Coronary Guidewires Market Size to Reach USD 594.8 Million by 2026, CAGR of 5.7%
Posted on Mar 24 2023 4:09 AM
"Coronary Guidewires Market Size, Share & Industry Analysis, By Material (Nitinol, Stainless Steel, and Others) By Coating (Coated and Non-Coated) By End User (Hospitals, Cardiac Catheterization Laboratories, and Others) and Regional Forecast, 2019-2026 "
The global coronary guidewires market size stood at USD 383.3 million in 2018 and is projected to reach USD 594.8 million by 2026, exhibiting a CAGR of 5.7% during the forecast period.
The Fortune Business Insights Coronary Guidewires Market, discusses various factors driving or restraining the market, which will help the future market to grow with promising CAGR. The Coronary Guidewires Market Research Reports offers an extensive collection of reports on different markets covering crucial details. The report studies the competitive environment of the Coronary Guidewires Market is based on company profiles and their efforts on increasing product value and production.
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Coronary guidewires are thin, flexible wires that are inserted into the coronary arteries during angioplasty or other coronary interventions. They help the interventional cardiologist navigate through the complex network of blood vessels in the heart to access and treat the blocked or narrowed artery. Guidewires come in different shapes, sizes, and materials, and their choice depends on the location and severity of the blockage, as well as the physician's preference and experience. Some guidewires have special features, such as hydrophilic coating, radio-opaque markings, or shape memory, that further facilitate the procedure and improve outcomes. Overall, coronary guidewires are essential tools in modern coronary interventions and have contributed to saving millions of lives worldwide.
Major Key Players in Coronary Guidewires Market Report are:
- Teleflex Corporation
- Boston Scientific Corporation
- Cardinal Health Inc.
- Merit Medical Inc.
- Terumo Medical Corporation
- BIOTRONIK SE & Co.
Report Drivers and Trend Analysis:
Increasing regulatory approvals will propel growth.
Among all the factors, increase in regulatory approval has had the biggest impact on the market growth in recent years. Increased interest in new product development will drive the market growth. In March 2017, Teleflex announced that it had been approved by the US Food and Drug Administration (FDA) for use in Specter in the United States. This product is intended for use in percutaneous procedures and assists in the placement of catheters and other interventional devices in coronary vasculature.
This report highlights some of the major recent developments in the industry and evaluates their impact on market growth.
The Scope of the Report:
The report segments the global Coronary Guidewires Market based on application, type, service, technology, and region. Each chapter under this segmentation allows readers to grasp the nitty-gritty of the market. A magnified look at the segment-based analysis is aimed at giving the readers a closer look at the opportunities and threats in the market. It also addresses political scenarios that are expected to impact the market in both small and big ways. The report on the global Coronary Guidewires Market examines changing regulatory scenarios to make accurate projections about potential investments. It also evaluates the risk for new entrants and the intensity of the competitive rivalry.
Coronary Guidewires Market Segmentation:
- Stainless Steel
By End User
- Cardiac Catheterization Laboratories
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North America to Emerge Dominant; Presence of Favorable Reimbursement Policies to Aid Growth
The report analyzes the ongoing Coronary Guidewires Market trends across North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Among these, the market in North America is likely to dominate the market in the coming years. The presence of numerous modern healthcare institutions and ease of availability of products associated with coronary guidewires will aid the growth of the regional market. The increasing emphasis on the adoption of modern equipment will emerge in favour of market growth. As of 2018, the market in North America was worth USD 128.5 million and this value is likely to increase further in the coming years. The presence of several favorable health reimbursement policies will have a direct impact on the growth of the market in this region. Besides North America, Asia Pacific will witness considerable growth in the coming years, owing to the high prevalence of cardiovascular diseases.
Table of Contents:
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- Technological Advancements in the Coronary Guidewires Market
- New Product Launches by Key Players
- Key Industry Developments: Mergers, Acquisitions & Partnerships
- Regulatory Scenarios
- Trends of Usage of Coronary Guidewires
- Prevalence of Major Cardiovascular Conditions for Key Countries
- Global Coronary Guidewires Market Analysis, Insights and Forecast, 2015-2026
- Key Findings / Summary
- Market Analysis, Insights and Forecast – By Material
- Stainless Steel
- Market Analysis, Insights and Forecast – By Coating
- Market Analysis, Insights and Forecast – By End-user
- Cardiac Catheterization Laboratories
- Market Analysis, Insights and Forecast – By Country
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
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