Industry Background:
Diagnostic Guidewires are as critical as any tool in the interventional cardiology toolbox-without the right guidewire to access and deliver devices to a lesion, successful treatment through percutaneous coronary intervention (PCI) is impossible. The right guidewire can lead to better outcomes, reduced procedure times, and increased procedural throughput. The complexity and variability of guidewires have expanded greatly over three decades of competitive iteration and innovation. Design elements now include a wide array of primary, secondary, and tertiary design elements. Manufacturers combine these elements in various ways to engineer wires with performance characteristics that target specific technical challenges. In parallel, PCI operators have discovered performance properties that were not intended by design, but which emerge as important in real-world use. The technology involved in engineering guidewires includes three areas: a selection of materials, design of the configuration, and development of the construction process to fabricate the guidewire.This growth is primarily driven by Increasing Target Disease Incidence
.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Volume Unit | K Unit |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Health Care Equipment sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as 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), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In October 2023, Haemonetics Corporation, a global medical technology company focused on delivering innovative medical solutions to drive better patient outcomes,had acquired OpSens, Inc. a medical device cardiology-focused company delivering innovative solutions based on its proprietary optical technology.
In November 2023, US-based Xenter has launched a new dual-sensor investigational guidewire for use during transcatheter aortic valve replacement (TAVR) procedures. The functionality of this guidewire enables the comprehensive collection and analysis of data. It also helps to provide the required data for new artificial intelligence (AI) decision-making tools.The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Influencing Trend:
Strengthening Distribution Capabilities of Major OEMs
Market Growth Drivers:
Increasing Target Disease Incidence, Continuous Product Launches By Major Manufacturers and Favorable Medical Reimbursements for Diagnostic Guidewire in Developed Countries
Challenges:
Dearth of Skilled Surgeons to Conduct Minimally Invasive Surgeries
Restraints:
High Cost of Diagnostic Guidewire and Spending Cuts & Excise Duties
Opportunities:
Government Initiatives to Control the Burden of Healthcare-Associated Infections (HAIS) in Developed Countries and Increasing Healthcare Expenditure Across Emerging Markets
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Diagnostic Guidewire Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Diagnostic Guidewire Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Diagnostic Guidewire players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Diagnostic Guidewire Study Sheds Light on
The Diagnostic Guidewire Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Diagnostic Guidewire industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Diagnostic Guidewire industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.