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Medical Guide Wire Market - Growth, Trends And Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players - Terumo Medical, Abbott Vascular, Asahi, Boston Scientific Corporation

02 Jan, 2020 | 122 Pages
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The Global Medical Guide Wire market size is projected to reach USD 1713.2 million by 2026, from USD 1235.7 million in 2020, at a CAGR of 5.9% during 2022-2027.



Medical Guide Wire Market Overview



The primary reason behind the growth in the market for medical guide wire market is a preference for minimally invasive surgeries over conventional open surgeries as it has several advantages such as higher safety and efficacy, shorter hospital stay, faster recovery for patients and greater affordability. Hence, healthcare professionals are looking for more efficient technologies in order to manage patients with targeted diseases such as oncology disorders, vascular diseases, cardiology diseases and more. Thus, the increasing pervasiveness of targeted diseases and growing attraction towards minimally invasive surgeries is boosting the market for guidewire market.



Furthermore, the growth of the guidewire market is fueled by the increasing number of laparoscopic cholecystectomy and bariatric surgeries. However, the factor that is expected to hinder the growth of the guidewire market is the high cost of surgical guidewire and usage of hybrid guidewire owing to its benefits like torque, tensile strength, columnar strength has more costing when compared to the conventional guidewire. Along with these elements, partial reimbursement coverage for minimally invasive surgeries in a few developed countries is expected to further hamper the growth of the market.



The report also assesses the key opportunities in the Medical Guide Wire market and outlines the factors that are and will be driving the growth of the industry. Growth of the overall global Medical Guide Wire Market has also been forecasted for the period 2021-2026, taking into consideration the previous growth patterns, the growth drivers and the current and future trends.



Medical Guide Wire Market Growth Drivers




  • Improving healthcare infrastructure and increasing medical expenditure by respective governments would support to setting up and usage of advance medical devices in medical institutions such as hospitals. 

  • Developing economies such as China, Brazil, India, Mexico, and South Africa have a large cardiovascular disease patient pool. These geographies characterize a big opportunity for guidewires manufacturers owing to high demand for diagnostic and interventional procedures.

  • Rise in healthcare expenditure in developing countries and improving reimbursement policies would encourage guidewires device manufacturers to enter into the market. 

  • Introducing advanced guidewire products and increasing their applications in surgical cardiovascular procedures would provide huge market growth opportunities.



Who are the Major Players in Medical Guide WireMarket?



Top Key players in the Medical Guide WireMarket have been identified through secondary research, and their market shares have been determined through primary and secondary research. The global Medical Guide Wire Market is fragmented with a large number of small players operating worldwide. The companies referred in the market research report includes Medtronic plc (Ireland), Boston Scientific Corporation (US), Cook Group (US), Asahi, Terumo Corporation (Japan), Abbott Laboratories (US), and Stryker Corporation (US) dominated the global guidewires market. The other key players operating in this market include Cardinal Health (US), Olympus Corporation (Japan), Johnson & Johnson (US), B. Braun Melsungen AG (Germany), C.R. Bard Inc. (US), Teleflex Incorporated (US), and Angiodynamics (US) and other.



Industry News and Updates



Feb. 23, 2022: Teleflex Receives FDA Clearance for Expanded Indication for Specialty Catheter and Coronary Guidewire Use in CTO PCI Procedures-- 

Teleflex Incorporated (NYSE: TFX), a leading global provider of medical technologies, today announced that the U.S. Food and Drug Administration (FDA) has cleared an expanded indication for its specialty catheters and coronary guidewires for use in crossing chronic total occlusion percutaneous coronary interventions (CTO PCI).



What are the major Applications, Types, and Regions for Medical Guide Wire Market?



Medical Guide Wire Market is segmented based on the type, applications, companies, and regions.



By Type, Medical Guide Wire Market has been segmented into 




  • Straight Medical Guide Wire

  • Angled Medical Guide Wire

  • J-Shape Medical Guide Wire



By Application, Medical Guide Wire Market has been segmented into




  • Peripheral Artery Disease (PAD)

  • Cardiovascular Diseases



Medical Guide Wire Market Regional Analysis



The report offers an in-depth assessment of the growth and other aspects of the Medical Guide Wire Market in important regions, including the U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, Taiwan, Southeast Asia, Mexico, and Brazil, etc. Key regions covered in the report are North America, Europe, Asia-Pacific and Latin America.



The Americas are expected to dominate the therapeutic medical guidewire market throughout the forecast period. This is due to an increase in the prevalence of chronic diseases, technological breakthroughs, a growing desire for minimally invasive procedures, and rising healthcare costs. According to the Centers for Disease Control and Prevention (CDC), chronic health disorders account for 86% of total yearly healthcare spending in the United States. During the projection period, the European therapeutic medical guidewire market is estimated to be the second-largest. The European therapeutic guidewire market has been driven by rising healthcare expenditure and increased government assistance for research and development.



Due to the continually changing healthcare sector and the presence of tremendous prospects for market development, Asia-Pacific is the fastest-growing therapeutic guide wire market. Furthermore, South Korea had a 15.5% market share in the Asia-Pacific area in 2018. Because of the existence of poor and slow developing countries, particularly in the African region, the Middle East and Africa has the smallest market share. Due to well-developed technology and large spending, the Middle East controls a significant portion of the regional market.



What is our Medical Guide Wire Market report scope?























































Report Attributes



Report Details



Forecast Period 2022 to 2027 CAGR



CAGR of 5.9% over the forecast period (2022-2027)



By Type




  • Straight Medical Guide Wire

  • Angled Medical Guide Wire

  • J-Shape Medical Guide Wire



By Application




  • Peripheral Artery Disease (PAD)

  • Cardiovascular Diseases



By Companies



Medtronic plc (Ireland), Boston Scientific Corporation (US), Cook Group (US), Asahi, Terumo Corporation (Japan), Abbott Laboratories (US), and Stryker Corporation (US) dominated the global guidewires market. The other key players operating in this market include Cardinal Health (US), Olympus Corporation (Japan), Johnson & Johnson (US), B. Braun Melsungen AG (Germany), C.R. Bard Inc. (US), Teleflex Incorporated (US), and Angiodynamics (US)



Regions Covered




  • North America

  • Europe

  • Asia-Pacific

  • Rest of the World



Countries Covered




  • US

  • Canada

  • Germany

  • France

  • UK

  • Italy

  • Spain

  • Rest of Europe

  • China

  • Japan

  • India

  • Australia

  • South Korea

  • Rest of Asia-Pacific

  • Middle East & Africa

  • Latin America



Base Year



2022



Historical Year



2017 to 2021



Forecast Year



2022 to 2027



Number of Pages



122



Customization Available



Yes, the report can be customized as per your needs




 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



Key Takeaways from this Medical Guide Wire Report




  • Evaluate Medical Guide Wire market potential through analyzing growth rates (CAGR %), Volume (Units), and Value ($M) data given at country level - for product types, end-use applications, and by different industry verticals.

  • Understand the different dynamics influencing the market - key driving factors, challenges, and hidden opportunities.

  • Get in-depth insights on your competitor's performance - market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.

  • Analyze the sales and distribution channels across key geographies to improve top-line revenues.

  • Understand the industry supply chain with a deep dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.

  • Get a quick outlook on the Medical Guide Wire market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.

  • Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the market.



Frequently Asked Questions



What is the growth rate of Medical Guide Wire Market?



The Medical Guide Wire Market is growing at a CAGR of 5.9% over the next 5 years.



Who are the key players in Medical Guide Wire Market?



Medtronic plc (Ireland), Boston Scientific Corporation (US), Cook Group (US), Asahi, Terumo Corporation (Japan), Abbott Laboratories (US), and Stryker Corporation (US) dominated the global guidewires market. The other key players operating in this market include Cardinal Health (US), Olympus Corporation (Japan), Johnson & Johnson (US), B. Braun Melsungen AG (Germany), C.R. Bard Inc. (US), Teleflex Incorporated (US), and Angiodynamics (US)



What are the significant types of Medical Guide Wire Market?



Straight Medical Guide Wire, Angled Medical Guide Wire, J-Shape Medical Guide Wire



What are the major end-use applications of Medical Guide Wire Market?



Peripheral Artery Disease (PAD), Cardiovascular Diseases



All our reports are customizable to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report to your needs.


  1. Medical Guide Wire Introduction and Market Overview

    1. Objectives of the Study

    2. Overview of Medical Guide Wire

    3. Scope of The Study

      1. Key Market Segments

      2. Players Covered

      3. COVID-19's impact on the Medical Guide Wire industry



    4. Methodology of The Study

    5. Research Data Source



  2. Executive Summary

    1. Market Overview

      1. Global Medical Guide Wire Market Size, 2017 to 2022

      2. Global Medical Guide Wire Market Size by Type, 2017 to 2022

      3. Global Medical Guide Wire Market Size by Application, 2017 to 2022

      4. Global Medical Guide Wire Market Size by Region, 2017 to 2022



    2. Business Environment Analysis

      1. Global COVID-19 Status and Economic Overview

      2. Influence of COVID-19 Outbreak on Medical Guide Wire Industry Development





  3. Industry Chain Analysis

    1. Upstream Raw Material Suppliers of Medical Guide Wire Analysis

    2. Major Players of Medical Guide Wire

    3. Medical Guide Wire Manufacturing Cost Structure Analysis

      1. Production Process Analysis

      2. Manufacturing Cost Structure of Medical Guide Wire

      3. Labor Cost of Medical Guide Wire



    4. Market Distributors of Medical Guide Wire

    5. Major Downstream Buyers of Medical Guide Wire Analysis

    6. The Impact of Covid-19 From the Perspective of Industry Chain

    7. Regional Import and Export Controls Will Exist for a Long Time

    8. Continued downward PMI Spreads Globally



  4. Global Medical Guide Wire Market, by Type

    1. Global Medical Guide Wire Value and Market Share by Type (2017 - 2022)

    2. Global Medical Guide Wire Production and Market Share by Type (2017 - 2022)

    3. Global Medical Guide Wire Value and Growth Rate by Type (2017 - 2022)

      1. Global Medical Guide Wire Value and Growth Rate of Straight Medical Guide Wire

      2. Global Medical Guide Wire Value and Growth Rate of Angled Medical Guide Wire

      3. Global Medical Guide Wire Value and Growth Rate of J-Shape Medical Guide Wire

      4. Global Medical Guide Wire Value and Growth Rate of Other



    4. Global Medical Guide Wire Price Analysis by Type (2017 - 2022)



  5. Medical Guide Wire Market, by Application

    1. Downstream Market Overview

    2. Global Medical Guide Wire Consumption and Market Share by Application (2017 - 2022)

    3. Global Medical Guide Wire Consumption and Growth Rate by Application (2017 - 2022)

      1. Peripheral Artery Disease (PAD) Global Medical Guide Wire Consumption and Growth Rate (2017-2022)

      2. Cardiovascular Diseases Global Medical Guide Wire Consumption and Growth Rate (2017-2022)





  6. Global Medical Guide Wire Market Analysis by Regions

    1. Global Medical Guide Wire Sales, Revenue and Market Share by Regions

      1. Global Medical Guide Wire Sales by Regions (2017 - 2022)

      2. Global Medical Guide Wire Revenue by Regions (2017 - 2022)



    2. North America Medical Guide Wire Sales and Growth Rate (2017 - 2022)

    3. Europe Medical Guide Wire Sales and Growth Rate (2017 - 2022)

    4. Asia-Pacific Medical Guide Wire Sales and Growth Rate (2017 - 2022)

    5. Middle East and Africa Medical Guide Wire Sales and Growth Rate (2017 - 2022)

    6. South America Medical Guide Wire Sales and Growth Rate (2017 - 2022)



  7. North America Medical Guide Wire Market Analysis by Countries

    1. The Influence of COVID-19 on North America Market

    2. North America Medical Guide Wire Sales, Revenue and Market Share by Countries

      1. North America Medical Guide Wire Sales by Countries (2017 - 2022)

      2. North America Medical Guide Wire Revenue by Countries (2017 - 2022



    3. United States Medical Guide Wire Sales and Growth Rate (2017 - 2022)

    4. Canada Medical Guide Wire Sales and Growth Rate (2017 - 2022)

    5. Mexico Medical Guide Wire Sales and Growth Rate (2017 - 2022)



  8. Europe Medical Guide Wire Market Analysis by Countries

    1. The Influence of COVID-19 on Europe Market

    2. Europe Medical Guide Wire Sales, Revenue and Market Share by Countries

      1. Europe Medical Guide Wire Sales by Countries (2017 - 2022)

      2. Europe Medical Guide Wire Revenue by Countries (2017 - 2022)



    3. Germany Medical Guide Wire Sales and Growth Rate (2017 - 2022)

    4. UK Medical Guide Wire Sales and Growth Rate (2017 - 2022)

    5. France Medical Guide Wire Sales and Growth Rate (2017 - 2022)

    6. Italy Medical Guide Wire Sales and Growth Rate (2017 - 2022)

    7. Spain Medical Guide Wire Sales and Growth Rate (2017 - 2022)

    8. Russia Medical Guide Wire Sales and Growth Rate (2017 - 2022)



  9. Asia Pacific Medical Guide Wire Market Analysis by Countries

    1. The Influence of COVID-19 on Asia Pacific Market

    2. Asia Pacific Medical Guide Wire Sales, Revenue and Market Share by Countries

      1. Asia Pacific Medical Guide Wire Sales by Countries (2017 - 2022)

      2. Asia Pacific Medical Guide Wire Revenue by Countries (2017 - 2022)



    3. China Medical Guide Wire Sales and Growth Rate (2017 - 2022)

    4. Japan Medical Guide Wire Sales and Growth Rate (2017 - 2022)

    5. South Korea Medical Guide Wire Sales and Growth Rate (2017 - 2022)

    6. India Medical Guide Wire Sales and Growth Rate (2017 - 2022)

    7. Southeast Asia Medical Guide Wire Sales and Growth Rate (2017 - 2022)

    8. Australia Medical Guide Wire Sales and Growth Rate (2017 - 2022)



  10. Middle East and Africa Medical Guide Wire Market Analysis by Countries

    1. The Influence of COVID-19 on Middle East and Africa Market

    2. Middle East and Africa Medical Guide Wire Sales, Revenue and Market Share by Countries

      1. Middle East and Africa Medical Guide Wire Sales by Countries (2017 - 2022)

      2. Middle East and Africa Medical Guide Wire Revenue by Countries (2017 - 2022)






  11. Application_List





    1. Saudi Arabia Medical Guide Wire Sales and Growth Rate (2017 - 2022)

    2. UAE Medical Guide Wire Sales and Growth Rate (2017 - 2022)

    3. Egypt Medical Guide Wire Sales and Growth Rate (2017 - 2022)

    4. Nigeria Medical Guide Wire Sales and Growth Rate (2017 - 2022)

    5. South Africa Medical Guide Wire Sales and Growth Rate (2017 - 2022)



  12. South America Medical Guide Wire Market Analysis by Countries

    1. The Influence of COVID-19 on Middle East and Africa Market

    2. South America Medical Guide Wire Sales, Revenue and Market Share by Countries

      1. South America Medical Guide Wire Sales by Countries (2017 - 2022)

      2. South America Medical Guide Wire Revenue by Countries (2017 - 2022)



    3. Brazil Medical Guide Wire Sales and Growth Rate (2017 - 2022)

    4. Argentina Medical Guide Wire Sales and Growth Rate (2017 - 2022)

    5. Columbia Medical Guide Wire Sales and Growth Rate (2017 - 2022)

    6. Chile Medical Guide Wire Sales and Growth Rate (2017 - 2022)



  13. Competitive Landscape

    1. Terumo Medical

      1. Terumo Medical Basic Information

      2. Medical Guide Wire Product Introduction

      3. Terumo Medical Production, Value, Price, Gross Margin 2017 - 2022



    2. Abbott Vascular

      1. Abbott Vascular Basic Information

      2. Medical Guide Wire Product Introduction

      3. Abbott Vascular Production, Value, Price, Gross Margin 2017 - 2022



    3. Asahi

      1. Asahi Basic Information

      2. Medical Guide Wire Product Introduction

      3. Asahi Production, Value, Price, Gross Margin 2017 - 2022



    4. Boston Scientific Corporation

      1. Boston Scientific Corporation Basic Information

      2. Medical Guide Wire Product Introduction

      3. Boston Scientific Corporation Production, Value, Price, Gross Margin 2017 - 2022



    5. Cardinal

      1. Cardinal Basic Information

      2. Medical Guide Wire Product Introduction

      3. Cardinal Production, Value, Price, Gross Margin 2017 - 2022



    6. Integer

      1. Integer Basic Information

      2. Medical Guide Wire Product Introduction

      3. Integer Production, Value, Price, Gross Margin 2017 - 2022



    7. Medtronic

      1. Medtronic Basic Information

      2. Medical Guide Wire Product Introduction

      3. Medtronic Production, Value, Price, Gross Margin 2017 - 2022



    8. Cook Medical

      1. Cook Medical Basic Information

      2. Medical Guide Wire Product Introduction

      3. Cook Medical Production, Value, Price, Gross Margin 2017 - 2022



    9. TE Connectivity

      1. TE Connectivity Basic Information

      2. Medical Guide Wire Product Introduction

      3. TE Connectivity Production, Value, Price, Gross Margin 2017 - 2022



    10. Merit

      1. Merit Basic Information

      2. Medical Guide Wire Product Introduction

      3. Merit Production, Value, Price, Gross Margin 2017 - 2022



    11. SP Medical

      1. SP Medical Basic Information

      2. Medical Guide Wire Product Introduction

      3. SP Medical Production, Value, Price, Gross Margin 2017 - 2022



    12. Epflex

      1. Epflex Basic Information

      2. Medical Guide Wire Product Introduction

      3. Epflex Production, Value, Price, Gross Margin 2017 - 2022



    13. Shannon MicroCoil

      1. Shannon MicroCoil Basic Information

      2. Medical Guide Wire Product Introduction

      3. Shannon MicroCoil Production, Value, Price, Gross Margin 2017 - 2022



    14. Acme Monaco

      1. Acme Monaco Basic Information

      2. Medical Guide Wire Product Introduction

      3. Acme Monaco Production, Value, Price, Gross Margin 2017 - 2022



    15. Infiniti Medical

      1. Infiniti Medical Basic Information

      2. Medical Guide Wire Product Introduction

      3. Infiniti Medical Production, Value, Price, Gross Margin 2017 - 2022



    16. Custom Wire Technologies

      1. Custom Wire Technologies Basic Information

      2. Medical Guide Wire Product Introduction

      3. Custom Wire Technologies Production, Value, Price, Gross Margin 2017 - 2022



    17. Biotronik

      1. Biotronik Basic Information

      2. Medical Guide Wire Product Introduction

      3. Biotronik Production, Value, Price, Gross Margin 2017 - 2022



    18. Hanaco

      1. Hanaco Basic Information

      2. Medical Guide Wire Product Introduction

      3. Hanaco Production, Value, Price, Gross Margin 2017 - 2022



    19. Lepu Meidcal

      1. Lepu Meidcal Basic Information

      2. Medical Guide Wire Product Introduction

      3. Lepu Meidcal Production, Value, Price, Gross Margin 2017 - 2022



    20. Shenzhen Yixinda

      1. Shenzhen Yixinda Basic Information

      2. Medical Guide Wire Product Introduction

      3. Shenzhen Yixinda Production, Value, Price, Gross Margin 2017 - 2022





  14. Industry Outlook

    1. Market Driver Analysis

      1. Market Restraints Analysis

      2. Market Trends Analysis



    2. Merger, Acquisition and New Investment

    3. News of Product Release



  15. Global Medical Guide Wire Market Forecast

    1. Global Medical Guide Wire Market Value & Volume Forecast, by Type (2022 - 2027)

      1. Global Medical Guide Wire Value and Growth Rate of Straight Medical Guide Wire

      2. Global Medical Guide Wire Value and Growth Rate of Angled Medical Guide Wire

      3. Global Medical Guide Wire Value and Growth Rate of J-Shape Medical Guide Wire



    2. Global Medical Guide Wire Market Value & Volume Forecast, by Application (2022 - 2027)

      1. Peripheral Artery Disease (PAD) Global Medical Guide Wire Consumption and Growth Rate (2022-2027)

      2. Cardiovascular Diseases Global Medical Guide Wire Consumption and Growth Rate (2022-2027)



    3. Medical Guide Wire Market Analysis and Forecast by Region

      1. North America Market Value and Consumption Forecast (2022 - 2027)

      2. Asia Pacific Market Value and Consumption Forecast (2022 - 2027)

      3. Middle East and Africa Market Value and Consumption Forecast (2022 - 2027)

      4. South America Market Value and Consumption Forecast (2022 - 2027)





  16. New Project Feasibility Analysis

    1. Industry Barriers and New Entrants SWOT Analysis

      1. Porter's Five Forces Analysis

      2. New Entrants SWOT Analysis



    2. Analysis and Suggestions on New Project Investment



SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.

PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.

MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.

EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.

REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.

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