Global Pressure Guidewires Market, By Product Type (Flat Tipped, Flexible Tipped), Technology Type (Pressure Wire, Optical Fibre), End User (Hospitals, Ambulatory Surgical Centers, Independent Catheterization Labs), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa) Industry Trends and Forecast to 2028
The pressure guidewires market is expected to witness market growth at a rate of 9.65% in the forecast period of 2021 to 2028. Data Bridge Market Research report on pressure guidewires market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in prevalence of cardiovascular disorders is escalating the growth of pressure guidewires market.
Pressure guidewires refer to diagnostic medical devices which are utilized in percutaneous coronary intervention (PCI) procedures for the purpose of diagnosing of arteries of patients and vessels and whether there is a requirement of any surgical procedures. The product uses FFR (fractional flow reserve technology) for the detection of the blockages present in the vessels. They are specifically designed to help in the delivery of devices because of its flexible structure and support.
The rise in prevalence of cardiovascular diseases in both men and women across the globe acts as one of the major factors driving the growth of pressure guidewires market. The increase in the adoption rate for pressure guidewire because of risk of acute coronary syndrome and growth in elderly people being highly susceptible to cardiovascular diseases accelerate the pressure guidewires market growth. The rise in the emphasis on reducing invasive procedures to enhance the standard of healthcare and patient comfort and the rise in demand for pressure guidewire for determining easy connectivity, direct and reliable FFR signal recovery for allowing accuracy and zero drift performance further influence the pressure guidewires market. Additionally, increase in the number of surgical procedures, improving healthcare infrastructure, growth in geriatric population and surge in healthcare expenditure positively affect the pressure guidewires market. Furthermore, technological advancements extend profitable opportunities to the pressure guidewires market players in the forecast period of 2021 to 2028.
On the other hand, high cost associated with these products as compared to transducers is expected to obstruct the pressure guidewires market growth. The restrictions related to FFR technology which employs usage of pressure guidewires such as instable signals from the vessels are projected to challenge the pressure guidewires market in the forecast period of 2021-2028.
This pressure guidewires market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on pressure guidewires market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Pressure Guidewires Market Scope and Market Size
The pressure guidewires market is segmented on the basis of product type, technology type and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of product type, the pressure guidewires market is segmented into flat tipped and flexible tipped.
- On the basis of technology type, the pressure guidewires market is segmented into pressure wire and optical fibre.
- On the basis of end user, the pressure guidewires market is segmented into hospitals, ambulatory surgical centers and independent catheterization labs.
Global Pressure Guidewires Market Country Level Analysis
The pressure guidewires market is analyzed and market size insights and trends are provided by country, product type, technology type and end user as referenced above.
The countries covered in the global pressure guidewires market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the pressure guidewires market due to the rise in geriatric population, healthcare professionals focusing on reducing invasive procedures to improve the standard of healthcare and patient comfort and well-developed healthcare infrastructure in the region.
The country section of the pressure guidewires market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The pressure guidewires market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for pressure guidewires market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on pressure guidewires market. The data is available for historic period 2011-2019.
Competitive Landscape and Pressure Guidewires Market Share Analysis
The pressure guidewires market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to pressure guidewires market.
The major players covered in the pressure guidewires market report are oston Scientific Corporation, Opsens Medical, Abbott, Koninklijke Philips N.V., Medtronic, Amayeza Abantu Bio-Medical (Pty) Ltd, Olympus Corporation, Cook, BD, B. Braun Melsungen AG, Terumo Corporation, Merit Medical Systems, Stryker, Cardinal Health, Johnson & Johnson Services, Inc., Teleflex Incorporated and ASAHI INTECC CO., LTD. among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.