Neurovascular Guidewires Market: Global Industry Analysis and Opportunity Assessment 2017-2027


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Future Market Insights

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Neurovascular guidewire is a medical device used to carry stents, catheters and balloons to cure intracranial blood vessel diseases such as cerebral arteriovenous malformations and aneurysms. These guidewires are placed inside catheters for optimal visibility and navigability. The precise, safe, minimally invasive and durable nature of this neurovascular guidewire technology has made its use more promising. With the advantage of less trauma, lower costs and faster recovery time, neurovascular guidewire technology has replaced the high risk open brain surgery procedures. This technology has paved the way for new pioneering treatment possibilities. It can be used for vascular intervention or endosurgical application for reaching to the access point of surgery. Moreover, the risk of recurrent intracranial bleeding is slightly higher for a short time after the first bleed so instead of using conventional invasive treatment, neurovascular guidewires usage is soothing for the patient.

 

Design and material are the considerations of the manufacturers for differentiation in the market. Either stainless steel or nitinol are used for the construction of neurovascular guidewires. Various range of models and configurations and models of different manufacturers are available nowadays.

Neurovascular Guidewires Market: Drivers & Restraints

Neurovascular Guidewires market growth is likely to proliferate in the future with the advancement in medical field technology and demand of less invasive procedures. Moreover, there are various factors which drives its market including its high precision, quality, durability, deliverable capability, coating, tip control, push ability, high lubricous surface and various R&D activities in this area. Increase in the number of patients with hemorrhagic stroke and risk of death contribute to the market growth. Lack of reimbursement policies, poor healthcare facilities and skilled neurologists in some regions are some of the restraining factors for the market of neurovascular guidewires to grow.

Point-of-Care Genetic Testing Market: Segmentation

Segmentation by Overall length

  • 175 cm

  • 180 cm

  • 195 cm

  • 200 cm

  • 205 cm

  • 300 cm

Segmentation by Core Wire Material

  • Stainless Steel

  • Nitinol (Nickel- Titanium Alloy)

Segmentation by Application       

  • Diagnosis

  • Treatment

Segmentation by End Users

  • Hospitals

  • Emergency Care Centers

  • Specialized Clinics and others

Neurovascular Guidewires Market: Overview

Neurological disorders are an important cause of mortality and constitute 12% of total death globally according to a WHO report on neurological disorder. There is increased detection of patients with neurological disorders such as cerebral arteriovenous malformations and aneurysms because of the frequent use of advanced imaging technologies. According to Brain Aneurysm Foundation there has been almost 500,000 deaths, there are almost 500,000 deaths worldwide every year caused by brain aneurysms. By being less expensive and more promising nature than open brain surgery, there has been an increase in the neurovascular guidewires market. More complex procedures are now being performed so the number of neurovascular guidewires used per procedure has increased, driving unit sales up.

Neurovascular Guidewires Market: Region-wise Outlook

High fatality rate of stroke increases the demand of new innovations in this sector like the use of neurovascular guidewires in treatment. Advance healthcare system in North America, hub of many medical devices manufacturing companies and good reimbursement scenarios make it most prominent marketplace. Japan is also expected as the rising market because of being a developed country, availability of good healthcare facilities and increasing number of geriatric population. Eastern Europe have more prevalence of Neurovascular disease than Western Europe thus can be projected as a rising marketplace for use of Neurovascular guidewires. Developing countries experience more burden of deaths due to stroke because of non-availability of resources. Thus, can be a marketplace for neurovascular guidewires in future with increasing government initiatives towards healthcare sector these days.

Neurovascular Guidewires Market: Key Players

Some of the key players for Neurovascular Guidewires Market are Boston Scientific Corporation, Terumo International Systems, Medtronic plc., Asahi Intecc Co. Ltd, Integer Holding Corporation, Creganna Medical and others.

The report covers exhaustive analysis on:

  • Market Segments

  • Market Dynamics

  • Market Size

  • Current Trends/Issues/Challenges

  • Competition & Companies involved

  • Value Chain

Regional analysis includes:

  • North America (U.S., Canada)

  • Latin America (Mexico. Brazil)

  • Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg)

  • Eastern Europe (Poland, Russia)

  • Asia Pacific (China, India, ASEAN, Australia & New Zealand)

  • Japan

  • Middle East and Africa (GCC, S. Africa, N. Africa)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Report Highlights:

  • Detailed overview of parent market

  • Changing market dynamics in the industry

  • In-depth market segmentation

  • Historical, current, and projected market size in terms of volume and value

  • Recent industry trends and developments

  • Competitive landscape

  • Strategies of key players and products offered

  • Potential and niche segments, geographical regions exhibiting promising growth

  • A neutral perspective on market performance

  • Must-have information for market players to sustain and enhance their market footprint