The guidewires market size has grown strongly in recent years. It will grow from $2.48 billion in 2024 to $2.62 billion in 2025 at a compound annual growth rate (CAGR) of 5.3%. The growth in the historic period can be attributed to demand in developed healthcare markets, adoption of endoscopic procedures, evolving materials and coatings, increased focus on patient safety, and development of specialty guidewires. 
The guidewires market size is expected to see strong growth in the next few years. It will grow to $3.38 billion in 2029 at a compound annual growth rate (CAGR) of 6.6%. The growth in the forecast period can be attributed to customization and specialty devices, focus on patient safety and efficacy, demand in emerging economies, rising prevalence of chronic diseases, and growth in minimally invasive surgeries. Major trends in the forecast period include miniaturization of medical devices, increased demand for interventional procedures, expanding applications in cardiology, and a focus on enhanced durability.
The increasing incidence of chronic diseases is anticipated to drive the growth of the guidewires market in the future. Chronic diseases are defined as conditions that persist for over a year and necessitate ongoing medical treatment. Guidewires play a crucial role in treating chronic heart disease by facilitating access to the heart through blood vessels. As the prevalence of chronic diseases rises and technology continues to advance, the guidewires market is expected to experience sustained growth. For instance, in June 2024, a report from the Australian Institute of Health and Welfare (AIHW), a government agency in Australia, revealed that in 2023, chronic obstructive pulmonary disease (COPD) represented 3.6% of the total disease burden, accounting for half of the respiratory condition burden. Additionally, 87% of COPD patients in 2022 were reported to have one or more comorbidities, with mental and behavioral conditions (49%), arthritis (45%), and asthma and back issues (42% each) being the most common. Thus, the rising prevalence of chronic diseases is set to propel the guidewires market forward.
The increasing aging population is projected to significantly drive the growth of the guidewires market in the coming years. An aging population refers to a demographic trend where a larger proportion of individuals within a society are elderly. Guidewires are essential medical devices that assist in navigating vascular structures during minimally invasive procedures, which are particularly beneficial for older patients who often have more complex health conditions. For example, in February 2024, Eurostat, a Luxembourg-based statistical office, reported that as of January 2023, the estimated population of the European Union reached 448.8 million, with over 21.3% of individuals aged 65 years and older. This demographic shift indicates a growing demand for medical interventions that utilize guidewires, as elderly patients frequently require procedures such as angioplasty or catheterization. Thus, the rising aging population is expected to be a key driver of growth in the guidewires market.
Leading companies in the guidewires market are making significant technological advancements in guidewire design, including the development of super stiff guidewires. These innovations aim to improve navigability and support during minimally invasive procedures, enhance patient outcomes, and enable safer, more effective catheter placements in complex vascular anatomies. Super stiff guidewires are sophisticated medical devices that provide greater stiffness and stability, facilitating precise catheter navigation during complex vascular interventions. For example, in June 2024, Medtronic plc, a medical technology firm based in Ireland, introduced the Steerant aortic guidewire, which is specifically designed for catheter placements in aortic procedures such as endovascular aneurysm repair (EVAR) and thoracic EVAR (TEVAR). This guidewire features a 15-cm soft, atraumatic tip that transitions into a stiff body, safeguarding the delicate aortic anatomy. It comes in lengths optimized for EVAR (200 cm and 260 cm curved) and TEVAR (260 cm double curved), with a diameter of 0.035 inches and a construction of polytetrafluoroethylene-coated stainless steel. Furthermore, the guidewire includes a flexible tip section and an 8-cm radiopaque spring to enhance visibility, thus improving navigation and stent graft delivery while prioritizing patient safety.
Major companies in the guidewires market are focusing on the development of revolutionary coronary interventions featuring unique components such as micro-cut nitinol sleeves. Boston Scientific launched the Kinetix Guidewire, which incorporates a micro-cut nitinol sleeve for enhanced torque control during percutaneous coronary intervention procedures. This represents a significant advancement in coronary guidewire technology, offering improved deliverability, support for device delivery, and a strong safety profile.
In February 2022, Boston Scientific Corporation acquired Baylis Medical Company Inc. for approximately $1.75 billion. This acquisition aims to strengthen Boston Scientific Corporation's position in the cardiology market by incorporating Baylis's products and platforms, including guidewires, sheaths, and dilators.
Major companies operating in the guidewires market include Boston Scientific Corporation, Medtronic plc, Terumo Corporation, Cook Group Incorporated, Abbott Laboratories, Cardinal Health Inc., Stryker Corporation, Olympus Corporation, Johnson & Johnson, B. Braun Melsungen AG, Teleflex Incorporated, AngioDynamics Inc., C.R. Bard Inc., Merit Medical Systems Inc., Becton Dickinson and Company, Cordis Corporation, Asahi Intecc Co. Ltd., Advanced Cardiovascular Systems Inc., Biosensors International Group Ltd., BTG plc, Coherex Medical Inc., Conmed Corporation, CryoCath Technologies Inc., Edwards Lifesciences Corporation, MicroPort Medical Systems Inc., Penumbra Inc., Spectranetics Corporation, VasoNova Inc.
North America was the largest region in the guidewires market in 2024. Asia-pacific is expected to be the fastest-growing region in the global guidewires market report during the forecast period. The regions covered in the guidewires market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the guidewires market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Guidewires are thin wires utilized to guide the placement of a catheter during minimally invasive medical procedures, helping navigate vascular systems to access specific parts of the body.
The main types of guidewires are interventional guidewires and diagnostic guidewires. Interventional guidewires are a diverse range of wires designed with unique properties suitable for specific medical procedures. They are employed to access a person's vascular system and reach the desired position during minimally invasive interventions. Guidewires are made from materials such as nitinol, stainless steel, hybrid compositions, available in both coated and non-coated forms. They find applications in various medical fields, including coronary procedures, peripheral interventions, urology, radiology, neurovascular procedures, gastroenterology, among others. These guidewire products are utilized by hospitals, ambulatory surgical centers, research laboratories, and other medical facilities.
The guidewires market research report is one of a series of new reports that provides guidewires market statistics, including guidewires industry global market size, regional shares, competitors with an guidewires market share, detailed guidewires market segments, market trends and opportunities, and any further data you may need to thrive in the guidewires industry. This guidewires market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The guidewires market consists of sales of solid core wire, mandrel wire, and ribbon wire. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The guidewires market size is expected to see strong growth in the next few years. It will grow to $3.38 billion in 2029 at a compound annual growth rate (CAGR) of 6.6%. The growth in the forecast period can be attributed to customization and specialty devices, focus on patient safety and efficacy, demand in emerging economies, rising prevalence of chronic diseases, and growth in minimally invasive surgeries. Major trends in the forecast period include miniaturization of medical devices, increased demand for interventional procedures, expanding applications in cardiology, and a focus on enhanced durability.
The increasing incidence of chronic diseases is anticipated to drive the growth of the guidewires market in the future. Chronic diseases are defined as conditions that persist for over a year and necessitate ongoing medical treatment. Guidewires play a crucial role in treating chronic heart disease by facilitating access to the heart through blood vessels. As the prevalence of chronic diseases rises and technology continues to advance, the guidewires market is expected to experience sustained growth. For instance, in June 2024, a report from the Australian Institute of Health and Welfare (AIHW), a government agency in Australia, revealed that in 2023, chronic obstructive pulmonary disease (COPD) represented 3.6% of the total disease burden, accounting for half of the respiratory condition burden. Additionally, 87% of COPD patients in 2022 were reported to have one or more comorbidities, with mental and behavioral conditions (49%), arthritis (45%), and asthma and back issues (42% each) being the most common. Thus, the rising prevalence of chronic diseases is set to propel the guidewires market forward.
The increasing aging population is projected to significantly drive the growth of the guidewires market in the coming years. An aging population refers to a demographic trend where a larger proportion of individuals within a society are elderly. Guidewires are essential medical devices that assist in navigating vascular structures during minimally invasive procedures, which are particularly beneficial for older patients who often have more complex health conditions. For example, in February 2024, Eurostat, a Luxembourg-based statistical office, reported that as of January 2023, the estimated population of the European Union reached 448.8 million, with over 21.3% of individuals aged 65 years and older. This demographic shift indicates a growing demand for medical interventions that utilize guidewires, as elderly patients frequently require procedures such as angioplasty or catheterization. Thus, the rising aging population is expected to be a key driver of growth in the guidewires market.
Leading companies in the guidewires market are making significant technological advancements in guidewire design, including the development of super stiff guidewires. These innovations aim to improve navigability and support during minimally invasive procedures, enhance patient outcomes, and enable safer, more effective catheter placements in complex vascular anatomies. Super stiff guidewires are sophisticated medical devices that provide greater stiffness and stability, facilitating precise catheter navigation during complex vascular interventions. For example, in June 2024, Medtronic plc, a medical technology firm based in Ireland, introduced the Steerant aortic guidewire, which is specifically designed for catheter placements in aortic procedures such as endovascular aneurysm repair (EVAR) and thoracic EVAR (TEVAR). This guidewire features a 15-cm soft, atraumatic tip that transitions into a stiff body, safeguarding the delicate aortic anatomy. It comes in lengths optimized for EVAR (200 cm and 260 cm curved) and TEVAR (260 cm double curved), with a diameter of 0.035 inches and a construction of polytetrafluoroethylene-coated stainless steel. Furthermore, the guidewire includes a flexible tip section and an 8-cm radiopaque spring to enhance visibility, thus improving navigation and stent graft delivery while prioritizing patient safety.
Major companies in the guidewires market are focusing on the development of revolutionary coronary interventions featuring unique components such as micro-cut nitinol sleeves. Boston Scientific launched the Kinetix Guidewire, which incorporates a micro-cut nitinol sleeve for enhanced torque control during percutaneous coronary intervention procedures. This represents a significant advancement in coronary guidewire technology, offering improved deliverability, support for device delivery, and a strong safety profile.
In February 2022, Boston Scientific Corporation acquired Baylis Medical Company Inc. for approximately $1.75 billion. This acquisition aims to strengthen Boston Scientific Corporation's position in the cardiology market by incorporating Baylis's products and platforms, including guidewires, sheaths, and dilators.
Major companies operating in the guidewires market include Boston Scientific Corporation, Medtronic plc, Terumo Corporation, Cook Group Incorporated, Abbott Laboratories, Cardinal Health Inc., Stryker Corporation, Olympus Corporation, Johnson & Johnson, B. Braun Melsungen AG, Teleflex Incorporated, AngioDynamics Inc., C.R. Bard Inc., Merit Medical Systems Inc., Becton Dickinson and Company, Cordis Corporation, Asahi Intecc Co. Ltd., Advanced Cardiovascular Systems Inc., Biosensors International Group Ltd., BTG plc, Coherex Medical Inc., Conmed Corporation, CryoCath Technologies Inc., Edwards Lifesciences Corporation, MicroPort Medical Systems Inc., Penumbra Inc., Spectranetics Corporation, VasoNova Inc.
North America was the largest region in the guidewires market in 2024. Asia-pacific is expected to be the fastest-growing region in the global guidewires market report during the forecast period. The regions covered in the guidewires market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the guidewires market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Guidewires are thin wires utilized to guide the placement of a catheter during minimally invasive medical procedures, helping navigate vascular systems to access specific parts of the body.
The main types of guidewires are interventional guidewires and diagnostic guidewires. Interventional guidewires are a diverse range of wires designed with unique properties suitable for specific medical procedures. They are employed to access a person's vascular system and reach the desired position during minimally invasive interventions. Guidewires are made from materials such as nitinol, stainless steel, hybrid compositions, available in both coated and non-coated forms. They find applications in various medical fields, including coronary procedures, peripheral interventions, urology, radiology, neurovascular procedures, gastroenterology, among others. These guidewire products are utilized by hospitals, ambulatory surgical centers, research laboratories, and other medical facilities.
The guidewires market research report is one of a series of new reports that provides guidewires market statistics, including guidewires industry global market size, regional shares, competitors with an guidewires market share, detailed guidewires market segments, market trends and opportunities, and any further data you may need to thrive in the guidewires industry. This guidewires market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The guidewires market consists of sales of solid core wire, mandrel wire, and ribbon wire. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Guidewires Market Characteristics3. Guidewires Market Trends and Strategies4. Guidewires Market - Macro Economic Scenario including the impact of Interest Rates, Inflation, Geopolitics and Covid and Recovery on the Market32. Global Guidewires Market Competitive Benchmarking and Dashboard33. Key Mergers and Acquisitions in the Guidewires Market34. Recent Developments in the Guidewires Market
5. Global Guidewires Growth Analysis and Strategic Analysis Framework
6. Guidewires Market Segmentation
7. Guidewires Market Regional and Country Analysis
8. Asia-Pacific Guidewires Market
9. China Guidewires Market
10. India Guidewires Market
11. Japan Guidewires Market
12. Australia Guidewires Market
13. Indonesia Guidewires Market
14. South Korea Guidewires Market
15. Western Europe Guidewires Market
16. UK Guidewires Market
17. Germany Guidewires Market
18. France Guidewires Market
19. Italy Guidewires Market
20. Spain Guidewires Market
21. Eastern Europe Guidewires Market
22. Russia Guidewires Market
23. North America Guidewires Market
24. USA Guidewires Market
25. Canada Guidewires Market
26. South America Guidewires Market
27. Brazil Guidewires Market
28. Middle East Guidewires Market
29. Africa Guidewires Market
30. Guidewires Market Competitive Landscape and Company Profiles
31. Guidewires Market Other Major and Innovative Companies
35. Guidewires Market High Potential Countries, Segments and Strategies
36. Appendix
Executive Summary
Guidewires Global Market Report 2025 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on guidewires market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description
Where is the largest and fastest growing market for guidewires? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The guidewires market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) By Product: Interventional Guidewires; Diagnostic Guidewires2) By Material: Nitinol; Stainless Steel; Hybrid; Other Materials
3) By Coating: Coated; Non-Coated
4) By Application: Coronary Guidewires; Peripheral Guidewires; Urology Guidewires; Radiology Guidewires; Neurovascular Guidewires; Gastroenterology Guidewires; Other Applications
5) By End-User: Hospitals; Ambulatory Surgical Centers; Research Laboratories; Other End-Users
Subsegments:
1) By Interventional Guidewires: Hydrophilic Guidewires; Hydrophobic Guidewires; Nitinol Guidewires; Stainless Steel Guidewires2) By Diagnostic Guidewires: Straight Tip Guidewires; Angled Tip Guidewires; J-Tip Guidewires
Key Companies Mentioned: Boston Scientific Corporation; Medtronic plc; Terumo Corporation; Cook Group Incorporated; Abbott Laboratories
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
- Boston Scientific Corporation
- Medtronic plc
- Terumo Corporation
- Cook Group Incorporated
- Abbott Laboratories
- Cardinal Health Inc.
- Stryker Corporation
- Olympus Corporation
- Johnson & Johnson
- B. Braun Melsungen AG
- Teleflex Incorporated
- AngioDynamics Inc.
- C.R. Bard Inc.
- Merit Medical Systems Inc.
- Becton Dickinson and Company
- Cordis Corporation
- Asahi Intecc Co. Ltd.
- Advanced Cardiovascular Systems Inc.
- Biosensors International Group Ltd.
- BTG plc
- Coherex Medical Inc.
- Conmed Corporation
- CryoCath Technologies Inc.
- Edwards Lifesciences Corporation
- MicroPort Medical Systems Inc.
- Penumbra Inc.
- Spectranetics Corporation
- VasoNova Inc.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 200 |
| Published | February 2025 |
| Forecast Period | 2025 - 2029 |
| Estimated Market Value ( USD | $ 2.62 Billion |
| Forecasted Market Value ( USD | $ 3.38 Billion |
| Compound Annual Growth Rate | 6.6% |
| Regions Covered | Global |
| No. of Companies Mentioned | 28 |
