Vascular Guidewires Market Size & Share Analysis - Growth Trends & Forecasts (2023 - 2028)

The Vascular Guidewires Market is segmented by Product, Coating (Coated and Non-coated), Raw Material, and Geography.

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Vascular Guidewires Market Size

vascular guidewires market overview
Study Period: 2018 - 2028
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 0 %

Major Players

vascular guidewires market key players

*Disclaimer: Major Players sorted in no particular order
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Vascular Guidewires Market Analysis

The market studied is majorly driven by the factors, including a rising preference for minimally invasive surgeries, a growing burden of cardiovascular diseases, and technological advancements in guidewires.

  • Majorly, people opt for minimally invasive surgeries, as these cause less post-operative pain, and hence, patients receive smaller dosages of pain killers. Due to the minimal cuts or stitches, the duration of hospital stay becomes shorter, and hence patients need not visit the hospital frequently. Traditional open surgeries involve long incisions made through the muscles, and these muscles take a considerable amount of time to heal, whereas MIS procedures involve smaller incisions, leading to a quicker recovery. In addition, the body scars involved in MIS are barely noticeable. The main advantage of MIS over the traditional open surgeries is the higher precision due to video-assisted equipment, which produces a better and magnified image of the organs or body parts being operated. These surgeries are gaining wider acceptance among the geriatric population, due to the relatively shorter recovery time. As minimally invasive surgeries are carried out with the help of guidewires, the demand for guidewires is increasing. Thus, owing to the benefits associated with minimally invasive surgeries, the adoption rate is increasing, which may increase the overall growth of the market over the forecast period.

Vascular Guidewires Industry Segmentation

Guidewires are an integral part of vascular intervention. They are utilized to access target vessels, cross lesions, and deliver definitive interventional therapy.

By Product
Peripheral Guidewires
Coronary Guidewires
Urology Guidewires
Neurovascular Guidewires
By Coating
Coated
Non-coated
By Raw Material
Nitinol
Stainless Steel
Other Raw Materials
Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle-East and Africa
GCC
South Africa
Rest of Middle-East and Africa
South America
Brazil
Argentina
Rest of South America

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Vascular Guidewires Market Trends

This section covers the major market trends shaping the Vascular Guidewires Market according to our research experts:

Coronary Guidewires Dominate the Market

The coronary guidewires are the specialized devices that are designed to use in the angioplasty procedures to introduce and position balloon catheters and other devices within the coronary system. With the rising number of people falling prey to heart diseases, there has been a continuous development of novel devices to provide the best possible surgical experience to the doctors as well as the patients. The guidewires technology has evolved immensely since the past decade as cardiologists have advanced their practice to deal with much more complex disorders, mostly heart diseases.

With the focus of companies to develop technologically advanced guidewires and the rising death rate of heart diseases, it is believed that there will be increased demand for coronary guidewires in the future and the market will be witnessing high growth.

vascular guidewires market trends

North America to Hold the Largest Share of the Market

North America holds the major share for vascular guidewires market, and it is expected to show a similar trend over the forecast period. North America is anticipated to dominate the neurological guidewires market, globally. The factors attributed to the high growth of the region are the increasing number of neurological disorders and the growing adoption of minimally invasive surgeries in the region. More than 65 million American citizens suffer from lower back problems, every year. Neurosurgery and skull-based surgery are undergoing a paradigm shift. The physicians are using endoscopic techniques to visualize and excise lesions that were previously addressed through large, open surgeries that are augmenting the demand for guidewires across the region. Furthermore, advancements in various surgical devices from established key players, in the United States, are likely to drive the market growth in North America.

vascular guidewires market share

Vascular Guidewires Industry Overview

The market studied is moderately consolidated, owing to the presence of a few key players in the market. The companies are focusing on the technological advancement of devices, in order to gain significant market share. Some of the market players are Boston Scientific Corporation, Abbott Laboratories, Terumo Medical Corporation, B. Braun Melsungen AG, and Stryker Corporation.

Vascular Guidewires Market Leaders

  1. Boston Scientific Corporation

  2. Stryker Corporation

  3. Terumo Medical Corporation

  4. Abbott Laboratories

  5. B. Braun Melsungen AG

*Disclaimer: Major Players sorted in no particular order

Boston Scientific Corporation Stryker Corporation Terumo Medical Corporation Abbott Laboratories B. Braun Melsungen AG

Vascular Guidewires Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Rising Cardiovascular Disease Burden

      2. 4.2.2 Growing Preference for Minimally Invasive Surgeries

      3. 4.2.3 Technological Advancements in Guidewires

    3. 4.3 Market Restraints

      1. 4.3.1 Product Recalls

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Product

      1. 5.1.1 Peripheral Guidewires

      2. 5.1.2 Coronary Guidewires

      3. 5.1.3 Urology Guidewires

      4. 5.1.4 Neurovascular Guidewires

    2. 5.2 By Coating

      1. 5.2.1 Coated

      2. 5.2.2 Non-coated

    3. 5.3 By Raw Material

      1. 5.3.1 Nitinol

      2. 5.3.2 Stainless Steel

      3. 5.3.3 Other Raw Materials

    4. 5.4 Geography

      1. 5.4.1 North America

        1. 5.4.1.1 United States

        2. 5.4.1.2 Canada

        3. 5.4.1.3 Mexico

      2. 5.4.2 Europe

        1. 5.4.2.1 Germany

        2. 5.4.2.2 United Kingdom

        3. 5.4.2.3 France

        4. 5.4.2.4 Italy

        5. 5.4.2.5 Spain

        6. 5.4.2.6 Rest of Europe

      3. 5.4.3 Asia-Pacific

        1. 5.4.3.1 China

        2. 5.4.3.2 Japan

        3. 5.4.3.3 India

        4. 5.4.3.4 Australia

        5. 5.4.3.5 South Korea

        6. 5.4.3.6 Rest of Asia-Pacific

      4. 5.4.4 Middle-East and Africa

        1. 5.4.4.1 GCC

        2. 5.4.4.2 South Africa

        3. 5.4.4.3 Rest of Middle-East and Africa

      5. 5.4.5 South America

        1. 5.4.5.1 Brazil

        2. 5.4.5.2 Argentina

        3. 5.4.5.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Boston Scientific Corporation

      2. 6.1.2 Abbott Laboratories

      3. 6.1.3 Terumo Medical Corporation

      4. 6.1.4 Asahi Intecc Co. Ltd

      5. 6.1.5 Cardinal Health

      6. 6.1.6 B. Braun Melsungen AG

      7. 6.1.7 AngioDynamics

      8. 6.1.8 Medtronic PLC

      9. 6.1.9 Stryker Corporation

      10. 6.1.10 Cook Medical Incorporated

    2. *List Not Exhaustive

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
**Competitive Landscape Covers - Business Overview, Financials, Products and Strategies, and Recent Developments
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Vascular Guidewires Market Research FAQs

The Vascular Guidewires Market is studied from 2018 - 2028.

The Vascular Guidewires Market is growing at a CAGR of 0% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2018 - 2028.

North America holds highest share in 2021.

Boston Scientific Corporation, Stryker Corporation, Terumo Medical Corporation, Abbott Laboratories, B. Braun Melsungen AG are the major companies operating in Vascular Guidewires Market.

Vascular Guidewires Industry Report

Statistics for the 2023 Vascular Guidewires market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Vascular Guidewires analysis includes a market forecast outlook to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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