Guidewires Market 2018 by Material, Application, End User - Global Forecast to 2022 - ResearchAndMarkets.com

DUBLIN--()--The "Guidewires Market by Material (Nitinol, Stainless Steel, Hybrid), Product (Surgical, Diagnostic), Application (Cardiology, Vascular, Neurology, GIT, ENT, Urology, Oncology), End User (Hospital, ASCs) - Global Forecast to 2022" report has been added to ResearchAndMarkets.com's offering.

The Global Guidewires Market is Projected to Reach USD 764.0 Million By 2022 from USD 605.2 Million in 2017, at a CAGR of 4.8%.

The growth witnessed by guidewires is mainly driven by growing target disease incidence, continuous product commercialization by major manufacturers and favorable medical reimbursements for guidewires in developed countries. The government initiatives to control the burden of healthcare-associated infections (HAIs) in developed countries and the increasing healthcare expenditure across emerging markets are also driving the growth of the market.

However, high cost of surgical guidewires, spending cuts & excise duties on medical devices and dearth of skilled surgeons for minimally invasive surgeries are the key challenges faced by a majority of the guidewires manufacturers across the globe.

The global guidewires market is competitive, with a large number of global and local players. In 2016, the market was dominated by Boston Scientific (US), Medtronic (Ireland), Abbott (US), Cook Group (US), and Terumo (Japan). Product launches, market expansions, strategic acquisitions, partnerships, agreements & collaborations were the major strategies adopted by market players to achieve growth in the market.

Market Dynamics

Drivers

  • Increasing Target Disease Incidence
  • Continuous Product Launches By Major Manufacturers
  • Favorable Medical Reimbursements for Guidewires in Developed Countries
  • Rising Adoption of Minimally Invasive Surgical Procedures Across Major Countries
  • Increasing Applications of Guidewires

Restraints

  • High Cost of Surgical Guidewires
  • Spending Cuts & Excise Duties

Opportunities

  • Government Initiatives to Control the Burden of Healthcare-Associated Infections (HAIS) in Developed Countries
  • Increasing Healthcare Expenditure Across Emerging Markets

Challenges

  • Dearth of Skilled Surgeons to Conduct Minimally Invasive Surgeries

Key Industry Trends

  • Strengthening Distribution Capabilities of Major OEMs
  • Ongoing Consolidation of Healthcare Providers in Europe

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Guidewire Market, By Material

7 Guidewire Market, By Product

8 Guidewire Market, By Application

9 Guidewires Market, By End User

10 Guidewires Market, By Region

11 Competitive Landscape

12 Company Profiles

  • Abbott Laboratories
  • Angiodynamics
  • Asahi Intecc
  • B. Braun
  • Boston Scientific
  • C.R. Bard
  • Cardinal Health
  • Cook Group
  • Johnson & Johnson
  • Medtronic
  • Merit Medical Systems
  • Olympus Corporation
  • Stryker Corporation
  • Teleflex
  • Terumo Corporation

For more information about this report visit https://www.researchandmarkets.com/research/gn3mbm/guidewires_market?w=4

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Related Topics: Catheters

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Catheters