Industry Background:
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.
According to AMA Research, the market for Guidewires is expected to register a CAGR of 4.9% during the forecast period to 2027. This growth is primarily driven by The Rise in Occurrence Regarding Target Disease
.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Volume Unit | K Tons |
Value Unit | USD (Million) |
Dominating Type | Diagnostic |
Key Companies in Study | 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) |
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 Supplies 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.
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.
Market Drivers
- The Rise in Occurrence Regarding Target Disease
- Increase Investment in Strategic Initiatives
- Growing Demand from Minimally Invasive Surgical Procedures across Major Economies
Market Trend
- Strengthening Distribution Capabilities of Major OEMs
- Upsurge in Market Competencies
Restraints
- High Cost Associated with Surgical Guidewires
- Fluctuation in Price of Raw Materials
Opportunities
Increase in Government Initiatives to Control the Burden of Healthcare-Associated Infections Across Developed Economies and Increasing Healthcare Expenditure Across Emerging Markets
Challenges
Lack of Skilled Professionals
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 mostly 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 growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
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, Guidewires Study Sheds Light on
The Guidewires Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Guidewires industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Guidewires industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey, 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.