Global urology guidewires market forecast
According to urology guidewires industry analysis, the global urology guidewires market will grow at a CAGR of close to 7% during the forecast period. The growing demand for minimally invasive (MI) procedures and the surgical management of urinary stones is one of the key factors that will drive the urology guidewires market growth in the coming years. The number of urological surgeries has increased due to the growing preference for MI surgeries over open surgical methods.
Various MI procedures performed to treat urological disorders include prostatic stenting, holmium laser enucleation of the prostate (HoLEP), high-intensity focused ultrasound (HIFU), and transurethral electroporation of the prostate (TUVP). The emergence of MI procedures such as interstitial laser coagulation (ILC), transurethral needle ablation (TUNA), photoselective vaporization (PVP), transurethral microwave thermotherapy (TUMT), and catheterization will also increase the number of urological procedures in various healthcare units. This, in turn, will drive the need for urology guidewires during the estimated period to perform these urological procedures.
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Urology guidewires market growth based on geographies
The growing awareness about the availability of various surgeries such as prostatectomy, nephrectomy, cystectomy, and pyeloplasty will drive the application for urology guidewires in the Americas until 2021. The dependence of surgeons on advanced devices such as guidewires, catheters, and retrieval devices to perform safe and accurate procedures will also boost the use of urology guidewires in this region.
Urology guidewires market: Competitive landscape and key vendors
The urology guidewires market is characterized by the presence of both local and global vendors. These vendors are introducing advanced designs to enhance their product portfolios and expand their customer base. Advancements in technology, product extensions, and an increase in mergers and acquisitions will strengthen the competitive environment of the ureteral guidewires market in the coming years.
Key vendors in the urology guidewires market
- Boston Scientific
- Terumo Medical
- Cook Medical
- Olympus America
- C. R. Bard
Urology guidewires market segmentation by product
- Steel-based urology guidewires
- Nitinol-based urology giudewires
The steel-based urology guidewires segment contributed to the maximum market shares of the ureteral guidewires market during 2016. The low friction properties of these guidewires reduce risks and complications during their retrieval. The adoption of stainless steel urology guidewires will continue to increase during the forecasted period because of their wide accessibility and shaft stiffness.
Urology guidewires market segmentation by end-user
The majority of patients prefer hospitals over other healthcare centers since they closely work with reimbursement authorities and government organizations to obtain discounts for bulk purchases of urological guidewires. Urological procedures are conducted in the outpatient setting in large hospitals. Hospitals will continue to be the largest end-user of urological guidewires during the coming years since they are well-equipped with high-quality surgical instruments.
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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 urology guidewires market?
- What are the key market trends impacting the growth of the global urology guidewires market?
- What are the challenges to market growth?
- Who are the key vendors in the global urology guidewires market?
- What are the market opportunities and threats faced by the vendors in the global urology guidewires market?
- What are the 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 urology guidewires market?
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