According to the latest report by IMARC Group, titled “Guidewires Market Share: Global Industry Trends, Demand, Size, Growth, Opportunity and Forecast 2020-2025,” the global guidewires market size reached US$ 1.26 Billion in 2019. A guidewire is a thin, flexible medical wire used to insert, position and move larger devices such as a catheter, central venous line, or feeding tube. It is designed to navigate vessels to reach a lesion or vessel segment. The guidewire has become an integral part of various medical procedures and its use is steadily increasing and expanding. As a result, it is available in a wide array of shapes and tapers for medical specialties.
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Global Guidewires Market Trends:
The occurrence of chronic diseases, such as cardiovascular, urological and neurovascular disorders, especially in the geriatric population, represents the primary factor bolstering the market growth. Guidewires are used for conducting bariatric procedures and diagnosing and treating cardiovascular diseases (CVDs). Besides this, with a significant rise in the healthcare expenditure, individuals are opting for minimally invasive surgical techniques as they offer reduced pain, faster recovery time and smaller incisions. Moreover, with technological advancements, manufacturers can develop a broad range of guidewires, including percutaneous transluminal coronary angioplasty (PTCA) guidewires and micro-guidewires. Looking forward, the market is expected to exhibit moderate growth during 2020-2025.
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Breakup by Product:
- Surgical Guidewires
- Hydrophilic Surgical Guidewires
- Hydrophobic Surgical Guidewires
- Diagnostic Guidewires
- Hydrophilic Diagnostic Guidewires
- Hydrophobic Diagnostic Guidewires
Breakup by Material:
- Stainless Steel
Breakup by Application:
Breakup by End User:
- Hospitals, Diagnostic Centers and Surgical Centers
- Ambulatory Care Centers (ACC)
Breakup by Region:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
The report has also analysed the competitive landscape of the market with some of the key players being Abbott Laboratories, AngioDynamics Inc., ASAHI INTECC Co., Ltd., B. Braun (B. Braun Holding GmbH & Co. KG), Boston Scientific, C. R. Bard Inc. (Becton, Dickinson and Company), Cardinal Health, Cook Medical Incorporated (Cook Group), Johnson & Johnson, Medtronic Plc , Merit Medical Systems Inc., Olympus Corporation, Stryker Corporation, Teleflex Medical Inc. and Terumo Corporation.
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