The recently released report by Allied Market Research, titled Global Vascular Guidewires Market Report is designed in a way that helps readers gain complete knowledge of the entire market scenario and is the most profitable sector. Research reports also provide statistically accurate data. It examines the historical accomplishments and recent opportunities present in the global Vascular Guidewires market. Allied Market Research focus on consumption, region, type, application-specific, and competitive composition. The report mainly splits data from each region to analyze major companies, applications, and product types.
A guidewire is a long and flexible spring that assists the introduction and placement of implantable medical devices into a patient’s body. Vascular guidewires are used during various interventional cardiology procedures (including placement of angioplasty balloons, stents, and inferior vena cava filters) as they guide a surgeon for the correct placement of these devices.
The global vascular guidewires market size in 2017 is $883 million, and is projected to reach $1,336 million by 2025, growing at a CAGR of 5.4% from 2018 to 2025.
Rise in prevalence of cardiovascular disorders, increase in geriatric population, demand for minimally invasive procedures, and rapid technological advancements in guidewires drive the market. However, risks and complications associated with guidewires, and availability of effective conventional treatment options restrict the market growth. Conversely, increase in use of nitinol in vascular guidewires and growth opportunities in the emerging economies of the Asia-Pacific and LAMEA regions are expected to provide several opportunities for the market growth during the forecast period.
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Main Drivers and Barriers
High-impact rendering factors and drivers have been studied in this report to assist readers in understanding general development. In addition, the report includes restraints and challenges that can serve as stumbling blocks in the path of players. This will help users to make meticulous and business-related informed decisions. Experts also focused on the upcoming business prospects.
Which market perspectives are enlightened in the Vascular Guidewires market report?
Executive Summary: It covers a summary of the most vital studies, the Worldwide Vascular Guidewires market increasing rate, modest circumstances, market trends, drivers and problems as well as macroscopic pointers.
Study Analysis: This covers major players, vital market segments, the scope of the products offered in the Vascular Guidewires market, the years measured and the study points.
Competitive Analysis: In this segment each player is screened based on a products, services, value, SWOT analysis, growth and other significant features.
Geographic Analysis: This Vascular Guidewires market report analyses data on the basis of production, sales, imports & exports, and key players in all regional markets.
Vascular Guidewires Market Segments and Sub-segments:
Vascular Guidewires Market by Key Players: Abbott Laboratories, B. Braun Melsungen AG, Becton, Dickinson and Company (C.R. Bard), Biotronik SE & Co. KG, Boston Scientific Corporation, Cardinal Health, Inc., Cook Medical Inc., Olympus Corporation, and Terumo Corporation
Vascular Guidewires Market by Application: Coronary Guidewires, Peripheral Guidewires, Urology Guidewires, Neurovascular Guidewires
Vascular Guidewires Market by Coating Type: Coated, Non-Coated
Vascular Guidewires Market by End User: Hospitals, Ambulatory Surgical Centers (ASCs)
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Key Findings of the Vascular Guidewires Market:
- Based on end user, the hospitals segment accounted for three-fifths of the total market in 2017.
- Based on coating type, the hydrophilic coating segment accounted for more than half of the total market in 2017.
- Asia-Pacific is expected grow at the highest CAGR of 6.2%, owing to the presence of ample growth opportunities in terms of unmet medical needs for the treatment of vascular disorders.
- In terms of volume, North America accounted for one-third of the total volume market in 2017.
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