Guidewires Market - Industry Analysis, Size, Share, Growth, Trends and Forecast to 2025

GUIDEWIRES MARKET
Global Industry Insights, Trends, Outlook, and
Opportunity Analysis, 2017-2025
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REPORT DESCRIPTION
Guidewires Market Overview
Guidewires are flexible and thin tubes that guide a catheter for placement in the diseased
organ. Guidewires are used to open the target vessels, cross lesions and provide definitive
interventional therapy to patients. Guidewires are the crucial components of vascular
intervention with indispensable uses in the field of minimally invasive surgeries due to its
capacity of rendering precise and effective results. Guidewires are of several types as various
clinical presentations need different device features. An appropriate guidewire for a particular
condition can improve device delivery, enhance crossing success, restrict expenses and limit the
risk of vascular injury. Guidewires are mainly manufactured from stainless steel with an elastic
coil tip to prevent blood vessel from damage. The guidewires are reusable products in nature
with low cost stainless steel mainly used as a raw material by manufacturers. A robust range of
wire configurations and tip shapes makes it possible for healthcare professionals in choosing the
right tool for surgical procedures. Biomechanical properties of the guidewires in the medical
device industry contributes to its rapid growth.
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REPORT DESCRIPTION
Extensive use of guidewires in surgical interventions is expected to fuel the growth of guidewires
market
According to the Journal of American College of Cardiology, an estimated 422.7 million prevalent cases
of cardiovascular diseases were recorded globally in 2015, with 8.9 million deaths observed due to
Ischemic Heart Disease (IHD). The higher occurrence of cardiovascular diseases is attributed to the shift
in lifestyle habits including dietary irregularities and smoking which results in growing incidences of
obesity, thus resulting in the global guidewires market demand. Also, the demand for guidewires is
increasing by the rise in patient awareness about the advantages of minimally invasive procedures like
decreased traumatic surgical experience, faster recovery, fewer post-surgery complications, reduced
incision wounds and higher patient satisfaction. Additionally, growing acceptance of guidewires among
medical practitioners, rising research and development investments and surging number of market
entrants are the factors propelling guidewires market. Growing use of guidewires for diagnostic and
interventional purposes of cardiological diseases is expected to stimulate guidewires market over the
forecast period.
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REPORT DESCRIPTION
The rise of peripheral vascular diseases fuels the guidewires market in Asia Pacific
Regional segmentation of the global guidewires market by Coherent Market Insights comprises North
America, Europe, Asia-Pacific, Latin America, Middle East, and Africa. According to Centre for Disease
Control and Prevention in 2016, approximately 8.5 million people in the U.S. have peripheral artery
disease and is expected to reach 19 million by 2050. Thus, North America holds a dominant position in
the global guidewires market. The major driving factors for the growth of the guidewires market in
North America, include rise in lifestyle diseases such as heart attack, strokes, myocardial infarction,
ischemic stroke, atherosclerosis and neuro vascular diseases. Asia Pacific market is developing at a
rapid rate owing to economic development, improving healthcare amenities and government
initiatives in the emerging economies. Also, a large group of patients suffering from peripheral
vascular diseases leads to an increase in the endovascular procedures in densely populated countries
of India and China.
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Rapid technological advancements like navigation with a magnetic guidewire is expected to
created immense growth opportunities for industry participants
Key players operating the guidewires market are Boston Scientific Corporation, ASAHI INTECC
Inc., Cordis Corporation and C.R. Bard. The launch of Glidewire product by Terumo is rapidly
gaining popularity in the global market owing to its higher efficiency in vascular access and
coronary intervention procedures. Other leading vendors have adopted technological
innovation and advancements for manufacturing novel guidewires in terms of flexibility,
construction and tip retention are Terumo Corporation, Medtronic Inc., Abbott Laboratories,
Covidienplc, Braun Melsungen and Cook Medical.
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Guidewires are flexible and thin tubes that guide a catheter for placement in the diseased organ. Guidewires are used to open the target vessels, cross lesions and provide definitive interventional therapy to patients. Guidewires are the crucial components of vascular intervention with indispensable uses in the field of minimally invasive surgeries due to its capacity of rendering precise and effective results. Guidewires are of several types as various clinical presentations need different device features. An appropriate guidewire for a particular condition can improve device delivery, enhance crossing success, restrict expenses and limit the risk of vascular injury. Guidewires are mainly manufactured from stainless steel with an elastic coil tip to prevent blood vessel from damage. The guidewires are reusable products in nature with low cost stainless steel mainly used as a raw material by manufacturers. A robust range of wire configurations and tip shapes makes it possible for healthcare professionals in choosing the right tool for surgical procedures. Biomechanical properties of the guidewires in the medical device industry contributes to its rapid growth.