Healthcare Industry Guidewires Industry Analysis Report | Page 2
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Coronary, peripheral, neurovascular, and urology guidewires are the 4 products currently
offered in the market. All these products will be of prominent use in the medical sector in the
years ahead. In 2013, Terumo Corporation dominated the peripheral guidewires market on
account of its expansive product portfolio. Additionally, prominent players of neurovascular
guidewires include ASAHI INTECC and Codman Neurovascular.
Regions include North America, Latin America, Asia Pacific, Europe, and Middle East &
Africa (MEA). North America will lead the guidewires market over the next eight years. This
can be attributed to the advanced health infrastructure and cardiovascular and
neurovascular diseases in the region. Presence of large manufacturers and their respective
specialty products will also favor the regional market growth. Asia Pacific will be the fastest
growing market, owing its growth to the economies of China and India.
Research and development play a key role pertaining to the growth of the global market.
The companies involved have tried to create cost-effective products to prevent any product
recalls. Tip shape retention and flexibility are the prime requirements of health practitioners
while handling guidewires. Well-known players in the market are ASAHI INTECC, Terumo
Corporation, Boston Scientific Corporation, and Abbott Laboratories.
New product launches and collaborations with healthcare practitioners are a common
strategy followed by these players. For instance, Boston Scientific has launched Safari
preshaped TAVI guidewires, Fathom Steerable Guidewires, choice Floppy guidewires,
Journey Guidewire, and Kinetix Guidewires. The Fathom series has advanced micro
fabrication technology which can be used to treat tortuous vasculature. Safari series can
retain its shape and comes in three sizes.
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