Global Guidewires Market 2017-2021
Guidewires have become an integral part of urological surgeries as they help in the delivery of the required interventional therapy. They also help with drainage, embolization, and in endoprosthesis placement. The selection of appropriate guidewires improves crossing over capability, device delivery, and reduces the risk of cardiovascular injuries from wire shaft buckling or a distal wire tip. The selection of guidewires depends on individual medical cases. It requires knowledge about engineering to perform specific procedures. In few cases, one wire may be needed for the crossing technique. It is then exchanged to achieve safe and better device delivery. However, intraluminal devices crossing through guidewires requires a different technique. Most occlusions can be treated with the help of a correct wire to achieve the desired results.
Technavio’s analysts forecast the global guidewires market to grow at a CAGR of 5.99% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global guidewires market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of guidewires.The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Guidewires Market 2017-2021
Technavio recognizes the following companies as the key players in the global guidewires market: Abbott, Boston Scientific, Cook Medical, C.R.Bard, Medtronic, and Terumo Medical.
Other Prominent Vendors in the market are: Amecath, amg International, ASAHI INTECC, BIOTRONIK, B. Braun Melsungen, BrosMed Medical, Comed, Cordis, EPflex Feinwerktechnik, GaltNeedleTech, JOTEC, Lepu Medical, Merit Medical Systems, optimed Medizinische Instrumente, ROCAMED, RONTIS, SP Medical, SURGIMEDIK, Teleflex, UroMed, and UROTECH.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Growing demand for nitinol based guidewires. The materials in guidewires play an important role as it offers many advantage for process and therapeutic devices. There has been a significant rise in demand for nitinol-based guidewires when compared with stainless steel and polymers. Urological and cardiovascular surgery involves frequent use of guidewires. More than 60% of all interventional procedures require guidewires. The materials used in guidewires play an important role as they offer several advantages. The nitinol alloy material (nickel and titanium) allows guidewire manufacturers to achieve unique characteristics in undergoing phase transformation when subjected to temperature changes, external forces, and mechanical loading.”
According to the report, one of the major drivers for this market is Prevalence of chronic disorders. The rising prevalence of the chronic disorders such as cardiac, urological and neurovascular disorders contributing majorly toward the market growth. The rising incidence of the various urological conditions such as bladder cancer, prostate cancer, bladder prolapse, painful bladder syndrome, erectile dysfunction (ED), overactive bladder, hematuria, and prostatitis driving the urology guidewires across the globe. Rising incidence of the chronic urological disease has become very censorious in recent decade and have led to the higher rate of hospitalization among the affected individuals.
Further, the report states that one of the major factors hindering the growth of this market is Retrieval of the lost guidewires. Majority of the urological, vascular, and neurovascular procedures involve the usage of devices such as stents and catheters. The placement and movement of these devices require the guidewire usage throughout procedures for facilitating the correct path for these devices. The selection of the guidewire is totally based on the medical condition of the patient and recommended by the surgeon as per the required need. The rising number of the urological procedures coupled with the technically difficulty while performing these procedures with new devices and complex techniques have increased the loss of foreign object during the procedures. Some critical and rare application are associated with urological and vascular procedures. One critical condition arises due to loss of guidewires during the surgeries.
Abbott, Boston Scientific, Cook Medical, C.R.Bard, Medtronic, Terumo Medical, Amecath, amg International, ASAHI INTECC, BIOTRONIK, B. Braun Melsungen, BrosMed Medical, Comed, Cordis, EPflex Feinwerktechnik, GaltNeedleTech, JOTEC, Lepu Medical, Merit Medical Systems, optimed Medizinische Instrumente, ROCAMED, RONTIS, SP Medical, SURGIMEDIK, Teleflex, UroMed, and UROTECH.