Global Coronary Guidewires Market 2017-2021

Coronary guidewires market share

Market research analysts at Technavio predict that the global coronary guidewires market will grow steadily over the forecasted period and post a CAGR of more than 5% by 2021. This market research analysis identifies the increasing incidence of cardiac disorders and rises in the geriatric population as one of the primary growth factors for this market.

The growing geriatric population is responsible for high incidence of cardiac disorders as with old age, they become susceptible to disorders associated with the heart such as CADs, carotid artery stenosis, and myocardial infarction, in addition to, suffering from obesity and diabetes. The risk of strokes and heart attacks increases due to lack of physical activity, unhealthy diet, tobacco consumption, and high blood cholesterol

Coronary guidewires market trends

Nitinol utilization has increased tremendously in surgical and medical specialties, both on therapeutic and diagnostic sides, due to its biocompatibility and thermo-mechanical characteristics. Nitinol can overcome a wide range of design and technical issues. Nitinol provides excellent biocompatibility, recovering elongation, resistivity, steerability, and superelasticity, which are favorable in manufacturing the vascular guidewires. The market analysis identifies the rise in the use of nitinol in coronary guidewires as one of the key trends behind the growth of this market.

Coronary guidewires market growth: Competitive landscape and key vendors

The market is moderately competitive and fragmented due to several global and regional players competing in terms of quality, features, and capability. The vendors adopt competitive pricing to secure their market share and engage in M&A’s to grow inorganically by acquiring regional or local players. The competition will further increase due to technological innovations, product extensions, and an increase in M&A’s.

The leading vendors in the coronary guidewires market

• Abbott Vascular
• Boston Scientific
• Cordis, Medtronic
• Terumo Medical

Coronary guidewires market segmentation by core material

• Steel-based
• Nitinol-based

Stainless steel is used as the central core material as it provides steerability and support to the wires, enables easy steering through challenging vessels with torque response, and the hydrophilic coating ensures low friction and smooth tracking. Stainless steel cores are easy to weld, optimize torque transmission, and offers great support for the delivery of medical devices.

Coronary guidewires market segmentation by end-user 

• Hospitals
• ASCs (Ambulatory Surgery Centre)
• Cath labs

Coronary guidewires are used primarily in hospitals that engage closely with many suppliers to procure therapeutic devices and medicinal products (guidewires, catheters, and stents) and with government organizations to aid the treatment of patients. Hospitals will account for the major shares of this market throughout the forecast period.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global coronary guidewires market?
• What are the key market trends impacting the growth of the global coronary guidewires market?
• What are the challenges to market growth?
• Who are the key vendors in the global coronary guidewires market?
• What are the market opportunities and threats faced by the vendors in the global coronary guidewires market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global coronary guidewires market?

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