The Neurovascular Guidewires Market report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
The global neurovascular guidewires market is expected to register a significant CAGR over a forecast period. The increasing trend of shifting towards the minimally invasive surgeries over open and invasive surgeries due to time-saving, fast recovery and cost effectiveness, is the key factor which drives the demand of the neurovascular guidewires and contributes to the growth of the global neurovascular guidewire market. The increasing prevalence of target diseases is also the factor increases the demand of neurovascular guidewires and propel the global neurovascular guidewires market. The increasing geriatric population is also driving the global neurovascular guidewires market. The research and development activities in terms of technology innovation for the product improvement by the guidewire manufacturing companies and the customization of guidewires as per requirement of treatment also boost the global neurovascular guidewires market over the forecast period.
However, the versatility of the guidewire may be the major factor restrain the growth of the global neurovascular guidewire market. The disadvantages of the use of guidewires such as the possibility of catheter tip flaring, blood clotting on the guidewire, abrasion of the vessel and the danger of unraveling also may hamper the use of neurovascular guidewires and restrain the growth of the global neurovascular guidewire market.
Neurovascular Guidewires Market: Key Players
Some of the major market players in neurovascular guidewires market globally include Boston Scientific Corporation, B. Braun Melsungen AG, Smiths Group Plc., Terumo Corporation, Cook Medical, Inc., Medtronic, Inc., Asahi Intecc Co. Ltd., St. Jude Medical, Inc., Cordis Corporation and Abbott Laboratories.
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Neurovascular Guidewires Market: Regional Overview
On the basis of regional presence, the global neurovascular guidewires market is segmented into five key regions: North America, Latin America, Europe, Asia-Pacific, and Middle East & Africa. The North America is dominating and contributed the leading shares to the global neurovascular guidewire market in terms of revenue and expected to register a significant growth over a forecast period due to the increasing prevalence of neurovascular diseases in the region. The Europe has also contributed the moderate shares and registered a healthy growth rate to the global neurovascular guidewires market followed by North America. The APEJ has become the lucrative market for neurovascular guidewires and anticipated to register significant shares over the forecast period due to the increasing medical tourism in the countries of APEJ such as India. The increasing infrastructure developments and improvements in the medical industry also boosts the APEJ neurovascular guidewires market. The Latin America and MEA are at a nascent stage to the global neurovascular guidewires market and expected to show a moderate growth over a forecast period due to growing medical industry in the region.
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