June 08, 2020
According to the research report titled ‘Guidewires Market Size By Material, By Coating, By Application, By End-use, Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2020 – 2026’, available with Market Study Report LLC, global guidewires market is expected to register substantial growth by the year 2026.
Advancements in medical technology along with increased pervasiveness of neurovascular and cardiovascular disorders are major factors driving the guidewires market growth. The product is constructed to direct vessels to reach lesion. It acts as a guide which allows large catheters to easily arrive at the treatment site. Guidewires are majorly adopted to ease the installation of therapeutic devices in percutaneous interventional procedures.
The product is primarily defined by its torque, pushability, steerability and opacity, in which opacity showcases its visibility through fluoroscopic imaging. Steerability is the ability or responsiveness of the wire tip while exploring vessels. Pushability is the volume of force required to push the wire and torque is the response of wire to turning while navigating vessels.
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As per material type, hybrid guidewires market segment is predicted to expand significantly during the study period. This type of guidewire is made from the combination of various materials such as nickel, stainless steel and titanium. They are offer benefits of both stainless steel and nitinol for excellent navigation. Moreover, hybrid guidewires are largely adopted in urology since they have atraumatic tip. The product offers access-based solution for numerous pathologies, complex anatomies and treatment modalities.
In terms of coating, coated guidewires market segment is projected to showcase healthy growth in the forthcoming years. Coated guidewires are smoother and consistent with constricted tolerances, hence are widely used for various applications. Some guidewires are coated with silicone or PTE (polytetrafluoroethylene) in order to improve lubricity. Furthermore, guidewires with hydrophilic coatings help in reducing the friction during deployment which further eases the movement in tortuous vessels.
Global guidewires market share from neurovascular application is expected to grow substantially during the analysis timeframe. The product allows easy access past obstacles as well as aids in negotiating with tortuous anatomy. Guidewires offer low coefficient of friction which further facilitates in tracking and progression of catheter.
Citing the end-use landscape, hospitals segment is slated to contribute remuneratively during the forecast period. Easy availability of cardiovascular devices and other equipment to carry out cardiovascular treatments in hospital settings is fueling the segmental growth.
Regionally, Latin America guidewires market is anticipated to showcase momentous growth during the estimated timeframe. Rising consumption of high calorie food has increased the cholesterol levels among youngsters. Thus, high occurrence of cardiovascular diseases is augmenting the regional demand for guidewires.
The prominent companies operating in global guidewires market are Terumo Corp., Stryker Corp., Olympus Corp., Medtronic Plc., Cardinal Healthcare Inc., Cook Group Inc., Boston Scientific Corp., B. Braun Melsungen AG, Asahi Intecc Co. Ltd., AngioDynamics Inc. and Abbott Laboratories.