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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 (2018-2028); 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 2023-2028 to reach a value of approximately USD 1.7 billion by 2026.
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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: Market 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.
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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.
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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 market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Product, Material, Coating, Application, End Use, Region |
| Breakup by Product | Coronary, Peripheral, Urology, Neurovascular, Others |
| Breakup by Material | Nitinol, Stainless Steel, Hybrid |
| Breakup by Coating | Coated, Non-Coated |
| Breakup by Application | Cardiology, Vascular, Neurology, Urology, Gastroenterology, Oncology, Otolaryngology, Others |
| Breakup by End Use | Hospitals and Clinics, Diagnostic Centers, Research Laboratories, Others |
| Breakup by Region | North America, Latin America, Europe, Middle East and Africa, Asia Pacific |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Boston Scientific Corporation, Medtronic Plc, Teleflex Incorporated, Cardinal Health Inc., Terumo Medical Corporation, Abbott Laboratories, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR 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 Opportunities and Challenges in the Market
8 Global Guidewires Market Analysis
8.1 Key Industry Highlights
8.2 Global Guidewires Historical Market (2018-2022)
8.3 Global Guidewires Market Forecast (2023-2028)
8.4 Global Guidewires Market by Product
8.4.1 Coronary
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Peripheral
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Urology
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.4.4 Neurovascular
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2018-2022)
8.4.4.3 Forecast Trend (2023-2028)
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 (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Stainless Steel
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Hybrid
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.6 Global Guidewires Market by Coating
8.6.1 Coated
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Non-Coated
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.7 Global Guidewires Market by Application
8.7.1 Cardiology
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2022)
8.7.1.3 Forecast Trend (2023-2028)
8.7.2 Vascular
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2022)
8.7.2.3 Forecast Trend (2023-2028)
8.7.3 Neurology
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2018-2022)
8.7.3.3 Forecast Trend (2023-2028)
8.7.4 Urology
8.7.4.1 Market Share
8.7.4.2 Historical Trend (2018-2022)
8.7.4.3 Forecast Trend (2023-2028)
8.7.5 Gastroenterology
8.7.5.1 Market Share
8.7.5.2 Historical Trend (2018-2022)
8.7.5.3 Forecast Trend (2023-2028)
8.7.6 Oncology
8.7.6.1 Market Share
8.7.6.2 Historical Trend (2018-2022)
8.7.6.3 Forecast Trend (2023-2028)
8.7.7 Otolaryngology
8.7.7.1 Market Share
8.7.7.2 Historical Trend (2018-2022)
8.7.7.3 Forecast Trend (2023-2028)
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 (2018-2022)
8.8.1.3 Forecast Trend (2023-2028)
8.8.2 Diagnostic Centers
8.8.2.1 Market Share
8.8.2.2 Historical Trend (2018-2022)
8.8.2.3 Forecast Trend (2023-2028)
8.8.3 Research Laboratories
8.8.3.1 Market Share
8.8.3.2 Historical Trend (2018-2022)
8.8.3.3 Forecast Trend (2023-2028)
8.8.4 Others
8.9 Global Guidewires Market by Region
8.9.1 North America
8.9.1.1 Market Share
8.9.1.2 Historical Trend (2018-2022)
8.9.1.3 Forecast Trend (2023-2028)
8.9.2 Europe
8.9.2.1 Market Share
8.9.2.2 Historical Trend (2018-2022)
8.9.2.3 Forecast Trend (2023-2028)
8.9.3 Asia Pacific
8.9.3.1 Market Share
8.9.3.2 Historical Trend (2018-2022)
8.9.3.3 Forecast Trend (2023-2028)
8.9.4 Latin America
8.9.4.1 Market Share
8.9.4.2 Historical Trend (2018-2022)
8.9.4.3 Forecast Trend (2023-2028)
8.9.5 Middle East and Africa
8.9.5.1 Market Share
8.9.5.2 Historical Trend (2018-2022)
8.9.5.3 Forecast Trend (2023-2028)
9 North America Guidewires Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe Guidewires Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Guidewires Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Guidewires Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Guidewires Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Boston Scientific Corporation
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Medtronic Plc
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Teleflex Incorporated
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Cardinal Health Inc.
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Terumo Medical Corporation
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Abbott Laboratories
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Guidewires Market: Key Industry Highlights, 2018 and 2028
2. Global Guidewires Historical Market: Breakup by Product (USD Billion), 2018-2022
3. Global Guidewires Market Forecast: Breakup by Product (USD Billion), 2023-2028
4. Global Guidewires Historical Market: Breakup by Material (USD Billion), 2018-2022
5. Global Guidewires Market Forecast: Breakup by Material (USD Billion), 2023-2028
6. Global Guidewires Historical Market: Breakup by Coating (USD Billion), 2018-2022
7. Global Guidewires Market Forecast: Breakup by Coating (USD Billion), 2023-2028
8. Global Guidewires Historical Market: Breakup by Application (USD Billion), 2018-2022
9. Global Guidewires Market Forecast: Breakup by Application (USD Billion), 2023-2028
10. Global Guidewires Historical Market: Breakup by End Use (USD Billion), 2018-2022
11. Global Guidewires Market Forecast: Breakup by End Use (USD Billion), 2023-2028
12. Global Guidewires Historical Market: Breakup by Region (USD Billion), 2018-2022
13. Global Guidewires Market Forecast: Breakup by Region (USD Billion), 2023-2028
14. North America Guidewires Historical Market: Breakup by Country (USD Billion), 2018-2022
15. North America Guidewires Market Forecast: Breakup by Country (USD Billion), 2023-2028
16. Europe Guidewires Historical Market: Breakup by Country (USD Billion), 2018-2022
17. Europe Guidewires Market Forecast: Breakup by Country (USD Billion), 2023-2028
18. Asia Pacific Guidewires Historical Market: Breakup by Country (USD Billion), 2018-2022
19. Asia Pacific Guidewires Market Forecast: Breakup by Country (USD Billion), 2023-2028
20. Latin America Guidewires Historical Market: Breakup by Country (USD Billion), 2018-2022
21. Latin America Guidewires Market Forecast: Breakup by Country (USD Billion), 2023-2028
22. Middle East and Africa Guidewires Historical Market: Breakup by Country (USD Billion), 2018-2022
23. Middle East and Africa Guidewires Market Forecast: Breakup by Country (USD Billion), 2023-2028
24. Global Guidewires Market Structure
Key Questions Answered in the Report
The global guidewires market is projected to grow at a CAGR of 5.8% between 2021 and 2026.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach USD 1.7 billion by 2026.
The major drivers of the market include rising urbanisation, industrialisation, and the increasing demand for minimally invasive surgeries and rise in neurovascular diseases.
Rising safety concerns and technological development are the key industry trends propelling the growth of the market.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific, with the North America accounting for the largest share.
The product types include coronary, peripheral, urology, and neurovascular, among others.
The material segments are nitinol, stainless steel, and hybrid.
The coating types include coated and non-coated.
The diverse applications for market are cardiology, vascular, neurology, urology, gastroenterology, oncology, and otolaryngology, among others.
The end users for market consist of hospital and clinics, diagnostic centres, and research laboratories, among others.
The major players in the industry are Boston Scientific Corporation, Medtronic Plc, Teleflex Incorporated, Cardinal Health Inc., Terumo Medical Corporation, and Abbott Laboratories, among others.
Analyst Review
The global guidewires market is projected to reach USD 1.7 billion by 2026, driven by the rising neurovascular diseases. Aided by the growing technological advancements, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 5.8%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its product types, the guidewires industry can be segmented into coronary, peripheral, urology, and neurovascular, among others. The classification based on material are nitinol, stainless steel, and hybrid. The coating types include coated and non-coated. On the basis of applications, the industry is divided into cardiology, vascular, neurology, urology, gastroenterology, oncology, and otolaryngology, among others. The end users for market consist of hospital and clinics, diagnostic centres, and research laboratories, among others. The major regional markets for guidewires are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, with the North America accounting for the largest part. The key players in the above market include Boston Scientific Corporation, Medtronic Plc, Teleflex Incorporated, Cardinal Health Inc., Terumo Medical Corporation, and Abbott Laboratories, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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