Neurovascular Guidewires Market to Remain Lucrative by 2025

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Summary

The global neurovascular guidewires market is expected to register a significant CAGR over a forecast period. 

Press Release

Neurovascular guidewires are the metallic and non-metallic structures which guide the catheter through the blood vessels for the placement in the cardiology and radiology angiographic procedures. Neurovascular guidewires are used to treat aneurysms and cerebral arteriovenous abnormalities conditions by placing stent or coils in intracranial locations. Neurovascular guidewires are inserted into the patient body through a small incision. There are different type of neurovascular guidewires available based on the requirement and for applications such as heart, liver or kidney. The properties of neurovascular guidewires such as stiffness, flexibility, low friction navigation, hydrophilic coating, and torqueability are plays an important role in the use of neurovascular guidewires during treatment. The increasing preference of minimally invasive surgery over traditional surgery is the key growth factor boost the use of neurovascular guidewires.

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.

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.

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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