The global demand for Guidewires Market is presumed to reach the valuation of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% during the period of 2022-2028. Whereas with regards to volume, the market was calculated XX Kilo Units in 2019 and foreseen to touch XX Kilo Units by 2026 with a CAGR of XX% during 2020-2026.
The guidewire is a thin, flexible wire inserted into the body as a guide or to assist placement of a larger devices such as a catheter, central venous line, intramedullary pin, or feeding tube. It is an integral part of minimally invasive surgeries, designed to navigate to reach a vessel segment or lesion. These are featured by their pushability, steerability, torque, and opacity. It comes in two basic configurations: solid steel or nitinol core wires.
The growing number of minimally invasive medical procedures drives the demand for more medical specialties, including guidewire. Rising aging populations and increasing health disorders are fuelling the need for more guidewires. The rising number of people insured domestically and abroad, improving healthcare infrastructure in developing countries, and shorter recovery times impact the overall market outlook. Owing to growing complications in treatment and surgeries, market players are launching new products. Advancements in guidewire technology will provide exceptional torque and flexibility for procedures. The improved design of the new guidewire will simplify the process by enabling easy access to lesions in patients with tortuous, complex anatomy. However, a significant preference for other non-invasive therapies will hinder the growth of the market.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of guidewires.
The entire guidewires market has been sub-categorized into product, coating, raw materials and end user. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By Raw Materials
By End User
- Stainless Steel
- Diagnostic Centers
- Surgical Centers
- Ambulatory Care Centers
- Research Laboratories
- Academic Institutes
This section covers regional segmentation which accentuates on current and future demand for guidewires market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Guidewires Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the guidewires market include Medtronic, Boston Scientific Corporation, C.R. Bard, Terumo Corporation, Abbott Laboratories, B. Braun Melsungen AG, Johnson & Johnson Services, Inc., Stryker, Olympus Corporation, Teleflex Incorporated, Cook Group. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.