October 22, 2021
Guidewires

Guidewires Market Size, Growth Insight, Trends and Forecasts to 2027

The global guidewires market value is expected to reach US$ 1,512.2 million by the end of 2027, decelerating at a CAGR of 5% from 2020 to 2027. The report contains 150+ pages with detailed analysis. Growing incidences of target diseases across the globe is a major factor driving the growth of the global guidewires market.

The study provides the overall revenue of the global guidewires market from 2016 to 2027, considering 2020 as the base year and 2027 as the forecast year.

The global guidewires market research report gives a brief summary of definitions, size analysis, and place of production, sales, applications, types, and major players/key vendors of the guidewires industry. The report presents fresh perspectives on opportunities and challenges in a significantly transformed post-COVID-19 marketplace. This research study also integrates Industry Chain analysis and Porter’s Five Forces Analysis. Further, this report offers a competitive scenario that comprises collaborations, market concentration rate and expansions, mergers & acquisitions undertaken by companies.

Growth Factors:

Growing incidences of target diseases across the globe is major factor driving growth of the global guidewires market. In addition to this, key players operating in the global industry are focusing on the launches of the advanced products which is propelling the target industry market in the near future. Furthermore, favorable medicinal reimbursements for the guidewire are another factor to boost growth of the global industry in the near future. Furthermore, growing demand for the guidewire, owing to increasing minimally invasive surgical procedures worldwide. Moreover, increasing applications of the guidewire for various end uses purposes is another factor expected to have positive impact on the growth of the target industry in the near future.

Continue increase in the old aging population is in turn creating huge demand for the guidewires and propelling industry growth. Some factors such as declining rate of fertility, growth in the longevity and worldwide migrations are anticipated to augment growth of the global industry over the next 10 years. Ongoing technological advancements by the major manufacturers across the globe are creating potential opportunities for the target industry growth. However, high costs associated with the guidewires are major factor hampering on the market growth. Also, risks associated with the guidewires may hamper growth of the target market in the near future.

Report Coverage:

Report Highlights Details
Market Size US$ 1,512.2 Million by 2030
Growth Rate CAGR of 5% From 2021 to 2030
Base Year 2020
Historic Data 2017 to 2020
Forecast Period 2021 to 2030
Segments Covered Product, Coating, Raw Materials
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA)
Companies Mentioned Olympus Corporation, Braun Melsungen AG, Abbott, Asahi Intecc, Co Ltd, Medtronic, Boston Scientific Corporation, Terumo Corporation, Stryker Corporation, Cook Group, AngioDynamicis Inc, Cardinal Health

Report Highlights:

  • Among the product, coronary segment accounted for the largest revenue with significant share in 2020. This is growth is due growth in the prevalence of cardiovascular diseases across the globe. Neurovascular segment is expected to grow at a noteworthy CAGR during the forecast time-frame.
  • Among the coating segment, coating accounted for the largest revenue with significant share in 2020. This is growth is attributed to the rising preference for the hydrophilic coated guidewires in vascular procedures across the globe.
  • On the basis of raw materials, stainless steel segment accounted for the largest revenue with significant share in 2020. This is growth is due to the excellent corrosion resistance property offered by stainless steel across the globe. Nitinol are expected to grow at a significant CAGR during the forecast time-frame.
  • Abbott, accounted for a significant share of the global guidewires market. The growth is attributed to various business strategies adopted by the company.

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Regional Analysis:

The report covers data for North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. In 2020, North America dominated the global market with a market share of more than 30%. United States represented the highest share in the North America region primarily due to growing preference for the minimally invasive surgical procedures in the country. Further availability of reimbursements for the guidewires is another factor expected to fuel growth of the region in the near future. Further Europe is an important market in the guidewires. The growth of the guidewires industry in the countries of the Asia Pacific is attributed to growing adoption of the guidewires due to increasing minimally invasive surgical procedures in the countries including China, India, Japan, among others. Asia Pacific anticipated growing at the maximum CAGR in the forecast period due increasing launch of advanced products in the countries of the region. Also, developed economies across the globe are adopting guidewires owing to favorable medical reimbursements by the regulatory bodies in the region. Latin America and the African and Middle Eastern region will show perceptible growth over the forecast period owing to growing applications of guidewires in the countries including Brazil, Mexico, GCC of the regions.

Key Market Players and Strategies:

The major companies functioning in the worldwide guidewires are Olympus Corporation, B. Braun Melsungen AG, Abbott, Asahi Intecc, Co Ltd, Medtronic, Boston Scientific Corporation, Terumo Corporation, Stryker Corporation, Cook Group, AngioDynamicis Inc, and Cardinal Health among others. Investment in the research and development of the guidewires along with strategic collaborations are the crucial business strategies undertaken by the major players operating in the global guidewires market.

Market Segmentation

By Product

  • Coronary
  • Peripheral
  • Urology
  • Neurovascular

By Coating

  • Coated
    • Hydrophilic
    • Hydrophobic
  • Non coated

By Raw Materials

  • Nitinol
  • Stainless Steel
  • Others

Regional Segmentation

  • North America (U.S. and Canada)
  • Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
  • Asia-Pacific (China, Japan, India, Southeast Asia and Rest of APAC)
  • Latin America (Brazil and Rest of Latin America)
  • Middle East and Africa (GCC, North Africa, South Africa, Rest of MEA)

Some of the key highlights covered in the report include:

Market Demand-Supply Analysis – The report covers detailed insights into demand and supply forces prevailing in the global guidewires market. It examines trends and factors influencing demand for guidewires globally and gauges the impact of the same on the production.

Pricing Analysis – The report presents an exclusive pricing analysis. It compares pricing strategies adopted by the leading market players and identifies the most remunerative strategies.

Market Segmentation – The report segments the global market in terms of diverse criteria. It identifies the leading segment within each category and identifies growth drivers and restraints affecting growth across each segment.

Regional Analysis – The report segments the market in terms of North America, Europe, Latin America, Asia Pacific, and Rest of the World in terms of region. It has chapters exclusively dedicated to analyzing growth trends across each region. It identifies growth drivers as well challenges affecting demand for guidewires across the world.

Competitive Analysis – Some of the leading market players are profiled in the report on guidewires. The report offers an estimation of share individually help by the market players and determines the impact of some of their popular strategies.

COVID-19 Impact Analysis – This chapter is exclusively dedicated to gauging how the market has evolved or will develop in the post-pandemic era.

Growth Recommendations – In the end, the report presents valuable recommendations to ready businesses for unforeseen challenges in the near future.

Why should you invest in this report?

If you are aiming to enter the global guidewires market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for guidewires are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2020-2027 so that you can plan your strategies to enter this market accordingly.

Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective
1.2. Scope of the Study
1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach
2.2. DataSources
2.3. Assumptions& Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Guidewires Market Variables and Scope

4.1. Introduction
4.2. Market Classification and Scope

Chapter 5. COVID 19 Impact on Guidewires Market

5.1. Covid-19: Guidewires Industry Impact
5.2. Guidewires Business Impact Assessment: Covid-19
5.2.1. Services Challenges/Disruption
5.2.2. Market Trends and Guidewires Opportunities in the COVID-19 Landscape for Major Markets
5.3. Strategic Measures against Covid-19
5.3.1. Government Support and Initiative to Combat Covid-19
5.3.2. Proposal for Guidewires Market Players to deal with Covid-19 Pandemic Scenario

Chapter 6. Guidewires Market Dynamics Analysis and Trends

6.1. Market Dynamics
6.1.1. Market Drivers
6.1.1.1. Product launches by key manufacturers
6.1.1.2. Increasing applications of guidewires
6.1.2. Market Restraints
6.1.2.1. High cost of surgical guidewires
6.1.3. Market Opportunities
6.1.3.1. Emerging applications

Chapter 7. Global Guidewires Market: Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis
7.1.1.1. Guidewires Market Revenue by Market Players (2017 – 2020)
7.1.1.2. Guidewires Market Revenue Market Share by Market Players (2017 – 2020)
7.1.2. Key Organic/Inorganic Strategies Adopted by Players
7.1.2.1. Product Portfolio Expansion, Geographic Expansion, Product Innovation
7.1.2.2. Merger and Acquisition, Collaboration and Partnerships
7.1.3. Market Players Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of End-users

Chapter 8. Global Guidewires Market, By Product

8.1. GuidewiresMarket, by Product, 2017-2030
8.1.1. Coronary
8.1.1.1. Market Revenue and Forecast (2017-2030)
8.1.2. Peripheral
8.1.2.1. Market Revenue and Forecast (2017-2030)
8.1.3. Urology
8.1.3.1. Market Revenue and Forecast (2017-2030)
8.1.4. Neurovascular
8.1.4.1. Market Revenue and Forecast (2017-2030)

Chapter 9. Global Guidewires Market, By Coating

9.1. Guidewires Market, by Coating, 2017-2030
9.1.1. Coated
9.1.1.1. Market Revenue and Forecast (2017-2030)
9.1.1.1.1. Hydrophilic
9.1.1.1.2. Hydrophobic
9.1.2. Non Coated
9.1.2.1. Market Revenue and Forecast (2017-2030)

Chapter 10. Global Guidewires Market, By Raw Material

10.1. Guidewires Market, by Raw Material, 2017-2030
10.1.1. Nitinol
10.1.1.1. Market Revenue and Forecast (2017-2030)
10.1.2. Stainless Steel
10.1.2.1. Market Revenue and Forecast (2017-2030)
10.1.3. Others
10.1.3.1. Market Revenue and Forecast (2017-2030)

Chapter 11. Global Guidewires Market, Regional Estimates and Trend Forecast

11.1. North America
11.1.1. Market Revenue Forecast by Product(2017-2030)
11.1.2. Market Revenue Forecast by Coating (2017-2030)
11.1.3. Market Revenue Forecast by Raw Material (2017-2030)
11.1.4. U.S
11.1.4.1. Market Revenue Forecast (2017-2030)
11.1.5. Canada
11.1.5.1. Market Revenue Forecast (2017-2030)
11.2. Europe
11.2.1. Market Revenue Forecast by Product (2017-2030)
11.2.2. Market Revenue Forecast by Coating (2017-2030)
11.2.3. Market Revenue Forecast by Raw Material (2017-2030)
11.2.4. UK
11.2.4.1. Market Revenue Forecast (2017-2030)
11.2.5. Germany
11.2.5.1. Market Revenue Forecast (2017-2030)
11.2.6. France
11.2.6.1. Market Revenue Forecast (2017-2030)
11.2.7. Rest of EU
11.2.7.1. Market Revenue Forecast (2017-2030)
11.3. Asia Pacific (APAC)
11.3.1. Market Revenue Forecast by Product (2017-2030)
11.3.2. Market Revenue Forecast by Coating (2017-2030)
11.3.3. Market Revenue Forecast by Raw Material (2017-2030)
11.3.4. China
11.3.4.1. Market Revenue Forecast (2017-2030)
11.3.5. India
11.3.5.1. Market Revenue Forecast (2017-2030)
11.3.6. Japan
11.3.6.1. Market Revenue Forecast (2017-2030)
11.3.7. Rest of APAC
11.3.7.1. Market Revenue Forecast (2017-2030)
11.4. LATAM
11.4.1. Market Revenue Forecast by Product (2017-2030)
11.4.2. Market Revenue Forecast by Coating (2017-2030)
11.4.3. Market Revenue Forecast by Raw Material (2017-2030)
11.4.4. Brazil
11.4.4.1. Market Revenue Forecast (2017-2030)
11.4.5. Rest of LATAM
11.4.5.1. Market Revenue Forecast (2017-2030)
11.5. Middle East and Africa (MEA)
11.5.1. Market Revenue Forecast by Product (2017-2030)
11.5.2. Market Revenue Forecast by Coating (2017-2030)
11.5.3. Market Revenue Forecast by Raw Material (2017-2030)
11.5.4. GCC
11.5.4.1. Market Revenue Forecast (2017-2030)
11.5.5. North Africa
11.5.5.1. Market Revenue Forecast (2017-2030)
11.5.6. South Africa
11.5.6.1. Market Revenue Forecast (2017-2030)
11.5.7. Rest of MEA
11.5.7.1. Market Revenue Forecast (2017-2030)

Chapter 12. Company Profiles

12.1. Abbott
12.1.1. Company Overview, Business Information, Regional Presence
12.1.2. Product Portfolio Analysis
12.1.2.1. Product Details, Specification, Application
12.1.3. Revenue, Price, and Gross Margin (2017-2020)
12.1.4. Recent Developments and Strategies
12.2. AngioDynamicis Inc
12.2.1. Company Overview, Business Information, Regional Presence
12.2.2. Product Portfolio Analysis
12.2.2.1. Product Details, Specification, Application
12.2.3. Revenue, Price, and Gross Margin (2017-2020)
12.2.4. Recent Developments and Strategies
12.3. Asahi Intecc, Co Ltd
12.3.1. Company Overview, Business Information, Regional Presence
12.3.2. Product Portfolio Analysis
12.3.2.1. Product Details, Specification, Application
12.3.3. Revenue, Price, and Gross Margin (2017-2020)
12.3.4. Recent Developments and Strategies
12.4. B. Braun Melsungen AG
12.4.1. Company Overview, Business Information, Regional Presence
12.4.2. Product Portfolio Analysis
12.4.2.1. Product Details, Specification, Application
12.4.3. Revenue, Price, and Gross Margin (2017-2020)
12.4.4. Recent Developments and Strategies
12.5. Boston Scientific Corporation
12.5.1. Company Overview, Business Information, Regional Presence
12.5.2. Product Portfolio Analysis
12.5.2.1. Product Details, Specification, Application
12.5.3. Revenue, Price, and Gross Margin (2017-2020)
12.5.4. Recent Developments and Strategies
12.6. Cook Group
12.6.1. Company Overview, Business Information, Regional Presence
12.6.2. Product Portfolio Analysis
12.6.2.1. Product Details, Specification, Application
12.6.3. Revenue, Price, and Gross Margin (2017-2020)
12.6.4. Recent Developments and Strategies
12.7. Cardinal Health
12.7.1. Company Overview, Business Information, Regional Presence
12.7.2. Product Portfolio Analysis
12.7.2.1. Product Details, Specification, Application
12.7.3. Revenue, Price, and Gross Margin (2017-2020)
12.7.4. Recent Developments and Strategies
12.8. Medtronic
12.8.1. Company Overview, Business Information, Regional Presence
12.8.2. Product Portfolio Analysis
12.8.2.1. Product Details, Specification, Application
12.8.3. Revenue, Price, and Gross Margin (2017-2020)
12.8.4. Recent Developments and Strategies
12.9. Olympus Corporation
12.9.1. Company Overview, Business Information, Regional Presence
12.9.2. Product Portfolio Analysis
12.9.2.1. Product Details, Specification, Application
12.9.3. Revenue, Price, and Gross Margin (2017-2020)
12.9.4. Recent Developments and Strategies
12.10. Stryker Corporation
12.10.1. Company Overview, Business Information, Regional Presence
12.10.2. Product Portfolio Analysis
12.10.2.1. Product Details, Specification, Application
12.10.3. Revenue, Price, and Gross Margin (2017-2020)
12.10.4. Recent Developments and Strategies
12.11. Terumo Corporation
12.11.1. Company Overview, Business Information, Regional Presence
12.11.2. Product Portfolio Analysis
12.11.2.1. Product Details, Specification, Application
12.11.3. Revenue, Price, and Gross Margin (2017-2020)
12.11.4. Recent Developments and Strategies

Chapter 13. Appendix

13.1. About Us
13.2. Glossary of Terms

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Precedence Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Precedence Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings.

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