Guidewires are thin, flexible tubes that lead a catheter into the affected organ. Guidewires are used to access the target vessels, cross lesions, and offer patients final interventional therapy. Guidewires are major elements of the vascular intervention, having important applications in the field of minimally invasive operations due to their ability to provide exact and successful results. There are several types of guidewires because diverse clinical presentations necessitate distinct device features. A proper guidewire for a specific ailment can increase reduce costs, improve crossing success, device delivery, and reduce the risk of vascular injury. Guidewires are generally made of stainless steel and have an elastic coil tip to protect blood vessels. Guidewires are reusable items in nature, with manufacturers primarily using low-cost stainless steel as a raw material. A diverse choice of wire arrangements and tip shapes allows healthcare providers to select the best tool for surgical operations. In the medical device sector, the biomechanical features of guidewires contribute to its continuous growth.
The increasing usage of guidewires in surgical operations is expected to drive the global guidewires market growth over the forecast period.
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According to the Journal of the American College of Cardiology, in 2015 around 422.7 million cases of cardiovascular diseases were registered worldwide, with 8.9 million death cases owing to Ischemic Heart Disease. The increased frequency of cardiovascular diseases is related to a change in lifestyle behaviors such as dietary abnormalities and smoking, which leads to rising obesity rates, driving the global guidewires market growth over the forecast period. Furthermore, the increased patient awareness of the benefits of minimally invasive treatments, such as less painful surgical experience, quicker recovery, fewer post-surgery complications, smaller incision wounds, and greater patient satisfaction, is favoring the demand for guidewires. Moreover, the growing adoption of guidewires across medical practitioners, high R&D investments, and an increasing number of new players are driving the global guidewires market growth over the forecast period. The rising use of guidewires for diagnostic and interventional applications in cardiological diseases is expected to propel the global guidewires market growth during the forecast period.
Coronary guidewires are largely used guidewires owing to the high volumes of minimally invasive coronary procedures
The global guidewires market is segmented on the basis of product type, application, end user and geography.
On the basis of product type, the global guidewires market is segmented into:
- Stainless Steel Guidewires
- Nitinol Guidewires
- Hybrid Guidewires
On the basis of application, the global guidewires market is segmented into:
- Interventional cardiology
- Infusion therapy
- Vascular access
- Interventional neuroradiology
- Endourology
- Gastroenterology
On the basis of end users, the global guidewires market is segmented into:
- Hospitals
- Ambulatory Surgical Centers
- Others
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The increase of peripheral vascular diseases propels the guidewires market in the Asia Pacific region
Coherent Market Insights’ regional segmentation of the global guidewires market includes Europe, Africa, Asia-Pacific, North America, Latin America, and the Middle East. According to the Centers for Disease Control and Prevention, around 8.5 million individuals in the US had peripheral artery disease in 2016, with a significant rise to 19 million by 2050. As a result, North America accounts for the largest share in the global guidewires market. The increase in lifestyle disorders such as strokes, neurovascular disorders, ischemic stroke, heart attacks, atherosclerosis, and myocardial infarction are the primary factors driving the growth of the guidewires market in North America over the forecast period.
The Asia Pacific market is expanding rapidly as a result of economic expansion, improved healthcare facilities, and government initiatives in developing and emerging countries. Furthermore, a huge number of patients with peripheral vascular disorders leads to an increase in endovascular operations in highly populated nations such as China and India.
Significant technology improvements, such as magnetic guidewire navigation, are expected to create enormous growth prospects for market players.
Some of the major players contributing to the global guidewires market include Cordis Corporation, Boston Scientific Corporation, C.R. Bard., and ASAHI INTECC Inc. Terumo’s Guidewire product is increasingly attracting prominence in the global market due to its increased efficiency in vascular access and coronary intervention operations. Other notable vendors that have incorporated technical advancements and innovation for producing new guidewires in terms of tip retention, flexibility, and construction are Covidien plc, Medtronic Inc., Cook Medical, Abbott Laboratories, Terumo Corporation, and Braun Melsungen
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Table of Content:
- Research Objective and assumption
o Research Objectives
o Assumptions
o Abbreviations - Market Overview
o Report Description
• Market Definition and Scope
o Executive Summary
• Market Snippet By Product Type
• Market Snippet By Application
• Market Snippet By Technology
• Market Snippet By End User
• Market Snippet By Region
o Coherent Opportunity Map (COM) - Market Dynamics, Regulations, and Trends Analysis
o Market Dynamics
• Drivers
• Restraints
• Market Opportunities
o Technological Trends
o PEST Analysis
o Impact Analysis - Global Guidewires Market, By Product Type, 2021 – 2028 (US$ Million)
o Introduction
• Market Share Analysis, 2016 and 2028 (%)
• Y-o-Y Growth Analysis, 2021 – 2028
• Segment Trends
o Reagents & Consumables
• Introduction
• Market Size and Forecast, and Y-o-Y Growth, 2021 – 2028, (US$ Million)
o Software’s
• Introduction
• Market Size and Forecast, and Y-o-Y Growth, 2021 – 2028, (US$ Million)
o Instruments
• Introduction
• Market Size and Forecast, and Y-o-Y Growth, 2021 – 2028, (US$ Million) - Global Guidewires Market, By Application, 2021 – 2028 (US$ Million)
o Introduction
• Market Share Analysis, 2016 and 2028 (%)
• Y-o-Y Growth Analysis, 2021 – 2028
• Segment Trends
o Genomics
• Introduction
• Market Size and Forecast, and Y-o-Y Growth, 2021 – 2028, (US$ Million)
o Proteomics
• Introduction
• Market Size and Forecast, and Y-o-Y Growth, 2021 – 2028, (US$ Million)
o Diagnostics
• Introduction
• Market Size and Forecast, and Y-o-Y Growth, 2021 – 2028, (US$ Million)
o Drug Discovery
• Introduction
• Market Size and Forecast, and Y-o-Y Growth, 2021 – 2028, (US$ Million) - Global Guidewires Market, By Technology, 2021 – 2028 (US$ Million)
o Introduction
• Market Share Analysis, 2016 and 2028 (%)
• Y-o-Y Growth Analysis, 2021 – 2028
• Segment Trends
o Microarrays
• Introduction
• Market Size and Forecast, and Y-o-Y Growth, 2021 – 2028, (US$ Million)
o Microfluidics
• Introduction
• Market Size and Forecast, and Y-o-Y Growth, 2021 – 2028, (US$ Million) - Global Guidewires Market, By End User, 2021 – 2028 (US$ Million)
o Introduction
• Market Share Analysis, 2016 and 2028 (%)
• Y-o-Y Growth Analysis, 2021 – 2028
• Segment Trends
o Hospitals
• Introduction
• Market Size and Forecast, and Y-o-Y Growth, 2021 – 2028, (US$ Million)
o Diagnostic Labs
• Introduction
• Market Size and Forecast, and Y-o-Y Growth, 2021 – 2028, (US$ Million)
o Academic & Research Institutes
• Introduction
• Market Size and Forecast, and Y-o-Y Growth, 2021 – 2028, (US$ Million)
o Biotechnology & Pharmaceutical Companies
• Introduction
• Market Size and Forecast, and Y-o-Y Growth, 2021 – 2028, (US$ Million)
8. Global Guidewires Market, By Regions, 2021 – 2028 (US$ Million)
o Introduction
• Market Share Analysis, By Region, 2016 and 2028 (%)
• Y-o-Y Growth Analysis, For Regions, 2021 – 2028
o North America
• Market Size and Forecast, By Product Type, 2021 – 2028 (US$ Million)
• Market Size and Forecast, By Application, 2021 – 2028 (US$ Million)
• Market Size and Forecast, By Technology, 2021 – 2028 (US$ Million)
• Market Size and Forecast, By End User, 2021 – 2028 (US$ Million)
• Market Size and Forecast, By Country, 2021 – 2028 (US$ Million)
• U.S.
• Canada
o Europe
• Market Size and Forecast, By Product Type, 2021 – 2028 (US$ Million)
• Market Size and Forecast, By Application, 2021 – 2028 (US$ Million)
• Market Size and Forecast, By Technology, 2021 – 2028 (US$ Million)
• Market Size and Forecast, By End User, 2021 – 2028 (US$ Million)
• Market Size and Forecast, By Country, 2021 – 2028 (US$ Million)
• Germany
• U.K.
• France
• Italy
• Spain
• Russia
• Rest of Europe
o Asia Pacific
• Market Size and Forecast, By Product Type, 2021 – 2028 (US$ Million)
• Market Size and Forecast, By Application, 2021 – 2028 (US$ Million)
• Market Size and Forecast, By Technology, 2021 – 2028 (US$ Million)
• Market Size and Forecast, By End User, 2021 – 2028 (US$ Million)
• Market Size and Forecast, By Country, 2021 – 2028 (US$ Million)
• China
• India
• Japan
• Australia
• South Korea
• ASEAN
• Rest of APAC
o Latin America
• Market Size and Forecast, By Product Type, 2021 – 2028 (US$ Million)
• Market Size and Forecast, By Application, 2021 – 2028 (US$ Million)
• Market Size and Forecast, By Technology, 2021 – 2028 (US$ Million)
• Market Size and Forecast, By End User, 2021 – 2028 (US$ Million)
• Market Size and Forecast, By Country, 2021 – 2028 (US$ Million)
• Brazil
• Mexico
• Rest of Latin America
o Africa
• Market Size and Forecast, By Product Type, 2021 – 2028 (US$ Million)
• Market Size and Forecast, By Application, 2021 – 2028 (US$ Million)
• Market Size and Forecast, By Technology, 2021 – 2028 (US$ Million)
• Market Size and Forecast, By End User, 2021 – 2028 (US$ Million)
• Market Size and Forecast, By Country, 2021 – 2028 (US$ Million)
• South Africa
• Central Africa
• North Africa
o Middle East
• Market Size and Forecast, By Product Type, 2021 – 2028 (US$ Million)
• Market Size and Forecast, By Application, 2021 – 2028 (US$ Million)
• Market Size and Forecast, By Technology, 2021 – 2028 (US$ Million)
• Market Size and Forecast, By End User, 2021 – 2028 (US$ Million)
• Market Size and Forecast, By Country, 2021 – 2028 (US$ Million)
• GCC
• Israel
• Rest of Middle East
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