Neurovascular Guidewires Market

Neurovascular Guidewires: Introduction

• Guidewires are essential tools to track through a vessel and enable access and ability to cross the lesion with interventional devices
• Neurovascular guidewires can be classified based on material coating, size, and design
• Neurovascular guidewires are medical devices used to carry stents, catheters, and balloons to cure intracranial blood vessel diseases such as cerebral arteriovenous malformations and aneurysms
• Guidewires can be coated with polymers to make them hydrophilic or hydrophobic. Neurovascular guidewires are metallic and non-metallic structures that guide a catheter through the blood vessels for placement in cardiology and radiology angiographic procedures.

Key Drivers and Restraint of Global Neurovascular Guidewires Market

• The global neurovascular guidewires market is projected to expand at a rapid pace due to an increase in the demand for minimally invasive procedures owing to their benefits over open surgeries such as minimal bleeding, lesser postoperative infection, fewer complications, shorter hospital stay, and early recovery
• Rise in demand for advanced guidewires with improved lubrication, ease of insertion, and less patient discomfort has created a lucrative opportunity for research and development in this field
• The global neurovascular guidewires market is also driven by a rise in prevalence of cardiovascular diseases, increase in number of interventional diagnostic procedures, surge in demand for minimally invasive surgeries, and favorable reimbursement scenario
• According to World Health Organization (WHO), cardiovascular diseases (CVDs) are the leading cause of death, globally, taking an estimated 17.9 million lives each year. CVDs are a group of disorders of the heart and blood vessels and include coronary heart disease, cerebrovascular disease, and rheumatic heart disease. 4 out of 5 CVD deaths are due to heart attacks and strokes, and one-third of these deaths occur prematurely in people under 70 years of age.
• However, high cost of minimally invasive surgeries and versatility of the guidewire is a major factor that restrains the global neurovascular guidewire market
• Disadvantages of using guidewires such as the possibility of catheter tip flaring, blood clotting on the guidewire, abrasion of the vessel, and the danger of unraveling are also likely to hamper the utilization of neurovascular guidewires and restrain the global neurovascular guidewire market.

North America to Lead Global Neurovascular Guidewires Market

• In terms of region, the global neurovascular guidewires market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
• North America dominated the global market in 2020 due to high prevalence of cardiovascular diseases and presence of key players. Moreover, high spending on healthcare, increase in surgical procedures, and introduction of technologically advanced products in the region are estimated to further boost the market in North America.
• Technological innovations, rise in adoption of minimally invasive surgeries, and presence of top class healthcare infrastructure with skilled physicians also drive the neurovascular guidewires market in Europe
• The neurovascular guidewires market in Asia Pacific is projected to expand at a rapid pace during the forecast period owing to a surge in the demand for advanced neurovascular guidewires in emerging economies such as China and India, and an increase in small and domestic players operating in the region
• Latin America and Middle East & Africa are likely to offer significant opportunity for the neurovascular guidewires market in these regions during the forecast period. Brazil and Mexico offer significant potential owing to favorable government policies for new entrants.
• The market in Middle East & Africa is in the development phase and presents significant opportunities in the neurovascular guidewires market owing to an increase in the demand for interventional procedures performed

Key Players Operating in Global Neurovascular Guidewires Market

• Abbott
• Terumo Medical Corporation
• Boston Scientific Corporation
• ASAHI INTECC CO., LTD.
• Medtronic plc
• CONMED Corporation
• Cardinal Health Inc.
• Stryker Corporation
• B. Braun Melsungen AG
• Cook Medical LLC
• Other Prominent Players

Global Neurovascular Guidewires Market: Research Scope

Global Neurovascular Guidewires Market, by Type

• Solid Guidewires
• Wrapped Guidewires

Global Neurovascular Guidewires Market, by Material

• Stainless Steel
• Nitinol
• Bi-metal
• Proprietary alloys/Hybrids
• Others

Global Neurovascular Guidewires Market, by Coating

• Hydrophillic
• Hydrophobic

Global Neurovascular Guidewires Market, by End-user

• Hospitals
• Specialty Clinics/Centers
• Ambulatory Surgical Centers
• Others

Global Neurovascular Guidewires Market, by Region

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • Australia & New Zealand
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC Countries
  • South Africa
  • Rest of Middle East & Africa