Market Overview:
The global pressure guidewire market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing number of surgeries and rising demand for minimally invasive procedures. In addition, the growing geriatric population is also contributing to the growth of this market. Based on type, the global pressure guidewire market is segmented into flat tipped pressure guidewires and flexible tipped pressure guidewires. The flat tipped pressure guidewires segment is expected to account for a larger share of the global market than the flexible tipped pressure guidewires segment during the forecast period. This can be attributed to their high accuracy and ability to navigate through tight spaces in blood vessels.
Product Definition:
A pressure guidewire is a thin, flexible wire that is inserted into the lumen of an artery to help maintain the patency of the vessel and to guide percutaneous transluminal angioplasty (PTA) or other interventional procedures.
Flat Tipped Pressure Guidewires:
Flat-tipped pressure guidewires are thin, hollow tubes made from stainless steel or other metals. They have a small opening at the end, which is used for injecting the fluid sample. The tip of the guidewire is attached to an injectable device such as a syringe or vial containing test samples and medication.
Flexible Tipped Pressure Guidewires:
Flexible tipped pressure guidewires are used for measuring blood pressure in the peripheral extremities. They are thin, hollow tubes made of silicon with a metal or plastic tip at one end and a flexible hose attached to the other. The flexibility of the tube allows it to be positioned in difficult to access places such as between fingers, toes, and behind the hand.
Application Insights:
Based on application, the global pressure guideline market is segmented into hospitals, ambulatory surgical centers (ASCs), independent catheterization labs (ICLs), and others. Hospitals held the largest share in 2017 owing to increasing prevalence of chronic diseases such as heart diseases, blood disorders, respiratory problems and kidney failure that require regular monitoring by a healthcare professional. Moreover, an increase in hospital-acquired infections due to improper cleaning of medical devices is also expected to drive demand for pressure guidelines at hospitals during the forecast period.
Ambulatory surgical centers are anticipated to be one of the fastest growing segments over the forecast period owing to rising awareness about ASCs among patients and their families as well as healthcare providers. Furthermore, increasing number of ASC procedures including minimally invasive surgeries with videofluoroscopy is further expected fuel growth during this period.
Regional Analysis:
North America dominated the global market in 2017 owing to favorable reimbursement policies, increasing prevalence of target diseases and presence of major key players. The U.S., which is the most developed country in North America, has a well-developed healthcare infrastructure and highly advanced technology for diagnosis & treatment purposes. Moreover, high per capita income coupled with high awareness levels regarding pressure ulcers among patients is expected to drive this regional market further.
Asia Pacific region is anticipated to witness lucrative growth over the forecast period due to improving healthcare facilities & infrastructure; rising prevalence of chronic diseases; increase in aging population; and demand for cost-effective procedures that require minimal invasive techniques such as minimally invasive surgery or interventional therapies such as endovascular procedures using pressure Guidewires (also known as catheters). In addition, economic development coupled with rise in disposable income will boost this regional market further during the forecast period (2018 - 2030).
Growth Factors:
- Increasing demand for minimally invasive surgeries: The global pressure guidewire market is expected to grow at a CAGR of 5.5% during the forecast period, owing to the increasing demand for minimally invasive surgeries. This is because these surgeries are less risky and cause minimal damage to tissues and organs.
- Technological advancements: The pressure guidewire market is witnessing technological advancements in products and services, which is aiding in the growth of this market. For instance, manufacturers are introducing products that can be used in both open and closed procedures, thereby expanding their customer base.
- Rising number of surgical procedures: The number of surgical procedures being performed across the globe is rising rapidly due to various factors such as an increase in the prevalence of chronic diseases, growing geriatric population, etc., which is propelling the growth of the pressure guidewire market globally.
Scope Of The Report
Report Attributes
Report Details
Report Title
Pressure Guidewire Market Research Report
By Type
Flat Tipped Pressure Guidewires, Flexible Tipped Pressure Guidewires
By Application
Hospitals, Ambulatory Surgical Centers, Independent Catheterization Labs
By Companies
Boston Scientific, Opsens, Koninklijke Philips, Abbott, Boston Scientific
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
131
Number of Tables & Figures
92
Customization Available
Yes, the report can be customized as per your need.
Global Pressure Guidewire Market Report Segments:
The global Pressure Guidewire market is segmented on the basis of:
Types
Flat Tipped Pressure Guidewires, Flexible Tipped Pressure Guidewires
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospitals, Ambulatory Surgical Centers, Independent Catheterization Labs
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Boston Scientific
- Opsens
- Koninklijke Philips
- Abbott
- Boston Scientific
Highlights of The Pressure Guidewire Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Flat Tipped Pressure Guidewires
- Flexible Tipped Pressure Guidewires
- By Application:
- Hospitals
- Ambulatory Surgical Centers
- Independent Catheterization Labs
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Pressure Guidewire Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A pressure guidewire is a long, thin tube that is inserted through the side of a patient's skull and threaded into the brain. The guidewire helps doctors locate and remove tumors or other abnormalities from inside the brain.
Some of the key players operating in the pressure guidewire market are Boston Scientific, Opsens, Koninklijke Philips, Abbott, Boston Scientific.
The pressure guidewire market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Pressure Guidewire Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Pressure Guidewire Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Pressure Guidewire Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Pressure Guidewire Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Pressure Guidewire Market Size & Forecast, 2020-2028
4.5.1 Pressure Guidewire Market Size and Y-o-Y Growth
4.5.2 Pressure Guidewire Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Flat Tipped Pressure Guidewires
5.2.2 Flexible Tipped Pressure Guidewires
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Hospitals
6.2.2 Ambulatory Surgical Centers
6.2.3 Independent Catheterization Labs
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Pressure Guidewire Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Pressure Guidewire Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Flat Tipped Pressure Guidewires
9.6.2 Flexible Tipped Pressure Guidewires
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Hospitals
9.10.2 Ambulatory Surgical Centers
9.10.3 Independent Catheterization Labs
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Flat Tipped Pressure Guidewires
10.6.2 Flexible Tipped Pressure Guidewires
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Hospitals
10.10.2 Ambulatory Surgical Centers
10.10.3 Independent Catheterization Labs
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Flat Tipped Pressure Guidewires
11.6.2 Flexible Tipped Pressure Guidewires
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Hospitals
11.10.2 Ambulatory Surgical Centers
11.10.3 Independent Catheterization Labs
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Flat Tipped Pressure Guidewires
12.6.2 Flexible Tipped Pressure Guidewires
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Hospitals
12.10.2 Ambulatory Surgical Centers
12.10.3 Independent Catheterization Labs
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Flat Tipped Pressure Guidewires
13.6.2 Flexible Tipped Pressure Guidewires
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Hospitals
13.10.2 Ambulatory Surgical Centers
13.10.3 Independent Catheterization Labs
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Pressure Guidewire Market: Competitive Dashboard
14.2 Global Pressure Guidewire Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Boston Scientific
14.3.2 Opsens
14.3.3 Koninklijke Philips
14.3.4 Abbott
14.3.5 Boston Scientific
