Ltd.
9.11. Terumo Medical Corporation
9.12. Integra LifeSciences Corporation
9.13. Conmed Corporation

List of Figures

FIG. 1 : Global Neurovascular Guidewires (NG) Market: Research Methodology
FIG. 2 : Market Size Estimation – Top Down & Bottom up Approach
FIG. 3 : Global NG Market Segmentation
FIG. 4 : Global NG Market, by Type, 2017 (US$ Mn)
FIG. 5 : Global NG Market, by Material Type, 2017 (US$ Mn)
FIG. 6 : Global NG Market, by Application, 2017 (US$ Mn)
FIG. 7 : Global NG Market, by End User, 2017 (US$ Mn)
FIG. 8 : Global NG Market, by Geography, 2017 (US$ Mn)
FIG. 9 : Attractive Investment Proposition, by Geography, 2017
FIG. 10 : Global Market Positioning of Key NG Manufacturers, 2017
FIG. 11 : Global Solid Neurovascular Guide Wire Market, 2016–2026 (US$ Mn)
FIG. 12 : Global Wrapped Neurovascular Guide Wire Market, 2016–2026 (US$ Mn)
FIG. 13 : Global Stainless Steel Neurovascular Guide Wire Market, 2016–2026 (US$ Mn)
FIG. 14 : Global Nitinol (Nickel- Titanium Alloy) Neurovascular Guide Wire Market, 2016–2026 (US$ Mn)
FIG. 15 : Global NG Market for Other Material Types, 2016–2026 (US$ Mn)
FIG. 16 : Global NG Market for Heart, 2016–2026 (US$ Mn)
FIG. 17 : Global NG Market for Kidney, 2016–2026 (US$ Mn)
FIG. 18 : Global NG Market for Liver, 2016–2026 (US$ Mn)
FIG. 19 : Global NG Market for Other Applications, 2016–2026 (US$ Mn)
FIG. 20 : Global NG Market in Hospitals & Specialty Clinics, 2016–2026 (US$ Mn)
FIG. 21 : Global NG in Neurology Centers, 2016–2026 (US$ Mn)
FIG. 22 : Global NG in Ambulatory Surgical Centers, 2016–2026 (US$ Mn)
FIG. 23 : U.S. NG Market, 2016–2026 (US$ Mn)
FIG. 24 : Canada NG Market, 2016–2026 (US$ Mn)
FIG. 25 : U.K. NG Market, 2016–2026 (US$ Mn)
FIG. 26 : Germany NG Market, 2016–2026 (US$ Mn)
FIG. 27 : Rest of Europe NG Market, 2016–2026 (US$ Mn)
FIG. 28 : Japan NG Market, 2016–2026 (US$ Mn)
FIG. 29 : China NG Market, 2016–2026 (US$ Mn)
FIG. 30 : Rest of Asia Pacific NG Market, 2016–2026 (US$ Mn)
FIG. 31 : Brazil NG Market, 2016–2026 (US$ Mn)
FIG. 32 : Mexico NG Market, 2016–2026 (US$ Mn)
FIG. 33 : Rest of Latin America NG Market, 2016–2026 (US$ Mn)
FIG. 34 : GCC NG Market, 2016–2026 (US$ Mn)
FIG. 35 : Rest of Middle East & Africa NG Market, 2016–2026 (US$ Mn)

List of Tables

TABLE 1 : Market Snapshot: Global Neurovascular Guidewires (NG) Market
TABLE 2 : Global NG Market, by Type, 2016–2026 (US$ Mn)
TABLE 3 : Global NG Market, by Material Type, 2017 (US$ Mn)
TABLE 4 : Global NG Market, by Application, 2016–2026 (US$ Mn)
TABLE 5 : Global NG Market, by End User, 2016–2026 (US$ Mn)
TABLE 6 : Global NG Market, by Geography, 2016–2026 (US$ Mn)
TABLE 7 : North America NG Market, by Type, 2016–2026 (US$ Mn)
TABLE 8 : North America NG Market, by Material Type, 2016–2026 (US$ Mn)
TABLE 9 : North America NG Market, by Application, 2016–2026 (US$ Mn)
TABLE 10 : North America NG Market, by End User, 2016–2026 (US$ Mn)
TABLE 11 : North America NG Market, by Country, 2016–2026 (US$ Mn)
TABLE 12 : Europe NG Market, by Type, 2016–2026 (US$ Mn)
TABLE 13 : Europe NG Market, by Material Type, 2016–2026 (US$ Mn)
TABLE 14 : Europe NG Market, by Application, 2016–2026 (US$ Mn)
TABLE 15 : Europe NG Market, by End User, 2016–2026 (US$ Mn)
TABLE 16 : Europe NG Market, by Country/Region, 2016–2026 (US$ Mn)
TABLE 17 : Asia Pacific NG Market, by Type, 2016–2026 (US$ Mn)
TABLE 18 : Asia Pacific NG Market, by Material Type, 2016–2026 (US$ Mn)
TABLE 19 : Asia Pacific NG Market, by Application, 2016–2026 (US$ Mn)
TABLE 20 : Asia Pacific NG Market, by End User, 2016–2026 (US$ Mn)
TABLE 21 : Asia Pacific NG Market, by Country/Region, 2016–2026 (US$ Mn)
TABLE 22 : Latin America NG Market, by Type, 2016–2026 (US$ Mn)
TABLE 23 : Latin America NG Market, by Material Type, 2016–2026 (US$ Mn)
TABLE 24 : Latin America NG Market, by Application, 2016–2026 (US$ Mn)
TABLE 25 : Latin America NG Market, by End User, 2016–2026 (US$ Mn)
TABLE 26 : Latin America NG Market, by Country/Region, 2016–2026 (US$ Mn)
TABLE 27 : Middle East & Africa NG Market, by Type, 2016–2026 (US$ Mn)
TABLE 28 : Middle East & Africa NG Market, by Material Type, 2016–2026 (US$ Mn)
TABLE 29 : Middle East & Africa NG Market, by Application, 2016–2026 (US$ Mn)
TABLE 30 : Middle East & Africa NG Market, by End User, 2016–2026 (US$ Mn)
TABLE 31 : Middle East & Africa NG Market, by Region, 2016–2026 (US$ Mn)
TABLE 32 : Stryker Corporation: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 33 : Cardinal Health, Inc.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 34 : Boston Scientific Corporation: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 35 : Cook Medical Incorporated: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 36 : Medtronic, Inc.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 37 : Abbott Laboratories: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 38 : Cordis Corp.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 39 : ASAHI INTECC CO., LTD.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 40 : St. Jude Medical, Inc.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 41 : Lepu Medical Technology (Beijing) Co., Ltd.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 42 : Terumo Medical Corporation: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 43 : Integra LifeSciences Corporation: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 44 : Conmed Corporation: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)