Market Overview:
The global straight medical guide wire 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 cardiovascular diseases and peripheral artery diseases, rising demand for minimally invasive surgeries, and technological advancements in medical guide wires. Based on type, the global straight medical guide wire market is segmented into hydrophilic guide wires and hydrophobic guide wires. The hydrophilic guidewire segment is expected to grow at a higher CAGR than the hydrophobic guidewire segment during the forecast period from 2018 to 2030. This growth can be attributed to factors such as its lower friction coefficient compared with that of other materials used in guidewires, low profile design that allows it to negotiate tight turns without kinking or buckling, and ability to resist sticking when wetted with blood or saline solutions. Based on application, the global straight medical guide wire market is divided into peripheral artery disease (PAD) and cardiovascular diseases (CVDs).
Product Definition:
A straight medical guide wire is a metal wire that is inserted through a vein or artery to help direct other instruments during medical procedures. The wire may also be used to pull out blood clots or other objects from the vessel.
Hydrophilic Guide Wire:
Hydrophilic guide wire is a type of medical device used in angiography, cardiac electrophysiology testing, and other cardiovascular procedures. It is also known as the water-soluble or hydrogel guide wire. The hydrophilic property of the wire allows it to interact with water molecules present in tissue for enhanced accuracy during procedure.
The global straight medical guide wires market was valued at USD 1,Billion in 2015.
Hydrophobic Guide Wire:
Hydrophobic guide wire is a type of medical device used in angiography, cardiac electrophysiology testing, and during coronary interventions. It is designed to prevent blood clots from breaking off and traveling through the body. The hydrophobic guide wire works by creating a vacuum around itself which attracts all the liquid in the immediate vicinity including blood plasma, intercellular fluid or other liquids which prevents it from moving along with the electric current passed through it.
Application Insights:
The peripheral artery disease segment dominated the global straight medical guide wire market in 2017. This can be attributed to the increasing prevalence of PAD and other peripheral vascular diseases, which result in a high demand for angioplasty procedures. According to data published by the National Institute of Health, around 5-10% of adults aged over 50 years suffer from PAD. Moreover, as per European Society for Vascular Surgery (ESVS), around 60 million people across Europe have some form of vascular disease such as atherosclerosis or hardening/clogging of arteries which requires treatment with surgery or medication. Thus, growing awareness about these diseases coupled with rising incidence is expected to drive growth during the forecast period.
The cardiovascular diseases segment is expected to grow at a lucrative rate during the forecast period owing to an increase in patient base.
Regional Analysis:
North America dominated the global market in 2017 owing to a well-established healthcare sector and availability of advanced medical products. Moreover, increasing incidence of cardiovascular diseases and growing number of surgeries are also expected to drive the regional market over the forecast period.
Asia Pacific is anticipated to witness lucrative growth during the forecast period due to rising geriatric population, improving economic conditions, and rapid development in healthcare infrastructure. In addition, rising prevalence of diabetes is also expected fuel regional demand for GSWs during the forecast period.
Growth Factors:
- Increasing demand for minimally invasive surgeries: The global market for minimally invasive surgeries is expected to grow at a CAGR of 6.5% from 2016 to 2021. This growth can be attributed to the increasing preference for minimally invasive procedures over traditional open surgery, technological advancements in surgical instruments and devices, and rising healthcare costs. Straight medical guide wires are extensively used in minimally invasive surgeries as they provide accurate guidance through tortuous pathways and help reduce the risk of complications during surgery.
- Growing geriatric population: The global geriatric population is expected to grow at a CAGR of 8% from 2016 to 2021. This growth can be attributed to the increasing life expectancy due to advances in medical technology and rising awareness about health among the elderly population. As people age, they are more likely to suffer from chronic diseases such as heart disease, stroke, cancer, and arthritis which require treatment with surgical procedures using straight medical guide wires.
- Rising incidence of cardiovascular diseases: The incidence of cardiovascular diseases is on the rise globally due its association with lifestyle factors such as smoking, obesity, physical inactivity, and high blood pressure etcetera . According To World Health Organization (WHO), an estimated 17 million people died from cardiovascular diseases in 2012 accounting for 31% of all global deaths . This number is projectedto increaseto 23 million by 2030 .Straight medical guide wires are extensively used during cardiac interventions such as coronary angioplastyand stentingwhich helps
Scope Of The Report
Report Attributes
Report Details
Report Title
Straight Medical Guide Wire Market Research Report
By Type
Hydrophilic Guide Wire, Hydrophobic Guide Wire
By Application
Peripheral Artery Disease (PAD), Cardiovascular Diseases
By Companies
Terumo Medical, Abbott Vascular, Asahi, Boston Scientific Corporation, Cardinal, Integer, Medtronic, Cook Medical, TE Connectivity, Merit, Terumo Medical, Epflex, Shannon MicroCoil, Acme Monaco, Infiniti Medical, Custom Wire Technologies, Biotronik, Hanaco, Lepu Meidcal, Shenzhen Yixinda
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
149
Number of Tables & Figures
105
Customization Available
Yes, the report can be customized as per your need.
Global Straight Medical Guide Wire Market Report Segments:
The global Straight Medical Guide Wire market is segmented on the basis of:
Types
Hydrophilic Guide Wire, Hydrophobic Guide Wire
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
Peripheral Artery Disease (PAD), Cardiovascular Diseases
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:
- Terumo Medical
- Abbott Vascular
- Asahi
- Boston Scientific Corporation
- Cardinal
- Integer
- Medtronic
- Cook Medical
- TE Connectivity
- Merit
- Terumo Medical
- Epflex
- Shannon MicroCoil
- Acme Monaco
- Infiniti Medical
- Custom Wire Technologies
- Biotronik
- Hanaco
- Lepu Meidcal
- Shenzhen Yixinda
Highlights of The Straight Medical Guide Wire 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:
- Hydrophilic Guide Wire
- Hydrophobic Guide Wire
- By Application:
- Peripheral Artery Disease (PAD)
- Cardiovascular Diseases
- 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 Straight Medical Guide Wire 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?
Straight medical guide wire is a type of surgical wire that is used to create an incision in the body. It is made from a single, continuous strand of metal that has been twisted into a U-shape. This makes it easier to insert and remove during surgery, as well as reducing the risk of cross contamination.
Some of the key players operating in the straight medical guide wire market are Terumo Medical, Abbott Vascular, Asahi, Boston Scientific Corporation, Cardinal, Integer, Medtronic, Cook Medical, TE Connectivity, Merit, Terumo Medical, Epflex, Shannon MicroCoil, Acme Monaco, Infiniti Medical, Custom Wire Technologies, Biotronik, Hanaco, Lepu Meidcal, Shenzhen Yixinda.
The straight medical guide wire 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 Straight Medical Guide Wire 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 Straight Medical Guide Wire Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Straight Medical Guide Wire 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 Straight Medical Guide Wire 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 Straight Medical Guide Wire Market Size & Forecast, 2018-2028
4.5.1 Straight Medical Guide Wire Market Size and Y-o-Y Growth
4.5.2 Straight Medical Guide Wire Market Absolute $ Opportunity
Chapter 5 Global Straight Medical Guide Wire 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 Straight Medical Guide Wire Market Size Forecast by Type
5.2.1 Hydrophilic Guide Wire
5.2.2 Hydrophobic Guide Wire
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Straight Medical Guide Wire 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 Straight Medical Guide Wire Market Size Forecast by Applications
6.2.1 Peripheral Artery Disease (PAD)
6.2.2 Cardiovascular Diseases
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Straight Medical Guide Wire 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 Straight Medical Guide Wire 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 Straight Medical Guide Wire Analysis and Forecast
9.1 Introduction
9.2 North America Straight Medical Guide Wire 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 Straight Medical Guide Wire Market Size Forecast by Type
9.6.1 Hydrophilic Guide Wire
9.6.2 Hydrophobic Guide Wire
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 Straight Medical Guide Wire Market Size Forecast by Applications
9.10.1 Peripheral Artery Disease (PAD)
9.10.2 Cardiovascular Diseases
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 Straight Medical Guide Wire Analysis and Forecast
10.1 Introduction
10.2 Europe Straight Medical Guide Wire 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 Straight Medical Guide Wire Market Size Forecast by Type
10.6.1 Hydrophilic Guide Wire
10.6.2 Hydrophobic Guide Wire
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 Straight Medical Guide Wire Market Size Forecast by Applications
10.10.1 Peripheral Artery Disease (PAD)
10.10.2 Cardiovascular Diseases
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 Straight Medical Guide Wire Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Straight Medical Guide Wire 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 Straight Medical Guide Wire Market Size Forecast by Type
11.6.1 Hydrophilic Guide Wire
11.6.2 Hydrophobic Guide Wire
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 Straight Medical Guide Wire Market Size Forecast by Applications
11.10.1 Peripheral Artery Disease (PAD)
11.10.2 Cardiovascular Diseases
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 Straight Medical Guide Wire Analysis and Forecast
12.1 Introduction
12.2 Latin America Straight Medical Guide Wire 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 Straight Medical Guide Wire Market Size Forecast by Type
12.6.1 Hydrophilic Guide Wire
12.6.2 Hydrophobic Guide Wire
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 Straight Medical Guide Wire Market Size Forecast by Applications
12.10.1 Peripheral Artery Disease (PAD)
12.10.2 Cardiovascular Diseases
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) Straight Medical Guide Wire Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Straight Medical Guide Wire 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) Straight Medical Guide Wire Market Size Forecast by Type
13.6.1 Hydrophilic Guide Wire
13.6.2 Hydrophobic Guide Wire
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) Straight Medical Guide Wire Market Size Forecast by Applications
13.10.1 Peripheral Artery Disease (PAD)
13.10.2 Cardiovascular Diseases
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 Straight Medical Guide Wire Market: Competitive Dashboard
14.2 Global Straight Medical Guide Wire Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Terumo Medical
14.3.2 Abbott Vascular
14.3.3 Asahi
14.3.4 Boston Scientific Corporation
14.3.5 Cardinal
14.3.6 Integer
14.3.7 Medtronic
14.3.8 Cook Medical
14.3.9 TE Connectivity
14.3.10 Merit
14.3.11 Terumo Medical
14.3.12 Epflex
14.3.13 Shannon MicroCoil
14.3.14 Acme Monaco
14.3.15 Infiniti Medical
14.3.16 Custom Wire Technologies
14.3.17 Biotronik
14.3.18 Hanaco
14.3.19 Lepu Meidcal
14.3.20 Shenzhen Yixinda
