Global Cardiac Guide Wire and Catheters Market is Expected to Increse around US$ XX Mn by 2024, Due to Increasing Cardiovascular Disease Such as Heart Attack and Atherosclerosis
Analyst Speak:
“The Global Cardiac Guide Wire and Catheters Market is anticipated to reach about US$ XX Mn by 2024, and anticipated to expanding at a CAGR over six years of forecast period 2019-2024” due to rise in occurrence of cardiovascular diseases and aging population.
Precision Business Insights (PBI) in its report titled “Cardiac Guide Wire Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2012-2018 and Forecast 2019-2024” assesses the market performance over six years forecast period from 2019 to 2024. The report covers in-detail insights about the competitor’s overview, key findings and their key strategies also it gives a detailed outline about drivers, restraints, challenges and trends that are faced by the industry.
The global cardiac guide wire market size was accounted for US$ XX Mn in 2018 and anticipated to account for US$ XX Mn by 2024. Increased prevalence of cardiovascular disease such as heart attack and atherosclerosis will have a great demand for Global Cardiac Guide Wire and Catheters in the market. Moreover, advancements in technology and rise in the aging population are the factors that enhances the growth of the market over the forecasted period. However, lack of skilled healthcare professionals and the recent product recalls are restraining the growth of the market.
Global cardiac guide wire and catheters market is segmented on the basis of tip flexibility, coating, material, and end user.
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Floppy Guide Wires are expected to dominate the market
Based on tip flexibility, Cardiac guide wires are segmented into floppy guide wires, stiff guide wires, and intermediate guide wires. Floppy guide wires are expected to dominate the market due to availability of advanced treatment option such as drug eluting balloons over the forecast periods. Stiff guide wires are projected to show the growth over the forecasted years.
North America shares major revenue share for cardiac guide wire systems market
PBI’s global cardiac guide wire and catheters market report analyses the market in different regions such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. According to regional analysis, North America is expected to hold major share of global coronary guide wires market which is then followed by Western Europe owing to technological advancement, increasing number of market players in cardiac guide wires market and rising awareness regarding angioplasty procedures. It has been analyzed that cardiac guide wires have been widely adopted in clinical practice and is associated with improved clinical outcomes in Western Europe. Asia-Pacific market is expected to register fastest growth owing to the rise in geriatric population and increasing obesity, which ultimately gives rise to the number of patients suffering for cardiac artery diseases over the forecast period.
Product approvals and collaborations are the key strategies adopted by the market players that plays major role in the global cardiac guide wire and catheters market
Global cardiac guide wire and catheters market further reveals that the key player’s increasingly adopting strategies such as approvals & mergers and acquisitions to improve market revenue share and gaining significant geographic presence across the region. For instance, in March 2017, U.S. Food and Drug Administration (FDA) approved Abbott’s new sensor-enabled FlexAbility ablation catheter, designed to work with EnSite Precision cardiac mapping system and MediGuide Technology to safely treat atrial flutter (condition similar to atrial fibrillation) and heart rhythm disorder.
Key market players in cardiac guide wires market includes Medtronic, Boston Scientific, Abbott Laboratories, Cordis, Ovalum Ltd., JOTEC GmbH, QXMédical, LLC etc
Detailed Segmentation
By Tip Flexibility
o Floppy
o Stiff
o Intermediate
By Coating
o Hydrophobic
o Hydrophilic
By Material
o Nitinol
o Stainless steel
o Hybrid
By End User
o Hospitals
o ASCs
o Cardiac Catheterization Laboratories
Geography
o North America
• U.S
• Canada
o Europe
• Germany
• France
• U.K
• Italy
• Spain
• Russia
• Poland
• Rest of Europe
o Asia-Pacific
• Japan
• China
• India
• Australia & New Zealand
• Rest of Asia-Pacific
o Rest of World
• Brazil
• South Africa
• Saudi Arabia
• Others
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