Global Coronary Guidewires Market 2017-2021

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:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Coronary Guidewires Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Abbott Vascular
  • Boston Scientific
  • Cordis
  • Medtronic
  • Terumo Medical
Other prominent vendors
  • 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
  • Teleflex
Market driver
  • Increasing incidence of cardiac disorders and rise in geriatric population
  • For a full, detailed list, view our report
Market challenge
  • Pricing pressure coupled with paucity of product differentiation
  • For a full, detailed list, view our report
Market trend
  • Rise in use of nitinol in coronary guidewires
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

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.

Companies Mentioned

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.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Vascular guidewires: An overview
  • Market landscape
    • Market overview
      • Table Global coronary guidewires market 2016-2021 ($ millions)
      • Table Global coronary guidewires market: An overview
      • Table Opportunity analysis: Global coronary guidewires market
      • Table Global coronary guidewires market: Developed and emerging countries 2016
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by core material
    • Market overview
      • Table Global coronary guidewires market segmentation by product 2016
      • Table Global coronary guidewires market by product 2016-2021 (%)
      • Table Global coronary guidewires market by product 2016-2021 ($ millions)
      • Table Global coronary guidewires market by product 2016 and 2021 ($ millions)
      • Table Global coronary guidewires market segmentation by product type 2016 and 2021 (%)
    • Nitinol-based coronary guidewires
      • Table Properties of nitinol
      • Table Global nitinol-based coronary guidewires market 2016-2021 ($ millions)
    • Steel-based coronary guidewires
      • Table Global steel-based coronary guidewires market 2016-2021 ($ millions)
  • Market segmentation by end-user
    • Table Global coronary guidewires market segmentation by end-user 2016 (%)
    • Hospitals
    • ASCs
    • Cath labs
  • Geographical segmentation
    • Table Global coronary guidewires market by geography 2016 (%)
    • Table Global coronary guidewires market by geography 2016
    • Table Global coronary guidewires market by geography 2016 and 2021 ($ millions)
    • Table Global coronary guidewires market by geography 2016 and 2021 (%)
    • Table Global coronary guidewires market by geography 2016-2021 (%)
    • Table Global coronary guidewires market by geography 2016-2021 ($ millions)
    • Coronary guidewires market in Americas
      • Table Coronary guidewires market in Americas 2016-2021 ($ millions)
    • Coronary guidewires market in EMEA
      • Table Coronary guidewires market in EMEA 2016-2021 ($ millions)
    • Coronary guidewires market in APAC
      • Table Coronary guidewires market in APAC 2016-2021 ($ millions)
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
  • Market trends
    • Rise in use of nitinol in coronary guidewires
      • Table Comparison of nitinol and stainless steel
    • Technological innovations
    • Emergence of digital cath labs in hospitals
    • Rise in demand for soft tapered and non-tapered guidewires
      • Table Usage of different types of coronary guidewires 2016 (%)
  • Vendor landscape
    • Competitive scenario
  • Key vendor analysis
    • Abbott Vascular
      • Table Abbott Vascular: Strength assessment
      • Table Abbott Vascular: Strategy assessment
      • Table Abbott Vascular: Opportunity assessment
    • Boston Scientific
      • Table Boston Scientific: Strength assessment
      • Table Boston Scientific: Strategy assessment
      • Table Boston Scientific: Opportunity assessment
    • Cordis
      • Table Cordis: Strength assessment
      • Table Cordis: Strategy assessment
      • Table Cordis: Opportunity assessment
    • Medtronic
      • Table Medtronic: Strength assessment
      • Table Medtronic: Strategy assessment
      • Table Medtronic: Opportunity assessment
    • Terumo Medical
      • Table Terumo Medical: Strength assessment
      • Table Terumo Medical: Strategy assessment
      • Table Terumo Medical: Opportunity assessment
    • Other prominent vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook