Market Revenue Guidewires Market Analysis by 2020 | Page 3

Additionally, R&D lays emphasis primarily on unmet requirements of healthcare consultants and experts in
consideration. Minimal wire perforation, flexibility and tip shape retention are the most important requirements
of healthcare specialists and consultants.
Regional Insights
Key regional market for guidewires market includes Europe, Asia-Pacific, North America, and RoW. In 2013, the
North America emerged as the largest segment in terms of market revenue. This can be attributed to high
prevalence of cardiovascular, presence of sophisticated healthcare infrastructure, high patient awareness levels
and neurovascular disorders.
On the other hand, Asia-Pacific was the most rapidly growing region of the guidewires market. Drastic
improvement in the economic conditions of developing countries such as China and India along with the
availability new opportunities in untapped markets is projected to propel market growth of guidewires market
in the region.
Competitive Insights
Key industry players operating in the market include Boston Scientific Corporation, Terumo Corporation and
Abbott Laboratories. A diversified product portfolio in addition to high market penetration in emerging
economies such as China and India, Terumo Corporation emerged as the dominant player in the peripheral
guidewires market in 2013.
Boston Scientific Corporation, Cook Medical, Terumo Corporation and Bard Medical are some of the key players
in the urology guidewires market. Terumo’s patent product “Glidewire” has been gaining popularity amongst
several healthcare practitioners and is one among the fastest growing organisations in this segment.
Additionally, key market participants of the neurovascular guidewires industry include Codman Neurovascular
and ASAHI INTECC.
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