PORTLAND, Oregon and PUNE, India, April 19, 2017 /PRNewswire/ --
According to anew report published by Allied Market Research, titled, "Vascular Guidewires Market: Global Opportunity Analysis and Industry Forecast, 2014-2022," the global market was valued at $1,051
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A guidewire is a long and flexible spring that assists the introduction and placement of implantable medical devices into a patient's body. Vascular guidewires are used during various interventional cardiology procedures (including placement of angioplasty balloons, stents, and inferior vena cava filters) as they guide a surgeon for the correct placement of these devices.
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Rise in prevalence of cardiovascular disorders, increase in geriatric population, demand for minimally invasive procedures, and rapid technological advancements in guidewires drive the market. However, risks and complications associated with guidewires, and availability of effective conventional treatment options restrict the market growth. Conversely, increase in use of nitinol in vascular guidewires and growth opportunities in the emerging economies of the Asia-Pacific and LAMEA regions are expected to provide several opportunities for the market growth during the forecast period.
Coronary guidewires segment is expected to maintain its dominant position throughout the analysis period, mainly due to due to the increase in prevalence of cardiac disorders globally. Peripheral guidewires segment is expected to grow at the highest CAGR of 7.7% from 2016-2022, owing to increased demand for minimally invasive procedures for peripheral interventions.
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KEY FINDINGS OF VASCULAR GUIDEWIRES MARKET:
North America accounted for majority of the share (nearly two-fifths) in the market in 2015, and is expected to remain dominant throughout the forecast period. This is attributed to the increase in incidence of cardiovascular diseases, unhealthy diet habits, lack of necessary physical activity, increase in the elderly population, and favorable reimbursement rates for interventional procedures. In addition, the high adoption rate of technologically advanced devices and presence of highly sophisticated healthcare infrastructure are anticipated to provide new growth opportunities for the key players in this market.
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The major companies profiled in the report include Abbott Laboratories, B. Braun Melsungen AG, Biotronik SE & Co. KG, Boston Scientific Corporation, C. R. Bard, Inc., Cardinal Health, Inc., Cook Medical, Inc., Medtronic plc, Terumo Corporation, and The Spectranetics Corporation.
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions". AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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SOURCE Allied Analytics LLP
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