Coronary Guidewires Market Size to Hit USD 594.8 Million by 2026 At a Striking 5.7% CAGR

PRESS RELEASE
Published April 5, 2023

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 a 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 based on company profiles and their efforts on increasing product value and production.

Coronary Guidewires Market Definition

Coronary guidewires are medical devices used during invasive heart procedures such as angioplasty and stenting. They are thin, flexible wires that are inserted into the coronary artery via a needle or catheter to help guide other medical instruments to the desired location. Guidewires are designed to be extremely thin and flexible so that they can navigate through the intricate anatomy of the heart and blood vessels without causing damage. They are an essential tool for doctors and clinicians performing minimally invasive cardiac procedures.

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Major Key Players in Coronary Guidewires Market Report are:

  • Abbott
  • Teleflex Corporation
  • Boston Scientific Corporation
  • Medtronic
  • Cardinal Health Inc.
  • Merit Medical Inc.
  • Terumo Medical Corporation
  • BIOTRONIK SE and 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:

By Material

  • Nitinol
  • Stainless Steel
  • Others

By Coating

  • Coated
  • Non-coated

By End User

  • Hospitals
  • Cardiac Catheterization Laboratories
  • Others

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Regional Perspectives:

A sizable managed services market share is anticipated for Asia Pacific. This is due to a rise in the region's population's awareness of the importance of their physical appearance. For instance, LG Chem of South Korea reported in July 2020 that the clinical trial of YVOIRE Y-Solution, a high-end dermal filler, had begun in China. Therefore, during the anticipated term, its launch is anticipated to boost the local market.

Table of Contents:

  1. Introduction
    1. Research Scope
    2. Market Segmentation
    3. Research Methodology
    4. Definitions and Assumptions
  2. Executive Summary
  3. Market Dynamics
    1. Market Drivers
    2. Market Restraints
    3. Market Opportunities
  4. Key Insights
    1. Technological Advancements in the Coronary Guidewires Market
    2. New Product Launches by Key Players
    3. Key Industry Developments: Mergers, Acquisitions and Partnerships
    4. Regulatory Scenarios
    5. Trends of Usage of Coronary Guidewires
    6. Prevalence of Major Cardiovascular Conditions for Key Countries
  5. Global Coronary Guidewires Market Analysis, Insights and Forecast, 2015-2026
    1. Key Findings / Summary
    2. Market Analysis, Insights and Forecast By Material
      1. Nitinol
      2. Stainless Steel
      3. Others
    3. Market Analysis, Insights and Forecast By Coating
      1. Coated
      2. Non-coated
    4. Market Analysis, Insights and Forecast By End-user
      1. Hospitals
      2. Cardiac Catheterization Laboratories
      3. Others
    5. Market Analysis, Insights and Forecast By Country
      1. North America
      2. Europe
      3. Asia Pacific
      4. Latin America
      5. Middle East and Africa

TOC Continued…

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