The latest report by IMARC Group, titled “Guidewires Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032“, offers a comprehensive analysis of the industry, which comprises insights on the global guidewires market trends. The global market size reached US$ 1.1 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 1.5 Million by 2032, exhibiting a growth rate (CAGR) of 3.71% during 2024-2032.
Guidewires are thin and stretchable tubes used for introducing, guiding, and inserting medical devices inside the body of a patient. They are manufactured using stainless steel, nitinol, palladium, bimetal, platinum, tungsten, and polymers that exhibit excellent tensile and torque strength, resistance to fatigue, and durability. They are commonly used in angiography, interventional radiology, and cardiology procedures. They are also used to conduct vascular interventions and minimally invasive (MI) surgeries.
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Guidewires Market Trends and Drivers:
The increasing geriatric population, who are more susceptible to developing chronic disorders, represents one of the key factors driving the market. In addition to this, the rising number of surgeries and the growing individual preference toward minimally invasive (MI) surgeries are creating a positive outlook for the market. Furthermore, the increasing utilization of nitinol materials for manufacturing guidewires with enhanced steerability, biocompatibility, and elasticity are positively influencing the market. Moreover, the development of technologically advanced guidewires with superior lesion access and better visibility is anticipated to strengthen the market growth.
Report Segmentation:
The report has segmented the market into the following categories:
Breakup by Product:
- Surgical Guidewires
- Hydrophilic Surgical Guidewires
- Hydrophobic Surgical Guidewires
- Diagnostic Guidewires
- Hydrophilic Diagnostic Guidewires
- Hydrophobic Diagnostic Guidewires
Breakup by Material:
- Nitinol
- Stainless Steel
- Others
Breakup by Application:
- Coronary
- Neurovascular
- Urology
- Others
Breakup by End User:
- Hospitals, Diagnostic Centers and Surgical Centers
- Ambulatory Care Centers (ACC)
- Others
Breakup by Region:
- North America (U.S. Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
- Latin America (Brazil, Mexico)
- Middle East Africa
Competitors Landscape with Key Players:
- Abbott Laboratories
- AngioDynamics Inc.
- ASAHI INTECC Co., Ltd.
- B. Braun (B. Braun Holding GmbH & Co. KG)
- Boston Scientific
- C. R. Bard Inc. (Becton, Dickinson and Company)
- Cardinal Health
- Cook Medical Incorporated (Cook Group)
- Johnson & Johnson
- Medtronic Plc
- Merit Medical Systems Inc.
- Olympus Corporation
- Stryker Corporation
- Teleflex Medical Inc.
- Terumo Corporation.
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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