Market research on vascular guidewires market– 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.
The analysts forecast global vascular guidewires market to grow at a CAGR of 5.71% during the period 2016-2020. This 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:
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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.
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.
The report, Global Vascular Guidewires Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. This 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.
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