Guidewires Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2021 To 2029

Growing demand for minimally invasive procedures, particularly in pediatric and geriatric patient groups is anticipated to support the growth of guidewires market. Growing count of geriatric population, that possess a higher risk of chronic diseases are increasingly preferring minimally invasive surgeries for disease treatment; due to major advantages such as quick procedural time, lesser risk of infection and quicker recuperation coupled with less duration of hospital stay.

For the purpose of this report, the global guidewires market is studied for segmentation based on product types, material and geographical distribution. Coronary, peripheral, urology and neurology guidewires are the key product types studied in this report. Based on material type, the global guidewires market is categorized into stainless steel, Nitinol and hybrid guidewires. Market size and forecast for the mentioned segments for the period 2018-2029 along with respective CAGRs for the period 2021-2029 are provided in this study.

Geographically, the global guidewires market is studied for the following regional markets:

• North America
• U.S.
• Canada
• Europe
• U.K.
• Germany
• Rest of Europ
• Asia-Pacific
• Japa
• China
• Rest of Asia-Pacific
• Middle East and Africa
• Latin America

The market size and forecast for the period 2019-2029 along with the CAGRs for the period 2021-2029 for the covered regional and country level markets and further by product types are also presented in this study.

Qualitative information sets such as market dynamics (drivers, challenges, future prospects) and market inclination insights, major commercial events, average pricing analysis by product types are provided in this market assessment report. Tools such as competition assessment by key players and attractive investment proposition are also included in this study for studying the global market competition. The report concludes with company profiles section that highlights key information about the major market players operating in the global guidewires market.

This report on guidewires categorizes the products segment into:

• Coronar
• Peripheral
• Urology
• Neurovascular

Coronary guidewires constitute the largest product segment in the overall guidewires market. Swift movements in the cardiovascular market, along with rapid introduction of breakthrough products in this space is the major trend in this market. Significant growth in incidence cardiac diseases and growing demand for angioplasty procedures will correspondingly reflect on the demand for coronary guidewires. Moreover, the average pricing of coronary guidewires is competitive and is expected to remain the same through the forecast period, thus ensuring steady growth of this segment. Growing prevalence of renal diseases and availability wide range of guidewires in this space will further augment the growth of urological guidewires in the global market.

Based on the material types, the commercially available guidewires are classified into Nitinol, stainless steel and hybrid guidewires.

Nitinol is the most significant material type that is being increasingly used for manufacturing guidewires and stents. It is titanium and nickel allow and is known for shape memory and enhanced elasticity. Its shape memory property renders the guidewires with the ability to adopt shape at one temperature thus offering better navigation and reach. Enhanced elasticity nitinol guidewires occurs at very small ranges of temperature. SE510, a super-elastic nitinol alloy has low transformation temperature, thus gives sturdy feel and makes it an ideal material for guidewires with better kink resistance. Other than in guidewires, nitinol is widely used in stents, ablation devices, atrial septal occlusion systems, heart port access device and other surgical equipment.

Based on geographical segmentation, the global guidewires market is studied for:

• North America
• U.S.
• Canada
• Europe
• U.K.
• Germany
• Rest of Europe
• Asia-Pacific
• Japan
• China
• Rest of Asia-Pacific
• Latin America
• Middle East and Africa

North America is the current leader in the overall guidewires market and is anticipated to progress at a steady growth rate during the forecast period. Overall increase in peripheral vascular procedures is anticipated to support the market growth of this region. Aging population in North America and Europe, along with favorable reimbursement for guided minimally invasive procedures are the major factors contributing to high demand for guidewires in the developed markets. However, infections caused from peripheral vascular implantation procedures may prove to be a challenge for ready adoption of these devices. However, better patient education and proven treatment outcomes will mitigate the challenge. Asia Pacific is anticipated to be the fastest progressing market during the forecast period. Significant growth in geriatric population,and swift adoption of minimally invasive procedures are the key drivers of this market. Rapid economic growth, development of healthcare infrastructure and burgeoning medical tourism industry in Asia Pacific also drive the market growth of this region.


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