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Global Guidewires Market 2017-2021

Global Guidewires Market 2017-2021

About Guidewires

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:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global 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
  • Boston Scientific
  • Cook Medical
  • C.R.Bard
  • Medtronic
  • Terumo Medical
Other prominent vendors
  • 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
  • UROTECH
Market driver
  • Prevalence of chronic disorders
  • For a full, detailed list, view our report
Market challenge
  • Retrieval of the lost guidewires
  • For a full, detailed list, view our report
Market trend
  • Growing demand for nitinol based 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 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.

Companies Mentioned

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.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Table Guidewires classification: Parameters
  • Market landscape
    • Market overview
    • Market size and forecast
      • Table Global guidewires market 2016-2021 ($ millions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by product
    • Table Segmentation of global guidewires market by product type
    • Table Global guidewires market analysis by product 2016
    • Table Global guidewires market by product 2016 and 2021 ($ millions)
    • Table Global guidewires market by product 2016 and 2021 (%)
    • Table Global guidewires market by product type 2016-2021 ($ millions)
    • Table Global guidewires market by product type 2016-2021(%)
    • Global urology guidewires market
      • Table Global urology guidewires market 2016-2021 ($ millions)
    • Global coronary guidewires market
      • Table Global coronary guidewires market 2016-2021 ($ millions)
    • Global peripheral guidewires market
      • Table Global peripheral guidewires market 2016-2021 ($ millions)
    • Global neurovascular guidewires market
      • Table Global neurovascular guidewires market 2016-2021 ($ millions)
  • Market segmentation by end-user
    • Table Segmentation of global guidewires market by end-user 2016 (%)
    • Hospitals
    • ASCs
  • Geographical segmentation
    • Table Global guidewires market by geography 2016 (%)
    • Table Global guidewires market by geography 2021 (%)
    • Table Global guidewires market by geography 2016 and 2021(%)
    • Table Global guidewires market by geography 2016 and 2021 ($ millions)
    • Table Global guidewires market analysis by geography 2016
    • Guidewires market in Americas
      • Table Guidewires market in Americas 2016-2021 ($ millions)
    • Guidewires market in EMEA
      • Table Guidewires market in EMEA 2016-2021 ($ millions)
    • Guidewires market in APAC
      • Table Guidewires market in APAC 2016-2021 ($ millions)
      • Table Global guidewires market segmentation by geography 2016-2021 ($ millions)
      • Table Global guidewires market segmentation by geography 2016-2021 (%)
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
  • Market trends
    • Growing demand for nitinol based guidewires
      • Table Comparison of nitinol versus stainless steel
    • Emergence of next-generation hybrid guidewires
    • Growing demand for soft tapered and intermediate guidewires
    • New product launches and R&D activities
    • Advances in cath labs imaging system and highend installation in hospitals
  • Vendor landscape
    • Competitive scenario
      • Table Competitive structure analysis of global guidewires market 2016
      • Table Competitive parameters in global guidewires market
      • Table Market share of vendors in global guidewires market 2016 (%)
  • Key vendor analysis
    • Abbott
      • Table Abbott: Strength assessment
      • Table Abbott: Strategy assessment
      • Table Abbott: Opportunity assessment
    • Boston Scientific
      • Table Boston Scientific: Strength assessment
      • Table Boston Scientific: Strategy assessment
      • Table Boston Scientific: Opportunity assessment
    • Cook Medical
      • Table Cook Medical: Strength assessment
      • Table Cook Medical: Strategy assessment
      • Table Cook Medical: Opportunity assessment
    • C. R. Bard
      • Table C. R. Bard: Strength assessment
      • Table C. R. Bard: Strategy assessment
      • Table C. R. Bard: 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

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