Guidewires Market Size By Material (Nitinol, Stainless Steel, Hybrid), By Coatings (Coated {Hydrophilic Coating, Anti-thrombogenic/Heparin Coating, Hydrophobic Coating, Silicone Coating, Tetrafluoroethylene (TFE) Coating}, Non-coated), By Application (Cor

Guidewires Market Size By Material (Nitinol, Stainless Steel, Hybrid), By Coatings (Coated {Hydrophilic Coating, Anti-thrombogenic/Heparin Coating, Hydrophobic Coating, Silicone Coating, Tetrafluoroethylene (TFE) Coating}, Non-coated), By Application (Coronary Guidewires, Peripheral Guidewires, Urology Guidewires, Neurovascular Guidewires), By Diameter (0.014-inch, 0.018-inch, 0.025-inch, 0.032-inch, 0.035-inch, 0.038-inch), By Length (80 cm, 120 cm, 145 cm, 150 cm, 180 cm, 260 cm, 300 cm, 450 cm), By End-use (Hospitals, Ambulatory Surgical Centers, Research Laboratories), Industry Analysis Report, Regional Outlook, Application Potential, Covid-19 Impact Analysis, Competitive Market Share & Forecast, 2022 - 2028

The guidewires market is poised to showcase prominent growth through 2028 primarily on account of rising adoption of catheters in surgical procedures. In addition, mounting prevalence of chronic medical conditions is likely to further drive market growth through the forecast timeline.

A guidewire is used to guide the catheter during CVC insertions. It is utilized to gain access to the blood vessels through a minimally invasive procedure. Notably, latest advancements in the device, coupled with increasing focus on development of novel and innovative products, have positively impacted industry expansion in recent years.

For comprehensive assessment, the guidewires market has been categorized based on material, coatings, application, diameter, length, end-use, and region. On the basis of material, the market has been further segmented into stainless steel, hybrid, nitinol, and others. The hybrid sub-segment is expected to see notable growth to reach a valuation of more than USD 345.5 million by the end of 2028.

In terms of coatings, the market has been bifurcated into non-coated and coated. The guidewires industry share from the non-coated sub-segment is likely to exhibit solid growth at a CAGR of around 4.1% over the analysis period.

From the application perspective, the guidewires market has been segregated into peripheral guidewires, coronary guidewires, neurovascular guidewires, urology guidewires, and others. The peripheral guidewires sub-segment accounted for about 29.8% market share in 2021 and is set to progress at a significant pace over 2022-2028.

By diameter, the market has been divided into 0.018 inch, 0.014 inch, 0.025 inch, 0.032 inch, 0.038 inch, and 0.035 inch. In 2021, the 0.018 inch sub-segment surpassed USD 107.2 million in revenue and is primed to amass substantial gains through the assessment timeframe.

With respect to length, the guidewires market has been segmented into 120 cm, 80 cm, 145 cm, 180 cm, 150 cm, 260 cm, 450 cm, 300 cm, and others. The 120 cm sub-segment held a considerable market share in 2021 and is projected to exceed a valuation of USD 3.4 million by the end of 2028.

Based on end-use, the market has been categorized into research laboratories, hospitals, ambulatory surgical centers, and others. The research laboratories sub-segment is estimated to register approximately 4.7% CAGR over the review timeline to attain a sizable share in the market by 2028.

In the regional landscape, the Latin America guidewires market accounted for more than 9.3% of the overall industry revenue in 2021 and is slated to witness robust expansion over 2022-2028. Meanwhile, the Middle East & Africa guidewires industry is speculated to observe steady growth by 2028 at a CAGR of above 4.9% through the forecast period.