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The global guidewires industry is being driven by the increasing demand from the healthcare industry and the favourable government policies across the globe. The increasing awareness regarding the reimbursement policies has significantly boosted the growth of the industry. The market is also being supported by the rising focus on safety in surgical procedures. In developed countries like the United States, the reliance of consumers on expedited and seamless surgeries has significantly contributed to the market expansion. Further, the increased penetration of the leading companies in the region is also aiding the industry growth. Meanwhile, the Middle East and Africa is expected to account for a relatively small market share in the forecast period due to the lack of advanced healthcare facilities in the region.
The growing focus of the leading players on launching new products and expanding their presence across the key developing markets is expected to significantly boost the industry growth. In September 2016, Boston Scientific Corporation (NYSE: BSX), one of the leading players in the industry, launched a new line of coronary guidewires (SENTAI) in collaboration with Japan based FMD Co., Ltd. Such developments have positively influence the market growth.
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The major players in the global guidewires market are Boston Scientific Corporation, Medtronic Plc, Teleflex Incorporated, Cardinal Health Inc., Terumo Medical Corporation, and Abbott Laboratories, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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