[269 Pages Report] The global Neurovascular Guidewires Market is projected register CAGR of 4.0% during the forecast period 2022 to 2028. Increasing demand for straight tip guidewires for minimally invasive spine and cervical surgeries is accelerating the growth in the market.
| Attribute | Details |
|---|---|
| Neurovascular Guidewires Market Size Value in 2021 | US$ 303.4 Million |
| Neurovascular Guidewires Market Size Value in 2022 | US$ 316.2 Million |
| Neurovascular Guidewires Market Size Value in 2028 | US$ 399.1 Million |
| Neurovascular Guidewires Market Historical CAGR (2013 to 2021) | 3.4% |
| Neurovascular Guidewires Market CAGR (2022 to 2028) | 4.0% |
Expansion of the healthcare industry and rapid development of healthcare infrastructure across emerging economies are propelling the demand for neurovascular guidewires. Growing prevalence of aneurysms and neurological disorders will aid the growth in the market.
On account of this, the global neurovascular guidewires market size is expected to reach US$ 399.1 Mn by the end of 2028. In terms of product, straight tip guidewires are expected to dominate the market, followed by shapeable tip guidewires.
Backed by these factors, the demand for neurovascular guidewires is expected to account for over 8.5% of total sales in the global guidewires market.
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| Particulars | Details |
|---|---|
| H1, 2021 | 3.95% |
| H1, 2022 Projected | 3.96% |
| H1, 2022 Outlook | 3.86% |
| BPS Change - H1, 2022 (O) - H1, 2022 (P) | (-) 10 ↓ |
| BPS Change - H1, 2022 (O) - H1, 2021 | (-) 9 ↓ |
Future Market Insights present a comparative analysis related to the market growth rates and development prospects in the global neurovascular guidewires market. The effect of macro and industry factors have a significant impact on the market.
The market is subject to developments like novel product development such as DRIVEWIRE™, which provides efficient access in difficult neuro and peripheral vascular procedures and Zoom WireTM 14 guidewire line, which is used to acquire access during difficult neurovascular and peripheral vascular procedures, including ischemic and hemorrhagic stroke.
Such recent developments are happening among the key market players mainly to expand the portfolio of the products for the neurovascular guidewires market.
According to FMI analysis, the variation between the BPS values observed in the neurovascular guidewires market in H1, 2022 - Outlook over H1, 2022 Projected reflects a decline of 10 BPS units. As compared to H1-2021, the market is expected to dip by 9 BPS in H1 -2022.
Key reasons for this change in growth rate in the market are owed to the versatility of the guidewire and the high cost of the minimally invasive surgeries, which influenced the growth in the market.
In contrast with the mentioned aspects above, some driving points will have a positive impact on the industry growth, include rise in demand for advanced guidewires which are focused on less patient discomfort and ease of insertion and a rising number of interventional diagnostic procedures.
As per Future Market Insights (FMI), the sales in the global neurovascular guidewires market surpassed US$ 303.4 Mn by the end of 2021. With increasing sales of straight tip guidewires, the market is expected to grow two-fold between 2022 and 2028.
Rising number of minimally invasive spine and cervical surgeries, along with neurovascular neuroradiology procedures will propel the growth in the market. Besides this, advancements in technology and adoption of new equipment are some of the factors increasing the sales in the market.
As per FMI, regionally, East Asia is expected to dominate the global neurovascular guidewires market during the forecast period. Growth in the region is attributable to the growing demand for new treatment options and rising incidence of neurovascular diseases.
Furthermore, with growing preference for micro-sensors and fiber optics and need for high accuracy in neurovascular intervention procedures is resulting in demand for advanced laser straight tip guidewires.
“Rising Number of Minimally Invasive Spine and Cervical Surgery to Boost the Market”
According to the Centers for Disease Control and Prevention (CDC), nearly 90% of people in the U.S. suffer from ischemic strokes and around 10% of these strokes result in death. To decrease the rising burden, healthcare professionals are increasingly investing in development of advanced guidewires.
Also, as minimally invasive surgeries have lower risk of trauma, increasing number of patient in need for spine or cervical surgery are preferring these procedures. On the back of this, demand for these guidewires are expected to increase over the forecast period.
“Technological Advancements in Neuroradiology Procedures to Improve the Growth”
Aneurysm and arteriovenous malformations procedures require 1.7 to 1.8 cm guidewire per procedure. Hence, to improve the flexibility and accuracy, medical companies are investing in new technology innovations for the treatment of ischaemic stroke, such as stents.
This is expected to increase the demand for straight tip guidewires, driving the adoption of neurovascular guidewires. Also, growing use of straight tip guidewires in cannulation, bridging difficulties during navigating various vessels anatomies remains lucrative for the growth in the market.
Principal Consultant
“Demand for Low-Cost Neurosurgeries to Increase Straight Tip Guidewires Sales”
As per Future Market Insights, North America and Europe are expected to collectively hold over 50% of global sales in 2022. Increasing demand for neurovascular guidewires in the U.K. is expected to augment the sales in Europe.
Rising prevalence of neurological procedures in the country is providing impetus to the demand for neurovascular straight tip guidewires. Additionally, improved healthcare infrastructure in the U.K. is aiding the growth in the market.
Shifting preference for less-time consuming and low-cost neurosurgeries is driving the adoption of straight tip guidewires in the U.K. On the back of this, the U.K. is expected to spearhead the growth in the Europe market.
“Preference for Minimally Invasive Spine Surgeries to Propel Neurovascular Guidewires Sales”
As per Future Market Insights, India is expected to witness fastest growth in the South Asia neurovascular guidewires market. The demand for neurovascular guidewires in India is expected to surge on the back of favourable government reimbursement policies and developing healthcare infrastructure.
Increasing prevalence of neurological disorders in India is expected to create growth opportunities for neurovascular guidewires market players. Also, growing geriatric population is resulting in increasing demand for minimally invasive spine surgeries in the country.
As per FMI, South Asia will account for significant share, followed by East Asia in the global neurovascular guidewires market through 2028.
“Rising Prevalence of Neurological Surgeries to Augment Neurovascular Guidewires Sales”
In the U.S. over 1.2 million neurological surgeries were performed until 2019, as per the Stanford Healthcare Report. The number of neurological surgeries are expected to increase with rising prevalence of neurological disorder.
Also, increasing health consciousness and growing preference for minimally invasive surgeries will fuel the demand for neurovascular guidewires in the U.S. Besides this, rapid development in the U.S. healthcare infrastructure and growing demand for advanced equipment will fuel the sales in the U.S.
Based on these factors, the U.S. is expected to dominate the North America neurovascular guidewires market between 2022 and 2028.
“Over 36.1% of Neurovascular Guidewires Sales to be Contributed by Straight Tip Guidewires”
According to FMI, the straight tip guidewires segment is expected to account for more than 1/3rd of total sales through 2028. Healthcare professionals prefer straight tip for neurovascular guidewires as they have flexible tips.
The risk of trauma to the blood vessel, with straight tip, is very less. Flexible tip of guidewires at the proximal end have bent tip at the distal end, which provides even more flexibility and protection for the vessel during insertion.
Hence, demand for these guidewires is expected to increase the sales in the market, opines Future Market Insights.
“Preference for Minimally Invasive Spine Surgery to Fuel Neurovascular Guidewires Sales”
Based on application, aneurysms and intra-and extra-cranial angioplasty segment reflected highest applicability of neurovascular guidewires. However, with going preference for minimally invasive surgeries, especially among geriatric population, will propel the growth in the segment.
According to the Centers for Disease Control and Prevention, over 87% of all strokes are ischemic strokes and nearly 10% of these strokes result in death within a period of one month.
Also, every year around 800,000 people in the U.S. suffer from annual stroke and nearly 130,000 succumb to the same, states the American Stroke Association. Hence, rising prevalence of neurovascular diseases such as cerebral infarctions is increasing the number of surgical procedures.
Backed by these factors, application of neurovascular guidewires for minimally invasive spine surgeries will aid the growth in the market.
“Attributes such as Accuracy and Flexibility to Increase Hydrophilic Guidewires Sales”
In terms of coating type, FMI estimates, hydrophilic guidewires to dominate the market during the forecast period. Increasing demand for these guidewires across hospitals and neurology centers will continue to boost the sales in the segment.
Improved accuracy and speed provided by hydrophilic guidewires during surgeries is the major factor underpinning the growth in the segment. Hydrophilic guidewires are coated with a coating that becomes slicker when exposed to water or blood.
Due to the flexibility and easy to use attributes of these wires, demand for hydrophilic neurovascular guidewires is expected to increase over the forthcoming years. Hence, key companies such as Boston Scientific are developing hydrophilic guidewire to capitalize on surging demand.
“Increasing Number of Minimally Invasive Cervical Surgeries Conducted in Hospitals to Boost Sales”
With increasing prevalence of neurological disorders, along with increasing number of neurovascular neuroradiology procedures in hospitals will create growth opportunities for the market.
Additionally, increasing use of neurovascular guidewires for performing minimally invasive spine and cervical surgery will propel the demand in the market. Besides this, rapid development of healthcare infrastructure across the globe will aid the growth in the segment
Subsequently, governments in emerging economies such as India and China are investing extensively to upgrade the healthcare facilities and equipment will further boost the growth in the segment.
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Leading healthcare companies operating in the neurovascular guidewires market are focusing on strategic mergers, acquisitions, and collaborative agreements to strengthen their sales and distribution networks.
Meanwhile, some of the other players are investing in research and development activities to develop advanced products and gain competitive edge in the market.
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| Attribute | Details |
|---|---|
| Forecast Period | 2022 to 2028 |
| Historical Data Available for | 2013 to 2021 |
| Market Analysis | US$ Million for Value |
| Key Regions Covered | North America, Latin America, Europe, East Asia, South Asia, Oceania, and MEA |
| Key Countries Covered | United States, Canada, Brazil, Mexico, Germany, UK, France, Italy, Spain, Nordic, Russia, Poland, China, India, Thailand, Indonesia, Australia and New Zealand, Japan, GCC countries, North Africa, South Africa, others. |
| Key Market Segments Covered | Product, Application, Coating Type, End User, and Region |
| Key Companies Profiled |
|
| Pricing | Available upon Request |
Product:
Application:
Coating Type:
End User:
Region:
The market expanded at a CAGR of 4.0% through 2028.
The neurovascular guidewires market is predicted to register a valuation of US$ 399.1 million through 2032.
Preference for minimally invasive spine surgeries makes India the leading market.
Aneurysms and intra-and-extra-cranial angioplasty segments reflected the highest applicability of neurovascular guidewires.
Hospitals are the primary end user in the neurovascular guidewires market.
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Key Market Trends
3.1. Key Trends Impacting the Market
3.2. Product Innovation / Development Trends
4. Key Success Factors
4.1. Reimbursement Scenario
4.2. Regulatory Scenario
5. Global Neurovascular Guidewires Market - Pricing Analysis
5.1. Regional Pricing Analysis by Product Type
5.2. Pricing Break-up
5.2.1. Manufacturer Level Pricing
5.2.2. Distributor Level Pricing
5.3. Global Average Pricing Analysis Benchmark
6. Global Neurovascular Guidewires Market Demand (in Value or Size in US$ Mn) Analysis 2013-2021 and Forecast, 2022-2028
6.1. Historical Market Value (US$ Mn) Analysis, 2013-2021
6.2. Current and Future Market Value (US$ Mn) Projections, 2022-2028
6.2.1. Y-o-Y Growth Trend Analysis
6.2.2. Absolute $ Opportunity Analysis
7. Market Background
7.1. Macro-Economic Factors
7.1.1. Global GDP Growth Outlook
7.1.2. Global Healthcare Expenditure Outlook
7.2. Forecast Factors - Relevance & Impact
7.2.1. Top Companies Historical Growth
7.2.2. Technology Advancement
7.3. Value Chain
7.4. Market Dynamics
7.4.1. Drivers
7.4.2. Restraints
7.4.3. Opportunity Analysis
8. Global Neurovascular Guidewires Market Analysis 2013-2021 and Forecast 2022-2028, by Product Type
8.1. Introduction / Key Findings
8.2. Historical Market Size (US$ Mn) and Volume Analysis by Product Type, 2013 - 2021
8.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast by Product Type, 2022 - 2022
8.3.1. Shapeable Tip Guidewires
8.3.2. Straight Tip Guidewires
8.3.3. Angled Tip Guidewires
8.3.4. Round Curve Tip Guidewires
8.4. Market Attractiveness Analysis by Product Type
9. Global Neurovascular Guidewires Market Analysis 2013-2021 and Forecast 2022-2028, by Coating Type
9.1. Introduction / Key Findings
9.2. Historical Market Size (US$ Mn) and Volume Analysis by Coating Type, 2013 - 2021
9.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast by Coating Type, 2022 - 2022
9.3.1. Hydrophilic Guidewires
9.3.2. Hydrophobic Guidewires
9.4. Market Attractiveness Analysis by Product Type
10. Global Neurovascular Guidewires Market Analysis 2013-2021 and Forecast 2022-2028, by Application
10.1. Introduction / Key Findings
10.2. Historical Market Size (US$ Mn) and Volume Analysis by Application, 2013 - 2021
10.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast by Application, 2022 - 2022
10.3.1. Arteriovenous malformations
10.3.2. Intracranial and extracranial angioplasty
10.3.3. Aneurysms
10.3.4. Minimally Invasive Spine Surgery
10.3.5. Cerebral Angiography
10.4. Market Attractiveness Analysis by Application
11. Global Neurovascular Guidewires Market Analysis 2013-2021 and Forecast 2022-2028, by End User
11.1. Introduction / Key Findings
11.2. Historical Market Size (US$ Mn) and Volume Analysis by End Use, 2013 - 2021
11.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast by End Use, 2022 - 2022
11.3.1. Hospitals
11.3.2. Ambulatory Surgical Centers
11.3.3. Neurology Centers/Independent Cath Labs
11.4. Market Attractiveness Analysis by End User
12. Global Neurovascular Guidewires Market Analysis 2013-2021 and Forecast 2022-2028, by Region
12.1. Introduction
12.2. Historical Market Size (US$ Mn) and Volume Analysis by Region, 2013 - 2021
12.3. Current Market Size (US$ Mn) and Volume Analysis and Forecast by Region, 2022 - 2022
12.3.1. North America
12.3.2. Latin America
12.3.3. Europe
12.3.4. Middle East and Africa (MEA)
12.3.5. East Asia
12.3.6. South Asia
12.3.7. Oceania
12.4. Market Attractiveness Analysis by Region
13. North America Neurovascular Guidewires Market Analysis 2013-2021 and Forecast 2022-2028
13.1. Introduction
13.2. Pricing Analysis
13.3. Historical Market Size (US$ Mn) and Volume Trend Analysis by Market Taxonomy, 2013 - 2021
13.4. Market Size (US$ Mn) and Volume Forecast by Market Taxonomy, 2022 - 2028
13.4.1. by Country
13.4.1.1. U.S.
13.4.1.2. Canada
13.4.2. by Product Type
13.4.3. by Application
13.4.4. by Coating Type
13.4.5. by End Use
13.5. Market Attractiveness Analysis
13.5.1. by Country
13.5.2. by Product Type
13.5.3. by Application
13.5.4. by Coating Type
13.5.5. by End Use
13.6. Market Trends
13.7. Key Market Participants - Intensity Mapping
13.8. Drivers and Restraints - Impact Analysis
14. Latin America Neurovascular Guidewires Market Analysis 2013-2021 and Forecast 2022-2028
14.1. Introduction
14.2. Pricing Analysis
14.3. Historical Market Size (US$ Mn) and Volume Trend Analysis by Market Taxonomy, 2013 - 2021
14.4. Market Size (US$ Mn) and Volume Forecast by Market Taxonomy, 2022 - 2028
14.4.1. by Country
14.4.1.1. Brazil
14.4.1.2. Mexico
14.4.1.3. Rest of Latin America
14.4.2. by Product Type
14.4.3. by Application
14.4.4. by Coating Type
14.4.5. by End User
14.5. Market Attractiveness Analysis
14.5.1. by Country
14.5.2. by Product Type
14.5.3. by Application
14.5.4. by Coating Type
14.5.5. by End User
14.6. Market Trends
14.7. Key Market Participants - Intensity Mapping
14.8. Drivers and Restraints - Impact Analysis
15. Europe Neurovascular Guidewires Market Analysis 2013-2021 and Forecast 2022-2028
15.1. Introduction
15.2. Pricing Analysis
15.3. Historical Market Size (US$ Mn) and Volume Trend Analysis by Market Taxonomy, 2013 - 2021
15.4. Market Size (US$ Mn) and Volume Forecast by Market Taxonomy, 2022 - 2028
15.4.1. by Country
15.4.1.1. Germany
15.4.1.2. Italy
15.4.1.3. France
15.4.1.4. U.K.
15.4.1.5. Spain
15.4.1.6. BENELUX
15.4.1.7. Russia
15.4.1.8. Rest of Europe
15.4.2. by Product Type
15.4.3. by Application
15.4.4. by Coating Type
15.4.5. by End User
15.5. Market Attractiveness Analysis
15.5.1. by Country
15.5.2. by Product Type
15.5.3. by Application
15.5.4. by Coating Type
15.5.5. by End User
15.6. Market Trends
15.7. Key Market Participants - Intensity Mapping
15.8. Drivers and Restraints - Impact Analysis
16. South Asia Neurovascular Guidewires Market Analysis 2013-2021 and Forecast 2022-2028
16.1. Introduction
16.2. Pricing Analysis
16.3. Historical Market Size (US$ Mn) and Volume Trend Analysis by Market Taxonomy, 2013 - 2021
16.4. Market Size (US$ Mn) and Volume Forecast by Market Taxonomy, 2022 - 2028
16.4.1. by Country
16.4.1.1. India
16.4.1.2. Thailand
16.4.1.3. Indonesia
16.4.1.4. Malaysia
16.4.1.5. Rest of South Asia
16.4.2. by Product Type
16.4.3. by Application
16.4.4. by Coating Type
16.4.5. by End User
16.5. Market Attractiveness Analysis
16.5.1. by Country
16.5.2. by Product Type
16.5.3. by Application
16.5.4. by Coating Type
16.5.5. by End User
16.6. Market Trends
16.7. Key Market Participants - Intensity Mapping
16.8. Drivers and Restraints - Impact Analysis
17. East Asia Neurovascular Guidewires Market Analysis 2013-2021 and Forecast 2022-2028
17.1. Introduction
17.2. Pricing Analysis
17.3. Historical Market Size (US$ Mn) and Volume Trend Analysis by Market Taxonomy, 2013 - 2021
17.4. Market Size (US$ Mn) and Volume Forecast by Market Taxonomy, 2022 - 2028
17.4.1. by Country
17.4.1.1. China
17.4.1.2. Japan
17.4.1.3. South Korea
17.4.2. by Product Type
17.4.3. by Application
17.4.4. by Coating Type
17.4.5. by End Use
17.5. Market Attractiveness Analysis
17.5.1. by Country
17.5.2. by Product Type
17.5.3. by Application
17.5.4. by Coating Type
17.5.5. by End User
17.6. Market Trends
17.7. Key Market Participants - Intensity Mapping
17.8. Drivers and Restraints - Impact Analysis
18. Oceania Neurovascular Guidewires Market Analysis 2013-2021 and Forecast 2022-2028
18.1. Introduction
18.2. Pricing Analysis
18.3. Historical Market Size (US$ Mn) and Volume Trend Analysis by Market Taxonomy, 2013 - 2021
18.4. Market Size (US$ Mn) and Volume Forecast by Market Taxonomy, 2022 - 2028
18.4.1. by Country
18.4.1.1. Australia
18.4.1.2. New Zealand
18.4.2. by Product Type
18.4.3. by Application
18.4.4. by Coating Type
18.4.5. by End User
18.5. Market Attractiveness Analysis
18.5.1. by Country
18.5.2. by Product Type
18.5.3. by Application
18.5.4. by Coating Type
18.5.5. by End User
18.6. Market Trends
18.7. Key Market Participants - Intensity Mapping
18.8. Drivers and Restraints - Impact Analysis
19. Middle East and Africa Neurovascular Guidewires Market Analysis 2013-2021 and Forecast 2022-2028
19.1. Introduction
19.2. Pricing Analysis
19.3. Historical Market Size (US$ Mn) and Volume Trend Analysis by Market Taxonomy, 2013 - 2021
19.4. Market Size (US$ Mn) and Volume Forecast by Market Taxonomy, 2022 - 2028
19.4.1. by Country
19.4.1.1. GCC Countries
19.4.1.2. Northern Africa
19.4.1.3. South Africa
19.4.1.4. Rest of Middle East and Africa
19.4.2. by Product Type
19.4.3. by Application
19.4.4. by Coating Type
19.4.5. by End Use
19.5. Market Attractiveness Analysis
19.5.1. by Country
19.5.2. by Product Type
19.5.3. by Application
19.5.4. by Coating Type
19.5.5. by End User
19.6. Market Trends
19.7. Key Market Participants - Intensity Mapping
19.8. Drivers and Restraints - Impact Analysis
20. Emerging Countries Neurovascular Guidewires Market Analysis 2013-2021 and Forecast 2022-2028
20.1. Introduction
20.1.1. Market Value Proportion Analysis, by Key Countries
20.1.2. Global Vs. Country Growth Comparison
20.2. China Neurovascular Guidewires Market Analysis
20.2.1. Introduction
20.2.2. Market Value Proportion Analysis by Market Taxonomy
20.2.3. Market Volume (Mn Units) and Value (US$ Mn) Analysis and Forecast by Market Taxonomy
20.2.3.1. by Product Type
20.2.3.2. by Coating Type
20.2.3.3. by End User
20.2.3.4. by Application
20.2.4. China Neurovascular Guidewires Market - Competition Landscape
20.2.5. China - Trade Analysis
20.3. India Neurovascular Guidewires Market Analysis
20.3.1. Introduction
20.3.2. Market Value Proportion Analysis by Market Taxonomy
20.3.3. Market Volume (Mn Units) and Value (US$ Mn) Analysis and Forecast by Market Taxonomy
20.3.3.1. by Product Type
20.3.3.2. by Coating Type
20.3.3.3. by End User
20.3.3.4. by Application
20.3.4. India Neurovascular Guidewires Market - Competition Landscape
20.4. Brazil Neurovascular Guidewires Market Analysis
20.4.1. Introduction
20.4.2. Market Value Proportion Analysis by Market Taxonomy
20.4.3. Market Volume (Mn Units) and Value (US$ Mn) Analysis and Forecast by Market Taxonomy
20.4.3.1. by Product Type
20.4.3.2. by Coating Type
20.4.3.3. by End User
20.4.3.4. by Application
20.4.4. Brazil Neurovascular Guidewires Market - Competition Landscape
21. Market Structure Analysis
21.1. Market Analysis by Tier of Companies (Neurovascular Guidewiress)
21.2. Market Concentration
21.3. Market Share Analysis of Top Players
21.4. Market Presence Analysis
21.4.1. by Regional footprint of Players
21.4.2. Product foot print by Players
21.4.3. Channel Foot Print by Players
22. Competition Analysis
22.1. Competition Dashboard
22.2. Pricing Analysis by Competition
22.3. Competition Benchmarking
22.4. Competition Deep Dive
22.4.1. Asahi Intecc Co., Ltd
22.4.1.1. Overview
22.4.1.2. Product Portfolio
22.4.1.3. Profitability by Market Segments (Product/Channel/Region)
22.4.1.4. Sales Footprint
22.4.1.5. Strategy Overview
22.4.1.5.1. Marketing Strategy
22.4.1.5.2. Product Strategy
22.4.1.5.3. Channel Strategy
22.4.2. Stryker Corporation
22.4.3. Medtronic plc
22.4.4. Boston Scientific Corporation
22.4.5. B. Braun Melsungen AG
22.4.6. Cardinal Health, Inc
22.4.7. Cook Medical Inc
22.4.8. Smiths Group plc
22.4.9. Integra LifeSciences Corporation
22.4.10. Conmed Corporation.
23. Assumptions and Acronyms Used
24. Research Methodology
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Neurovascular Guidewires Market
