Neurovascular Guidewires Market

Neurovascular Guidewires Market: Positive Clinical Trial Outcomes Boosting the Rate of Adoption: Global Industry Analysis 2013-2017 and Opportunity Assessment 2018-2028

  • 2019-04-02
  • REP-GB-3121
  • 53 Tables
  • 273 Figures
  • 269 pages
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 Neurovascular Guidewires Market
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Neurovascular Guidewires – Potent Innovation in Neurointervention Space

Healthcare providers’ growing gravitation towards advanced and minimally invasive surgical instruments has paced up the demand for neurovascular guidewires. Wide prevalence of neurovascular diseases, especially strokes and cerebral infarctions, coupled with the growing need for surgical procedures is sustaining growth in neurovascular guidewires market. The neurovascular guidewires market is expected to expand on the back of various neurointervention-associated on-going clinical trials and the positive results of existing studies.

neurovascular guidewires market snapshot

Neurovascular Guidewires Market - Key Research Findings

  1. Global neurovascular guidewires market size in 2018 – Nearly US$ 262 Mn

  2. Neurovascular guidewires market is projected to record a CAGR of 3.9% during the forecast period (2018–2028).

  3. According to the Centers for Disease Control and Prevention (CDC),

    • The prevalence of ischemic strokes (2016) was approximately 87% in the US alone.

  4. North America and Europe will remain the largest regional markets for neurovascular guidewires.

    • The rising number of minimally invasive surgeries & neurovascular neuroradiology procedures, advancements in technology, the adoption of new equipment, and the rising prevalence of neurovascular diseases are among the key factors that are likely to assist growth of the neurovascular guidewires market.

  5. East Asia holds a high growth potential for the neurovascular guidewires market, as the demand for new treatment options is rapidly increasing, driven by the rising burden of aneurysm and neurovascular diseases in the region.

  6. Straight tip guidewires are likely to witness maximum growth rate in the neurovascular guidewires market through 2028.

    • The nature of micro-sensors and fiber optics, ease of operability, and high accuracy in neurovascular intervention procedures have resulted ain extensive usage of laser straight tip guidewires.

neurovascular guidewires market

Top 4 Factors Shaping the Neurovascular Guidewires Market

  • Rising number of minimally invasive surgeries and neurovascular neuroradiology procedures

According to the Centers for Disease Control and Prevention, about 87% of all strokes are ischemic strokes and around 10% of these strokes result in death within a period of one month. According to the American Stroke Association, the annual stroke prevalence in the US reach around 800,000 – resulting in approximately 130,000 deaths, every year.

The World Health Organization claims that one death by stroke occurs every 10 seconds around the world. The rising prevalence of neurovascular diseases, especially strokes & cerebral infarctions, and the requirement of surgical procedures, are expected to drive the neurovascular guidewire market.

More than 50 million surgical procedures were performed in the US in 2016 and every year, the number of surgical procedures is growing. Moreover, the preference for minimally invasive surgeries is increasing. Neurovascular guidewires are used in various minimally invasive surgeries because of their specifications such as their thinness and flexibility, which enables them to be easily inserted into the body to guide larger equipment or instruments such as feeding tubes, catheters, and others. Improvements in surgical procedures and the increasing demand for minimally invasive surgeries is boosting the usage of neurovascular guidewires during minimally invasive interventional procedures.

  • Rising prevalence of neurovascular diseases is likely to boost the neurovascular guidewires market

At present, around 87% of the people worldwide are suffering from stroke, according to the Centers for Disease Control and Prevention. The incidence of ischemic stroke is predicted to increase, especially in the lower to middle-income or underdeveloped countries, according to the World Bank Group. Micro-sensors and fiber optic guidewires improve the results of several surgical procedures, thus broadening the utilization of guidewires from neurovascular diseases to coronary & urological diseases.

  • Positive outcomes of clinical trials are expected to contribute to the expansion of neurovascular guidewires market

Clinical trials have demonstrated the benefits of guidewires such as lubricious coating, sterility, and biocompatibility, efficacy in the treatment procedure of aneurysm, cerebral infarction, and ischemic stroke, which is another factor estimated to the boost the neurovascular guidewires market.

The ongoing studies of new technologies to improve the quality of treatment with the help of neuro-intervention procedures, such as a gold coil at the tip for radio capacity and a distal tip that is specially engineered for neuro-intervention procedures, are expected to support the growth of neurovascular guidewires market.

  • Increasing number of neurovascular neuroradiology procedures and technological advancements

The increasing number of neurovascular neuroradiology procedures is boosting the demand for access products, which is driving the usage of guidewires. Aneurysm and AVM procedures require 1.7 to 1.8 cm guidewire per procedure, and new technology innovations for the treatment of ischaemic stroke, such as stents, are driving the adoption of neurovascular guidewires. Neurovascular guidewires improve the distal navigation and trackability features of the guidewires that are used in various complex neurovascular intervention procedures.

Significant advancements have been witnessed in guidewire technology, which have resulted in the initial success rates, as well as decreased the difficulties pertaining to the usage of guidewires. Developments in guidewire technology as well as in their framework have resulted in enhanced the efficacy and safety of movable wire systems.

Neurovascular Guidewires Market Structure Analysis

  • Tier 1 companies are focusing on strategic mergers, acquisitions, and collaborative agreements in an effort to strengthen sales and distribution networks.

  • Asahi Intecc Co., Ltd recently signed an agreement with another industry giant, Medtronic plc, over distribution of neurovascular guidewires. The company also announced direct sales of percutaneous transluminal coronary angioplasty (PTCA) guidewires in the US.

  • Stryker Corporation recently announced the acquisition of K2M Group Holdings Incorporation, over a minimally invasive solutions range.

Strong Safety & Utility Profile - Neurovascular Guidewires Capturing Limelight

Neurovascular guidewires improve trackability and facilitate the advancement of neurovascular access catheters via complicated anatomies during the neurovascular intervention. Shifting preference for less-time consuming and low-cost neurosurgeries is driving the adoption of hybrid guidewires. Sales of neurovascular guidewires are likely to remain upheld by the dire need for minimally invasive surgical procedures that prevent post-operative trauma and complications.

North America & Europe to Collectively Hold Over 50% Market Share

North America and Europe will continue to remain the largest regional markets for neurovascular guidewires due to favorable reimbursement scenario and the availability of technologically advanced base for neuro-health services. Lack of awareness about technologically advanced neuro-procedures and instruments anticipated to restrict sales in the developing regions.

* This data is only a representation. Actual data may vary and will be available in report.

North America & Europe to Collectively Hold Over 50% Market Share
North America & Europe to Collectively Hold Over 50% Market Share
North America & Europe to Collectively Hold Over 50% Market Share
North America & Europe to Collectively Hold Over 50% Market Share
  • 2014
  • 2018
  • 2022
  • 2028
  • Arrow

The Broader Perspective

Hospitals and neurology centers or independent cath labs will continue to use hydrophilic- and hydrophobic- coated neurovascular guidewires, given that innovative instruments hold benefits in terms of accuracy and speed during surgeries. Growing need for highly flexible, easy to use, and easy access to the surgeon is fueling the sales of different types of neurovascular guidewires.

Sales of straight tip guidewire to grow substantially

Shapeable tip guidewire to witness impressive growth

Hydrophilic guidewires to remain most preferred coating type

Demand for hydrophobic guidewires will witness steep proliferation

Neurovascular guidewires to witness highest adoption for treating Aneurysms.

Adoption of neurovascular guidewires for arteriovenous malformations treatment to grow significantly

Adoption of neurovascular guidewires to grow significantly in Neurology Centers/Independent Cath Labs

Neurovascular guidewires to witness steady adoption across hospitals

How Growth will Unfold

Hospitals and neurology centers are considerably leveraging convenience-ensuring laser straight tip guidewires that offer ease of operability, and high accuracy in neurovascular intervention procedures. Growing use of straight tip guidewires in cannulation, bridging difficulties during endoscopic retrograde cholangiopancreatography, and navigating various vessels anatomies remains lucrative for market growth.

Straight Tip Guidewire | Shapeable Tip GuidewireAngled Tip Guidewire | Angled Tip Guidewire | Round Curve Tip Guidewire

 Neurovascular Guidewires Market  Neurovascular Guidewires Market  Neurovascular Guidewires Market

* This data is only a representation. Actual data may vary and will be available in report.

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Overview

Neurovascular Guidewires Market: Global Industry Analysis 2013-2017 & Opportunity Assessment 2018-2028

A recent market study published by FMI “Neurovascular Guidewires Market: Global Industry Analysis 2013-2017 & Forecast 2018-2028” offers a comprehensive assessment of the most important market dynamics. After conducting thorough research on the historic as well as current growth parameters of the neurovascular guidewires market, the growth prospects of the market are obtained with maximum precision.

Neurovascular Guidewires Market Taxonomy

The global neurovascular guidewires market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach in front of the reader.

By Product

  • Shapeable Tip Guidewires
  • Straight Tip Guidewires
  • Angled Tip Guidewires
  • Round curve Tip Guidewires 

By Application

  • Arteriovenous Malformations
  • Intracranial and Extra-Cranial Angioplasty
  • Aneurysms
  • Minimally Invasive Spine surgery
  • Cerebral Angiography

By Coating Type

  • Hydrophilic Guidewires
  • Hydrophobic Guidewires

By End User

  • Hospitals
  • Laboratories
  • Research Institutes
  • Biopharmaceutical Companies
  • Others

By Region

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • MEA

What's Included

The report commences with the executive summary of the neurovascular guidewires market, which includes a summary of the key findings and key statistics of the market. It also includes the market value (US$ million) estimates of the leading segments of the neurovascular guidewires market.

Readers can find the detailed taxonomy and the definition of the neurovascular guidewires market in this chapter, which will help them understand the basic information about the neurovascular guidewires market. This section also highlights the key inclusions and exclusions, which helps the reader understand the scope of the neurovascular guidewires market report.

The report provides key market trends that are expected to impact the market growth substantially during the forecast period. Detailed industry trends are provided in this section, along with key market developments or product innovations and other innovation for diagnostic reagent.

This section includes the key inclusions of the report. It includes product adoption & usage analysis, regulatory assessment, reimbursement scenario, opportunity analysis, and manufactures strategies for market expansion.

This section includes the manufacturer level pricing and distributor level pricing for guidewires in the neurovascular guidewires market report.

This section explain the global market value analysis and forecast for the neurovascular guidewires market between the forecast periods of 2013-2028 is highlighted in this section. This chapter includes the detailed analysis of the historical neurovascular guidewires market, along with an opportunity analysis of the future. Readers can also find the absolute opportunity for the current year (2018 – 2019), and an incremental opportunity for the forecast period (2018 – 2028).

This chapter explains the key macro-economic factors that are expected to influence the growth of the neurovascular guidewires market during the forecast period. A brief understanding of the global healthcare sector is also provided in this section. Along with macroeconomic factors, this section also highlights the opportunity analysis for the neurovascular guidewires market. This chapter also highlights the key market dynamics of the neurovascular guidewires market, which include the drivers, restraints and trends. Moreover, readers will understand the key trends followed by the leading manufacturers in the Neurovascular guidewires market.

Based on product type, the neurovascular guidewires market is segmented into shapeable tip guidewires, straight tip guidewires, angled tip guidewires, and round curve tip guidewires. In this chapter, readers can find information about the key trends, developments and market attractive analysis in the neurovascular guidewires market based on the product type.

A detailed analysis about the applications of neurovascular guidewires in the neurovascular guidewires market has been explained in this chapter. The application areas for neurovascular guidewires have been classified into arteriovenous malformations, intracranial and extra-cranial angioplasty, aneurysms, minimally invasive spine surgery, and cerebral angiography. In this chapter, readers can find information about the market attractive analysis based on application.

This chapter summarizes the information regarding, market key trends, advancement in product innovations and developments for the neurovascular guidewires market based on coating type. The neurovascular guidewires market has been segmented on the basis of coating into hydrophilic guidewires and hydrophobic guidewires.

This chapter provides details about the neurovascular guidewires market on the basis of end user, and has been classified into hospitals, laboratories, research institutes, biopharmaceutical companies and others. In this chapter, readers can understand the market attractive analysis based on end user.

This chapter explains how the neurovascular guidewires market will grow across various geographic regions, such as North America, Latin America, Europe, East Asia, South Asia, Oceania, the Middle East & Africa (MEA)

This chapter includes a detailed analysis of the growth of the North America neurovascular guidewires market, along with a country-wise assessment that includes the U.S. and Canada. Readers can also find the regional trends, regulations, and market growth based on the application, coating type, end users and countries in North America.

Readers can find detailed information about several factors, such as the pricing analysis and the regional trends, which are impacting the growth of the Latin America neurovascular guidewires market. This chapter also includes the growth prospects of the neurovascular guidewires market in the leading LATAM countries such as Brazil, Mexico, Argentina, and the Rest of Latin America.

Important growth prospects of the neurovascular guidewires market based on its end users in several countries, such as Germany, the UK, France, Spain, Italy, Russia, BENELUX and the Rest of Europe, are included in this chapter.

India, Thailand, Indonesia, and Malaysia are the leading countries in the South Asia region that are the prime subjects of assessment to obtain the growth prospects of the South Asia neurovascular guidewires market in this chapter. Readers can find detailed information about the growth parameters of the South Asia neurovascular guidewires market such as market attractiveness based product type, application, coating type and end user for neurovascular guidewires during the period 2018-2028.

This chapter highlights the growth of the neurovascular guidewires market in the East Asia by focusing on China, Japan and South Korea. Readers can find detailed information about the market attractiveness based product type, application, and end user for neurovascular guidewires by key countries. This section also helps readers understand the key factors that are responsible for the growth of the neurovascular guidewires market in East Asia.

In this chapter, Australia and New Zealand are among the leading countries in the Oceania region, which are the prime subjects of assessment to obtain the growth prospects of the Oceania neurovascular guidewires market.

This chapter provides information about how the neurovascular guidewires market will grow in the major countries in the MEA region, such as Saudi Africa, GCC Countries, and Rest of MEA, during the forecast period 2018 - 2028.

In this chapter, readers can find a comprehensive list of all the leading stakeholders in the neurovascular guidewires market, along with detailed information about each company, which includes the company overview, revenue shares, strategic overview, and recent company developments. Some of the market players featured in the report are Boston Scientific Corporation, Medtronic, Penumbra Inc., Stryker, Asahi Intecc Co. Ltd, Integer Holding Corporation, Cordis Corporation, CONMED Corporation, phenox GmbH, and Integer Holding Corporation among others.

This chapter includes a list of acronyms and assumptions that provide a base to the information and statistics included in the neurovascular guidewires report.

This chapter helps readers understand the research methodology followed to obtain the various conclusions as well as important qualitative and quantitative information about the neurovascular guidewires market.

How the research was conducted?

Primary Research

  • C - Level Executives
  • Marketing Directors
  • Sales Heads
  • Portfolio Managers
  • Purchasing Managers
  • Medical Officers
  • Device Development Heads
  • Strategy Advisors
  • R&D Managers

 

  • Product Manufacturers
  • Distributors
  • Component Suppliers / OEMs
  • Hospital Purchasing Departments
  • Physicians / Nursing Managers
  • Industry Experts

   

  • Current Market Dynamics and Challenges
  • Market Characteristics
  • Market Performance and Growth Quadrants
  • Competition Structure and Market Structure
  • Strategic Growth Initiatives
  • Product Adoption, Installed Base, Replacement Cycles, Refurbishment
  • Regulatory Landscape
  • Products in Pipeline and Clinical Development
  • Near-term and Long-term Market Growth Prospects
  • Market Segment Splits and Authenticity
  • Opinions on Market Projections and Validity of Assumptions

Secondary Research

  • Industry Magazines
  • U.S. Food and Drug Administration
  • Factiva
  • Company Press Releases
  • Annual Reports and Investor Presentations
  • Peer-reviewed Journals
  • Government Websites and Publications
  • Trade Websites
  • Clinical Trial Registries
  • Country-specific Regulatory Authorities

World Bank, WHO, IMF, OECD

Primary Interview Splits

Primary Research Interview Splits

Neurovascular Guidewires Market Reports - Table of Contents

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