DUBLIN--(BUSINESS WIRE)--The "Peripheral Guidewires Market by Application and Geography - Forecast and Analysis 2020-2024" report has been added to ResearchAndMarkets.com's offering.
Global Peripheral Guidewires Market: About this market
The peripheral guidewires market analysis considers sales from both interventional and diagnostic applications. Our study also finds the sales of peripheral guidewires in Asia, Europe, North America, and ROW. In 2019, the interventional segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as advances in guidewire designs will play a significant role in the interventional segment to maintain its market position. Also, our global peripheral guidewires market report looks at factors such as increasing demand for MI procedures, increasing incidence of peripheral vascular diseases (PVD), and increasing awareness about PVD. However, stringent regulatory framework, shortage of vascular surgeons, and lack of access to quality healthcare in underdeveloped regions may hamper the growth of the peripheral guidewires industry over the forecast period.
Global Peripheral Guidewires Market: Overview
Increasing demand for MI procedures
Minimally invasive procedures are a revolutionary substitute for large surgical incisions. MI procedures are replacing conventional surgical procedures to ensure better outcomes and cut down on the overall healthcare cost. MI procedures help to lower the chances of infection, eliminates complications, and shortens the duration of hospital stay. Peripheral guidewires are MI medical supplies that are extensively used to access the peripheral vessels in the body to ensure precision in interventional procedures or surgeries. Therefore, with the increasing preference for MI procedures will lead to the expansion of the global peripheral guidewires market at a CAGR of almost 7% during the forecast period.
Advances in guidewire technology
Manufacturers operating in the market are launching more advanced peripheral guidewires that yield improved clinical outcomes and provide an improved diagnostic and interventional experience. the emergence of nitinol-based peripheral guidewires has created new opportunities for end-users, owing to beneficial features, such as superelasticity, maximal deflection, and desirable shapes that do not allow kinking. Technological advances have enabled manufacturers to offer customized peripheral guidewires depending on the requirement and application. This development is expected to have a positive impact on the overall market growth.
Key Topics Covered:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
- Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
- Market ecosystem
- Market characteristics
- Market segmentation analysis
PART 04: MARKET SIZING
- Market definition
- Market sizing 2019
- Market Outlook
- Market size and forecast 2019-2024
- Value chain analysis
PART 05: FIVE FORCES ANALYSIS
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
PART 06: MARKET SEGMENTATION BY APPLICATION
- Market segmentation by application
- Comparison by application
- Interventional - Market size and forecast 2019-2024
- Diagnostic - Market size and forecast 2019-2024
- Market opportunity by application
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
- Geographic segmentation
- Geographic comparison
- North America - Market size and forecast 2019-2024
- Europe - Market size and forecast 2019-2024
- Asia - Market size and forecast 2019-2024
- ROW - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
- Market drivers
- Market challenges
PART 11: MARKET TRENDS
- Advances in guidewire technology
- Rise in medical tourism in emerging economies for cardiac and vascular
- Mergers and acquisitions
PART 12: VENDOR LANDSCAPE
- Landscape disruption
- Competitive scenario
PART 13: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Abbott Laboratories
- Asahi Intecc Co. Ltd.
- B. Braun Melsungen AG
- Becton, Dickinson, and Co.
- Boston Scientific Corp.
- Cardinal Health Inc.
- Cook Group Inc.
- Medtronic Plc
- Merit Medical Systems Inc.
- Terumo Corp.
For more information about this report visit https://www.researchandmarkets.com/r/5rbmfe