About Coronary Guidewires
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 coronary 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 coronary guidewire.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Competition among existing players is due to Coronary Guidewires market share occupied by leading players. The industry leader is engaged in offering innovative and superior quality products to cater to the ever-growing demand for Coronary Guidewires Market. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Coronary Guidewires market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Boston Scientific (United States), Abbott Laboratories (United States), Terumo Medical Corporation (Japan), Cardinal Health, Inc. (United States), Merit Medical Systems (United States), Integer Holdings Corporation (United States), BIOTRONIK SE & Co. KG (Germany), Medtronic PLC (United States), JOTEC GmbH (Germany), QXMedical, LLC (United States), Alcon (Part of Novartis AG) (Switzerland) and Johnson and Johnson Services, Inc. (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Coronary Guidewires market by Type (Coated [Hydrophobic, Hydrophilic] and Non-Coated) and Region.
On the basis of geography, the market of Coronary 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 Tip Flexibility, the sub-segment i.e. Intermediate will boost the Coronary Guidewires market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End-User, the sub-segment i.e. Hospitals & Clinics will boost the Coronary Guidewires market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Core Material Type, the sub-segment i.e. Stainless Steel will boost the Coronary Guidewires market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Awareness about Heart Diseases for Checkups
Market Growth Drivers:
Growing Prevalence of Cardiovascular and Renal Diseases and Increasing Number of Interventional Radiology Procedures
Challenges:
Stringent Regulatory norms regarding Healthcare Devices and Risk of Harmful Radiations from the Devices
Restraints:
High Cost of Minimally Invasive Surgeries and Complications Associated With Guidewire Use
Opportunities:
Increasingly focusing on their R&D and Technology Advancement in Interventional Cardiology Devices
Market Leaders and their expansionary development strategies
In February 2020- Integer Holdings Corporation (“Integer”), a leading medical device outsource manufacturer, announced it has acquired Inomec, formally establishing its presence in Israel.
In April 2022, Boston Scientific Corporation announced the launch of its new Kinetix Guidewire for use in percutaneous coronary intervention (PCI) procedures. Guidewires are small flexible wires physicians use to deliver interventional devices such as drug-eluting stents. The Kinetix Guidewire features a unique micro-cut nitinol sleeve designed for significantly improved torque control compared to conventional spring coil guidewires. The Kinetix Guidewire represents the first major advance in coronary guidewire technology in nearly a decade.
FDA recommends that you provide engineering drawing(s) with all dimensions, tolerances, and components clearly labeled (e.g., tip configuration, tip performance, and dynamic material interactions (e.g., mechanism to control tip deflection)). and FDA recommends that each material(s) be clearly identified along with its corresponding contact duration. We recommend identifying both the generic material(s) of construction and the unique material identifier(s). If your device includes coating(s), we recommend that you identify the coating name, chemical formulation, coating purpose, whether the coating is hydrophobic or hydrophilic, thickness, length, location and details of how the coating is applied to the guidewire substrate.
Key Target Audience
Manufacturers of Coronary Guidewire, Suppliers of Coronary Guidewire, Wholesalers, Distributors and Retailers of Coronary Guidewire, Healthcare Industry, Raw Material Providers and Regulatory Bodies
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
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, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.