According to IMARC Group’s latest report, titled “Guidewires Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027, The global guidewires market is expected to exhibit a CAGR of 4.17% during 2022-2027.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Guidewires are thin and stretchable tubes used for introducing, guiding, and inserting medical devices inside the body of a patient. They are manufactured using stainless steel, nitinol, palladium, bimetal, platinum, tungsten, and polymers that exhibit excellent tensile and torque strength, resistance to fatigue, and durability. They are commonly used in angiography, interventional radiology, and cardiology procedures. They are also used to conduct vascular interventions and minimally invasive (MI) surgeries.
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Market Trends
The increasing geriatric population, who are more susceptible to developing chronic disorders, represents one of the key factors driving the market. In addition to this, the rising number of surgeries and the growing individual preference toward minimally invasive (MI) surgeries are creating a positive outlook for the market. Furthermore, the increasing utilization of nitinol materials for manufacturing guidewires with enhanced steerability, biocompatibility, and elasticity are positively influencing the market. Moreover, the development of technologically advanced guidewires with superior lesion access and better visibility is anticipated to strengthen the market growth.
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List of Key Companies Covered in this Market Report:
- Abbott Laboratories
- AngioDynamics Inc.
- ASAHI INTECC Co., Ltd.
- Braun (B. Braun Holding GmbH & Co. KG)
- Boston Scientific
- R. Bard Inc. (Becton, Dickinson and Company)
- Cardinal Health
- Cook Medical Incorporated (Cook Group)
- Johnson & Johnson
- Medtronic Plc
- Merit Medical Systems Inc.,
- Olympus Corporation
- Stryker Corporation
- Teleflex Medical Inc.
- Terumo Corporation.
The report has segmented the market on the basis of product, material, application, end user and geography.
Breakup by Product:
- Surgical Guidewires
- Hydrophilic Surgical Guidewires
- Hydrophobic Surgical Guidewires
- Diagnostic Guidewires
- Hydrophilic Diagnostic Guidewires
- Hydrophobic Diagnostic Guidewires
Breakup by Material:
- Nitinol
- Stainless Steel
- Others
Breakup by Application:
- Coronary
- Neurovascular
- Urology
- Others
Breakup by End User:
- Hospitals, Diagnostic Centers and Surgical Centers
- Ambulatory Care Centers (ACC)
- Others
Breakup by Geography:
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
- Latin America (Brazil, Mexico)
- Middle East & Africa
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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