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Global Vascular Guidewires Market 2016-2020

Global Vascular Guidewires Market 2016-2020

About Vascular Guidewires

Vascular guidewires are used in interventional procedures in guiding the catheters to target specific site for treatment. The growing older population is a major contributor to the growth of the market. WHO estimates that about two billion people will be aged 60 and above by 2050. The older adult population is susceptible to chronic diseases, and thus requires frequent care at healthcare facilities. The percutaneous transluminal coronary angioplasty (PTCA) is the most widely used procedure in which guidewires are extensively used followed by angioplasty.

Technavio’s analysts forecast the global vascular guidewires market to grow at a CAGR of 5.71% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global vascular guidewires market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of vascular guidewires to hospitals and ambulatory surgical centers (ASCs).

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Vascular Guidewires Market 2016-2020, 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
Other prominent vendors
  • Asahi Intecc
  • B. Braun Melsungen
  • Biotronik
  • BrosMed Medical
  • CR Bard
  • GaltNeedleTech
  • Gore Medical
  • JOTEC
  • Lepu Medical Technology
  • Merit Medical Systems
  • OptiMed
  • Volcano
Market driver
  • Growing demand for MI procedures
  • For a full, detailed list, view our report
Market challenge
  • Complications and risks associated with guidewires
  • For a full, detailed list, view our report
Market trend
  • Rise in demand for soft-tapered and non-tapered guidewires
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 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 Vascular Guidewires Market 2016-2020

Technavio recognizes the following companies as the key players in the global vascular guidewires market: Abbott Vascular, Boston Scientific, Cordis, Medtronic, and Terumo.

Other Prominent Vendors in the market are: Asahi Intecc, B. Braun Melsungen, Biotronik, BrosMed Medical, CR Bard, GaltNeedleTech, Gore Medical, JOTEC, Lepu Medical Technology, Merit Medical Systems, OptiMed and Volcano.

Commenting on the report, an analyst from Technavio’s team said: “Innovations in technology will be a key trend for market growth. The interventional vascular segment has been witnessing a drastic change with respect to new enhancement in design, feature, and maneuverability of guidewires used in the vascular stenting procedures. This has a significant impact on the vascular guidewires market. For instance, Cardiovascular Systems recently got the US FDA approval for its ViperWire Advance peripheral guidewire in 2015. This guidewire provides improved navigation and flexibility and ease-of-use to arteries that are hard to reach. Most key vendors are developing new technologies to fulfil the unmet medical needs in vascular interventional procedures.”

According to the report, one of the key drivers for market growth will be rise in adoption of vascular procedures. The rise in volume of vascular intervention procedures has led to an increase in demand for vascular guidewires. The guidewires form the first line support and are the most integral part of a procedure. Guidewires help in guiding, coordinating, navigating, and monitoring the catheterization or stenting devices targeted on the specific site. The rise in vascular disorders has led to an increased sales of access devices in treating cardiac and peripheral disorders.

Further, the report states that complications and risks associated with guidewires will be a challenge for the market. Despite the advances in wire and stent technology, the risks associated with guidewire remains a challenge to most surgeons. The guidewires are subjected to high risk of perforation of the distal vessel if allowed to migrate into small side of adjacent branches. The surgeons must monitor and be careful in positioning the wire tip during the procedure. These wires can sometime get caged inside due to improper navigation and may cause risk of wire rupture during pullback.

Companies Mentioned

Abbott Vascular, Boston Scientific, Cordis, Medtronic, Terumo, Asahi Intecc, B. Braun Melsungen, Biotronik, BrosMed Medical, CR Bard, GaltNeedleTech, Gore Medical, JOTEC, Lepu Medical Technology, Merit Medical Systems, OptiMed, Volcano.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
    • Top-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • Vascular guidewires: An overview
    • Background
    • Basics of guidewire technology
    • Definition
    • Regulatory environment
      • Table FDA classification on medical device by type of class
  • Market landscape
    • Market overview
      • Table Market overview: Global vascular guidewires market 2015
      • Table Global vascular guidewires market analysis: Developed and emerging markets
    • Market size and forecast
      • Table Global vascular guidewires market 2015-2020 ($ billions)
      • Table Opportunity analysis: Global vascular guidewires market
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by product type
    • Table Global vascular guidewires market by product type
    • Coronary guidewires
    • Peripheral guidewires
      • Table Global vascular guidewires market by product type 2015-2020 (%)
      • Table Global vascular guidewires market by product analysis 2015
      • Table Market growth lifecycle for coronary and peripheral guidewires 2015
  • Global coronary guidewires market
    • Market overview
    • Market size and forecast
      • Table Global coronary guidewires market 2015-2020 ($ millions)
  • Global peripheral guidewires market
    • Market overview
    • Market size and forecast
      • Table Global peripheral guidewires market 2015-2020 ($ millions)
      • Table Global vascular guidewires market segmentation by product type 2015-2020 ($ millions)
      • Table Global vascular guidewires market segmentation by product type 2015-2020 (%)
      • Table Market insights of global vascular guidewires 2015-2020
  • Market segmentation by end-user
    • Table Global vascular guidewires market segmentation by end-user 2015
  • Geographical segmentation
    • Table Global vascular guidewires market by geography 2015-2020
    • Table Global vascular guidewires geographical overview
    • Table Geographical presence of vascular guidewires market
    • Table Global vascular guidewires market: Lifecycle analysis by geography 2015
    • Vascular guidewires market in Americas
      • Table Vascular guidewires market in Americas 2015-2020 ($ millions)
    • Vascular guidewires market in EMEA
      • Table Vascular guidewires market in EMEA 2015-2020 ($ millions)
    • Vascular guidewires market in APAC
      • Table Vascular guidewires market in APAC 2015-2020 ($ millions)
      • Table Global vascular guidewires market segmentation by geography 2015-2020 ($ millions)
      • Table Global vascular guidewires market segmentation by geography 2015-2020 (%)
  • Buying criteria
    • Table Key buying criteria for vascular guidewires
    • Key
  • Market drivers
    • Increasing incidences of cardiac disorders and rise in older population
    • Rise in adoption of vascular procedures
    • Growing demand for MI procedures
    • Favorable reimbursement policies
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Complications and risks associated with guidewires
    • Growing complexities in manufacturing vascular guidewires
    • Pricing pressure coupled with lack of product differentiation
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Innovations in technology
    • Growing need for cost-effective vascular guidewires
    • Rise in demand for soft-tapered and non-tapered guidewires
      • Table Usage of different vascular guidewires 2015
    • Rise in use of nitinol in vascular guidewires
      • Table Comparison of nitinol versus stainless steel
  • Vendor landscape
    • Competitive scenario
  • Key vendor analysis
    • Abbott Vascular
      • Table Abbott Laboratories: Vascular segment by revenue 2013-2015 ($ billions)
      • Table Key takeaways: Abbott Vascular
    • Boston Scientific
      • Table Boston Scientific: Cardiovascular segment revenue 2013-2015 ($ billions)
      • Table Boston Scientific: Key takeaways
    • Cook Medical
      • Table Cook Medical: Key takeaways
    • Cordis
      • Table Cordis: Key takeaways
    • Medtronic
      • Table Medtronic: Cardiac and vascular group revenue 2013-2015 ($ billions)
      • Table Medtronic: Key takeaways
    • Terumo
      • Table Terumo: Cardiac and vascular segment revenue 2013-2015 ($ billions)
      • Table Terumo: Key takeaways
    • Other prominent vendors
      • Table Other prominent vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

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