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Press Release:

Global Guidewires Market to Grow at 4.17% During 2022-2027, Bolstered by Advancements in Technology

COVID-19
The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.

Guidewires Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:
 

The global guidewires market is expected to exhibit a CAGR of 4.17% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.

A guidewire is a thin and flexible tube used for introducing, guiding and placing medical devices inside the patient’s body. It is usually manufactured using nitinol, stainless steel, platinum, palladium, bimetal, tungsten and polymers that offer high tensile and torque strength, durability and resistance to fatigue. Guidewires are crucial for conducting vascular interventions and minimally invasive (MI) surgeries, as they are coated with hydrophilic and hydrophobic compounds to increase lubrication and are used for reaching lesions in the blood vessel. These wires also improve device delivery and minimize the risk of vascular injuries, owing to which they find extensive applications in various cardiovascular, gastrointestinal, urology and interventional radiology procedures.

 

 
 

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The increasing prevalence of chronic disorders across the globe, along with the growing preference for MI procedures, is one of the key factors driving the growth of the market. Guidewires are primarily used for conducting bariatric procedures and diagnosing and treating various neurological and cardiovascular diseases (CVDs), such as ischemic heart disease, brain aneurysm and nephrolithiasis. In line with this, the utilization of nitinol materials for manufacturing products that offer enhanced biocompatibility, steerability and elasticity are also contributing to the market growth. Additionally, the development of innovative stainless steel and coated guidewires is creating a positive outlook for the market. Other factors, including the rising geriatric population, which is more susceptible to medical ailments, along with the improving healthcare infrastructure, are expected to drive the market further. 

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global guidewires market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on product, material, application and end user.

Breakup by Product:

 

 
 

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  • 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 Region:

 

 
 

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  • North America
    • United States
    • Canada
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players being Abbott Laboratories, AngioDynamics Inc., ASAHI INTECC Co., Ltd., B. Braun (B. Braun Holding GmbH & Co. KG), Boston Scientific, C. 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. and Terumo Corporation.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Million
Segment Coverage Product, Material, Application, End User, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Abbott Laboratories, AngioDynamics Inc., ASAHI INTECC Co., Ltd., B. Braun (B. Braun Holding GmbH & Co. KG), Boston Scientific, C. 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. and Terumo Corporation
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

1   Preface
2   Scope and Methodology 
    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3   Executive Summary
4   Introduction
    4.1    Overview
    4.2    Key Industry Trends
5   Global Guidewires Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6   Market Breakup by Product
    6.1    Surgical Guidewires
        6.1.1 Market Trends
        6.1.2 Major Types
           6.1.2.1 Hydrophilic Surgical Guidewires
           6.1.2.2 Hydrophobic Surgical Guidewires
        6.1.3 Market Forecast
    6.2    Diagnostic Guidewires
        6.2.1 Market Trends
        6.2.2 Major Types
           6.2.2.1 Hydrophilic Diagnostic Guidewires
           6.2.2.2 Hydrophobic Diagnostic Guidewires
        6.2.3 Market Forecast 
7   Market Breakup by Material
    7.1    Nitinol
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Stainless Steel
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Others
        7.3.1 Market Trends
        7.3.2 Market Forecast
8   Market Breakup by Application
    8.1    Coronary
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Neurovascular
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Urology
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    Others
        8.4.1 Market Trends
        8.4.2 Market Forecast
9   Market Breakup by End User
    9.1    Hospitals, Diagnostic Centers and Surgical Centers
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    Ambulatory Care Centers (ACC)
        9.2.1 Market Trends
        9.2.2 Market Forecast
    9.3    Others
        9.3.1 Market Trends
        9.3.2 Market Forecast
10 Market Breakup by Region
    10.1    North America
        10.1.1 United States
           10.1.1.1 Market Trends
           10.1.1.2 Market Forecast
        10.1.2 Canada
           10.1.2.1 Market Trends
           10.1.2.2 Market Forecast
    10.2    Asia Pacific
        10.2.1 China
           10.2.1.1 Market Trends
           10.2.1.2 Market Forecast
        10.2.2 Japan
           10.2.2.1 Market Trends
           10.2.2.2 Market Forecast
        10.2.3 India
           10.2.3.1 Market Trends
           10.2.3.2 Market Forecast
        10.2.4 South Korea
           10.2.4.1 Market Trends
           10.2.4.2 Market Forecast
        10.2.5 Australia
           10.2.5.1 Market Trends
           10.2.5.2 Market Forecast
        10.2.6 Indonesia
           10.2.6.1 Market Trends
           10.2.6.2 Market Forecast
        10.2.7 Others
           10.2.7.1 Market Trends
           10.2.7.2 Market Forecast
    10.3    Europe
        10.3.1 Germany
           10.3.1.1 Market Trends
           10.3.1.2 Market Forecast
        10.3.2 France
           10.3.2.1 Market Trends
           10.3.2.2 Market Forecast
        10.3.3 United Kingdom
           10.3.3.1 Market Trends
           10.3.3.2 Market Forecast
        10.3.4 Italy
           10.3.4.1 Market Trends
           10.3.4.2 Market Forecast
        10.3.5 Spain
           10.3.5.1 Market Trends
           10.3.5.2 Market Forecast
        10.3.6 Russia
           10.3.6.1 Market Trends
           10.3.6.2 Market Forecast
        10.3.7 Others
           10.3.7.1 Market Trends
           10.3.7.2 Market Forecast
    10.4    Latin America
        10.4.1 Brazil
           10.4.1.1 Market Trends
           10.4.1.2 Market Forecast
        10.4.2 Mexico
           10.4.2.1 Market Trends
           10.4.2.2 Market Forecast
        10.4.3 Others
           10.4.3.1 Market Trends
           10.4.3.2 Market Forecast
    10.5    Middle East and Africa
        10.5.1 Market Trends
        10.5.2 Market Breakup by Country
        10.5.3 Market Forecast
11  SWOT Analysis
    11.1    Overview
    11.2    Strengths
    11.3    Weaknesses
    11.4    Opportunities
    11.5    Threats
12  Value Chain Analysis
13  Porters Five Forces Analysis
    13.1    Overview
    13.2    Bargaining Power of Buyers
    13.3    Bargaining Power of Suppliers
    13.4    Degree of Competition
    13.5    Threat of New Entrants
    13.6    Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
    15.1    Market Structure
    15.2    Key Players
    15.3    Profiles of Key Players
        15.3.1    Abbott Laboratories
           15.3.1.1 Company Overview
           15.3.1.2 Product Portfolio 
           15.3.1.3 Financials
           15.3.1.4 SWOT Analysis
        15.3.2    AngioDynamics Inc.
           15.3.2.1 Company Overview
           15.3.2.2 Product Portfolio 
           15.3.2.3 Financials
           15.3.2.4 SWOT Analysis
        15.3.3    ASAHI INTECC CO. LTD.
           15.3.3.1 Company Overview
           15.3.3.2 Product Portfolio 
           15.3.3.3 Financials
        15.3.4    B. Braun (B. Braun Holding GmbH & Co. KG)
           15.3.4.1 Company Overview
           15.3.4.2 Product Portfolio 
           15.3.4.3 SWOT Analysis
        15.3.5    Boston Scientific
           15.3.5.1 Company Overview
           15.3.5.2 Product Portfolio 
           15.3.5.3 Financials
           15.3.5.4 SWOT Analysis
        15.3.6    C. R. Bard, Inc. (Becton, Dickinson and Company)
           15.3.6.1 Company Overview
           15.3.6.2 Product Portfolio
        15.3.7    Cardinal Health
           15.3.7.1 Company Overview
           15.3.7.2 Product Portfolio 
           15.3.7.3 Financials
           15.3.7.4 SWOT Analysis
        15.3.8    Cook Medical Incorporated (Cook Group)
           15.3.8.1 Company Overview
           15.3.8.2 Product Portfolio
        15.3.9    Johnson & Johnson
           15.3.9.1 Company Overview
           15.3.9.2 Product Portfolio 
           15.3.9.3 Financials
           15.3.9.4 SWOT Analysis
        15.3.10    Medtronic Plc 
           15.3.10.1 Company Overview
           15.3.10.2 Product Portfolio 
        15.3.11    Merit Medical Systems Inc.
           15.3.11.1 Company Overview
           15.3.11.2 Product Portfolio 
           15.3.11.3 Financials
           15.3.11.4 SWOT Analysis
        15.3.12    Olympus Corporation 
           15.3.12.1 Company Overview
           15.3.12.2 Product Portfolio 
           15.3.12.3 Financials
           15.3.12.4 SWOT Analysis
        15.3.13    Stryker Corporation
           15.3.13.1 Company Overview
           15.3.13.2 Product Portfolio 
           15.3.13.3 Financials
           15.3.13.4 SWOT Analysis
        15.3.14    Teleflex Medical Inc.
           15.3.14.1 Company Overview
           15.3.14.2 Product Portfolio 
        15.3.15    Terumo Corporation
           15.3.15.1 Company Overview
           15.3.15.2 Product Portfolio 
           15.3.15.3 Financials
           15.3.15.4 SWOT Analysis

List of Figures

Figure 1: Global: Guidewires Market: Major Drivers and Challenges
Figure 2: Global: Guidewires Market: Sales Value (in Million US$), 2016-2021
Figure 3: Global: Guidewires Market: Breakup by Product (in %), 2021
Figure 4: Global: Guidewires Market: Breakup by Material (in %), 2021
Figure 5: Global: Guidewires Market: Breakup by Application (in %), 2021
Figure 6: Global: Guidewires Market: Breakup by End User (in %), 2021
Figure 7: Global: Guidewires Market: Breakup by Region (in %), 2021
Figure 8: Global: Guidewires Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 9: Global: Guidewires (Surgical) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: Guidewires (Surgical) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: Guidewires (Diagnostic) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Guidewires (Diagnostic) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Guidewires (Nitinol) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Guidewires (Nitinol) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Guidewires (Stainless Steel) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Guidewires (Stainless Steel) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Guidewires (Other Materials) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Guidewires (Other Materials) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Guidewires (Coronary) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: Guidewires (Coronary) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: Guidewires (Neurovascular) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: Guidewires (Neurovascular) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Global: Guidewires (Urology) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Global: Guidewires (Urology) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Global: Guidewires (Other Applications) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Global: Guidewires (Other Applications) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Global: Guidewires (Hospitals, Diagnostic Centers and Surgical Centers) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: Global: Guidewires (Hospitals, Diagnostic Centers and Surgical Centers) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: Global: Guidewires (Ambulatory Care Centers) Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: Global: Guidewires (Ambulatory Care Centers) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: Global: Guidewires (Others) Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: Global: Guidewires (Others) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: North America: Guidewires Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: North America: Guidewires Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: United States: Guidewires Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: United States: Guidewires Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: Canada: Guidewires Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: Canada: Guidewires Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: Asia Pacific: Guidewires Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: Asia Pacific: Guidewires Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: China: Guidewires Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: China: Guidewires Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: Japan: Guidewires Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: Japan: Guidewires Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: India: Guidewires Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: India: Guidewires Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: South Korea: Guidewires Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: South Korea: Guidewires Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: Australia: Guidewires Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: Australia: Guidewires Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: Indonesia: Guidewires Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: Indonesia: Guidewires Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: Others: Guidewires Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: Others: Guidewires Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: Europe: Guidewires Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: Europe: Guidewires Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: Germany: Guidewires Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: Germany: Guidewires Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: France: Guidewires Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: France: Guidewires Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: United Kingdom: Guidewires Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: United Kingdom: Guidewires Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: Italy: Guidewires Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: Italy: Guidewires Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: Spain: Guidewires Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: Spain: Guidewires Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 67: Russia: Guidewires Market: Sales Value (in Million US$), 2016 & 2021
Figure 68: Russia: Guidewires Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 69: Others: Guidewires Market: Sales Value (in Million US$), 2016 & 2021
Figure 70: Others: Guidewires Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 71: Latin America: Guidewires Market: Sales Value (in Million US$), 2016 & 2021
Figure 72: Latin America: Guidewires Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 73: Brazil: Guidewires Market: Sales Value (in Million US$), 2016 & 2021
Figure 74: Brazil: Guidewires Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 75: Mexico: Guidewires Market: Sales Value (in Million US$), 2016 & 2021
Figure 76: Mexico: Guidewires Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 77: Others: Guidewires Market: Sales Value (in Million US$), 2016 & 2021
Figure 78: Others: Guidewires Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 79: Middle East and Africa: Guidewires Market: Sales Value (in Million US$), 2016 & 2021
Figure 80: Middle East and Africa: Guidewires Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 81: Global: Guidewires Industry: SWOT Analysis
Figure 82: Global: Guidewires Industry: Value Chain Analysis
Figure 83: Global: Guidewires Industry: Porter’s Five Forces Analysis

List of Tables

Table 1: Global: Guidewires Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Guidewires Market Forecast: Breakup by Product (in Million US$), 2022-2027
Table 3: Global: Guidewires Market Forecast: Breakup by Material (in Million US$), 2022-2027
Table 4: Global: Guidewires Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 5: Global: Guidewires Market Forecast: Breakup by End User (in Million US$), 2022-2027
Table 6: Global: Guidewires Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 7: Global: Guidewires Market Structure
Table 8: Global: Guidewires Market: Key Players


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Key Questions Answered in This Report

We expect the global guidewires market to exhibit a CAGR of 4.17% during 2022-2027.

Sudden outbreak of the COVID-19 pandemic had negatively impacted the demand for guidewires in conducting various medical procedures to mitigate the risk of coronavirus infection upon hospital visits or interaction with healthcare professionals.

The growing occurrence of chronic medical ailments, such as cardiovascular, urological and neurovascular disorders, especially among the geriatric population is currently driving the market for guidewires.

Based on the product, the market has been bifurcated into surgical guidewires and diagnostic guidewires. Currently, surgical guidewires hold the largest market share.

Based on the material, the market has been classified into nitinol, stainless steel, and others. Nitinol currently exhibits a clear dominance in the market.

Based on the application, the market has been divided into coronary, neurovascular, urology, and others. Currently, coronary holds the largest market share.

On a regional level, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, where North America currently dominates the global market.

Some of the major players in the global guidewires market include Abbott Laboratories, AngioDynamics Inc., ASAHI INTECC Co., Ltd., B. Braun (B. Braun Holding GmbH & Co. KG), Boston Scientific, C. 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. and Terumo Corporation.

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