HOME Top Market Reports Guidewires Market by Material (Nitinol, Stainless Steel, Hybrid), Product (Surgical, Diagnostic (Hydrophilic, Hydrophobic)), Application (Cardiology, Vascular, Neurology, GIT, ENT, Urology, Oncology), End User (Hospital, ASCs) - Global Forecast to 2022

Guidewires Market by Material (Nitinol, Stainless Steel, Hybrid), Product (Surgical, Diagnostic (Hydrophilic, Hydrophobic)), Application (Cardiology, Vascular, Neurology, GIT, ENT, Urology, Oncology), End User (Hospital, ASCs) - Global Forecast to 2022

By: marketsandmarkets.com
Publishing Date: February 2018
Report Code: MD 5983

 

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The global guidewire market is projected to reach USD 764.0 Million by 2022 from USD 582.5 Million in 2016, at a CAGR of 4.8%.

Years considered for the study are as follows:

  • Base Year: 2016
  • Forecast Period: 2017–2022

Objectives of the study are:

  • To define, describe, segment, and forecast the guidewire market on the basis of material, product, application, end user, and region
  • To provide detailed information regarding the major factors influencing global guidewires market growth (drivers, restraints, opportunities, and challenges)
  • To strategically analyze micromarkets with respect to individual growth trends, prospects, and contributions to the global guidewires market
  • To analyze growth opportunities in the global guidewire market for key stakeholders and provide details of the competitive landscape for leading market players
  • To forecast the size of market segments with respect to four main regions, namely, North America, Europe, Asia Pacific, and the Rest of the World (RoW)
  • To profile the key market players active in the global guidewires industry and comprehensively analyze their market shares and core competencies
  • To track and analyze competitive developments such as product developments & commercialization, acquisitions, market expansions, and agreements & collaborations in the guidewire market

This research study involves the extensive usage of secondary sources, directories, and databases, in order to identify and collect information useful for this technical, market-oriented, and financial study of the guidewire market. In-depth interviews were conducted with various primary respondents, including subject-matter experts (SMEs), C-level executives of key market players, and industry consultants to obtain and verify qualitative and quantitative information and to assess market prospects.

Guidewires Market

To know about the assumptions considered for the study, download the pdf brochure

In 2016, Boston Scientific (US), Abbott Laboratories (US), Medtronic (Ireland), Terumo Corporation (Japan), and Cook Group (US) held the leading position in the global guidewires market. In the past three years, these companies adopted product developments & commercialization, acquisitions, market expansions, and agreements & collaborations as their key business strategies to ensure market dominance. Cardinal Health (US), Olympus (Japan), Johnson & Johnson (US), B. Braun (Germany), and C.R. Bard (US) are some of the other major players in this market.

Stakeholders

  • Original equipment manufacturers (OEMs)
  • Product sales and distribution companies
  • Healthcare service providers (such as hospitals, diagnostic, and surgical centers)
  • Non-government organizations
  • Government regulatory authorities
  • Research laboratories and academic institutes
  • Clinical research organizations (CROs)
  • Research and development companies
  • Market research and consulting firms

Scope of the Report

This report categorizes the global guidewire market into the following segments and subsegments:

Global Guidewire Market, by Material

  • Nitinol Guidewires
  • Stainless Steel Guidewires
  • Hybrid Guidewires

Global Guidewire Market, by Product

  • Surgical Guidewires
  • Hydrophilic Surgical Guidewires
  • Hydrophobic Surgical Guidewires
  • Diagnostic Guidewires
  • Hydrophilic Diagnostic Guidewires
  • Hydrophobic Diagnostic Guidewires

Global Guidewire market, by Application

  • Cardiology
  • Vascular
  • Neurology
  • Urology
  • Gastroenterology
  • Oncology
  • Otolaryngology

Global Guidewire market, by End User

  • Hospitals, Diagnostic Centers & Surgical Centers
  • Ambulatory Care Centers
  • Research Laboratories & Academic Institutes

Global Guidewire Market, by Region

  • North America
    • US
    • Canada
  • Europe
    • Germany
    • France
    • UK
    • RoE
  • Asia Pacific
    • Japan
    • China
    • India
    • RoAPAC
  • Rest of the World (RoW)

Available Customizations

With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to 5)

Geographic Analysis

  • Further breakdown of the regional guidewires market into countries:
  • RoW into Latin America, the Middle East, and Africa.

Table of Contents

1 Introduction (Page No. - 14)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Markets Covered
           1.3.1 Research Scope
           1.3.2 Geographic Scope
           1.3.3 Years Considered for the Study
    1.4 Currency
    1.5 Stakeholders

2 Research Methodology (Page No. - 18)
    2.1 Research Data
           2.1.1 Secondary Data
           2.1.2 Primary Data
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
           2.2.3 Epidemiology-Based Approach
    2.3 Market Breakdown and Data Triangulation
    2.4 Research Assumptions
    2.5 Research Limitations

3 Executive Summary (Page No. - 27)

4 Premium Insights (Page No. - 33)
    4.1 Guidewire Market Overview
    4.2 Regional Analysis: Guidewires Market, By Product
    4.3 Regional Analysis: Guidewire Market, By End User
    4.4 Asia Pacific: Guidewires Market Size, By Material
    4.5 Guidewire Market, By Country

5 Market Overview (Page No. - 38)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Increasing Target Disease Incidence
                    5.2.1.2 Continuous Product Launches By Major Manufacturers
                    5.2.1.3 Favorable Medical Reimbursements for Guidewires in Developed Countries
                    5.2.1.4 Rising Adoption of Minimally Invasive Surgical Procedures Across Major Countries
                    5.2.1.5 Increasing Applications of Guidewires
           5.2.2 Restraints
                    5.2.2.1 High Cost of Surgical Guidewires
                    5.2.2.2 Spending Cuts & Excise Duties
           5.2.3 Opportunities
                    5.2.3.1 Government Initiatives to Control the Burden of Healthcare-Associated Infections (HAIS) in Developed Countries
                    5.2.3.2 Increasing Healthcare Expenditure Across Emerging Markets
           5.2.4 Challenges
                    5.2.4.1 Dearth of Skilled Surgeons to Conduct Minimally Invasive Surgeries
    5.3 Key Industry Trends
           5.3.1 Strengthening Distribution Capabilities of Major Oems
           5.3.2 Ongoing Consolidation of Healthcare Providers in Europe

6 Guidewire Market, By Material (Page No. - 47)
    6.1 Introduction
    6.2 Nitinol Guidewires
    6.3 Stainless Steel Guidewires
    6.4 Hybrid Guidewires

7 Guidewire Market, By Product (Page No. - 57)
    7.1 Introduction
    7.2 Surgical Guidewires
           7.2.1 Hydrophilic Surgical Guidewires
           7.2.2 Hydrophobic Surgical Guidewires
    7.3 Diagnostic Guidewires
           7.3.1 Hydrophilic Diagnostic Guidewires
           7.3.2 Hydrophobic Diagnostic Guidewires

8 Guidewire Market, By Application (Page No. - 67)
    8.1 Introduction
    8.2 Cardiology Applications
    8.3 Vascular Applications
    8.4 Neurology Applications
    8.5 Urology Applications
    8.6 Gastroenterology Applications
    8.7 Oncology Applications
    8.8 Otolaryngology Applications

9 Guidewires Market, By End User (Page No. - 77)
    9.1 Introduction
    9.2 Hospitals, Diagnostic Centers, and Surgical Centers
    9.3 Ambulatory Care Centers (ACC)
    9.4 Research Laboratories & Academic Institutes

10 Guidewires Market, By Region (Page No. - 83)
     10.1 Introduction
     10.2 North America
             10.2.1 US
             10.2.2 Canada
     10.3 Europe
             10.3.1 Germany
             10.3.2 UK
             10.3.3 France
             10.3.4 Rest of Europe
     10.4 Asia Pacific
             10.4.1 Japan
             10.4.2 China
             10.4.3 India
             10.4.4 Rest of Asia Pacific
     10.5 Rest of the World (RoW)

11 Competitive Landscape (Page No. - 110)
     11.1 Overview
     11.2 Market Share, By Key Players, 2016
     11.3 Competitive Scenario
             11.3.1 Key Product Launches and Enhancements (2013-2017)
             11.3.2 Key Agreements, Partnerships, and Collaborations (2013-2017)
             11.3.3 Key Expansions (2013-2017)
             11.3.4 Key Acquisitions (2013-2017)

12 Company Profiles (Page No. - 114)
     12.1 Introduction
(Business Overview, Products Offered, Recent Developments, MnM View)*
     12.2 Medtronic
     12.3 Boston Scientific
     12.4 C.R. Bard
     12.5 Terumo Corporation
     12.6 Abbott Laboratories
     12.7 B. Braun
     12.8 Johnson & Johnson
     12.9 Stryker Corporation
     12.10 Olympus Corporation
     12.11 Angiodynamics
     12.12 Cardinal Health
     12.13 Merit Medical Systems
     12.14 Teleflex
     12.15 Cook Group
     12.16 Asahi Intecc

*Business Overview, Products Offered, Recent Developments, MnM View Might Not Be Captured in Case of Unlisted Companies.

13 Appendix (Page No. - 148)
     13.1 Discussion Guide
     13.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     13.3 Introducing RT: Real-Time Market Intelligence
     13.4 Available Customizations
     13.5 Related Reports
     13.6 Author Details


List of Tables (66 Tables)

Table 1 Recent Launches of Innovative Guidewires, 2015–2017
Table 2 Medical Reimbursement Codes for Guidewires in US (As of December 2017)
Table 3 Guidewire Market, By Material, 2015–2022 (USD Million)
Table 4 Nitinol Guidewires Market, By Region, 2015–2022 (USD Million)
Table 5 North America: Nitinol Guidewire Market, By Country, 2015–2022 (USD Million)
Table 6 Europe: Nitinol Guidewires Market, By Country, 2015–2022 (USD Million)
Table 7 Asia Pacific: Nitinol Guidewire Market, By Country, 2015–2022 (USD Million)
Table 8 Stainless Steel Guidewire Market, By Region, 2015–2022 (USD Million)
Table 9 North America: Stainless Steel Guidewires Market, By Country, 2015–2022 (USD Million)
Table 10 Europe: Stainless Steel Guidewire Market, By Country, 2015–2022 (USD Million)
Table 11 Asia Pacific: Stainless Steel Guidewires Market, By Country, 2015–2022 (USD Million)
Table 12 Hybrid Guidewire Market, By Region, 2015–2022 (USD Million)
Table 13 North America: Hybrid Guidewires Market, By Country, 2015–2022 (USD Million)
Table 14 Europe: Hybrid Guidewire Market, By Country, 2015–2022 (USD Million)
Table 15 Asia Pacific: Hybrid Guidewires Market, By Country, 2015–2022 (USD Million)
Table 16 Global Guidewire Market, By Product, 2015–2022 (USD Million)
Table 17 Surgical Guidewires Market, By Type, 2015–2022 (USD Million)
Table 18 Surgical Guidewire Market, By Region, 2015–2022 (USD Million)
Table 19 Hydrophilic Surgical Guidewires Market, By Region, 2015–2022 (USD Million)
Table 20 Hydrophobic Surgical Guidewire Market, By Region, 2015–2022 (USD Million)
Table 21 Diagnostic Guidewires Market, By Type, 2015–2022 (USD Million)
Table 22 Diagnostic Guidewire Market, By Region, 2015–2022 (USD Million)
Table 23 Hydrophilic Diagnostic Guidewires Market, By Region, 2015–2022 (USD Million)
Table 24 Hydrophobic Diagnostic Guidewire Market, By Region, 2015–2022 (USD Million)
Table 25 Guidewires Market, By Applications, 2015–2022 (USD Million)
Table 26 Guidewire Market for Cardiology Applications, By Region, 2015–2022 (USD Million)
Table 27 Guidewires Market for Vascular Applications, By Region, 2015–2022 (USD Million)
Table 28 Guidewire Market for Neurology Applications, By Region, 2015–2022 (USD Million)
Table 29 Guidewires Market for Urology Applications, By Region, 2015–2022 (USD Million)
Table 30 Guidewire Market for Gastroenterology Applications, By Region, 2015–2022 (USD Thousand)
Table 31 Guidewires Market for Oncology Applications, By Region, 2015–2022 (USD Million)
Table 32 Guidewire Market for Otolaryngology Applications, By Region, 2015–2022 (USD Thousand)
Table 33 Guidewires Market, By End User, 2015–2022 (USD Million)
Table 34 Guidewire Market for Hospitals, Diagnostic Centers, and Surgical Centers, By Region, 2015–2022 (USD Million)
Table 35 Guidewires Market for Ambulatory Care Centers, By Region, 2015–2022 (USD Million)
Table 36 Guidewire Market for Research Laboratories & Academic Institutes, By Region, 2015–2022 (USD Million)
Table 37 Guidewires Market, By Region, 2015–2022 (USD Million)
Table 38 North America: Guidewires Market, By Country, 2015–2022 (USD Million)
Table 39 North America: Guidewire Market, By Material, 2015–2022 (USD Million)
Table 40 North America: Guidewires Market, By Product, 2015–2022 (USD Million)
Table 41 North America: Guidewire Market, By Applications, 2015–2022 (USD Million)
Table 42 North America: Guidewires Market, By End User, 2015–2022 (USD Million)
Table 43 US: Guidewire Market, By Material, 2015–2022 (USD Million)
Table 44 Canada: Guidewires Market, By Material, 2015–2022 (USD Million)
Table 45 Europe: Guidewire Market, By Country, 2015–2022 (USD Million)
Table 46 Europe: Guidewires Market, By Material, 2015–2022 (USD Million)
Table 47 Europe: Guidewire Market, By Product, 2015–2022 (USD Million)
Table 48 Europe: Guidewire Market, By Applications, 2015–2022 (USD Million)
Table 49 Europe: Guidewire Market, By End User, 2015–2022 (USD Million)
Table 50 Germany: Guidewire Market, By Material, 2015–2022 (USD Million)
Table 51 UK: Guidewires Market, By Material, 2015–2022 (USD Million)
Table 52 France: Guidewire Market, By Material, 2015–2022 (USD Million)
Table 53 RoE: Guidewires Market, By Material, 2015–2022 (USD Million)
Table 54 Asia Pacific: Guidewire Market, By Country, 2015–2022 (USD Million)
Table 55 Asia Pacific: Guidewires Market, By Material, 2015–2022 (USD Million)
Table 56 Asia Pacific: Guidewires Market, By Product, 2015–2022 (USD Million)
Table 57 Asia Pacific: Guidewire Market, By Applications, 2015–2022 (USD Million)
Table 58 Asia Pacific: Guidewire Market, By End User, 2015–2022 (USD Million)
Table 59 Japan: Guidewires Market, By Material, 2015–2022 (USD Million)
Table 60 China: Guidewire Market, By Material, 2015–2022 (USD Million)
Table 61 India: Guidewires Market, By Material, 2015–2022 (USD Million)
Table 62 RoAPAC: Guidewire Market, By Material, 2015–2022 (USD Million)
Table 63 RoW: Guidewires Market, By Material, 2015–2022 (USD Million)
Table 64 RoW: Guidewire Market, By Product, 2015–2022 (USD Million)
Table 65 RoW: Guidewire Market, By Applications, 2015–2022 (USD Million)
Table 66 RoW: Guidewire Market, By End User, 2015–2022 (USD Million)


List of Figures (39 Figures)

Figure 1 Research Design: Guidewires Market
Figure 2 Breakdown of Primaries: Guidewire Market
Figure 3 Data Triangulation Methodology
Figure 4 Nitinol Guidewires Segment is Estimated to Dominate the Guidewires Market During 2017–2022
Figure 5 Surgical Guidewires Segment is Estimated to Hold the Largest Share in the Guidewires Product Market in 2017
Figure 6 Cardiology Applications Segment is Estimated to Hold the Largest Share in the GuidewiresMarket During the Study Period
Figure 7 Hospitals, Diagnostic Centers, and Surgical Centers Segment are Estimated to Hold the Largest Share in the Guidewires Market for End User in 2017
Figure 8 North America to Dominate the Guidewire Market During the Forecast Period
Figure 9 Increasing Target Disease Incidence to Propel the Demand for Guidewires During the Forecast Period
Figure 10 Asia Pacific is Estimated to Be the Fastest-Growing Market for Guidewires Product Market During the Forecast Period
Figure 11 North America Dominated the Guidewires Market for All End User Segments in 2017
Figure 12 Nitinol Guidewires Will Dominate the Asia Pacific Guidewires Material Market in 2017
Figure 13 China & India Estimated to Be the Fastest-Growing Countries in the Guidewires Market During the Forecast Period
Figure 14 Guidewire Market: Drivers, Restraints, Opportunities, and Challenges
Figure 15 Government Healthcare Expenditure: Developed vs Developing Countries (2010–2015)
Figure 16 Nitinol Guidewires to Dominate the Guidewires Market During the Forecast Period
Figure 17 North America to Hold the Largest Share of the Surgical as Well as Diagnostic Guidewires Segments
Figure 18 North America to Dominate the Guidewire Market for All Application Segments During the Forecast Period
Figure 19 Hospitals, Diagnostic Centers, and Surgical Centers are Expected to Dominate the Guidewires End-User Market During the Forecast Period
Figure 20 North America: Guidewire Market Snapshot
Figure 21 Europe: Guidewires Market Snapshot
Figure 22 Asia Pacific: Guidewire Market Snapshot
Figure 23 RoW: Guidewire Market Snapshot
Figure 24 Key Developments By Leading Market Players in the Guidewire Market (2013–2017)
Figure 25 Boston Scientific Held the Leading Position in the Global Guidewire Market in 2016
Figure 26 Geographic Revenue Mix of the Top Four Market Players (2016)
Figure 27 Medtronic: Company Snapshot
Figure 28 Boston Scientific: Company Snapshot
Figure 29 C.R. Bard: Company Snapshot
Figure 30 Terumo Corporation: Company Snapshot
Figure 31 Abbott Laboratories: Company Snapshot
Figure 32 B. Braun: Company Snapshot
Figure 33 Johnson & Johnson: Company Snapshot
Figure 34 Stryker Corporation: Company Snapshot
Figure 35 Olympus Corporation: Company Snapshot
Figure 36 Angiodynamics: Company Snapshot
Figure 37 Cardinal Health: Company Snapshot
Figure 38 Merit Medical Systems: Company Snapshot
Figure 39 Teleflex: Company Snapshot

The global guidewires market is projected to reach USD 764.0 Million by 2022 from USD 605.2 Million in 2017, at a CAGR of 4.8%. The growth witnessed by guidewires is mainly driven by the growing target patient population, continuous product launches by major manufacturers, increasing availability of medical reimbursements for guidewires across developed countries, and rising adoption of minimally invasive surgical procedures across major countries.

This report broadly segments the guidewire market into material, product, application, end user, and region. On the basis of material, the market is categorized into nitinol guidewires, stainless steel guidewires, and hybrid guidewires. In 2017, the nitinol guidewires segment is expected to account for the largest share of the market. This can be attributed to the growing number of target medical procedures that utilize nitinol guidewires, increasing applications of nitinol guidewires, and growing patient preference for minimally invasive surgeries.

On the basis of product, the market is categorized into surgical guidewires (further sub-segmented into hydrophilic and hydrophobic surgical guidewires) and diagnostic guidewires (further sub-segmented into hydrophilic and hydrophobic diagnostic guidewires). In 2017, the surgical guidewires segment is expected to account for the largest share of the market. It is also expected to register the highest CAGR during the forecast period. This can be attributed to the rising adoption of minimally invasive surgical procedures for the treatment of vascular diseases among medical professionals as well as patients, owing to its procedural benefits, and availability of reimbursements for vascular treatment procedures across developed countries.

Based on application, the market is categorized into cardiology, vascular, neurology, urology, gastroenterology, oncology, and otolaryngology. The cardiology applications segment accounted for the largest share of the market and it is expected to be the fastest-growing segment during the forecast period. The large share of this segment is attributed to the rising adoption of guidewires among cardiologists owing to procedural and technical benefits offered by nitinol materials used for manufacturing cardiology guidewires such as the biocompatibility, recovering elongation, resistivity, steerability, and super elasticity.

Based on end user, the market is segmented into three categories, namely, hospitals, diagnostic centers, and surgical centers; ambulatory care centers; and research laboratories & academic institutes. In 2017, the hospitals, diagnostic centers, and surgical centers segment is expected to account for the largest share of the market due to the rising group purchasing organizations (GPOs) across developed countries, the rising incidence of target diseases, and ongoing technological advancements in the field of minimally invasive surgeries.

This report covers the market across four major regions. North America is expected to command the largest share of the market in 2017. Factors such as increasing availability of reimbursements for guidewires among developed countries, increasing patient preference for minimally invasive surgical procedures (including atherectomy, thrombectomy, embolectomy, and gastrointestinal endoscopy), and strong market presence of key OEMs (that replicates into easy availability of guidewires) are driving the growth of the North American guidewires market.

Guidewires Market

Factors such as high cost of surgical guidewires, spending cuts, and excise duties on medical devices and dearth of skilled surgeons for minimally invasive surgeries are expected to restrain the growth of the market during the forecast period.

Some of the major players in the market are Boston Scientific (US), Abbott (US), Medtronic (Ireland), Terumo (Japan), and Cook Group (US).

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