Global Coronary Guidewires Market 2017-2021
About Coronary Guidewires
Coronary guidewires are the tube-like structures, which act as a guide to implant a stent in the coronary artery through a catheter. The procedure is known as the percutaneous coronary intervention (PCI). These guidewires are made up of nitinol core or steel with a hydrophilic or hydrophobic coating or both (hybrid). They are also available with or without polymer jacket and with different tip shapes.
Technavio’s analysts forecast the global coronary guidewires market to grow at a CAGR of 5.18% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global coronary guidewires market for 2017-2021. To calculate the market size, the report considers revenue generated from sales of coronary guidewires during cardiovascular intervention procedures.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Coronary Guidewires Market 2017-2021
Technavio recognizes the following companies as the key players in the global coronary guidewires market: Abbott Vascular, Boston Scientific, Cordis, Medtronic, and Terumo Medical.
Other Prominent Vendors in the market are: AMG International, ASAHI INTECC, B. Braun Melsungen, BrosMed Medical, Comed BV, EPflex Feinwerktechnik, GaltNeedleTech, Lepu Medical, Merit Medical Systems, optimed Medizinische Instrumente, RONTIS, SP Medical, and Teleflex.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is rise in use of nitinol in coronary guidewires. Since 1980, nitinol utilization has been increased tremendously in medical devices and has become one of the materials of choice for engineers and designers. It is widely used from surgical devices to endoluminal stents and many other prostheses.”
According to the report, one driver in the market is increasing incidence of cardiac disorders and rise in geriatric population. An increase in unhealthy diets and physical inactivity will result in high blood pressure, blood glucose, and lipids leading to hypertension, obesity, abnormal cholesterol, and diabetic problems. These factors lead to cardiac disorders among the population, especially in the people aged 60 years and above. In recent years, the incidence and prevalence of CVDs such as strokes, myocardial infarction, and CADs have increased.
Further, the report states that one challenge in the market is pricing pressure coupled with paucity of product differentiation. Vendors find it difficult to remain competitive in the market, because of the lack of significant differentiation in the range of products. Since most features and functionalities of products are similar in nature, and most of the end-users tend to make selections based on their familiarity with a specific brand name. Thus, it is critical for manufacturers to develop a technologically advanced product line for future growth. Vendors who are launching new devices with only marginal benefits over existing products may not generate significant profit.
Abbott Vascular, Boston Scientific, Cordis, Medtronic, Terumo Medical, AMG International, ASAHI INTECC, B. Braun Melsungen, BrosMed Medical, Comed BV, EPflex Feinwerktechnik, GaltNeedleTech, Lepu Medical, Merit Medical Systems, optimed Medizinische Instrumente, RONTIS, SP Medical, and Teleflex.
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