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.
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Guidewires market
1. Guidewires Market - Global Industry Insights, Trends,
Outlook, and Opportunity Analysis, 2017–2025
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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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
2. 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.
Coronary guidewires are largely used guidewires owing to the high volumes of minimally invasive
coronary procedures
The global guidewires market is segmented on the basis of product type, application, end user and
geography.
On the basis of product type, the global guidewires market is segmented into:
Stainless Steel Guidewires
Nitinol Guidewires
Hybrid Guidewires
On the basis of application, the global guidewires market is segmented into
Interventional cardiology
Infusion therapy
Vascular access
Interventional neuroradiology
Endourology
3. Gastroenterology
On the basis of end user, the global guidewires market is segmented into:
Hospitals
Ambulatory Surgical Centers
Others
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.
Rapid technological advancements like navigation with a magnetic guidewire is expected to created
immense growth opportunities for industry participants
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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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