Market Overview:
The global medical guide wire 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 prevalence of cardiovascular diseases and peripheral artery diseases, rising geriatric population, and technological advancements in medical guide wires. Based on type, the global medical guide wire market is segmented into straight medical guide wires, angled medical guide wires, and J-shape medical guide wires. The straight medialguide wire segment is expected to dominate the market during the forecast period owingto its low cost and easy availability. PAD is a common circulatory problem that affects millions of people worldwide each year. It occurs when there is narrowing or blockage in one or more arteries outside of the heart that supply blood flow to leg muscles.
Product Definition:
A medical guide wire is a thin, flexible wire that is inserted through a vein or artery to help guide other instruments during a medical procedure. The wire helps to keep the vessel open and prevents it from collapsing while the procedure is taking place.
Straight Medical Guide Wire:
Straight medical guide wire is a type of medical device used for the treatment of blood vessels. It's an instrument that consists of a metal wire with attached needle which is inserted into the blood vessel to block it and then, the wire is guided through till it comes out other side.
Angled Medical Guide Wire:
The Angled Medical Guide Wire is a device used to provide support and help in the positioning of medical devices during surgery. It is also used as an aid for navigation through small anatomy passageways. The product has applications in various fields such as neurosurgery, cardiovascular surgeries, orthopedic surgeries, abdominal laparoscopy and gynecology among others.
Application Insights:
Based on application, the global medical guide wire market is segmented into peripheral artery disease (PAD), cardiovascular diseases and others. The cardiovascular diseases segment dominated the overall market in terms of revenue in 2017. This can be attributed to increasing prevalence of cardiac disorders coupled with rising demand for interventional procedures such as catheter placement and stent implantation. According to a study published by NCBI, it is estimated that around 1 out of every 3 deaths occur due to Cardiovascular Diseases (CVDs) globally. Thus, increasing incidence rate coupled with high mortality rate associated with CVDs are expected to drive the demand for medical guidewires over the forecast period.
The PAD application segment is anticipated register significant growth over the forecast period owing to rising geriatric population across regions which increases risk of developing PAD along with other vascular conditions such as atherosclerosis.
Regional Analysis:
North America dominated the global market in 2017 owing to a well-established healthcare sector, high adoption of advanced technologies, and availability of skilled professionals. Moreover, increasing prevalence of cardiovascular diseases and peripheral artery disease (PAD) is expected to drive the regional demand for guide wires over the forecast period. In addition, rising number of clinical studies that require medical devices such as guide wires will further propel industry growth.
Asia Pacific is anticipated to witness lucrative growth during the forecast period due to factors such as improving healthcare infrastructure and growing patient awareness regarding early diagnosis & treatment options for CVDs & PADs. Furthermore, government initiatives encouraging R&D activities by private companies are also expected to boost revenue generation in this region over the next eight years.
Growth Factors:
- Increasing demand for minimally invasive surgeries: The global medical guide wire 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, reduced pain and blood loss, and faster recovery times.
- Technological advancements: The medical guide wire market is witnessing rapid technological advancements that are helping in the development of new products with enhanced features and capabilities. This is aiding in the growth of the market as it offers better treatment outcomes to patients.
- Rising prevalence of cardiovascular diseases: The prevalence of cardiovascular diseases (CVDs) is rising globally due to changing lifestyles and dietary habits, which is leading to an increase in demand for medical guide wires used in CVD treatments. This will help drive growth in this market during the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Medical Guide Wire Market Research Report
By Type
Straight Medical Guide Wire, Angled Medical Guide Wire, J-Shape Medical 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, SP 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
232
Number of Tables & Figures
163
Customization Available
Yes, the report can be customized as per your need.
Global Medical Guide Wire Market Report Segments:
The global Medical Guide Wire market is segmented on the basis of:
Types
Straight Medical Guide Wire, Angled Medical Guide Wire, J-Shape Medical 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
- SP Medical
- Epflex
- Shannon MicroCoil
- Acme Monaco
- Infiniti Medical
- Custom Wire Technologies
- Biotronik
- Hanaco
- Lepu Meidcal
- Shenzhen Yixinda
Highlights of The 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:
- Straight Medical Guide Wire
- Angled Medical Guide Wire
- J-Shape Medical 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 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?
Medical guide wire is a type of medical tubing that is used to help doctors and nurses deliver medical treatments. It is made from a variety of materials, including metal, plastic, and silicone. Medical guide wire can be used to connect different parts of the body together during surgery or other medical procedures.
Some of the major companies in the medical guide wire market are Terumo Medical, Abbott Vascular, Asahi, Boston Scientific Corporation, Cardinal, Integer, Medtronic, Cook Medical, TE Connectivity, Merit, SP Medical, Epflex, Shannon MicroCoil, Acme Monaco, Infiniti Medical, Custom Wire Technologies, Biotronik, Hanaco, Lepu Meidcal, Shenzhen Yixinda.
The medical guide wire market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Medical Guide Wire Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Medical Guide Wire Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Medical Guide Wire Market - Supply Chain
4.5. Global Medical Guide Wire Market Forecast
4.5.1. Medical Guide Wire Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Medical Guide Wire Market Size (000 Units) and Y-o-Y Growth
4.5.3. Medical Guide Wire Market Absolute $ Opportunity
5. Global Medical Guide Wire Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Medical Guide Wire Market Size and Volume Forecast by Type
5.3.1. Straight Medical Guide Wire
5.3.2. Angled Medical Guide Wire
5.3.3. J-Shape Medical Guide Wire
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Medical Guide Wire Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Medical Guide Wire Market Size and Volume Forecast by Application
6.3.1. Peripheral Artery Disease (PAD)
6.3.2. Cardiovascular Diseases
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Medical Guide Wire Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Medical Guide Wire Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Medical Guide Wire Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Medical Guide Wire Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Medical Guide Wire Demand Share Forecast, 2019-2026
9. North America Medical Guide Wire Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Medical Guide Wire Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Medical Guide Wire Market Size and Volume Forecast by Application
9.4.1. Peripheral Artery Disease (PAD)
9.4.2. Cardiovascular Diseases
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Medical Guide Wire Market Size and Volume Forecast by Type
9.7.1. Straight Medical Guide Wire
9.7.2. Angled Medical Guide Wire
9.7.3. J-Shape Medical Guide Wire
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Medical Guide Wire Demand Share Forecast, 2019-2026
10. Latin America Medical Guide Wire Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Medical Guide Wire Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Medical Guide Wire Market Size and Volume Forecast by Application
10.4.1. Peripheral Artery Disease (PAD)
10.4.2. Cardiovascular Diseases
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Medical Guide Wire Market Size and Volume Forecast by Type
10.7.1. Straight Medical Guide Wire
10.7.2. Angled Medical Guide Wire
10.7.3. J-Shape Medical Guide Wire
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Medical Guide Wire Demand Share Forecast, 2019-2026
11. Europe Medical Guide Wire Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Medical Guide Wire Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Medical Guide Wire Market Size and Volume Forecast by Application
11.4.1. Peripheral Artery Disease (PAD)
11.4.2. Cardiovascular Diseases
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Medical Guide Wire Market Size and Volume Forecast by Type
11.7.1. Straight Medical Guide Wire
11.7.2. Angled Medical Guide Wire
11.7.3. J-Shape Medical Guide Wire
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Medical Guide Wire Demand Share, 2019-2026
12. Asia Pacific Medical Guide Wire Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Medical Guide Wire Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Medical Guide Wire Market Size and Volume Forecast by Application
12.4.1. Peripheral Artery Disease (PAD)
12.4.2. Cardiovascular Diseases
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Medical Guide Wire Market Size and Volume Forecast by Type
12.7.1. Straight Medical Guide Wire
12.7.2. Angled Medical Guide Wire
12.7.3. J-Shape Medical Guide Wire
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Medical Guide Wire Demand Share, 2019-2026
13. Middle East & Africa Medical Guide Wire Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Medical Guide Wire Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Medical Guide Wire Market Size and Volume Forecast by Application
13.4.1. Peripheral Artery Disease (PAD)
13.4.2. Cardiovascular Diseases
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Medical Guide Wire Market Size and Volume Forecast by Type
13.7.1. Straight Medical Guide Wire
13.7.2. Angled Medical Guide Wire
13.7.3. J-Shape Medical Guide Wire
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Medical Guide Wire Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Medical Guide Wire Market: Market Share Analysis
14.2. Medical Guide Wire Distributors and Customers
14.3. Medical Guide Wire Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Terumo Medical
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Abbott Vascular
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Asahi
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Boston Scientific Corporation
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Cardinal
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Integer
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Medtronic
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Cook Medical
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. TE Connectivity
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Merit
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. SP Medical
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Epflex
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Shannon MicroCoil
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Acme Monaco
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Infiniti Medical
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Custom Wire Technologies
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Biotronik
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Hanaco
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Lepu Meidcal
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Shenzhen Yixinda
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
