Market Snapshot:
Guide wire is a medical device used to navigate vessels management. Worldwide, there is a rise in number of cardiovascular diseases with the United States alone accounting for 17 million of deaths per year. It comes in two different configurations which include solid steel core and steel core wire wrapped. Rising geriatrics population and focus on minimally invasive techniques are supplementing the growth of the very market.
Highlights from Guide Wire Market Study
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Largest Market | North America |
Unit | Value (USD Million) |
CAGR | 6.6% |
The key Players profiled in the report are Boston Scientific (United States), Abbott Laboratories (United States), Medtronic (Ireland), Terumo Corporation (Japan), Cook Group (United States), Cardinal Health (United States), Olympus (Japan), Johnson & Johnson (United States), B. Braun (Germany) and C.R. Bard (United States). Additionally, other players that are part of this comprehensive study are Epflex (Ger,many), Shannon MicroCoil (Ireland), Acme Monaco (United States), Infiniti Medical (United States), Custom Wire Technologies (United States), Biotronik (Germany), Hanaco (Israel), Lepu Meidcal (China) and Shenzhen Yixinda (China).
Geographic Breakdown and Segment Analysis
The Global Guide Wire market presents a comprehensive analysis of the Guide Wire market by product type (Angled, J Shape and Straight), by end-user/application (Cardiology, Vascular, Neurology, GIT, ENT, Urology, Oncology and Others), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. This section of our report presents a realistic picture of the Global Guide Wire industry. Investors and Players can easily understand the inherent opportunities and challenges for their products in geographical region of interest. For instance, while the North America holds majority of market share of the Guide Wire market
Analyst at AMA have segmented the market study of Global Guide Wire market by Type, Application and Region.
Influencing Trend:
Focus on Strengthening the Distributional Channels and Growing Focus on Successful and On-tine Completion of Diagnostic and Treatment Process
Market Growth Drivers:
Growing focus on Surgeries which Involves trifle Invasion and Rising Geriatrics Population Worldwide
Challenges:
Lack of Expertise to Operate Minimally Evasive Techniques
Restraints:
High Cost Involved in Guide Wire
Opportunities:
Consolidation in Healthcare Industry in Emerging Countries and Rise in Disposable Income in Emerging Countries
Market Developments Activities:
In October 2022 Accenture has acquired Blackcomb Consultants, a leading independent Guidewire partner in North America. Terms of the transaction were not disclosed
In April 2023,Guidewire has announced Garmisch, the software provider’s latest cloud release. The vendor launched its first cloud release, Aspen, in June 2020, followed by the alphabetically sequenced, ski-resort referencing releases of Banff, Cortina, Dobson, Elysian and Flaine.
Key Target Audience
Original equipment manufacturers (OEMs), Product sales and distribution companies, Healthcare service providers (such as hospitals, diagnostic, and surgical centers), Non-government organizations, Government regulatory authorities, Research laboratories and academic institutes, Clinical research organizations (CROs), Research and development companies and Market research and consulting firms