Market Overview

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 segmented on the basis of type, material, application and coating.

On the basis of type, the global neurovascular guidewires market is segmented into:

Solid guide wire
Wrapped guide wire

On the basis of material, the global neurovascular guidewires market is segmented into:

Stainless steel
Platinum
Palladium
Tungsten
polymer
Others

On the basis of application, the global neurovascular guidewires market is segmented into:

Heart
Liver
Kidney
Others

On the basis of coating, the global neurovascular guidewires market is segmented into:

Lubricious
- Hydrophilic
- Hydrophobic
Dielectric
Hemocompatible

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.

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.