Persistence Market Research in its newly published report titled “Pressure Guidewire Market: Global Industry Analysis and Forecast, 2016-2024,” provides a forecast and analysis of the pressure guidewire market at both global and regional levels. Through extensive research, Persistence Market Research analysts have studied how the different market dynamics are likely to impact the current and future scenario of the global pressure guidewire market, thereby providing useful insights to market players to plan their differentiating strategies capable of evolving with the changing market landscape. The report analyzes the key trends, drivers, restraints and market opportunities and presents an impact analysis of key growth drivers and restraints based on the weighted average model to better equip and arm clients with crystal-clear decision-making insights.
While differentiating strategies, the analysts have come to a conclusion that over the last decade, major players are focusing on a rapid product launch for the diagnosis and treatment of cardiovascular diseases and to optimize PCI procedures to facilitate improved standards of care. According to the report, companies could capitalize by entering nascent markets in Eastern Europe and Africa, which are now witnessing economic prosperity. Companies may gain greater revenue visibility by getting their products approved by regulatory agencies, as physicians in most developed markets prefer using only approved products. While considering global pressure guidewire market pricing assumptions, the analysts have considered the weighted average pricing of individual pressure guidewires. Product prices have been captured from key manufacturers in top countries for each region, with respect to their estimated market share to arrive at region-wise weighted average pricing. The key players are categorized into three categories such as Tier 1, Tier 2 and Tier 3. The report captures pricing trends based on primary discussions with industry experts and manufacturers in each region. The pricing analysis includes pricing of disposable pressure guidewire used during PCI procedure. Currency fluctuations have not been taken into account and the analysis is static in nature. It also rules out the impact of extreme events in specific countries. A demand-supply gap analysis has also been carried out, involving both marketplace discussions and desk research in determining pricing premiums.
Economic analysis of pressure guidewire, technology assessment, regulatory scenario, reimbursement of fractional flow reserve in U.S. is the uniqueness of this report. Indicators such as R&D expenditure, research funding from government and non-profit organizations etc. have been considered to arrive at the indicated market numbers. Yearly change in inflation rate has not been factored in while forecasting market numbers. Bottom-up approach has been used to assess market numbers for each product category, while top-down approach has been used to counter-validate the reached numbers. The report takes an overview of the global pressure guidewire market. The overview consists of market taxonomy and a section underlining factors that influence the growth of the global pressure guidewire market. The analysts have provided key strategic recommendations for both existing and new players in the market to emerge sustainably profitable. The report covers the competitive landscape that provides a dashboard view of companies that manufacture and provide services in the global pressure guidewire market. The report contains company profiles of some of the key players and a strategic overview of mergers and acquisitions along with their expansion plans in different regions.
The forecast presented here assesses the total revenue of the global pressure guidewire market. When developing the market forecast, the starting point involves sizing the current market, which forms the basis for forecasting how the market is anticipated to take shape in the near future. Given the characteristics of the global market, the report triangulates the outcome on the basis of analysis based on supply and demand sides. However, quantifying the market across the aforementioned segments and regions is more a matter of quantifying expectations and identifying opportunities rather than rationalizing them after the forecast has been completed. The report also takes into consideration year-on-year growth to understand the predictability of the market and to identify the right opportunities across the global pressure guidewire market.
The global market for pressure guidewire is split into various categories and all these segments have been analyzed in terms of Basis Point Share (BPS) to understand individual segments’ relative contribution to overall market growth. This detailed level of information is important for the identification of various key trends governing the global pressure guidewire market. Another key feature of this report is the analysis of all key segments and the corresponding revenue forecast in terms of absolute dollar. This is traditionally overlooked while forecasting the market. However, the absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales perspective in the global pressure guidewire market.
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