Guidewires Market is expected to exceed over USD 2.19 billion by 2020 with a CAGR of 6.4%. Minimally invasive interventions have proved to influence the global guidewires market to a great extent and is therefore expected to witness high growth on account of increasing demand for these devices. Open/invasive surgeries are rapidly being replaced by minimally invasive surgeries. Presence of better satisfaction among patients owing to lower number of complications post-surgery and lesser incision wounds are some advantages accountable for this shift. Additionally, this processes need shorter hospital stays and hence, is economically more feasible.
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Market Synopsis of Guidewires Market:
Prevalent medical conditions
including coronary and peripheral occlusions coupled with growing base of aging
population is anticipated to fuel the guidewires market over the next six
years. Mortality rates have been increasing in the past few years majorly due
to increasing number of cardiovascular diseases. Changing lifestyle habits such
as growing occurrence of obesity, rising number of global smokers along with
irregular dietary habits have impacted the growth of these cardiovascular
disease to a great extent. Owing to the introduction of devices such as
guidewires and stents in addition to various drug therapies have positively
impacted the treatment of cardiovascular disorders.
Guidewires play a vital role in
vascular intervention. They are used to access cross lesions and target vessels
to deliver accurate interventional therapy. There are many options available in
the marketi n the form of different clinical presentations that require
different device attributes. Choice of an appropriate guidewire holds utmost
importance owing to its ability to improve crossing success particularly in
total occlusions, limit costs, limit the risk of vascular injury and improve
device delivery.
Determining which device features
and attributes are required in different cases needs knowledge of engineering
concepts that form those attributes. In few cases, these wires may be required
for crossing and exchanging so as to gain safer and better device delivery. On
the other hand, intraluminal crossing, involves different methodologies and
device attributes as compared to sub-intimal crossing. With proper wire choice
and manipulation, numerous occlusions can be treated interventionally without
the need for expensive crossing tools.
Wire performance is greatly
affected by external support catheters, proximity from the treatment site to
the torque site and tortuosity. Improvements in guidewire design and a better
understanding of how to use these wires may lead to an improved procedural
success.
Product Insights
Based on the product type, global
guidewires market is segmented as peripheral, coronary, urology and
neurovascular guidewires. Coronary guidewires emerged as the most dominant
player in the overall guidewires market by share in 2013 owing to the presence
of large volumes of minimally invasive coronary procedures in addition to high
usage rates. Rising number of initiatives by manufacturers in an attempt to
reduce operational expense besides the governmental impact to strengthen
reimbursement policies may result in declining product price of coronary
guidewires market over the forecast period. In 2013, one unit of coronary
guidewires was priced at USD 90.2 the average selling price for one unit of
coronary guidewires was USD 90.2 in 2013.
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Table of Contents:-
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 Guidewires: Market
Variables, Trends & Scope
Chapter 4 Guidewires: Product
Estimates & Trend Analysis
Chapter 5 Guidewires: Application
Estimates & Trend Analysis
Chapter 6 Guidewires: End-use
Estimates & Trend Analysis
Chapter 7 Guidewires: Industrial
End-use Estimates & Trend Analysis
Chapter 8 Guidewires: Regional
Estimates & Trend Analysis
Chapter 9 Competitive Landscape
Chapter 10 Guidewires:
Manufacturers Company Profiles
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