Global Guidewires Market Overview:
The guidewire is designed to navigate vessels to reach the vessel segment. It works as a guide that larger catheters that rapidly follow for easier delivery to the treatment site. The development in healthcare is driving huge demand for guide wires. These are wire are having basically two basic configuration solid steel, or nitinol core wires, and solid core wire. These are available on online and offline platforms. Some of the players profiled in the study are Medtronic plc (Ireland), Boston Scientific Corporation (United States), Cook Group (United States), Terumo Corporation (Japan), Abbott Laboratories (United States), Stryker Corporation (United States), Cardinal Health (United States), Olympus Corporation (Japan), Johnson & Johnson (United States) and B. Braun Melsungen AG (Germany).
On the basis of geography, the market of Guidewires has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End Users, the sub-segment i.e. Hospitals, Diagnostic Centers, and Surgical Centers will boost the Guidewires market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Materials, the sub-segment i.e. Nitinol Guidewires will boost the Guidewires market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers
- The Rise in Occurrence Regarding Target Disease
- Increase Investment in Strategic Initiatives
- Growing Demand from Minimally Invasive Surgical Procedures across Major Economies
- Strengthening Distribution Capabilities of Major OEMs
- Upsurge in Market Competencies
- High Cost Associated with Surgical Guidewires
- Fluctuation in Price of Raw Materials
- Increase in Government Initiatives to Control the Burden of Healthcare-Associated Infections Across Developed Economies
- Increasing Healthcare Expenditure Across Emerging Markets
- Lack of Skilled Professionals
The Manufacturers operating in this market are heavily investing in technology development, along with increasing investment in research and development. This market is highly fragmented by leading players. In terms of geography, various other local and multinational players are operating. The market is experiencing huge market growth opportunities, to capture these the players are adopting mergers & acquisitions, expansions, investments, new product launches, and collaborations as their strategies.
Target Audience:Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Guidewire Manufacturers, Suppliers and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Use Industries
Major Objectives Focused through this Study To define, describe, and forecast the Global Guidewires market on the basis of product [Surgical and Diagnostic] , application [Cardiology, Vascular, Neurology, Urology, Gastroenterology, Oncology and Otolaryngology], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Guidewires market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Guidewires industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization: Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Players which are also part of the research are C.R. Bard Inc. (United States), Teleflex Incorporated (United States) and Angiodynamics (United States).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Guidewires market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.