DUBLIN, June 21, 2019 /PRNewswire/ -- The "Global Neurovascular Guidewires Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2018-2026" report has been added to ResearchAndMarkets.com's offering.
The global neurovascular guidewires market was valued at US$ 265.4 million in 2017 and expected to reach US$ 394.4 million by 2026 at a CAGR of 4.5% during the forecast period from 2018 to 2026. Growing geriatric population, advancement in guidewire technology, and demand for minimally invasive procedures are major factors driving the market growth.
Heart-related disorders or surgical procedures in the application segment holds the major share in the neurovascular guidewires market in 2018. Increase in demand for advanced neurovascular guidewires with enhanced lubrication, simple & easy insertion, and very less patient discomfort has generated a productive opportunity for research and development in the global market.
Growing incidences of cerebral arteriovenous malformations and aneurysms mainly in the elderly population will drive the growth of the market. Additionally, upsurge in interventional diagnostic procedures in hospitals, flow in demand for minimally invasive surgical procedures, and satisfactory reimbursement structure will further spur revenue growth during the forecast period.
However, high costs of advanced devices, burden of cardiovascular diseases with very fewer treatment options, lack of skilled professionals, less awareness and unstructured reimbursement scenario are factors limiting the market growth during the forecast period.
The neurovascular guidewires market in North America is witnessing stable growth due to the presence of multispecialty clinics & hospitals, neurovascular centers, and the availability of top quality treatment options. Additionally, the remarkable adoption of wrapped guidewires and the huge presence of neurovascular medical device manufacturers in the U.S. will drive the market growth globally.
Key Market Movements
- Globally, the neurovascular guidewires market remains to exhibit a lucrative growth with a CAGR of 4.5% for the period from 2018 to 2026
- Based on the material type, the nitinol (nickel-titanium alloy) segment shows lucrative growth with increasing applications in the end user industry
- An increasing number of hospitals, availability of branded products with enhanced applications, and growing healthcare expenditure in the emerging nations will further drive the growth of the neurovascular guidewires market globally
- Major players in this vertical are Stryker Corporation, Cardinal Health, Inc., Boston Scientific Corporation, Cook Medical Incorporated, Medtronic, Inc., Abbott Laboratories, Cordis Corp., Asahi Intecc Co. Ltd., St. Jude Medical, Inc., Lepu Medical Technology (Beijing) Co., Ltd., Terumo Medical Corporation, Integra LifeSciences Corporation, Conmed Corporation and others
Key Topics Covered
Chapter 1. Preface
1.1. Report Description
1.2. Market Segmentation
1.3. Research Scope
1.4. Research Methodology
1.5. Market Segmentation
Chapter 2. Executive Summary
2.1. Global Neurovascular Guidewires Market Portraiture
2.2. Global Neurovascular Guidewires Market, by Type, 2017 (US$ Mn)
2.3. Global Neurovascular Guidewires Market, by Material Type, 2017 (US$ Mn)
2.4. Global Neurovascular Guidewires Market, by Application, 2017 (US$ Mn)
2.5. Global Neurovascular Guidewires Market, by End User, 2017 (US$ Mn)
2.6. Global Neurovascular Guidewires Market, by Geography, 2017 (US$ Mn)
Chapter 3. Global Neurovascular Guidewires Market: Market Dynamics and Future Outlook
3.1. Market Overview
3.2. Neurovascular Device Technologies: Market Trends
3.3. Current Scenario: Mergers & New Product Launches
3.4. Drivers
3.5. Challenges
3.6. Opportunities
3.7. Attractive Investment Proposition, by Geography, 2017
3.8. Competitive Landscape, by Key Players, 2017
Chapter 4. Global Neurovascular Guidewires Market, by Type, 2016-2026 (US$ Mn)
4.1. Overview
4.2. Solid Guide Wire
4.3. Wrapped Guide Wire
Chapter 5. Global Neurovascular Guidewires Market, by Material Type, 2016-2026 (US$ Mn)
5.1. Overview
5.2. Stainless Steel
5.3. Nitinol (Nickel- Titanium Alloy)
5.4. Others
Chapter 6. Global Neurovascular Guidewires Market, by Application, 2016-2026 (US$ Mn)
6.1. Overview
6.2. Heart
6.3. Liver
6.4. Kidney
6.5. Others
Chapter 7. Global Neurovascular Guidewires Market, by End User, 2016-2026 (US$ Mn)
7.1. Overview
7.2. Hospitals & Specialty Clinics
7.3. Neurology Centers
7.4. Ambulatory Surgical Centers
Chapter 8. Global Neurovascular Guidewires Market, by Geography, 2016-2026 (US$ Mn)
8.1. Overview
8.2. North America Neurovascular Guidewires Market Analysis, 2016-2026
8.3. Europe Neurovascular Guidewires Market Analysis, 2016-2026
8.4. Asia-Pacific Neurovascular Guidewires Market Analysis, 2016-2026
8.5. Latin America Neurovascular Guidewires Market Analysis, 2016-2026
8.6. Middle East & Africa (MEA) Neurovascular Guidewires Market Analysis, 2016-2026
Chapter 9. Company Profiles
9.1. Stryker Corporation
9.1.1. Business Description
9.1.2. Financial Information (Subject to data availability)
9.1.3. Product Portfolio
9.1.4. Key Developments
9.2. Cardinal Health, Inc.
9.3. Boston Scientific Corporation
9.4. Cook Medical Incorporated
9.5. Medtronic, Inc.
9.6. Abbott Laboratories
9.7. Cordis Corp.
9.8. Asahi Intecc Co. Ltd.
9.9. St. Jude Medical
9.10. Lepu Medical Technology (Beijing) Co. Ltd.
9.11. Terumo Medical Corporation
9.12. Integra LifeSciences Corporation
9.13. Conmed Corporation
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