Guidewires market is driven by the healthcare industry in particular. Small guidewires are basically designed for navigating vessels for reaching a vessel segment or lesion. Once the device’s tip does arrive at the prescribed destination, it starts acting as a guide that bigger catheters could fast follow to facilitate delivery to treatment site.
Workhorse guidewires come into picture during PTCA (percutaneous transluminal coronary angioplasty) and PTA (percutaneous transluminal angioplasty). There are two configurations of guidewires; viz nitinol core or solid steel wires and the solid wire encompassed in petite wire coil or braid.
Some guidewires have polymer coating. The polymer could be PTFF or silicone. This does increase lubricity. The hydrophilic coatings do lessen friction at the time of deployment and enable simpler movement in the tortuous vessels. North America rules the guidewires market; as healthcare spending is at its peak in the U.S. Europe comes second. The APAC; wherein consciousness regarding healthcare is rising, is expected to grow at the fastest pace in the years to come. In India, especially the ones like Apollo chain of hospitals; resort to guidewires for low-risk angiography.
The healthcare industry is sub-categorized into surgical centers, diagnostic centers, hospitals, ambulatory care centers, academic institutes, and research laboratories. The surgical centers, diagnostic centers, and hospitals are expected to witness the largest share of guidewires market in the next 5-6 years. This could b attributed to the technological advancements going on with respect to image-guided or minimally invasive medical procedures along with the ever-growing availability with regards to healthcare reimbursements along the major economies wherein medical procedures cover guidewires.
The key players like Angiodynamics, Olympus, B.Braun, Cardinal Health are expected to enter into joint ventures and/or mergers & acquisitions to give guidewires market a facelift in the years to come. Therefore, guidewires market is pretty much to watch out in the near future.