by The guidewires market size is expected to reach USD 1,512.2 million by 2030. It is anticipated to grow with a healthy CAGR of 5% from 2021 to 2030. Growing incidences of target diseases across the globe is major factor driving growth of the global guidewires market.
Guidewires refers to the flexible tube is used for guiding the catheter into diseased artery for accurate placement. Guidewires offers advantages including quicker recovery time, smaller incisions, and reduced pain. Growing demand for the guidewires owing to its benefits for the minimally invasive surgical procedures is supporting the global industry growth. Geriatric population across the globe is increasing continuously and leading to the various chronic diseases like neurovascular disorders, cardiovascular diseases, and urological diseases intern boosting growth of the global industry in the near future. Governments in developed countries are offering favorable reimbursement framework which is expected to support the growth of the guidewires industry. Emerging markets are spending heavily on the healthcare and offering lucrative growth opportunities for the vendors, distributors, end uses across the world. Major trends witnessed in the global market are healthcare providers in Europe are focusing on consolidation. The trend is anticipated to continue and will propel industry growth in the near future.
In 2022, the guidewires market study provides crucial information on market share, market size, growth rate analysis Y-O-Y, production, consumption, and sales analysis for the forecast period 2021 to 2030. The report contains 150+ pages with detailed analysis.
Growth Factors:
Growing incidences of target diseases across the globe is major factor driving growth of the global guidewires market. In addition to this, key players operating in the global industry are focusing on the launches of the advanced products which is propelling the target industry market in the near future. Furthermore, favorable medicinal reimbursements for the guidewire are another factor to boost growth of the global industry in the near future. Furthermore, growing demand for the guidewire, owing to increasing minimally invasive surgical procedures worldwide. Moreover, increasing applications of the guidewire for various end uses purposes is another factor expected to have positive impact on the growth of the target industry in the near future. Continue increase in the old aging population is in turn creating huge demand for the guidewires and propelling industry growth. Some factors such as declining rate of fertility, growth in the longevity and worldwide migrations are anticipated to augment growth of the global industry over the next 10 years. Ongoing technological advancements by the major manufacturers across the globe are creating potential opportunities for the target industry growth. However, high costs associated with the guidewires are major factor hampering on the market growth. Also, risks associated with the guidewires may hamper growth of the target market in the near future.
Market Scope:
| Report Highlights | Details |
| Market Size | US$ 1,512.2 Million by 2030 |
| Growth Rate | CAGR of 5% From 2021 to 2030 |
| Base Year | 2020 |
| Historic Data | 2017 to 2020 |
| Forecast Period | 2021 to 2030 |
| Segments Covered | Product, Coating, Raw Materials |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA) |
COVID-19 Impact:
The industrial report mentions the influence of the ongoing COVID-19 pandemic. The outbreak has caused disturbances in several industries and has hammered the logistics, resulting in delayed deliveries and cancellation of product demand. The guidewires report proficiently explains the resulting factors and concerns of manufacturers. Researchers have also well-explained how the producers and providers will tackle the ongoing epidemic and the key strategies to be adopted post-pandemic for turning their businesses back to normal.
Regional Analysis:
The report covers data for North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. In 2020, North America dominated the global market with a market share of more than 30%. United States represented the highest share in the North America region primarily due to growing preference for the minimally invasive surgical procedures in the country. Further availability of reimbursements for the guidewires is another factor expected to fuel growth of the region in the near future. Further Europe is an important market in the guidewires. The growth of the guidewires industry in the countries of the Asia Pacific is attributed to growing adoption of the guidewires due to increasing minimally invasive surgical procedures in the countries including China, India, Japan, among others. Asia Pacific anticipated growing at the maximum CAGR in the forecast period due increasing launch of advanced products in the countries of the region. Also, developed economies across the globe are adopting guidewires owing to favorable medical reimbursements by the regulatory bodies in the region. Latin America and the African and Middle Eastern region will show perceptible growth over the forecast period owing to growing applications of guidewires in the countries including Brazil, Mexico, GCC of the regions.
Key Players:
The guidewires market is consolidated with a major number of manufacturers. The company profiling of key players in the market includes major business strategies, company overview and revenues. In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report. Primary research represents a bulk of research efforts, supplemented by extensive secondary research.
Some of the prominent players in the guidewires market include:
- Olympus Corporation
- Braun Melsungen AG
- Abbott
- Asahi Intecc, Co Ltd
- Medtronic
- Boston Scientific Corporation
- Terumo Corporation
- Stryker Corporation
- Cook Group
- AngioDynamicis Inc
- Cardinal Health
Market Segmentation
By Product
- Coronary
- Peripheral
- Urology
- Neurovascular
By Coating
- Coated
- Hydrophilic
- Hydrophobic
- Non coated
By Raw Materials
- Nitinol
- Stainless Steel
- Others
Regional Segmentation
- North America (U.S. and Canada)
- Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
- Asia-Pacific (China, Japan, India, Southeast Asia and Rest of APAC)
- Latin America (Brazil and Rest of Latin America)
- Middle East and Africa (GCC, North Africa, South Africa, Rest of MEA)
Find More Press Releases at https://www.globenewswire.com/en/search/organization/Precedence%2520Research
Frequently Asked Questions?
- What is the total market value?
- What will be the growth in 2030?
- What are the key trends in the market?
- What are the major players in guidewires markets?
- What are the key growth strategies of industry players?
- Which region would offer a higher growth?
- What are the countries included in the rest of the word segments?
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TABLE OF CONTENT
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. DataSources
2.3. Assumptions& Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Guidewires Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
Chapter 5. COVID 19 Impact on Guidewires Market
5.1. Covid-19: Guidewires Industry Impact
5.2. Guidewires Business Impact Assessment: Covid-19
5.2.1. Services Challenges/Disruption
5.2.2. Market Trends and Guidewires Opportunities in the COVID-19 Landscape for Major Markets
5.3. Strategic Measures against Covid-19
5.3.1. Government Support and Initiative to Combat Covid-19
5.3.2. Proposal for Guidewires Market Players to deal with Covid-19 Pandemic Scenario
Chapter 6. Guidewires Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.1.1. Product launches by key manufacturers
6.1.1.2. Increasing applications of guidewires
6.1.2. Market Restraints
6.1.2.1. High cost of surgical guidewires
6.1.3. Market Opportunities
6.1.3.1. Emerging applications
Chapter 7. Global Guidewires Market: Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.1.1. Guidewires Market Revenue by Market Players (2017 – 2020)
7.1.1.2. Guidewires Market Revenue Market Share by Market Players (2017 – 2020)
7.1.2. Key Organic/Inorganic Strategies Adopted by Players
7.1.2.1. Product Portfolio Expansion, Geographic Expansion, Product Innovation
7.1.2.2. Merger and Acquisition, Collaboration and Partnerships
7.1.3. Market Players Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of End-users
Chapter 8. Global Guidewires Market, By Product
8.1. GuidewiresMarket, by Product, 2017-2030
8.1.1. Coronary
8.1.1.1. Market Revenue and Forecast (2017-2030)
8.1.2. Peripheral
8.1.2.1. Market Revenue and Forecast (2017-2030)
8.1.3. Urology
8.1.3.1. Market Revenue and Forecast (2017-2030)
8.1.4. Neurovascular
8.1.4.1. Market Revenue and Forecast (2017-2030)
Chapter 9. Global Guidewires Market, By Coating
9.1. Guidewires Market, by Coating, 2017-2030
9.1.1. Coated
9.1.1.1. Market Revenue and Forecast (2017-2030)
9.1.1.1.1. Hydrophilic
9.1.1.1.2. Hydrophobic
9.1.2. Non Coated
9.1.2.1. Market Revenue and Forecast (2017-2030)
Chapter 10. Global Guidewires Market, By Raw Material
10.1. Guidewires Market, by Raw Material, 2017-2030
10.1.1. Nitinol
10.1.1.1. Market Revenue and Forecast (2017-2030)
10.1.2. Stainless Steel
10.1.2.1. Market Revenue and Forecast (2017-2030)
10.1.3. Others
10.1.3.1. Market Revenue and Forecast (2017-2030)
Chapter 11. Global Guidewires Market, Regional Estimates and Trend Forecast
11.1. North America
11.1.1. Market Revenue Forecast by Product(2017-2030)
11.1.2. Market Revenue Forecast by Coating (2017-2030)
11.1.3. Market Revenue Forecast by Raw Material (2017-2030)
11.1.4. U.S
11.1.4.1. Market Revenue Forecast (2017-2030)
11.1.5. Canada
11.1.5.1. Market Revenue Forecast (2017-2030)
11.2. Europe
11.2.1. Market Revenue Forecast by Product (2017-2030)
11.2.2. Market Revenue Forecast by Coating (2017-2030)
11.2.3. Market Revenue Forecast by Raw Material (2017-2030)
11.2.4. UK
11.2.4.1. Market Revenue Forecast (2017-2030)
11.2.5. Germany
11.2.5.1. Market Revenue Forecast (2017-2030)
11.2.6. France
11.2.6.1. Market Revenue Forecast (2017-2030)
11.2.7. Rest of EU
11.2.7.1. Market Revenue Forecast (2017-2030)
11.3. Asia Pacific (APAC)
11.3.1. Market Revenue Forecast by Product (2017-2030)
11.3.2. Market Revenue Forecast by Coating (2017-2030)
11.3.3. Market Revenue Forecast by Raw Material (2017-2030)
11.3.4. China
11.3.4.1. Market Revenue Forecast (2017-2030)
11.3.5. India
11.3.5.1. Market Revenue Forecast (2017-2030)
11.3.6. Japan
11.3.6.1. Market Revenue Forecast (2017-2030)
11.3.7. Rest of APAC
11.3.7.1. Market Revenue Forecast (2017-2030)
11.4. LATAM
11.4.1. Market Revenue Forecast by Product (2017-2030)
11.4.2. Market Revenue Forecast by Coating (2017-2030)
11.4.3. Market Revenue Forecast by Raw Material (2017-2030)
11.4.4. Brazil
11.4.4.1. Market Revenue Forecast (2017-2030)
11.4.5. Rest of LATAM
11.4.5.1. Market Revenue Forecast (2017-2030)
11.5. Middle East and Africa (MEA)
11.5.1. Market Revenue Forecast by Product (2017-2030)
11.5.2. Market Revenue Forecast by Coating (2017-2030)
11.5.3. Market Revenue Forecast by Raw Material (2017-2030)
11.5.4. GCC
11.5.4.1. Market Revenue Forecast (2017-2030)
11.5.5. North Africa
11.5.5.1. Market Revenue Forecast (2017-2030)
11.5.6. South Africa
11.5.6.1. Market Revenue Forecast (2017-2030)
11.5.7. Rest of MEA
11.5.7.1. Market Revenue Forecast (2017-2030)
Chapter 12. Company Profiles
12.1. Abbott
12.1.1. Company Overview, Business Information, Regional Presence
12.1.2. Product Portfolio Analysis
12.1.2.1. Product Details, Specification, Application
12.1.3. Revenue, Price, and Gross Margin (2017-2020)
12.1.4. Recent Developments and Strategies
12.2. AngioDynamicis Inc
12.2.1. Company Overview, Business Information, Regional Presence
12.2.2. Product Portfolio Analysis
12.2.2.1. Product Details, Specification, Application
12.2.3. Revenue, Price, and Gross Margin (2017-2020)
12.2.4. Recent Developments and Strategies
12.3. Asahi Intecc, Co Ltd
12.3.1. Company Overview, Business Information, Regional Presence
12.3.2. Product Portfolio Analysis
12.3.2.1. Product Details, Specification, Application
12.3.3. Revenue, Price, and Gross Margin (2017-2020)
12.3.4. Recent Developments and Strategies
12.4. B. Braun Melsungen AG
12.4.1. Company Overview, Business Information, Regional Presence
12.4.2. Product Portfolio Analysis
12.4.2.1. Product Details, Specification, Application
12.4.3. Revenue, Price, and Gross Margin (2017-2020)
12.4.4. Recent Developments and Strategies
12.5. Boston Scientific Corporation
12.5.1. Company Overview, Business Information, Regional Presence
12.5.2. Product Portfolio Analysis
12.5.2.1. Product Details, Specification, Application
12.5.3. Revenue, Price, and Gross Margin (2017-2020)
12.5.4. Recent Developments and Strategies
12.6. Cook Group
12.6.1. Company Overview, Business Information, Regional Presence
12.6.2. Product Portfolio Analysis
12.6.2.1. Product Details, Specification, Application
12.6.3. Revenue, Price, and Gross Margin (2017-2020)
12.6.4. Recent Developments and Strategies
12.7. Cardinal Health
12.7.1. Company Overview, Business Information, Regional Presence
12.7.2. Product Portfolio Analysis
12.7.2.1. Product Details, Specification, Application
12.7.3. Revenue, Price, and Gross Margin (2017-2020)
12.7.4. Recent Developments and Strategies
12.8. Medtronic
12.8.1. Company Overview, Business Information, Regional Presence
12.8.2. Product Portfolio Analysis
12.8.2.1. Product Details, Specification, Application
12.8.3. Revenue, Price, and Gross Margin (2017-2020)
12.8.4. Recent Developments and Strategies
12.9. Olympus Corporation
12.9.1. Company Overview, Business Information, Regional Presence
12.9.2. Product Portfolio Analysis
12.9.2.1. Product Details, Specification, Application
12.9.3. Revenue, Price, and Gross Margin (2017-2020)
12.9.4. Recent Developments and Strategies
12.10. Stryker Corporation
12.10.1. Company Overview, Business Information, Regional Presence
12.10.2. Product Portfolio Analysis
12.10.2.1. Product Details, Specification, Application
12.10.3. Revenue, Price, and Gross Margin (2017-2020)
12.10.4. Recent Developments and Strategies
12.11. Terumo Corporation
12.11.1. Company Overview, Business Information, Regional Presence
12.11.2. Product Portfolio Analysis
12.11.2.1. Product Details, Specification, Application
12.11.3. Revenue, Price, and Gross Margin (2017-2020)
12.11.4. Recent Developments and Strategies
Chapter 13. Appendix
13.1. About Us
13.2. Glossary of Terms
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