Market Overview:
The global biliary guidewires market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing incidence of biliary diseases, technological advancements in guidewire technology, and rising demand for minimally invasive surgeries. Based on type, the global biliary guidewires market is segmented into single use and reusable guidewires. The reusable guidewires segment is expected to grow at a higher CAGR than the single use guidewires segment during the forecast period. This growth can be attributed to factors such as lower cost and longer life span as compared with single use guidewires. Based on application, the global biliary guidwires market is divided into hospital, clinic, and other applications segments.
Product Definition:
Biliary guidewires are thin, flexible wires that are used to help guide medical instruments through the bile ducts and into the gallbladder. The importance of biliary guidewires is that they help to ensure accuracy and precision when performing procedures in these delicate areas.
Single Use:
Single-use biliary guidewires are used for the purpose of drainage and visualization of bile ducts. It is a thin, hollow tube made from flexible material that is inserted into the gallbladder via the liver.
Reusable:
Reusable guidewires are used in the endoscopic procedures and they are available as single or multiple wire/cable guidewires. These wires/guidewires can be re-used after sterilization process which is a major factor driving the market growth.
Application Insights:
The other application segment held the largest share of more than 50.0% in 2017. This is attributed to the increasing prevalence of biliary diseases and growing awareness about liver transplantation, which has resulted in an increased demand for biliary guidance wires worldwide. According to data published by WHO, around 90-120 million people are suffering from cholestatic jaundice across the globe every year, which requires hospitalization due to its high risk nature. Thus, rising incidence of biliary diseases coupled with a high adoption rate for advanced devices is expected to drive industry growth over the forecast period.
Regional Analysis:
North America dominated the global market in 2017 owing to the increasing prevalence of biliary tract diseases and rising adoption of minimally invasive surgeries. The region is expected to maintain its dominance over the forecast period due to factors such as favorable reimbursement policies, high healthcare expenditure, and well-established healthcare infrastructure.
Asia Pacific is anticipated to witness lucrative growth during the forecast period owing to an increase in government initiatives for improving quality of care provided at a lower cost along with growing medical tourism industry. These factors are likely to contribute toward revenue growth in this region during the estimated time span. Moreover, economic development coupled with improvement in living standards has led people from middle income groups seeking better treatment options at affordable costs; hence driving demand across this region as well as others aforementioned throughout Latin America and Europe (for more details see Table 1).
Growth Factors:
- Increasing incidence of biliary tract diseases: The increasing incidence of biliary tract diseases is one of the key growth drivers for the global market for biliary guidewires. This is because the use of these guidewires helps in the diagnosis and treatment of these diseases.
- Technological advancements: The technological advancements in the field of medical devices have led to the development and commercialization of novel products such as biliary guidewires, which are helping to drive market growth.
- Rising demand for minimally invasive surgeries: There is a rising demand for minimally invasive surgeries, owing to their benefits such as shorter hospital stays and reduced post-operative complications rates. This is leading to an increase in adoption rates for products such as biliary guidewires, which help facilitate these surgeries effectively.
- Growing geriatric population: The growing geriatric population is another major factor that is driving market growth, as this population segment tends to be more susceptible to various types of health conditions that can lead to the need for surgical interventions such as those involving use of a biliary guidewire . 5) Rising healthcare expenditure: There has been a rise in global healthcare expenditure over recent years, due largely to factors such as an aging population and increasing prevalence ratesof chronic diseases across all regions worldwide
Scope Of The Report
Report Attributes
Report Details
Report Title
Biliary Guidewires Market Research Report
By Type
Single Use, Reusable
By Application
Hospital, Clinic, Other
By Companies
Boston Scientific, CONMED, Olympus, MICRO-TECH, e-LinkCare Meditech Co.,Ltd., Innovex Medical, Interlock Medizintechnik GmbH, Medi-Globe, Boston Scientific
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
125
Number of Tables & Figures
88
Customization Available
Yes, the report can be customized as per your need.
Global Biliary Guidewires Market Report Segments:
The global Biliary Guidewires market is segmented on the basis of:
Types
Single Use, Reusable
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospital, Clinic, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Boston Scientific
- CONMED
- Olympus
- MICRO-TECH
- e-LinkCare Meditech Co.,Ltd.
- Innovex Medical
- Interlock Medizintechnik GmbH
- Medi-Globe
- Boston Scientific
Highlights of The Biliary Guidewires Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Single Use
- Reusable
- By Application:
- Hospital
- Clinic
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Biliary Guidewires Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Biliary Guidewires are a type of catheter that is inserted through the side of your ribcage into your liver to help remove bile from your body.
Some of the major companies in the biliary guidewires market are Boston Scientific, CONMED, Olympus, MICRO-TECH, e-LinkCare Meditech Co.,Ltd., Innovex Medical, Interlock Medizintechnik GmbH, Medi-Globe, Boston Scientific.
The biliary guidewires market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Biliary Guidewires Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Biliary Guidewires Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Biliary Guidewires Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Biliary Guidewires Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Biliary Guidewires Market Size & Forecast, 2018-2028
4.5.1 Biliary Guidewires Market Size and Y-o-Y Growth
4.5.2 Biliary Guidewires Market Absolute $ Opportunity
Chapter 5 Global Biliary Guidewires Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Biliary Guidewires Market Size Forecast by Type
5.2.1 Single Use
5.2.2 Reusable
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Biliary Guidewires Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Biliary Guidewires Market Size Forecast by Applications
6.2.1 Hospital
6.2.2 Clinic
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Biliary Guidewires Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Biliary Guidewires Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Biliary Guidewires Analysis and Forecast
9.1 Introduction
9.2 North America Biliary Guidewires Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Biliary Guidewires Market Size Forecast by Type
9.6.1 Single Use
9.6.2 Reusable
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Biliary Guidewires Market Size Forecast by Applications
9.10.1 Hospital
9.10.2 Clinic
9.10.3 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Biliary Guidewires Analysis and Forecast
10.1 Introduction
10.2 Europe Biliary Guidewires Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Biliary Guidewires Market Size Forecast by Type
10.6.1 Single Use
10.6.2 Reusable
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Biliary Guidewires Market Size Forecast by Applications
10.10.1 Hospital
10.10.2 Clinic
10.10.3 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Biliary Guidewires Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Biliary Guidewires Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Biliary Guidewires Market Size Forecast by Type
11.6.1 Single Use
11.6.2 Reusable
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Biliary Guidewires Market Size Forecast by Applications
11.10.1 Hospital
11.10.2 Clinic
11.10.3 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Biliary Guidewires Analysis and Forecast
12.1 Introduction
12.2 Latin America Biliary Guidewires Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Biliary Guidewires Market Size Forecast by Type
12.6.1 Single Use
12.6.2 Reusable
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Biliary Guidewires Market Size Forecast by Applications
12.10.1 Hospital
12.10.2 Clinic
12.10.3 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Biliary Guidewires Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Biliary Guidewires Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Biliary Guidewires Market Size Forecast by Type
13.6.1 Single Use
13.6.2 Reusable
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Biliary Guidewires Market Size Forecast by Applications
13.10.1 Hospital
13.10.2 Clinic
13.10.3 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Biliary Guidewires Market: Competitive Dashboard
14.2 Global Biliary Guidewires Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Boston Scientific
14.3.2 CONMED
14.3.3 Olympus
14.3.4 MICRO-TECH
14.3.5 e-LinkCare Meditech Co.,Ltd.
14.3.6 Innovex Medical
14.3.7 Interlock Medizintechnik GmbH
14.3.8 Medi-Globe
14.3.9 Boston Scientific
