Peripheral guidewires have multiple layers which includes central core, distal tip and outer coating. Central core is generally made up of stainless steel or nitinol which posses’ superior torque characteristics. Distal tip has variable length and it is made up of radio-opaque material e.g. platinum or iridium alloys and provides flexibility during operations. Peripheral guidewires are coated with a polymer, such as silicone or polytetrafluoroethylene (PTFE), to increase lubricity.Peripheral guidewires are used during the percutaneous transluminal angioplasty and angiography for guiding the stents or catheters to the site of action in the peripheral vasculature.
Peripheral guidewire market is mainly driven by increasing demand for minimally invasive surgeries. Other important factor that propels the market growth is increasing worldwide geriatric population. Moreover, growing incidences of neurological, cardiovascular and urology disorders also fuel the market growth. It is important for patients to fully understand the risks of the procedure undergoing laparoscopy and other cardiovascular, neurovascular surgeries. Some risk factors associated with of minimally invasive surgery and preference given to open surgery may hamper the growth of this market.
The Guide Wire industry concentration is relatively high; there are just not much manufacturers in the world, and mainly from Japan and USA.
Global giant manufactures mainly distributed in Japan and USA. The manufacturers in Japan have a long history and unshakable status in this field. Manufacturers such as Terumo Medical and Asahi have relative higher level of product’s quality. As to United States, Abbott Vascular has become as a global leader through its own business and acquisition. In Europe, TE Connectivity acquired AdvancedCath and definitive agreement to acquire Creganna, thus leads the technology development. Most of Chinese manufactures are not professional producers, that make their products have lower market recognition, even in China domestic market.
The key consumption markets locate at developed countries. The North America takes the market share of 30%, followed by EU with 25.6%. China’s consumption market has a quicker growing speed of CAGR 9.6%.
We tend to believe this industry becomes more and more mature, and the consumption increasing rate will show a smooth curve.
According to this study, over the next five years the Guide Wire market will register a 5.0% CAGR in terms of revenue, the global market size will reach US$ 1370 million by 2024, from US$ 1020 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Guide Wire business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Guide Wire market by product type, application, key manufacturers and key regions and countries.
This study considers the Guide Wire value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Straight Guide Wire
Angled Guide Wire
J-Shape Guide Wire
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Peripheral Artery Disease (PAD)
Cardiovascular Diseases
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Terumo Medical
Abbott Vascular
Asahi
Boston Scientific Corporation
Cardinal
Integer
Medtronic
Cook Medical
TE Connectivity
Merit Medical Systems
SP Medical
Epflex
Shannon MicroCoil
Acme Monaco
Infiniti Medical
Custom Wire Technologies
Biotronik
Hanaco
Lepu Meidcal
Shenzhen Yixinda
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Guide Wire consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Guide Wire market by identifying its various subsegments.
Focuses on the key global Guide Wire manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Guide Wire with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Guide Wire submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
Summary:
Get latest Market Research Reports on Guide Wire . Industry analysis & Market Report on Guide Wire is a syndicated market report, published as Global Guide Wire Market Growth 2019-2024. It is complete Research Study and Industry Analysis of Guide Wire market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.