Guidewires Market Growth Analysis, Latest Trends and Forecast

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Guidewires Market Trends 2021 Expert Review,
SWOT Analysis, Segmentation, Outlook, Industry
Report to 2030 FMI Report

• April 2021

Report Id   REP-GB-11706 Published On
 2020-06-19Category Healthcare,
Pharmaceuticals Medical Devices
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Research Methodology (1/2)

• Systematic Research Approach

In-depth secondary research is used to ascertain overall market size, top industry players, top products, industry associations, etc.
FMI formulates a detailed discussion guide to conduct expert and industry interviews
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• Channel study
• Developments
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• Conclusions

SOLUTION

• Market participants
• Key strengths
• Product portfolio
• Mapping as per value chain
• Key focus segments

Primary Research
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includes sources of databases
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Guidewires Market Analysis
As per FMI, the global guidewires market is
slated to value US 3.3 Bn in 2020 and expected
to witness a substantial CAGR of over 6.0
between 2020 and 2030.The global guidewires
market is slated to reach US 6.0 Bn by 2030
according to a new study by consulting firm
Future Market Insights. As end-user demand for
treating various diseases accelerates, guidewires
production has picked up pace in recent
years. Advancements in guidewire tip technologies
has increased adoption of interventional
radiology techniques in image-guided diagnosis
and treatment of diseases. Interventional
radiology has significantly improved patient
recovery outcomes. This is because the procedure
involves minimum risk, less pain and faster
recovery time compared to open surgery.
Interventional radiology is highly suitable for
vascular, gastrointestinal, hepatobiliary,
pulmonary and genitourinary diseases. As the
incidences of non-communicable diseases (NCDs)
such as cancer, diabetes and chronic respiratory
diseases continue to increase, healthcare
providers are making concerted efforts to reduce
their prevalence by providing sophisticated
medical care. Therefore, adoption of
technologically enhanced guidewires has acquired
immense importance. Over the years, minimally
invasive surgeries have become highly popular,
due to the need to reduce trauma. On the back of
this, guidewires adoption has boomed. Guidewire
engineering has transitioned towards advanced
lesions such as chronic total occlusions (CTO)
which are more adept at improving cardiac
anomalies by improving ischemia and improve left
ventricular function. Therefore, market players
are introducing innovative products to cater to
CTO lesions.
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Guidewires Market Analysis

• A minor blip is anticipated for the guidewires
  market from the coronavirus pandemic. Due to the
  imposition of lockdowns, many manufacturers are
  operating at reduced capacities, limiting daily
  output of guidewires. This has generated a
  significant disequilibrium in the demand-supply
  dynamics. This mismatch is anticipated to prevail
  until the last quarter of 2020, until production
  resumes at full capacity.
• Request report sample with 300 pages to gain
  in-depth market insights at https//www.futuremark
  etinsights.com/reports/sample/rep-gb-11706
• Guidewire manufacturers need to concentrate on
  cost management and product distribution by
  collaborating with regional players in order to
  expand geographical presence. Furthermore,
  widening the product portfolio by virtue of
  introducing technologically enhanced guidewires
  is a trump card for market success, which is
  being capitalized upon, infers an FMI analyst.
• Key Takeaways from the Guidewires Market Study
• The global guidewires market shall expand at a
  rate of 6.0 in 2020, driven by increased
  adoption of guidewires for minimally invasive
  coronary heart diseases
• By application, coronary and peripheral
  guidewires shall collectively capture over 60 of
  the market share during the forecast period

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Guidewires Market Analysis

• Stainless steel guidewires are the most
  extensively used due to their high ductility,
  support and torque, making it the highest revenue
  generator by material type
• North America remains the most lucrative
  guidewires market, generating nearly 2/5th of the
  total revenue in the market
• Buy Report _at_ https//www.futuremarketinsights.com/
  checkout/11706
• Competition Analysis
• In this chapter, readers can find a comprehensive
  list of all the leading stakeholders in the
  guidewires market, along with detailed
  information about each company, including company
  overview, revenue shares, strategic overview, and
  recent company developments. Players featured in
  the market report include Boston Scientific
  Corp., Becton, Dickinson and Company, Teleflex
  Incorporated, Abbott, Cook Medical Inc., Stryker
  Corporation, Merit Medical Inc. Medtronic Plc.,
  Cardinal Health, Terumo Corporation and Olympus
  Corporation among others.

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Guidewires Market Analysis

• Guidewires Market Taxonomy
• Product Type
• Diagnostic Guidewires
• Hydrophilic Guidewires
• Hydrophobic Guidewires

• Application
• Coronary Guidewires
• Peripheral Guidewires
• Urology Guidewires
• Radiology Guidewires
• Neurovascular Guidewires
• Gastroenterology Guidewires
• Others

• Interventional Guidewires
• Hydrophilic Guidewires
• Hydrophobic Guidewires

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Guidewires Market Analysis

• Material Type
• Nitinol Guidewires
• PTFE Guidewires
• Stainless Steel Guidewires
• Hybrid Guidewires

• Tip Shape
• J Tip
• Angled Tip
• Straight Tip

• End User
• Hospitals
• Ambulatory Surgical Centers
• Cardiac Catheterization Laboratories
• Specialty Clinics

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