Pressure Guidewires Market in North America is anticipated to offer an absolute dollar opportunity of about US$ 10 million in 2017 compared to 2016. The North American market is anticipated to reach close to US$ 350 million by the end of 2024, growing at a CAGR of 10.5% during the forecast period. With a market attractiveness index of 1.6, North America is predicted to be the most profitable regional market in the global pressure guidewire industry.
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By the end of 2016, it was estimated that the U.S. market had more than 80% of the revenue in the North American pressure guidewire industry. By 2024, it is anticipated to increase its market share by more than 150 BPS over that of 2016. By the end of 2016, it was estimated that the Canada market had a greater than 15% revenue share of the North American pressure guidewire market. It is anticipated that market share will decline by more than 150 BPS by 2024 compared to 2016.
With an attractiveness index of 1.7 during the forecast period, the U.S. market is anticipated to continue to be the most lucrative in terms of revenue in the global pressure guidewire market.
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Keyplayers : Pressure Guidewire Market
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- Boston Scientific Corporation
- Opsens Inc.
- Koninklijke Philips N.V.
- Abbott Laboratories
- Others
Market segmentation : Pressure Guidewire Market
Pressure Guidewire Market : By Product Type
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- Flat Tipped Pressure Guidewires
- Flexible Tipped Pressure Guidewires
Pressure Guidewire Market : By Technology Type
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- Pressure Wire Technology
- Optical Fiber Technology
Pressure Guidewire Market : By End User
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- Hospitals
- Ambulatory Surgical Centers
- Independent Catheterization Labs
Pressure Guidewire Market : By Region
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- North America
- Latin America
- Europe
- APAC
- MEA
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Market share of companies based in North America
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- US based Abbott Laboratories held around 26% revenue share in the pressure guidewire market in 2015. The company has a strong foothold in cardiovascular products. It deals with both flat and agile tip pressure guidewire with pressure wire technology.
- Canada based Opsens Inc. focuses on optical based pressure guidewire such as OptoWire Deux and OptoWire One. Opsens Inc. has the potential to be the key player in the pressure guidewire market with its unique and advanced technology and held around 20% revenue share in the past year.
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