Global Guide Wires Market Growth 2023-2029

Global Guide Wires Market Growth 2023-2029

A guidewire is a long and flexible spring that assists the introduction and placement of implantable medical devices into a patient's body. This report focuses on coronary guide wire and peripheral guide wire, used for cardiovascular diseases, peripheral artery disease (PAD), peripheral vascular diseases (PVDs), abdominal aortic aneurysms (AAA) and carotid artery stenosis (CAS). Peripheral guidewires have multiple layers which includes central core, distal tip and outer coating. Central core is generally made up of stainless steel or Nitinol which posses’ superior torque characteristics. Distal tip has variable length and it is made up of radio-opaque material e.g. platinum or iridium alloys and provides flexibility during operations. Peripheral guidewires are coated with a polymer, such as silicone or polytetrafluoroethylene (PTFE), to increase lubricity. Peripheral guidewires are used during the percutaneous transluminal angioplasty and angiography for guiding the stents or catheters to the site of action in the peripheral vasculature. Peripheral guidewire market is mainly driven by increasing demand for minimally invasive surgeries. Other important factor that propels the market growth is increasing worldwide geriatric population. Moreover, growing incidences of neurological, cardiovascular and urology disorders also fuel the market growth. It is important for patients to fully understand the risks of the procedure undergoing laparoscopy and other cardiovascular, neurovascular surgeries. Some risk factors associated with of minimally invasive surgery and preference given to open surgery may hamper the growth of this market.

LPI (LP Information)' newest research report, the “Guide Wires Industry Forecast” looks at past sales and reviews total world Guide Wires sales in 2022, providing a comprehensive analysis by region and market sector of projected Guide Wires sales for 2023 through 2029. With Guide Wires sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Guide Wires industry.

This Insight Report provides a comprehensive analysis of the global Guide Wires landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Guide Wires portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Guide Wires market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Guide Wires and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Guide Wires.

The global Guide Wires market size is projected to grow from US$ 1156.3 million in 2022 to US$ 1901.6 million in 2029; it is expected to grow at a CAGR of 1901.6 from 2023 to 2029.

Global Guide Wires key players include Terumo Medical, Abbott Vascular, Asahi, Boston Scientific Corporation, Cardinal (Cordis), etc. Global top five manufacturers hold a Revenue Market Share over 65%. Asia Pacific accounts for the most Sales Market Share, which have a share over 35%, followed by North America. In terms of product, Angled Guide Wires is the largest segment, with a Sales Market Share over 75%. And in terms of application, the largest application is Interventional, followed by Diagnostics.

This report presents a comprehensive overview, market shares, and growth opportunities of Guide Wires market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

Angled Guide Wires

J Shape Guide Wires

Straight Guide Wires

Segmentation by application

Interventional

Diagnostics

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

Terumo Medical

Abbott Vascular

Asahi

Boston Scientific Corporation

Cardinal (Cordis)

Integer (Lake Region)

Medtronic

Cook Medical

TE Connectivity (AdvancedCath)

Merit Medical Systems

SP Medical

Epflex

Shannon MicroCoil

Acme Monaco

Infiniti Medical

Custom Wire Technologies

Biotronik

Hanaco

Lepu Meidcal

Shenzhen Yixinda

Key Questions Addressed in this Report

What is the 10-year outlook for the global Guide Wires market?

What factors are driving Guide Wires market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Guide Wires market opportunities vary by end market size?

How does Guide Wires break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.