A guidewire is a long and flexible spring that assists the introduction and placement of implantable medical devices into a patient's body. This report focuses on coronary guide wire and peripheral guide wire, used for cardiovascular diseases, peripheral artery disease (PAD), peripheral vascular diseases (PVDs), abdominal aortic aneurysms (AAA) and carotid artery stenosis (CAS). Peripheral guidewires have multiple layers which includes central core, distal tip and outer coating. Central core is generally made up of stainless steel or Nitinol which posses’ superior torque characteristics. Distal tip has variable length and it is made up of radio-opaque material e.g. platinum or iridium alloys and provides flexibility during operations. Peripheral guidewires are coated with a polymer, such as silicone or polytetrafluoroethylene (PTFE), to increase lubricity. Peripheral guidewires are used during the percutaneous transluminal angioplasty and angiography for guiding the stents or catheters to the site of action in the peripheral vasculature. Peripheral guidewire market is mainly driven by increasing demand for minimally invasive surgeries. Other important factor that propels the market growth is increasing worldwide geriatric population. Moreover, growing incidences of neurological, cardiovascular and urology disorders also fuel the market growth. It is important for patients to fully understand the risks of the procedure undergoing laparoscopy and other cardiovascular, neurovascular surgeries. Some risk factors associated with of minimally invasive surgery and preference given to open surgery may hamper the growth of this market.
This report contains market size and forecasts of Guide Wires in global, including the following market information:
Global Guide Wires Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Guide Wires Market Sales, 2017-2022, 2023-2028, (K Units)
Global top five Guide Wires companies in 2021 (%)
The global Guide Wires market was valued at 1216.2 million in 2021 and is projected to reach US$ 1926.9 million by 2028, at a CAGR of 6.8% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Angled Guide Wires Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Guide Wires include Terumo Medical, Abbott Vascular, Asahi, Boston Scientific Corporation, Cardinal (Cordis), Integer (Lake Region), Medtronic, Cook Medical and TE Connectivity (AdvancedCath), etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Guide Wires manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Guide Wires Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Guide Wires Market Segment Percentages, by Type, 2021 (%)
Angled Guide Wires
J Shape Guide Wires
Straight Guide Wires
Global Guide Wires Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Guide Wires Market Segment Percentages, by Application, 2021 (%)
Interventional
Diagnostics
Global Guide Wires Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Guide Wires Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Guide Wires revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Guide Wires revenues share in global market, 2021 (%)
Key companies Guide Wires sales in global market, 2017-2022 (Estimated), (K Units)
Key companies Guide Wires sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Terumo Medical
Abbott Vascular
Asahi
Boston Scientific Corporation
Cardinal (Cordis)
Integer (Lake Region)
Medtronic
Cook Medical
TE Connectivity (AdvancedCath)
Merit Medical Systems
SP Medical
Epflex
Shannon MicroCoil
Acme Monaco
Infiniti Medical
Custom Wire Technologies
Biotronik
Hanaco
Lepu Meidcal
Shenzhen Yixinda