Market Overview:
The global endoscopy guidewire market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing prevalence of gastrointestinal diseases, rising demand for minimally invasive surgeries, and technological advancements in endoscopy guidewires. Based on type, the global endoscopy guidewire market is segmented into monofilament, coiled, and coated guidewires. Monofilament guidewires are expected to account for the largest share of the global market in 2018 owing to their high flexibility and low friction properties. Coiled guidewires are also expected to witness significant growth during the forecast period due to their ability to navigate through tight spaces within organs. Based on application, hospitals accounted for the largest share of the global market in 2017 owingtothe growing demand for minimally invasive surgeries worldwide.
Product Definition:
Endoscopy Guidewire is a thin, long wire that helps guide the endoscope through the body during an endoscopic procedure. The guidewire helps keep the endoscope in the correct position and assists in maneuvering it through tight spaces.
Monofilament:
Monofilament is a single-stranded flexible fiber that is used in endoscopy. It can be compared to the thickness of a human hair and has an average diameter of 0.6 mm. The most commonly used monofilaments are polydextrose (PEX), siltuximab, and colostrum (serum-free milk).
Coiled:
Coiled tubing is a flexible, hollow, and cylindrical tube made from plastic or other materials. It is used in endoscopy to convey video or still images from the external environment to the interior of the body. Coiled tubing has several advantages over rigid endoscope cables including flexibility and lightweight which increases its popularity among medical practitioners.
Application Insights:
Based on application, the global endoscopy guidewire market is segmented into hospitals, clinics and other healthcare facilities. Hospitals held the largest share of over 70.0% in 2017 owing to factors such as a large patient base requiring endoscopic procedures for diagnosis and treatment of various diseases along with increasing government funding for hospital-based diagnostic centers that offer advanced services compared to primary care physicians or general practitioners at an affordable cost are some of the major factors driving this segment.
The clinics segment is expected to grow at a lucrative rate during the forecast period due to growing awareness about early detection and effective management of diseases coupled with rising disposable income allowing more people access to high quality healthcare services resulting in increased demand for endoscopic procedures among them. The others category includes home healthcare, pre-school health centers etc.
Regional Analysis:
North America dominated the global endoscopy guidewire market in 2017. This can be attributed to increasing R&D investments by major players, rising adoption of minimally invasive surgeries, and growing healthcare expenditure in this region. In addition, favorable reimbursement policies are also expected to drive growth during the forecast period. Asia Pacific is anticipated to witness lucrative growth over the forecast period owing to improving healthcare infrastructure and growing demand for advanced medical devices among patients as well as physicians.
In China alone, there has been a rise of around 30% in gastrointestinal cancer cases since 2010 which was mainly due to an increase in obesity-related cancers such as gastric cardia adenocarcinoma (GCA) and esophagus squamous cell carcinoma (ESCC).
Growth Factors:
- Increasing incidence of gastrointestinal diseases: The increasing incidence of gastrointestinal diseases is one of the key growth drivers for the global endoscopy guidewire market. According to a study by the World Health Organization (WHO), over 9 million people die every year due to various types of gastrointestinal diseases. This number is expected to increase in the coming years, owing to the rising prevalence of lifestyle-related disorders such as obesity and diabetes. This will create a high demand for endoscopy guidewires, which will help drive market growth during the forecast period.
- Technological advancements: The technological advancements in endoscopy procedures are another major factor driving market growth. With new technologies such as 3D printing and robotics being introduced into this field, physicians are now able to perform complex procedures with greater accuracy and precision than ever before. This is resulting in an increased demand for endoscopy guidewires, which is helping fuel market expansion globally.
Scope Of The Report
Report Attributes
Report Details
Report Title
Endoscopy Guidewire Market Research Report
By Type
Monofilament, Coiled, Coated
By Application
Hospitals, Clinics, Others
By Companies
Olympus Corporation, STERIS, CONMED Corporation, Boston Scientific Corporation, Cook, Medico's-Hirata Inc., MERIT MEDICAL SYSTEMS, INC., HOBBS MEDICAL INC., Medtronic, Key Surgical, Olympus Corporation, Hunan Reborn Medical Science and Technology Development, PLS Minimally Invasive Interventional Medical Co., Zhejiang Chuangxiang Medical Technology, Sumitomo Bakelite, Omnimed Ltd., Diagmed Healthcare, Explore Synergy Inc., Taewoong Medical Co., Ltd., SCITEC, SSEM Mthembu Medical (Pty) Ltd.
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
132
Number of Tables & Figures
93
Customization Available
Yes, the report can be customized as per your need.
Global Endoscopy Guidewire Market Report Segments:
The global Endoscopy Guidewire market is segmented on the basis of:
Types
Monofilament, Coiled, Coated
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
Hospitals, Clinics, Others
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:
- Olympus Corporation
- STERIS
- CONMED Corporation
- Boston Scientific Corporation
- Cook
- Medico's-Hirata Inc.
- MERIT MEDICAL SYSTEMS, INC.
- HOBBS MEDICAL INC.
- Medtronic
- Key Surgical
- Olympus Corporation
- Hunan Reborn Medical Science and Technology Development
- PLS Minimally Invasive Interventional Medical Co.
- Zhejiang Chuangxiang Medical Technology
- Sumitomo Bakelite
- Omnimed Ltd.
- Diagmed Healthcare
- Explore Synergy Inc.
- Taewoong Medical Co., Ltd.
- SCITEC
- SSEM Mthembu Medical (Pty) Ltd.
Highlights of The Endoscopy Guidewire 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:
- Monofilament
- Coiled
- Coated
- By Application:
- Hospitals
- Clinics
- Others
- 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 Endoscopy Guidewire 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?
Endoscopy Guidewire is a long, thin, metal tube that is inserted through the mouth and down the throat into the stomach or small intestine. It can be used to view inside these organs.
Some of the major companies in the endoscopy guidewire market are Olympus Corporation, STERIS, CONMED Corporation, Boston Scientific Corporation, Cook, Medico's-Hirata Inc., MERIT MEDICAL SYSTEMS, INC., HOBBS MEDICAL INC., Medtronic, Key Surgical, Olympus Corporation, Hunan Reborn Medical Science and Technology Development, PLS Minimally Invasive Interventional Medical Co., Zhejiang Chuangxiang Medical Technology, Sumitomo Bakelite, Omnimed Ltd., Diagmed Healthcare, Explore Synergy Inc., Taewoong Medical Co., Ltd., SCITEC, SSEM Mthembu Medical (Pty) Ltd..
The endoscopy guidewire market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Endoscopy Guidewire 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 Endoscopy Guidewire Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Endoscopy Guidewire 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 Endoscopy Guidewire 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 Endoscopy Guidewire Market Size & Forecast, 2018-2028
4.5.1 Endoscopy Guidewire Market Size and Y-o-Y Growth
4.5.2 Endoscopy Guidewire Market Absolute $ Opportunity
Chapter 5 Global Endoscopy Guidewire 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 Endoscopy Guidewire Market Size Forecast by Type
5.2.1 Monofilament
5.2.2 Coiled
5.2.3 Coated
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Endoscopy Guidewire 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 Endoscopy Guidewire Market Size Forecast by Applications
6.2.1 Hospitals
6.2.2 Clinics
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Endoscopy Guidewire 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 Endoscopy Guidewire 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 Endoscopy Guidewire Analysis and Forecast
9.1 Introduction
9.2 North America Endoscopy Guidewire 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 Endoscopy Guidewire Market Size Forecast by Type
9.6.1 Monofilament
9.6.2 Coiled
9.6.3 Coated
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 Endoscopy Guidewire Market Size Forecast by Applications
9.10.1 Hospitals
9.10.2 Clinics
9.10.3 Others
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 Endoscopy Guidewire Analysis and Forecast
10.1 Introduction
10.2 Europe Endoscopy Guidewire 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 Endoscopy Guidewire Market Size Forecast by Type
10.6.1 Monofilament
10.6.2 Coiled
10.6.3 Coated
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 Endoscopy Guidewire Market Size Forecast by Applications
10.10.1 Hospitals
10.10.2 Clinics
10.10.3 Others
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 Endoscopy Guidewire Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Endoscopy Guidewire 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 Endoscopy Guidewire Market Size Forecast by Type
11.6.1 Monofilament
11.6.2 Coiled
11.6.3 Coated
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 Endoscopy Guidewire Market Size Forecast by Applications
11.10.1 Hospitals
11.10.2 Clinics
11.10.3 Others
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 Endoscopy Guidewire Analysis and Forecast
12.1 Introduction
12.2 Latin America Endoscopy Guidewire 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 Endoscopy Guidewire Market Size Forecast by Type
12.6.1 Monofilament
12.6.2 Coiled
12.6.3 Coated
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 Endoscopy Guidewire Market Size Forecast by Applications
12.10.1 Hospitals
12.10.2 Clinics
12.10.3 Others
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) Endoscopy Guidewire Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Endoscopy Guidewire 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) Endoscopy Guidewire Market Size Forecast by Type
13.6.1 Monofilament
13.6.2 Coiled
13.6.3 Coated
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) Endoscopy Guidewire Market Size Forecast by Applications
13.10.1 Hospitals
13.10.2 Clinics
13.10.3 Others
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 Endoscopy Guidewire Market: Competitive Dashboard
14.2 Global Endoscopy Guidewire Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Olympus Corporation
14.3.2 STERIS
14.3.3 CONMED Corporation
14.3.4 Boston Scientific Corporation
14.3.5 Cook
14.3.6 Medico's-Hirata Inc.
14.3.7 MERIT MEDICAL SYSTEMS, INC.
14.3.8 HOBBS MEDICAL INC.
14.3.9 Medtronic
14.3.10 Key Surgical
14.3.11 Olympus Corporation
14.3.12 Hunan Reborn Medical Science and Technology Development
14.3.13 PLS Minimally Invasive Interventional Medical Co.
14.3.14 Zhejiang Chuangxiang Medical Technology
14.3.15 Sumitomo Bakelite
14.3.16 Omnimed Ltd.
14.3.17 Diagmed Healthcare
14.3.18 Explore Synergy Inc.
14.3.19 Taewoong Medical Co., Ltd.
14.3.20 SCITEC
14.3.21 SSEM Mthembu Medical (Pty) Ltd.
