COVID-19 Impact analysis

• The neurovascular guidewires market was negatively affected due to the outbreak of COVID-19 pandemic.
• The COVID-19 pandemic has caused the imposition of lockdown due to which the production of neurovascular guidewires decreased and the global supply chain was affected.
• The neurovascular guidewires market faced downfall of revenue due to the COVID-19 pandemic.

Top Impacting Factors

Due to a variety of factors, the worldwide neurovascular guidewires market is predicted to rise rapidly.

The global neurovascular guidewires market is expected to grow fast due to a number of factors. Minimally invasive procedures are becoming more popular as they offer advantages over open surgeries such as less bleeding, less postoperative infection, fewer problems, a shorter hospital stay, and quicker recovery. The growing demand for enhanced guidewires with better lubrication, simplicity of insertion, and reduced patient discomfort has generated a profitable R&D opportunity in this industry. The rise in frequency of cardiovascular illnesses, growth in the number of interventional diagnostic procedures, surge in demand for minimally invasive surgeries, and advantageous reimbursement scenario are driving the global neurovascular guidewires market. The global neurovascular guidewires market is expected to be hampered by the high cost of minimally invasive operations and difficulties associated with guidewire use.

Market Trends

• Due to the extreme rising prevalence of neurovascular illnesses in the region, North America dominates and contributes the largest revenue share to the worldwide neurovascular guidewire market. The market is predicted to increase significantly over the forecast period.
• Europe has also supplied moderate shares to the worldwide neurovascular guidewires market, with a good growth rate, followed by North America.
• Because of the increasing medical tourism in Asia-Pacific nations such as India, the Asia-Pacific market for neurovascular guidewires has become a viable industry.
• The Asia-Pacific neurovascular guidewires market is additionally boosted by increased infrastructure expansions and improvements in the medical industry. The global neurovascular guidewires market is in its infancy in Latin America and the Middle East and Africa, but it is predicted to develop moderately over the forecast period due to the region's burgeoning medical industry.
• Over the projection period, the global neurovascular guidewires market would benefit from R &D initiatives in terms of technology innovation for product improvement by guidewire manufacturing businesses, as well as customization of guidewires based on treatment requirements.

Key Benefits of the Report

• This study presents the analytical depiction of the neurovascular guidewires industry along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the neurovascular guidewires market share.
• The current market is quantitatively analyzed from 2020 to 2030 to highlight the neurovascular guidewires market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
• The report provides a detailed neurovascular guidewires market analysis based on competitive intensity and how the competition will take shape in coming years