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Guidewires Market Size, Share & Trends Analysis Report By Product (Coronary Guidewires, Peripheral Guidewires, Urology Guidewires, Neurovascular Guidewires), By Region, And Segment Forecasts, 2023 - 2030

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    Report

  • 110 Pages
  • August 2023
  • Region: Global
  • Grand View Research
  • ID: 3292592
Description Jump to:
The global guidewires market size is expected to reach USD 3.7 billion by 2030, growing at a CAGR of 5.54% from 2023 to 2030. The market is expected to grow during the forecast period due to various factors such as the increasing number of minimally invasive surgeries, increasing prevalence of chronic diseases, and the rising geriatric population. For instance, in November 2022, the ‘Administration on Aging’ report projected that the number of people aged 65 and older will rise to 95 million by 2060 in the U. S.

Cardiovascular diseases such as coronary artery disease and peripheral arterial disease, pose significant challenges to global health. Guidewires are indispensable tools used in the diagnosis and treatment of these conditions, allowing physicians to navigate through complex networks of blood vessels and precisely deliver therapies. With the increasing incidence and prevalence of cardiovascular diseases, there is a growing need for guidewires, contributing to market expansion. For instance, in January 2022, The American Heart Association (AHA) projected that there will be more than 23.6 million cases of cardiovascular disease worldwide in 2030.

Additionally, product developments, adaptations, and marketing initiatives stimulate future increases in product demand. The major players have also adopted fresh tactics for their improvement. For instance, in June 2022, Cardio Flow, Inc., received FDA clearance for FreedomFlow Peripheral Guidewire, which was created to offer exceptional support. This device offers support for diagnostic and therapeutic devices used in treating Atherosclerosis, both above and below the knee. Thus, the growing adoption of technological advancement by various organizations is anticipated to upsurge the guidewire industry from 2023 to 2030.

Guidewires Market Report Highlights

  • By product, coronary guidewires accounted for the largest market share of 43.40% in 2022, owing to the high demand for minimally invasive coronary surgery. An increasing number of hospitalizations of atherosclerosis patients and the rising prevalence of cardiovascular disease also contribute to the segment growth
  • The North American region held the largest revenue share of 35.32% in 2022 owing to various factors, such as the growing number of heart diseases and the presence of major players in the market
  • Asia Pacificguidewires industry is expected to witness the fastest CAGR of 6.45% over the forecast period. Factors that can be attributed to growth include the rising geriatric population, increasing number of surgeries, and rising expenditure on healthcare
  • The market is highly competitive with the presence of players including MEDTRONIC, BD, B. Braun Melsungen AG, Terumo Medical Corporation, Cook, Teleflex Incorporated, Stryker, Abbott, and Boston Scientific Corporation


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Table of Contents

Chapter 1 Methodology And Scope
1.1 Market Segmentation And Scope
1.1.1 Segment Definitions
1.1.1.1 Product Segment
1.2 Regional Scope
1.3 Estimates And Forecast Timeline
1.4 Objectives
1.4.1 Objective - 1
1.4.2 Objective - 2
1.4.3 Objective - 3
1.5 Research Methodology
1.6 Information Procurement
1.6.1 Purchased Database
1.6.2 Internal Database
1.6.3 Secondary Sources
1.6.4 Primary Research
1.7 Information Or Data Analysis
1.7.1 Data Analysis Models
1.8 Market Formulation & Validation
1.9 Model Details
1.9.1 Commodity Flow Analysis
1.10 List Of Secondary Sources
1.11 List Of Abbreviations
Chapter 2 Guidewires Market: Executive Summary
2.1 Market Outlook
2.2 Product Snapshot
2.3 End-use Snapshot
2.4 Competitive Landscape Snapshot
Chapter 3 Guidewires Market: Market Variables, Trends & Scope
3.1 Market Lineage Outlook
3.1.1 Parent Market Outlook
3.1.2 Related/ancillary Market Outlook
3.2 Market Dynamics
3.2.1 Market Drivers
3.2.1.1 Increased Prevalence Of Chronic Diseases
3.2.1.2 Advancements In Medical Technology
3.2.1.3 Increasing Preference For Minimally Invasive Procedures:
3.2.2 Market Restraint Analysis
3.2.2.1 Alternative Treatment Options
3.2.2.2 Stringent Regulatory Requirements
3.2.2.3 Potential Risks And Complications
3.3 Industry Analysis Tools
3.3.1 Porter’s Analysis
3.3.2 Pestel Analysis
Chapter 4 Guidewires Market: Product Business Analysis
4.1 Guidewires Market: Product Movement Analysis
4.2 Coronary Guidewires
4.2.1 Coronary Guidewires Market Estimates And Forecast, 2018 - 2030 (USD Million)
4.3 Peripheral Guidewires
4.3.1 Peripheral Guidewires Market Estimates And Forecast, 2018 - 2030 (USD Million)
4.4 Urology Guidewires
4.4.1 Urology Guidewires Market Estimates And Forecast, 2018 - 2030 (USD Million)
4.5 Neurovascular Guidewires
4.5.1 Neurovascular Guidewires Market Estimates And Forecast, 2018 - 2030 (USD Million)
Chapter 5 Guidewires Market: Regional Business Analysis
5.1 Regional Market Snapshot
5.2 North America
5.2.1 North America Guidewires Market Estimates And Forecast, 2018 - 2030 (USD Million)
5.2.2 U.S.
5.2.2.1 U.S. Guidewires Market, 2018 - 2030 (USD Million)
5.2.2.2 Key Country Dynamics
5.2.2.3 Regulatory Framework
5.2.2.4 Reimbursement Scenario
5.2.2.5 Competitive Scenario
5.2.3 Canada
5.2.3.1 Canada Guidewires Market, 2018 - 2030 (USD Million)
5.2.3.2 Key Country Dynamics
5.2.3.3 Regulatory Framework
5.2.3.4 Reimbursement Scenario
5.2.3.5 Competitive Scenario
5.3 Europe
5.3.1 Europe Guidewires Market, 2018 - 2030 (USD Million)
5.3.2 UK
5.3.2.1 UK Guidewires Market, 2018 - 2030 (USD Million)
5.3.2.2 Key Country Dynamics
5.3.2.3 Regulatory Framework
5.3.2.4 Reimbursement Scenario
5.3.2.5 Competitive Scenario
5.3.3 Germany
5.3.3.1 Germany Guidewires Market, 2018 - 2030 (USD Million)
5.3.3.2 Key Country Dynamics
5.3.3.3 Regulatory Framework
5.3.3.4 Reimbursement Scenario
5.3.3.5 Competitive Scenario
5.3.4 Spain
5.3.4.1 Spain Guidewires Market, 2018 - 2030 (USD Million)
5.3.4.2 Key Country Dynamics
5.3.4.3 Regulatory Framework
5.3.4.4 Reimbursement Scenario
5.3.4.5 Competitive Scenario
5.3.5 France
5.3.5.1 France Guidewires Market, 2018 - 2030 (USD Million)
5.3.5.2 Key Country Dynamics
5.3.5.3 Regulatory Framework
5.3.5.4 Reimbursement Scenario
5.3.5.5 Competitive Scenario
5.3.6 Italy
5.3.6.1 Italy Guidewires Market, 2018 - 2030 (USD Million)
5.3.6.2 Key Country Dynamics
5.3.6.3 Regulatory Framework
5.3.6.4 Reimbursement Scenario
5.3.6.5 Competitive Scenario
5.3.7 Denmark
5.3.7.1 Denmark Guidewires Market, 2018 - 2030 (USD Million)
5.3.7.2 Key Country Dynamics
5.3.7.3 Regulatory Framework
5.3.7.4 Reimbursement Scenario
5.3.7.5 Competitive Scenario
5.3.8 Sweden
5.3.8.1 Sweden Guidewires Market, 2018 - 2030 (USD Million)
5.3.8.2 Key Country Dynamics
5.3.8.3 Regulatory Framework
5.3.8.4 Reimbursement Scenario
5.3.8.5 Competitive Scenario
5.3.9 Norway
5.3.9.1 Norway Guidewires Market, 2018 - 2030 (USD Million)
5.3.9.2 Key Country Dynamics
5.3.9.3 Regulatory Framework
5.3.9.4 Reimbursement Scenario
5.3.9.5 Competitive Scenario
5.4 Asia Pacific
5.4.1 Asia Pacific Guidewires Market, 2018 - 2030 (USD Million)
5.4.2 Japan
5.4.2.1 Japan Guidewires Market, 2018 - 2030 (USD Million)
5.4.2.2 Key Country Dynamics
5.4.2.3 Regulatory Framework
5.4.2.4 Reimbursement Scenario
5.4.2.5 Competitive Scenario
5.4.3 China
5.4.3.1 China Guidewires Market, 2018 - 2030 (USD Million)
5.4.3.2 Key Country Dynamics
5.4.3.3 Regulatory Framework
5.4.3.4 Reimbursement Scenario
5.4.3.5 Competitive Scenario
5.4.4 India
5.4.4.1 India Guidewires Market, 2018 - 2030 (USD Million)
5.4.4.2 Key Country Dynamics
5.4.4.3 Regulatory Framework
5.4.4.4 Reimbursement Scenario
5.4.4.5 Competitive Scenario
5.4.5 South Korea
5.4.5.1 South Korea Guidewires Market, 2018 - 2030 (USD Million)
5.4.5.2 Key Country Dynamics
5.4.5.3 Regulatory Framework
5.4.5.4 Reimbursement Scenario
5.4.5.5 Competitive Scenario
5.4.6 Thailand
5.4.6.1 Thailand Guidewires Market, 2018 - 2030 (USD Million)
5.4.6.2 Key Country Dynamics
5.4.6.3 Regulatory Framework
5.4.6.4 Reimbursement Scenario
5.4.6.5 Competitive Scenario
5.4.5 Australia
5.4.5.1 Australia Guidewires Market, 2018 - 2030 (USD Million)
5.4.5.2 Key Country Dynamics
5.4.5.3 Regulatory Framework
5.4.5.4 Reimbursement Scenario
5.4.5.5 Competitive Scenario
5.5 Latin America
5.5.1 Latin America Guidewires Market, 2018 - 2030 (USD Million)
5.5.2 Brazil
5.5.2.1 Brazil Guidewires Market, 2018 - 2030 (USD Million)
5.5.2.2 Key Country Dynamics
5.5.2.3 Regulatory Framework
5.5.2.4 Reimbursement Scenario
5.5.2.5 Competitive Scenario
5.5.3 Mexico
5.5.3.1 Mexico Guidewires Market, 2018 - 2030 (USD Million)
5.5.3.2 Key Country Dynamics
5.5.3.3 Regulatory Framework
5.5.3.4 Reimbursement Scenario
5.5.3.5 Competitive Scenario
5.5.4 Argentina
5.5.4.1 Argentina Guidewires Market, 2018 - 2030 (USD Million)
5.5.4.2 Key Country Dynamics
5.5.4.3 Regulatory Framework
5.5.4.4 Reimbursement Scenario
5.5.4.5 Competitive Scenario
5.6 MEA
5.6.1 MEA Guidewires Market, 2018 - 2030 (USD Million)
5.6.2 South Africa
5.6.2.1 South Africa Guidewires Market, 2018 - 2030 (USD Million)
5.6.2.2 Key Country Dynamics
5.6.2.3 Regulatory Framework
5.6.2.4 Reimbursement Scenario
5.6.2.5 Competitive Scenario
5.6.3 Saudi Arabia
5.6.3.1 Saudi Arabia Guidewires Market, 2018 - 2030 (USD Million)
5.6.3.2 Key Country Dynamics
5.6.3.3 Regulatory Framework
5.4.3.4 Reimbursement Scenario
5.6.3.5 Competitive Scenario
5.6.4 UAE
5.6.4.1 UAE Guidewires Market, 2018 - 2030 (USD Million)
5.6.4.2 Key Country Dynamics
5.6.4.3 Regulatory Framework
5.6.4.4 Reimbursement Scenario
5.6.4.5 Competitive Scenario
5.6.5 Kuwait
5.6.5.1 Kuwait Guidewires Market, 2018 - 2030 (USD Million)
5.6.5.2 Key Country Dynamics
5.6.5.3 Regulatory Framework
5.6.5.4 Reimbursement Scenario
5.6.5.5 Competitive Scenario
Chapter 6 Guidewires Market: Competitive Landscape
6.1 Company categorization
6.2 Strategy mapping
6.2.1 New product launch
6.2.2 Partnerships
6.2.3 Acquisition
6.2.4 Collaboration
6.2.5 Funding
6.3 Company market share analysis, 2022
6.4 Company Profiles
6.4.1 Boston Scientific Corporation
6.4.1.1 Company Overview
6.4.1.2 Product Benchmarking
6.4.1.3 Strategic Initiatives
6.4.2 Medtronic
6.4.2.1 Company Overview
6.4.2.2 Financial Performance (Net Revenue/Sales/EBITDA/Gross Profit)
6.4.2.3 Product Benchmarking
6.4.2.4 Strategic Initiatives
6.4.3 Cook
6.4.3.1 Company Overview
6.4.3.2 Product Benchmarking
6.4.3.3 Strategic Initiatives
6.4.4 B. Braun
6.4.4.1 Company Overview
6.4.4.2 Product Benchmarking
6.4.4.3 Strategic Initiatives
6.4.5 Terumo Medical Corporation
6.4.5.1 Company Overview
6.4.5.2 Financial Performance (Net Revenue/Sales/EBITDA/Gross Profit)
6.4.5.3 Product Benchmarking
6.4.5.4 Strategic Initiatives
6.4.6 Abbott
6.4.6.1 Company Overview
6.4.6.2 Product Benchmarking
6.4.6.3 Strategic Initiatives
6.4.7 STRYKER
6.4.7.1 Company Overview
6.4.7.2 Product Benchmarking
6.4.7.3 Strategic Initiatives
6.4.8 Teleflex Incorporated
6.4.8.1 Company Overview
6.4.8.2 Product Benchmarking
6.4.8.3 Strategic Initiatives
6.4.9 BD
6.4.9.1 Company Overview
6.4.9.2 Product Benchmarking
6.4.9.3 Strategic Initiatives
Chapter 9 KOL Recommendations/Analyst Perspective
List of Tables
Table 1 List of secondary sources
Table 2 List of abbreviation
Table 3 North America guidewires market, by country, 2018 - 2030 (USD Million)
Table 4 North America guidewires market, by product, 2018 - 2030 (USD Million)
Table 5 U.S. guidewires market, by product, 2018 - 2030 (USD Million)
Table 6 Canada guidewires market, by product, 2018 - 2030 (USD Million)
Table 7 Europe guidewires market, by country, 2018 - 2030 (USD Million)
Table 8 Europe guidewires market, by product, 2018 - 2030 (USD Million)
Table 9 UK guidewires market, by product, 2018 - 2030 (USD Million)
Table 10 Germany guidewires market, by product, 2018 - 2030 (USD Million)
Table 11 France guidewires market, by product, 2018 - 2030 (USD Million)
Table 12 Italy guidewires market, by product, 2018 - 2030 (USD Million)
Table 13 Spain guidewires market, by product, 2018 - 2030 (USD Million)
Table 14 Denmark guidewires market, by product, 2018 - 2030 (USD Million)
Table 15 Sweden guidewires market, by product, 2018 - 2030 (USD Million)
Table 16 Norway guidewires market, by product, 2018 - 2030 (USD Million)
Table 17 Asia Pacific guidewires market, by country, 2018 - 2030 (USD Million)
Table 18 Asia Pacific guidewires market, by product, 2018 - 2030 (USD Million)
Table 19 China guidewires market, by product, 2018 - 2030 (USD Million)
Table 20 Japan guidewires market, by product, 2018 - 2030 (USD Million)
Table 21 India guidewires market, by product, 2018 - 2030 (USD Million)
Table 22 Australia guidewires market, by product, 2018 - 2030 (USD Million)
Table 23 South Korea guidewires market, by product, 2018 - 2030 (USD Million)
Table 24 Thailand guidewires market, by product, 2018 - 2030 (USD Million)
Table 25 Latin America guidewires market, by country, 2018 - 2030 (USD Million)
Table 26 Latin America guidewires market, by product, 2018 - 2030 (USD Million)
Table 27 Brazil guidewires market, by product, 2018 - 2030 (USD Million)
Table 28 Mexico guidewires market, by product, 2018 - 2030 (USD Million)
Table 29 Argentina guidewires market, by product, 2018 - 2030 (USD Million)
Table 30 Middle East & Africa guidewires market, by country, 2018 - 2030 (USD Million)
Table 31 Middle East & Africa guidewires market, by product, 2018 - 2030 (USD Million)
Table 32 South Africa guidewires market, by product, 2018 - 2030 (USD Million)
Table 33 Saudi Arabia guidewires market, by product, 2018 - 2030 (USD Million)
Table 34 UAE guidewires market, by product, 2018 - 2030 (USD Million)
Table 35 Kuwait guidewires market, by product, 2018 - 2030 (USD Million)
List of Figures
Fig. 1 Guidewires market segmentation
Fig. 2 Market research process
Fig. 3 Information procurement
Fig. 4 Primary research pattern
Fig. 5 Market research approaches
Fig. 6 Value chain-based sizing & forecasting
Fig. 7 QFD modeling for market share assessment
Fig. 8 Market formulation & validation
Fig. 9 Market snapshot
Fig. 10 Segment snapshot
Fig. 11 Segment snapshot
Fig. 12 Competitive landscape
Fig. 13 Guidewires market Value, 2022 (USD Billion)
Fig. 14 Guidewires - Industry value chain analysis
Fig. 15 Guidewires market dynamics
Fig. 16 Guidewires market: PORTER’s analysis
Fig. 17 Guidewires market: PESTEL analysis
Fig. 18 Guidewires market: By product: Key takeaways
Fig. 19 Guidewires market, by product: market share, 2022 & 2030
Fig. 20 Coronary guidewires market, 2018 - 2030 (USD Million)
Fig. 21 Peripheral guidewires market, 2018 - 2030 (USD Million)
Fig. 22 Urology guidewires market, 2018 - 2030 (USD Million)
Fig. 23 Neurovascular guidewires market, 2018 - 2030 (USD Million)
Fig. 24 Guidewires market revenue, by region, 2022 & 2030 (USD Million)
Fig. 25 Regional marketplace: Key takeaways
Fig. 26 North America: SWOT analysis
Fig. 27 North America guidewires market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 28 Key country dynamics
Fig. 29 Reimbursement procurement process
Fig. 30 U.S. guidewires market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 31 Key country dynamics
Fig. 32 Canada guidewires market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 33 Europe: SWOT analysis
Fig. 34 Europe guidewires market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 35 Key country dynamics
Fig. 36 Germany guidewires market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 37 Key country dynamics
Fig. 38 UK guidewires market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 39 Key country dynamics
Fig. 40 France guidewires market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 41 Key country dynamics
Fig. 42 Italy guidewires market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 43 Key country dynamics
Fig. 44 Spain guidewires market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 45 Key country dynamics
Fig. 46 Denmark guidewires market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 47 Key country dynamics
Fig. 48 Sweden guidewires market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 49 Key country dynamics
Fig. 50 Norway guidewires market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 51 Asia Pacific: SWOT analysis
Fig. 52 Asia Pacific guidewires market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 53 Key country dynamics
Fig. 54 Reimbursement procurement process
Fig. 55 Japan guidewires market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 56 Key country dynamics
Fig. 57 China guidewires market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 58 Key country dynamics
Fig. 59 India guidewires market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 60 Key country dynamics
Fig. 61 Australia guidewires market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 62 Key country dynamics
Fig. 63 South Korea guidewires market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 64 Key country dynamics
Fig. 65 Thailand guidewires market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 66 Latin America: SWOT analysis
Fig. 67 Latin America guidewires market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 68 Key country dynamics
Fig. 69 Brazil guidewires market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 70 Key country dynamics
Fig. 71 Mexico guidewires market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 72 Key country dynamics
Fig. 73 Argentina guidewires market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 74 Key country dynamics
Fig. 75 Columbia guidewires market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 76 MEA: SWOT analysis
Fig. 77 Middle East & Africa guidewires market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 78 Key country dynamics
Fig. 79 South Africa guidewires market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 80 Key country dynamics
Fig. 81 Saudi Arabia guidewires market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 82 Key country dynamics
Fig. 83 UAE guidewires market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 84 Key country dynamics
Fig. 85 Kuwait guidewires market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 86 Key company categorization
Fig. 87 Company market position analysis
Fig. 88 Strategic framework

Companies Mentioned

  • Boston Scientific Corporation
  • Medtronic
  • Cook
  • B. Braun
  • Terumo Medical Corporation
  • Abbott
  • STRYKER
  • Teleflex Incorporated
  • BD

Methodology

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Table Information

Report AttributeDetails
No. of Pages110
PublishedAugust 2023
Forecast Period2022 - 2030
Estimated Market Value ( USD ) in 2022 $ 2.45 Billion
Forecasted Market Value ( USD ) by 2030 $ 3.7 Billion
Compound Annual Growth Rate5.5%
Regions CoveredGlobal
No. of Companies Mentioned9

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