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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 6.1% during the forecast period of 2024-2032 to achieve a value of USD 1.77 billion by 2032.
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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.
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.
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:
Based on material, the industry can be segmented into:
On the basis of coating, the market can be broken down into:
By application, the industry can be categorised into:
On the basis of end-use, the market can be divided into:
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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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.
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:
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 |
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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:
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Breakup by Product Type |
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Breakup by Material Type |
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Breakup by Coating Type |
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Breakup by Applications |
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Breakup by End User |
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Breakup by Region |
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Market Dynamics |
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Supplier Landscape |
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Companies Covered |
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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.
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 6.1% during the forecast period of 2024-2032 to reach a value of USD 1.77 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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