Market Overview:
The global medical 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 cardiovascular diseases, technological advancements in guidewire technology, and rising demand for minimally invasive procedures. Based on type, the global medical guidewires market is segmented into straight guidewires and J-shaped guidewires. The straight guidewire segment is expected to account for the majority share of the global medical guidewires market in 2018. This can be attributed to its low cost and easy maneuverability compared with other types of GuidEWIREs. Based on application, the global medical GuidEWIREs market is segmented into percutaneous transluminal coronary angioplasty (PTCA), percutaneous transluminal angioplasty (PTA), and other applications such as atrial septal defect closure, patent foramen ovale closure, and mitral valve repair/replacement surgeries). The PTCA segment accounted for the majority share of the global medical GuidEWIREs market in 2017 owing to its high prevalence across geographies coupled with increasing demand for minimally invasive procedures.
Product Definition:
A medical guidewire is a thin, metal wire that is inserted through a vein or artery to help guide other medical devices during a procedure.
Straight Guidewires:
Straight guidewires are used for the insertion of catheters in body lumens. They are flexible, hollow tubes made up of polymeric material such as PTFE or siloxane. The tip of the straight guidewire is designed to be inserted into a blood vessel and then advanced until it meets resistance which indicates that the catheter has reached its destination.
J shaped Guidewires:
The J-shaped guidewires are designed to facilitate the entry of a needle into soft tissues with minimum damage. The shape of these guidewires helps in minimizing the chances of damaging blood vessels and other body parts while making a puncture. These devices are used for various medical procedures including, angiography, cardiac electrophysiology testing, interventional radiology and vascular surgery among others.
Application Insights:
Based on application, the global medical guidewires market is segmented into percutaneous transluminal coronary angioplasty (PTCA), percutaneous transluminal angioplasty (PTA), and others. Percutaneous transluminal coronary angioplasty (PTCA) held the largest share in 2017 owing to its high usage rate and prevalence of cardiovascular diseases. According to a study published by NCBI in 2018, out of 1,000 patients suffering from acute heart failure, PTCA is performed in around 300 cases while PTA is performed in about 100 cases. Thus increasing demand for effective treatment options for CVDs are expected to drive growth during the forecast period.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to factors such as increasing prevalence of cardiovascular diseases, high purchasing power of patients, and availability of advanced medical devices. Moreover, growing target population base with higher disposable income is expected to drive the regional demand for medical guidewires during the forecast period.
Asia Pacific is anticipated to witness lucrative growth over the forecast period owing to improving healthcare infrastructure and rising patient awareness regarding various coronary surgeries such as percutaneous transluminal coronary angioplasty (PTCA) or percutaneous transluminal angioplasty (PTA). In addition, a large number of local manufacturers are likely to provide robust support for growth through expansion activities and new product launches in near future. Furthermore, government initiatives encouraging R&D activities within this region are also expected boost its market potential during the forecast period (2016-2021).
Growth Factors:
- Increasing demand for minimally invasive surgeries: The global medical guidewires market is expected to grow at a CAGR of 5.5% during the forecast period, owing to the increasing demand for minimally invasive surgeries. This is because of the benefits offered by these surgeries over traditional open surgery procedures, such as shorter hospital stays and faster recoveries.
- Rising prevalence of cardiovascular diseases: The prevalence of cardiovascular diseases is increasing globally due to changing lifestyles and dietary habits. This is leading to an increase in the number of patients requiring treatment with medical guidewires, thereby driving market growth.
- Technological advancements: Medical guidewire manufacturers are constantly innovating their products in order to offer better performance and safety features to their customers. This has resulted in increased adoption rates of medical guidewires, thereby propelling market growth further..
Scope Of The Report
Report Attributes
Report Details
Report Title
Medical Guidewires Market Research Report
By Type
Straight Guidewires, J shaped Guidewires
By Application
Percutaneous Transluminal Coronary Angioplasty (PTCA), Percutaneous Transluminal Angioplasty (PTA), Other
By Companies
Invatec S.p.A., Abbott Vascular, St.Jude Medical, OptiMed Medizinische Instrumente, Medtronic Inc
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
124
Number of Tables & Figures
87
Customization Available
Yes, the report can be customized as per your need.
Global Medical Guidewires Market Report Segments:
The global Medical Guidewires market is segmented on the basis of:
Types
Straight Guidewires, J shaped Guidewires
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
Percutaneous Transluminal Coronary Angioplasty (PTCA), Percutaneous Transluminal Angioplasty (PTA), 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:
- Invatec S.p.A.
- Abbott Vascular
- St.Jude Medical
- OptiMed Medizinische Instrumente
- Medtronic Inc
Highlights of The Medical 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:
- Straight Guidewires
- J shaped Guidewires
- By Application:
- Percutaneous Transluminal Coronary Angioplasty (PTCA)
- Percutaneous Transluminal Angioplasty (PTA)
- 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 Medical 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.
How you may use our products:
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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?
Medical Guidewires is a website that provides information on medical conditions and treatments. It includes articles, videos, and quizzes to help people learn about their health.
Some of the major players in the medical guidewires market are Invatec S.p.A., Abbott Vascular, St.Jude Medical, OptiMed Medizinische Instrumente, Medtronic Inc.
The medical guidewires 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 Medical 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 Medical Guidewires Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Medical 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 Medical 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 Medical Guidewires Market Size & Forecast, 2018-2028
4.5.1 Medical Guidewires Market Size and Y-o-Y Growth
4.5.2 Medical Guidewires Market Absolute $ Opportunity
Chapter 5 Global Medical 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 Medical Guidewires Market Size Forecast by Type
5.2.1 Straight Guidewires
5.2.2 J shaped Guidewires
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Medical 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 Medical Guidewires Market Size Forecast by Applications
6.2.1 Percutaneous Transluminal Coronary Angioplasty (PTCA)
6.2.2 Percutaneous Transluminal Angioplasty (PTA)
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Medical 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 Medical 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 Medical Guidewires Analysis and Forecast
9.1 Introduction
9.2 North America Medical 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 Medical Guidewires Market Size Forecast by Type
9.6.1 Straight Guidewires
9.6.2 J shaped Guidewires
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 Medical Guidewires Market Size Forecast by Applications
9.10.1 Percutaneous Transluminal Coronary Angioplasty (PTCA)
9.10.2 Percutaneous Transluminal Angioplasty (PTA)
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 Medical Guidewires Analysis and Forecast
10.1 Introduction
10.2 Europe Medical 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 Medical Guidewires Market Size Forecast by Type
10.6.1 Straight Guidewires
10.6.2 J shaped Guidewires
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 Medical Guidewires Market Size Forecast by Applications
10.10.1 Percutaneous Transluminal Coronary Angioplasty (PTCA)
10.10.2 Percutaneous Transluminal Angioplasty (PTA)
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 Medical Guidewires Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Medical 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 Medical Guidewires Market Size Forecast by Type
11.6.1 Straight Guidewires
11.6.2 J shaped Guidewires
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 Medical Guidewires Market Size Forecast by Applications
11.10.1 Percutaneous Transluminal Coronary Angioplasty (PTCA)
11.10.2 Percutaneous Transluminal Angioplasty (PTA)
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 Medical Guidewires Analysis and Forecast
12.1 Introduction
12.2 Latin America Medical 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 Medical Guidewires Market Size Forecast by Type
12.6.1 Straight Guidewires
12.6.2 J shaped Guidewires
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 Medical Guidewires Market Size Forecast by Applications
12.10.1 Percutaneous Transluminal Coronary Angioplasty (PTCA)
12.10.2 Percutaneous Transluminal Angioplasty (PTA)
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) Medical Guidewires Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Medical 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) Medical Guidewires Market Size Forecast by Type
13.6.1 Straight Guidewires
13.6.2 J shaped Guidewires
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) Medical Guidewires Market Size Forecast by Applications
13.10.1 Percutaneous Transluminal Coronary Angioplasty (PTCA)
13.10.2 Percutaneous Transluminal Angioplasty (PTA)
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 Medical Guidewires Market: Competitive Dashboard
14.2 Global Medical Guidewires Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Invatec S.p.A.
14.3.2 Abbott Vascular
14.3.3 St.Jude Medical
14.3.4 OptiMed Medizinische Instrumente
14.3.5 Medtronic Inc
