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Guidewires Market

Global Guidewires Market Share, Size, Value: By Product: Coronary, Peripheral, Urology, Neurovascular, Others; By Material: Nitinol, Stainless Steel, Hybrid; By Coating: Coated, Non-Coated; By Application: Cardiology, Vascular, Neurology, Urology, Gastroenterology, Others; By End User; Regional Analysis; Supplier Landscape; 2024-2032

Global Guidewires Market Outlook

The global Guidewires market value was USD 1.05 billion in 2023, driven by the increasing rising demand for minimally invasive procedures across the globe. The market size is anticipated to grow at a CAGR of 4.4% during the forecast period of 2024-2032 to achieve a value of USD 1.55 billion by 2032.

 

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: 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.

 

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 market based on the Porter's five forces model along with giving a SWOT analysis.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2017-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Product Type
  • Material Type
  • Coating Type
  • Applications
  • End User
  • Region
Breakup by Product Type
  • Surgical Guidewire
  • Diagnostic Guidewires
Breakup by Material Type
  • Nitinol Guidewires
  • Stainless Steel Guidewires
  • Hybrid Guidewires
  • Others
Breakup by Coating Type
  • Coated
  • Non-Coated
Breakup by Applications
  • Cardiology, Vascular
  • Neurology
  • Urology
  • Gastroenterology
  • Oncology
  • Otolaryngology
  • Others
Breakup by End User
  • Hospitals
  • Diagnostic Centers
  • Surgical Centers
  • Ambulatory Care Centers
  • Research Laboratories
  • Academic Institutes
  • Others
Breakup by Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
Market Dynamics
  • Market Drivers and Constraints
  • SWOT Analysis
  • Porter’s Five Forces Model 
  • Key Demand Indicators
  • Key Price Indicators
  • Industry Events, Initiatives, and Trends 
  • Value Chain Analysis
Supplier Landscape
  • Market Structure
  • Company Profiles
    • Financial Analysis
    • Product Portfolio
    • Demographic Reach and Achievements
    • Mergers and Acquisitions
    • Certifications
Companies Covered
  • Fédération Équestre Internationale
  • Helmer Scientific Inc
  • Boekel Scientific
  • SARSTEDT AG & Co. KG
  • BioCision
  • Cardinal Health
  • GENERAL ELECTRIC COMPANY
  • Thermo Fisher Scientific, Inc.
  • Bioline India.
  • ARCOX TMC GROUP
  • LABCOLD, Abbott
  • Medtronic
  • Brainlab AG
  • Varian Medical Systems, Inc.
  • Olympus Corporation
  • KARL STORZ SE & Co. KG
  • ATMOS MedizinTechnik GmbH & Co. KG
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
    1.1    Objectives of the Study
    1.2    Key Assumptions 
    1.3    Report Coverage – Key Segmentation and Scope  
    1.4    Research Methodology
2    Executive Summary
3    Global Guidewires Market Overview 

    3.1    Global Guidewires Market Historical Value (2017-2023) 
    3.2    Global Guidewires Market Forecast Value (2024-2032)
4    Global Guidewires Market Landscape
    4.1    Global Guidewires Landscape
        4.1.1    Analysis by Year of Establishment
        4.1.2    Analysis by Company Size
        4.1.3    Analysis by Region
    4.2    Global Guidewires Product Landscape
        4.2.1    Analysis by Product Type
        4.2.2    Analysis by Applications
        4.2.3    Analysis by End User
5    Global Guidewires Market Dynamics
    5.1    Market Drivers and Constraints
    5.2    SWOT Analysis
    5.3    Porter’s Five Forces Model 
    5.4    Key Demand Indicators
    5.5    Key Price Indicators
    5.6    Industry Events, Initiatives, and Trends 
    5.7    Value Chain Analysis
6    Global Guidewires Market Segmentation
    6.1    Global Guidewires Market by Product Type
        6.1.1    Market Overview
        6.1.2    Surgical Guidewire
        6.1.3    Diagnostic Guidewires
    6.2    Global Guidewires Market by Material Type
        6.2.1    Market Overview
        6.2.2    Nitinol Guidewires
        6.2.3    Stainless Steel Guidewires
        6.2.4    Hybrid Guidewires
        6.2.5    Others
    6.3    Global Guidewires Market by Coating Type
        6.3.1    Market Overview
        6.3.2    Coated
            6.3.2.1    Hydrophilic
            6.3.2.2    Hydrophobic
        6.3.3    Non-Coated
    6.4    Global Guidewires Market by Applications
        6.4.1    Market Overview
        6.4.2    Cardiology, Vascular
        6.4.3    Neurology
        6.4.4    Urology
        6.4.5    Gastroenterology
        6.4.6    Oncology
        6.4.7    Otolaryngology
        6.4.8    Others
    6.5    Global Guidewires Market by End User
        6.5.1    Market Overview
        6.5.2    Hospitals
        6.5.3    Diagnostic Centers
        6.5.4    Surgical Centers
        6.5.5    Ambulatory Care Centers
        6.5.6    Research Laboratories
        6.5.7    Academic Institutes
        6.5.8    Others
    6.6    Global Guidewires Market by Region
        6.6.1    Market Overview
        6.6.2    North America 
        6.6.3    Europe
        6.6.4    Asia Pacific
        6.6.5    Latin America
        6.6.6    Middle East and Africa
7    North America Guidewires Market
    7.1    Market Share by Country
    7.2    United States of America
    7.3    Canada
8    Europe Guidewires Market
    8.1    Market Share by Country
    8.2    United Kingdom
    8.3    Germany
    8.4    France
    8.5    Italy
    8.6    Others
9    Asia Pacific Guidewires Market
    9.1    Market Share by Country
    9.2    China
    9.3    Japan
    9.4    India
    9.5    ASEAN
    9.6    Australia
    9.7    Others
10    Latin America Guidewires Market
    10.1    Market Share by Country
    10.2    Brazil
    10.3    Argentina
    10.4    Mexico
    10.5    Others
11    Middle East and Africa Guidewires Market
    11.1    Market Share by Country
    11.2    Saudi Arabia
    11.3    United Arab Emirates
    11.4    Nigeria
    11.5    South Africa
    11.6    Others
12    Patent Analysis
    12.1    Analysis by Type of Patent
    12.2    Analysis by Publication year
    12.3    Analysis by Issuing Authority
    12.4    Analysis by Patent Age
    12.5    Analysis by CPC Analysis
    12.6    Analysis by Patent Valuation 
    12.7    Analysis by Key Players
13    Grants Analysis
    13.1    Analysis by year
    13.2    Analysis by Amount Awarded
    13.3    Analysis by Issuing Authority
    13.4    Analysis by Grant Application
    13.5    Analysis by Funding Institute
    13.6    Analysis by NIH Departments
    13.7    Analysis by Recipient Organization 
14    Funding Analysis
    14.1    Analysis by Funding Instances
    14.2    Analysis by Type of Funding
    14.3    Analysis by Funding Amount
    14.4    Analysis by Leading Players
    14.5    Analysis by Leading Investors
    14.6    Analysis by Geography
15    Partnership and Collaborations Analysis
    15.1    Analysis by Partnership Instances
    15.2    Analysis by Type of Partnership
    15.3    Analysis by Leading Players
    15.4    Analysis by Geography
16    Regulatory Framework
    16.1    Regulatory Overview
        16.1.1    US FDA
        16.1.2    EU EMA
        16.1.3    INDIA CDSCO
        16.1.4    JAPAN PMDA
        16.1.5    Others
17    Supplier Landscape
    17.1    Fédération Équestre Internationale
        17.1.1    Financial Analysis
        17.1.2    Product Portfolio
        17.1.3    Demographic Reach and Achievements
        17.1.4    Mergers and Acquisitions
        17.1.5    Certifications
    17.2    Helmer Scientific Inc
        17.2.1    Financial Analysis
        17.2.2    Product Portfolio
        17.2.3    Demographic Reach and Achievements
        17.2.4    Mergers and Acquisitions
        17.2.5    Certifications
    17.3    Boekel Scientific
        17.3.1    Financial Analysis
        17.3.2    Product Portfolio
        17.3.3    Demographic Reach and Achievements
        17.3.4    Mergers and Acquisitions
        17.3.5    Certifications
    17.4    SARSTEDT AG & Co. KG
        17.4.1    Financial Analysis
        17.4.2    Product Portfolio
        17.4.3    Demographic Reach and Achievements
        17.4.4    Mergers and Acquisitions
        17.4.5    Certifications
    17.5    BioCision
        17.5.1    Financial Analysis
        17.5.2    Product Portfolio
        17.5.3    Demographic Reach and Achievements
        17.5.4    Mergers and Acquisitions
        17.5.5    Certifications
    17.6    Cardinal Health
        17.6.1    Financial Analysis
        17.6.2    Product Portfolio
        17.6.3    Demographic Reach and Achievements
        17.6.4    Mergers and Acquisitions
        17.6.5    Certifications
    17.7    GENERAL ELECTRIC COMPANY
        17.7.1    Financial Analysis
        17.7.2    Product Portfolio
        17.7.3    Demographic Reach and Achievements
        17.7.4    Mergers and Acquisitions
        17.7.5    Certifications
    17.8    Thermo Fisher Scientific, Inc.
        17.8.1    Financial Analysis
        17.8.2    Product Portfolio
        17.8.3    Demographic Reach and Achievements
        17.8.4    Mergers and Acquisitions
        17.8.5    Certifications
    17.9     Bioline India.
        17.9.1    Financial Analysis
        17.9.2    Product Portfolio
        17.9.3    Demographic Reach and Achievements
        17.9.4    Mergers and Acquisitions
        17.9.5    Certifications
    17.10    ARCOX TMC GROUP
        17.10.1    Financial Analysis
        17.10.2    Product Portfolio
        17.10.3    Demographic Reach and Achievements
        17.10.4    Mergers and Acquisitions
        17.10.5    Certifications
    17.11    LABCOLD, Abbott
        17.11.1    Financial Analysis
        17.11.2    Product Portfolio
        17.11.3    Demographic Reach and Achievements
        17.11.4    Mergers and Acquisitions
        17.11.5    Certifications
    17.12     Medtronic
        17.12.1    Financial Analysis
        17.12.2    Product Portfolio
        17.12.3    Demographic Reach and Achievements
        17.12.4    Mergers and Acquisitions
        17.12.5    Certifications
    17.13     Brainlab AG
        17.13.1    Financial Analysis
        17.13.2    Product Portfolio
        17.13.3    Demographic Reach and Achievements
        17.13.4    Mergers and Acquisitions
        17.13.5    Certifications
    17.14    Varian Medical Systems, Inc.
        17.14.1    Financial Analysis
        17.14.2    Product Portfolio
        17.14.3    Demographic Reach and Achievements
        17.14.4    Mergers and Acquisitions
        17.14.5    Certifications
    17.15     Olympus Corporation
        17.15.1    Financial Analysis
        17.15.2    Product Portfolio
        17.15.3    Demographic Reach and Achievements
        17.15.4    Mergers and Acquisitions
        17.15.5    Certifications
    17.16    KARL STORZ SE & Co. KG
        17.16.1    Financial Analysis
        17.16.2    Product Portfolio
        17.16.3    Demographic Reach and Achievements
        17.16.4    Mergers and Acquisitions
        17.16.5    Certifications
    17.17     ATMOS MedizinTechnik GmbH & Co. KG
        17.17.1    Financial Analysis
        17.17.2    Product Portfolio
        17.17.3    Demographic Reach and Achievements
        17.17.4    Mergers and Acquisitions
        17.17.5    Certifications
18    Global Guidewires Market - Distribution Model (Additional Insight)
    18.1    Overview 
    18.2    Potential Distributors 
    18.3    Key Parameters for Distribution Partner Assessment 
19    Key Opinion Leaders (KOL) Insights (Additional Insight)
20    Company Competitiveness Analysis (Additional Insight)

    20.1    Very Small Companies
    20.2    Small Companies
    20.3    Mid-Sized Companies
    20.4    Large Companies
    20.5    Very Large Companies
21    Payment Methods (Additional Insight)
    21.1    Government Funded
    21.2    Private Insurance
    21.3    Out-of-Pocket

 

*Additional insights provided are customisable as per client requirements.

Key Questions Answered in the Report

In 2023, the global market for Guidewires reached a value of USD 1.05 billion.

The market is anticipated to grow at a CAGR of 4.4% during the forecast period of 2024-2032 to reach a value of USD 1.55 billion by 2032.

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.

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