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Global Guidewires Market to Grow at a CAGR of 5.8% During 2021-2026, Aided by the Increasing Consumer Preference for Point of Care Testing

As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

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Global Guidewires Market: By Product: Coronary, Peripheral, Urology, Neurovascular; By Material: Nitinol, Stainless Steel, Hybrid; By Coating: Coated, Non-Coated; By Application; By End Use; Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics; Competitive Landscape; Industry Events and Developments

Global Guidewires Market Outlook

The global guidewires market is expected to grow at a CAGR of 5.8% in the forecast period of 2021-2026 to reach a value of approximately USD 1.7 billion by 2026.

 

Global Guidewires Market

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Increasing Demand for Neurovascular Guidewires to Augment the Guidewires Industry Growth

Based on product, the neurovascular segment is expected to account for a significant share in the guidewires industry. This can be attributed to the increasing number of neurovascular neuroradiology procedures being conducted globally. The treatment of neurovascular disease with guidewires has become quite popular due to the relatively lower risk associated with surgeries involving guidewires when compared to conventional procedures. Furthermore, the low cost of neurovascular guidewires makes it a popular choice of use among the doctors and surgeons.

 

North America to Provide Enhanced Growth Opportunities to the Guidewires Industry

Region-wise, North America is expected to remain the industry leader over the forecast period owing to the increasing demand for minimally invasive surgeries among Americans as well as an increase in awareness about the reimbursement policy offered by the government. Furthermore, the rise in neurovascular diseases like brain aneurysms, cerebral infarction, and stroke is expected to result in increased demand for guidewires globally.

 

Guidewires: Industry Definition and Segmentation

A guidewire is a thin and flexible wire, which is used to guide the catheter into place during CVC insertions. The objective of a guidewire is to obtain access to the blood vessels using a minimally invasive technique. Guidewires are considered to be a game-changer in the medical industry due to their low cost, minimum impact on the patient, and shorter recovery time.

 

Global Guidewires Market By End Use

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By product, the market is divided into: 

  • Coronary
  • Peripheral
  • Urology  
  • Neurovascular
  • Others

Based on material, the industry can be segmented into: 

  • Nitinol
  • Stainless Steel  
  • Hybrid

On the basis of coating, the market can be broken down into:  

  • Coated
  • Non-Coated

By application, the industry can be categorised into: 

  • Cardiology
  • Vascular  
  • Neurology  
  • Urology  
  • Gastroenterology  
  • Oncology  
  • Otolaryngology   
  • Others 

On the basis of end-use, the market can be divided into: 

  • Hospital and Clinics
  • Diagnostic Centres 
  • Research Laboratories
  • Others 

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. 

 

Global Guidewires Market By Region

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Increasing Demand for Minimally Invasive Surgeries and the Growing Prevalence of Lifestyle Disorders to Boost the Growth of the Guidewires Industry

In recent years, people have started opting for minimally invasive surgeries over traditional surgeries due to the rising safety concerns. Furthermore, minimally invasive procedures involve low cost in comparison to their traditional counterparts. This is resulting in increased demand for guidewires in the healthcare industry. Additionally, the change of lifestyle scenario has led to people living a sedentary life, which puts them at a higher risk of chronic diseases such as congenital heart disease and stroke. This, in turn, is resulting in an increased number of surgeries across the globe. This is further driving the growth of the guidewires industry.

Over the forecast period, technological development in the grinding process is expected to favour the growth of the industry.

 

Key Industry Players in the Global Guidewires Market

The report gives a detailed analysis of the following key players in the global guidewires market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Boston Scientific Corporation
  • Medtronic Plc
  • Teleflex Incorporated
  • Cardinal Health Inc.
  • Terumo Medical Corporation
  • Abbott Laboratories
  • Others

The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis.

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description
    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary
    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Guidewires Market Analysis
    8.1    Key Industry Highlights
    8.2    Global Guidewires Historical Market (2016-2020) 
    8.3    Global Guidewires Market Forecast (2021-2026)
    8.4    Global Guidewires Market by Product
        8.4.1    Coronary
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2016-2020)
            8.4.1.3    Forecast Trend (2021-2026)
        8.4.2    Peripheral
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2016-2020)
            8.4.2.3    Forecast Trend (2021-2026)
        8.4.3    Urology
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2016-2020)
            8.4.3.3    Forecast Trend (2021-2026)
        8.4.4    Neurovascular
            8.4.4.1    Market Share
            8.4.4.2    Historical Trend (2016-2020)
            8.4.4.3    Forecast Trend (2021-2026)
        8.4.5    Others
    8.5    Global Guidewires Market by Material
        8.5.1    Nitinol
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2016-2020)
            8.5.1.3    Forecast Trend (2021-2026)
        8.5.2    Stainless Steel
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2016-2020)
            8.5.2.3    Forecast Trend (2021-2026)
        8.5.3    Hybrid
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2016-2020)
            8.5.3.3    Forecast Trend (2021-2026)
    8.6    Global Guidewires Market by Coating
        8.6.1    Coated
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2016-2020)
            8.6.1.3    Forecast Trend (2021-2026)
        8.6.2    Non-Coated
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2016-2020)
            8.6.2.3    Forecast Trend (2021-2026)
    8.7    Global Guidewires Market by Application
        8.7.1    Cardiology
            8.7.1.1    Market Share
            8.7.1.2    Historical Trend (2016-2020)
            8.7.1.3    Forecast Trend (2021-2026)
        8.7.2    Vascular
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2016-2020)
            8.7.2.3    Forecast Trend (2021-2026)
        8.7.3    Neurology
            8.7.3.1    Market Share
            8.7.3.2    Historical Trend (2016-2020)
            8.7.3.3    Forecast Trend (2021-2026)
        8.7.4    Urology
            8.7.4.1    Market Share
            8.7.4.2    Historical Trend (2016-2020)
            8.7.4.3    Forecast Trend (2021-2026)
        8.7.5    Gastroenterology
            8.7.5.1    Market Share
            8.7.5.2    Historical Trend (2016-2020)
            8.7.5.3    Forecast Trend (2021-2026)
        8.7.6    Oncology
            8.7.6.1    Market Share
            8.7.6.2    Historical Trend (2016-2020)
            8.7.6.3    Forecast Trend (2021-2026)
        8.7.7    Otolaryngology
            8.7.7.1    Market Share
            8.7.7.2    Historical Trend (2016-2020)
            8.7.7.3    Forecast Trend (2021-2026)
        8.7.8    Others
    8.8    Global Guidewires Market by End Use
        8.8.1    Hospitals and Clinics
            8.8.1.1    Market Share
            8.8.1.2    Historical Trend (2016-2020)
            8.8.1.3    Forecast Trend (2021-2026)
        8.8.2    Diagnostic Centers
            8.8.2.1    Market Share
            8.8.2.2    Historical Trend (2016-2020)
            8.8.2.3    Forecast Trend (2021-2026)
        8.8.3    Research Laboratories
            8.8.3.1    Market Share
            8.8.3.2    Historical Trend (2016-2020)
            8.8.3.3    Forecast Trend (2021-2026)
        8.8.4    Others
    8.9    Global Guidewires Market by Region
        8.9.1    Market Share
            8.9.1.1    North America
            8.9.1.2    Europe
            8.9.1.3    Asia Pacific
            8.9.1.4    Latin America
            8.9.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2016-2020)
        9.1.2    Forecast Trend (2021-2026)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2016-2020)
        9.2.2    Forecast Trend (2021-2026)
        9.2.3    Breakup by Country
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2016-2020)
        9.3.2    Forecast Trend (2021-2026)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2016-2020)
        9.4.2    Forecast Trend (2021-2026)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2016-2020)
        9.5.2    Forecast Trend (2021-2026)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape
    12.1    Market Structure
    12.2    Company Profiles
        12.2.1    Boston Scientific Corporation
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Certifications
        12.2.2    Medtronic Plc
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
            12.2.2.4    Certifications
        12.2.3    Teleflex Incorporated
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Certifications
        12.2.4    Cardinal Health Inc.
            12.2.4.1    Company Overview
            12.2.4.2    Product Portfolio
            12.2.4.3    Demographic Reach and Achievements
            12.2.4.4    Certifications
        12.2.5    Terumo Medical Corporation
            12.2.5.1    Company Overview
            12.2.5.2    Product Portfolio
            12.2.5.3    Demographic Reach and Achievements
            12.2.5.4    Certifications
        12.2.6    Abbott Laboratories
            12.2.6.1    Company Overview
            12.2.6.2    Product Portfolio
            12.2.6.3    Demographic Reach and Achievements
            12.2.6.4    Certifications
        12.2.7    Others
13    Industry Events and Developments


List of Figures and Tables

1.    Global Guidewires Market: Key Industry Highlights, 2016 and 2026
2.    Global Guidewires Historical Market: Breakup by Product (USD Billion), 2016-2020
3.    Global Guidewires Market Forecast: Breakup by Product (USD Billion), 2021-2026
4.    Global Guidewires Historical Market: Breakup by Material (USD Billion), 2016-2020
5.    Global Guidewires Market Forecast: Breakup by Material (USD Billion), 2021-2026
6.    Global Guidewires Historical Market: Breakup by Coating (USD Billion), 2016-2020
7.    Global Guidewires Market Forecast: Breakup by Coating (USD Billion), 2021-2026
8.    Global Guidewires Historical Market: Breakup by Application (USD Billion), 2016-2020
9.    Global Guidewires Market Forecast: Breakup by Application (USD Billion), 2021-2026
10.    Global Guidewires Historical Market: Breakup by End Use (USD Billion), 2016-2020
11.    Global Guidewires Market Forecast: Breakup by End Use (USD Billion), 2021-2026
12.    Global Guidewires Historical Market: Breakup by Region (USD Billion), 2016-2020
13.    Global Guidewires Market Forecast: Breakup by Region (USD Billion), 2021-2026
14.    North America Guidewires Historical Market: Breakup by Country (USD Billion), 2016-2020
15.    North America Guidewires Market Forecast: Breakup by Country (USD Billion), 2021-2026
16.    Europe Guidewires Historical Market: Breakup by Country (USD Billion), 2016-2020
17.    Europe Guidewires Market Forecast: Breakup by Country (USD Billion), 2021-2026
18.    Asia Pacific Guidewires Historical Market: Breakup by Country (USD Billion), 2016-2020
19.    Asia Pacific Guidewires Market Forecast: Breakup by Country (USD Billion), 2021-2026
20.    Latin America Guidewires Historical Market: Breakup by Country (USD Billion), 2016-2020
21.    Latin America Guidewires Market Forecast: Breakup by Country (USD Billion), 2021-2026
22.    Middle East and Africa Guidewires Historical Market: Breakup by Country (USD Billion), 2016-2020
23.    Middle East and Africa Guidewires Market Forecast: Breakup by Country (USD Billion), 2021-2026
24.    Global Guidewires Market Structure

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