Peripheral Guidewires Market Size - Growth by 2031
The Peripheral Guidewires Market is expected to register a CAGR of 5.8% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The report is segmented by Material (Stainless Steel, Nitinol, Hybrid). Futher, it is segmented based on Application (Diagnostic Guidewires, Interventional Guidewires). The global analysis is further broken-down at regional level and major countries. The report offers the value in USD for the above analysis and segments.
Purpose of the ReportThe report Peripheral Guidewires Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Peripheral Guidewires Market Segmentation
Material- Stainless Steel
- Nitinol
- Hybrid
- Diagnostic Guidewires
- Interventional Guidewires
Strategic Insights
Peripheral Guidewires Market Growth Drivers- Increasing Cardiovascular Diseases: Chief among these drivers is the increase in the prevalence of cardiovascular diseases. Growth in the demand for minimal invasiveness led healthcare providers to use guidewires to help guarantee success in catheter placements in vascular interventions, thereby promoting greater adoption and innovation in guidewire technologies.
- Advances in Medical Technology: Innovation in guidewire technology, which includes design and material advancements, has been contributing to market growth. Hydrophilic coatings, which increase flexibility and reduce procedural complications, improve both flexibility and fluidity. These innovations are attractive to providers because they make vascular interventions safer and faster, creating a demand for the latest guidewires.
- Demand for Minimally Invasive Procedures: The demand in the peripheral guidewires market is primarily observed with its alignment to minimally invasive surgery, especially with patients preferring shorter recovery periods and more significantly reduced risks associated with surgery. All these increase the adoption of guidewires in applications such as angioplasty and stenting. Therefore, with specialized guidewire products tailored to these applications, manufacturers will be encouraged to produce them.
- High-End Customization Trends: Peripheral guidewires show increasing trends regarding high-end customization. When manufacturers produce customized guidewires specific to anatomical and procedural needs, this improves the patient's outcome after treatment. It promotes better compatibility with myriad catheters and devices and ensures smooth as well as successful vascular interventions.
- Rising Popularity for Biodegradable Materials: A surge in interest is now exhibited in the employment of biodegradable materials in the design of peripheral guidewires. These materials reduce environmental footprint and promote patient safety because of minimizing the risks of complications months or years later. This trend has now become a lure for manufacturers and healthcare providers to see even more effective and sustainable medical solutions.
- Increased Use of Robotics in Interventional Procedures: The adoption of robotic systems in interventional procedures is revolutionizing the peripheral guidewires market. Robotics increases precision and control in vascular interventions, thereby better annualization of guidewires, enhancing the demand for the specialized guidewires compatible with technologies of robotic-assisted equipment, further improving the procedural outcome.
- Expanding Applications in Peripheral Interventions: Emerging opportunities in the market for peripheral guidewires will find expanded applications in various vascular interventions. If treatments of peripheral artery disease and other vascular diseases become more widely accepted, it would expand the market for customized guidewires developed for those applications, thereby driving innovation and expansion of the market.
- Next Generation Guidewires: Next-generation guidewires are a tremendous market opportunity. Flexibility, durability, and ability-based tracking guidewires are required in that space. Opportunities exist for those companies that invest R&D dollars in advanced materials and designs to gain the market, serve the evolving needs of healthcare professionals, and thereby produce better patient care outcomes.
- Healthcare Infrastructure Upgradation: Healthcare infrastructure in emerging markets will grow. The peripheral guidewires market has a potential opportunity due to the growth in healthcare infrastructure. As hospitals and clinics begin to develop minimally invasive procedures, the need for more advanced guidewire technologies will grow. Such investment will mean much broader access to essential medical services and better care for patients.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Peripheral Guidewires Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Peripheral Guidewires Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
Have a question?
Mrinal
Mrinal will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
The increasing cardiovascular diseases and demand for minimally invasive procedures are the major factors boosting the peripheral guidewires market growth.
The peripheral guidewires market is expected to grow at a CAGR of 5.8%.
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2023 - 2031).
North America region accounts for highest revenue share in peripheral guidewires market.
The final report will duly include market size and projection estimates for all the segments from 2021 to 2031, along with a revenue share and compound annual growth rate (%) for the regional/country-wise market wherein 2021-2022 are the historic years, 2023 is considered to be the base year, and the forecast will be provided till 2031, along with CAGR (%).
Abbott Vascular, Boston Scientific Corporation, and CONMED Corporation are the major companies operating in the peripheral guidewires market.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Peripheral Guidewires Market - By Material
1.3.2 Peripheral Guidewires Market - By Application
1.3.3 Peripheral Guidewires Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. PERIPHERAL GUIDEWIRES MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. PERIPHERAL GUIDEWIRES MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. PERIPHERAL GUIDEWIRES MARKET - GLOBAL MARKET ANALYSIS
6.1. PERIPHERAL GUIDEWIRES - GLOBAL MARKET OVERVIEW
6.2. PERIPHERAL GUIDEWIRES - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. PERIPHERAL GUIDEWIRES MARKET - REVENUE AND FORECASTS TO 2028 - MATERIAL
7.1. OVERVIEW
7.2. MATERIAL MARKET FORECASTS AND ANALYSIS
7.3. STAINLESS STEEL
7.3.1. Overview
7.3.2. Stainless Steel Market Forecast and Analysis
7.4. NITINOL
7.4.1. Overview
7.4.2. Nitinol Market Forecast and Analysis
7.5. HYBRID
7.5.1. Overview
7.5.2. Hybrid Market Forecast and Analysis
8. PERIPHERAL GUIDEWIRES MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. DIAGNOSTIC GUIDEWIRES
8.3.1. Overview
8.3.2. Diagnostic Guidewires Market Forecast and Analysis
8.4. INTERVENTIONAL GUIDEWIRES
8.4.1. Overview
8.4.2. Interventional Guidewires Market Forecast and Analysis
9. PERIPHERAL GUIDEWIRES MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Peripheral Guidewires Market Overview
9.1.2 North America Peripheral Guidewires Market Forecasts and Analysis
9.1.3 North America Peripheral Guidewires Market Forecasts and Analysis - By Material
9.1.4 North America Peripheral Guidewires Market Forecasts and Analysis - By Application
9.1.5 North America Peripheral Guidewires Market Forecasts and Analysis - By Countries
9.1.5.1 United States Peripheral Guidewires Market
9.1.5.1.1 United States Peripheral Guidewires Market by Material
9.1.5.1.2 United States Peripheral Guidewires Market by Application
9.1.5.2 Canada Peripheral Guidewires Market
9.1.5.2.1 Canada Peripheral Guidewires Market by Material
9.1.5.2.2 Canada Peripheral Guidewires Market by Application
9.1.5.3 Mexico Peripheral Guidewires Market
9.1.5.3.1 Mexico Peripheral Guidewires Market by Material
9.1.5.3.2 Mexico Peripheral Guidewires Market by Application
9.2. EUROPE
9.2.1 Europe Peripheral Guidewires Market Overview
9.2.2 Europe Peripheral Guidewires Market Forecasts and Analysis
9.2.3 Europe Peripheral Guidewires Market Forecasts and Analysis - By Material
9.2.4 Europe Peripheral Guidewires Market Forecasts and Analysis - By Application
9.2.5 Europe Peripheral Guidewires Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Peripheral Guidewires Market
9.2.5.1.1 Germany Peripheral Guidewires Market by Material
9.2.5.1.2 Germany Peripheral Guidewires Market by Application
9.2.5.2 France Peripheral Guidewires Market
9.2.5.2.1 France Peripheral Guidewires Market by Material
9.2.5.2.2 France Peripheral Guidewires Market by Application
9.2.5.3 Italy Peripheral Guidewires Market
9.2.5.3.1 Italy Peripheral Guidewires Market by Material
9.2.5.3.2 Italy Peripheral Guidewires Market by Application
9.2.5.4 Spain Peripheral Guidewires Market
9.2.5.4.1 Spain Peripheral Guidewires Market by Material
9.2.5.4.2 Spain Peripheral Guidewires Market by Application
9.2.5.5 United Kingdom Peripheral Guidewires Market
9.2.5.5.1 United Kingdom Peripheral Guidewires Market by Material
9.2.5.5.2 United Kingdom Peripheral Guidewires Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Peripheral Guidewires Market Overview
9.3.2 Asia-Pacific Peripheral Guidewires Market Forecasts and Analysis
9.3.3 Asia-Pacific Peripheral Guidewires Market Forecasts and Analysis - By Material
9.3.4 Asia-Pacific Peripheral Guidewires Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Peripheral Guidewires Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Peripheral Guidewires Market
9.3.5.1.1 Australia Peripheral Guidewires Market by Material
9.3.5.1.2 Australia Peripheral Guidewires Market by Application
9.3.5.2 China Peripheral Guidewires Market
9.3.5.2.1 China Peripheral Guidewires Market by Material
9.3.5.2.2 China Peripheral Guidewires Market by Application
9.3.5.3 India Peripheral Guidewires Market
9.3.5.3.1 India Peripheral Guidewires Market by Material
9.3.5.3.2 India Peripheral Guidewires Market by Application
9.3.5.4 Japan Peripheral Guidewires Market
9.3.5.4.1 Japan Peripheral Guidewires Market by Material
9.3.5.4.2 Japan Peripheral Guidewires Market by Application
9.3.5.5 South Korea Peripheral Guidewires Market
9.3.5.5.1 South Korea Peripheral Guidewires Market by Material
9.3.5.5.2 South Korea Peripheral Guidewires Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Peripheral Guidewires Market Overview
9.4.2 Middle East and Africa Peripheral Guidewires Market Forecasts and Analysis
9.4.3 Middle East and Africa Peripheral Guidewires Market Forecasts and Analysis - By Material
9.4.4 Middle East and Africa Peripheral Guidewires Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Peripheral Guidewires Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Peripheral Guidewires Market
9.4.5.1.1 South Africa Peripheral Guidewires Market by Material
9.4.5.1.2 South Africa Peripheral Guidewires Market by Application
9.4.5.2 Saudi Arabia Peripheral Guidewires Market
9.4.5.2.1 Saudi Arabia Peripheral Guidewires Market by Material
9.4.5.2.2 Saudi Arabia Peripheral Guidewires Market by Application
9.4.5.3 U.A.E Peripheral Guidewires Market
9.4.5.3.1 U.A.E Peripheral Guidewires Market by Material
9.4.5.3.2 U.A.E Peripheral Guidewires Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Peripheral Guidewires Market Overview
9.5.2 South and Central America Peripheral Guidewires Market Forecasts and Analysis
9.5.3 South and Central America Peripheral Guidewires Market Forecasts and Analysis - By Material
9.5.4 South and Central America Peripheral Guidewires Market Forecasts and Analysis - By Application
9.5.5 South and Central America Peripheral Guidewires Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Peripheral Guidewires Market
9.5.5.1.1 Brazil Peripheral Guidewires Market by Material
9.5.5.1.2 Brazil Peripheral Guidewires Market by Application
9.5.5.2 Argentina Peripheral Guidewires Market
9.5.5.2.1 Argentina Peripheral Guidewires Market by Material
9.5.5.2.2 Argentina Peripheral Guidewires Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. PERIPHERAL GUIDEWIRES MARKET, KEY COMPANY PROFILES
11.1. ABBOTT VASCULAR
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. BOSTON SCIENTIFIC CORPORATION
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. CONMED CORPORATION
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. CARDINAL HEALTH INC.
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. STRYKER CORPORATION
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. MEDTRONIC PLC
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. B. BRAUN MELSUNGEN AG
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. COOK MEDICAL LLC
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. TERUMO CORPORATION
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. ASAHI INTECC CO. LTD
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Abbott Vascular
2. Boston Scientific Corporation
3. CONMED Corporation
4. Cardinal Health Inc.
5. Stryker Corporation
6. Medtronic PLC
7. B. Braun Melsungen AG
8. Cook Medical LLC
9. Terumo Corporation
10. Asahi Intecc Co. Ltd
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
Get Free Sample For