Guidewire Market 2026: Market Share, Growth Trends and Forecast
The global guidewires market size is projected to reach USD 1,401.0 million by 2026, exhibiting a CAGR of 5.9% during the forecast period. Rising incidence rate of cardiovascular diseases is expected to be one of the major forces of growth for this market. According to estimates released by the American Heart Association (AHA), a staggering 15.5 million Americans were suffering from coronary heart disease in 2016.
These numbers augur good news for the guidewire market as a steady rise in the prevalence of cardiovascular disorders will necessitate the utilization of advanced guidewire technology for quicker diagnosis and delivery of more accurate treatment for these conditions. Moreover, these devices are also crucial in diagnosing gastrointestinal disorders, which will further boost their employment in the healthcare industry.
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Leading Players operating in the Guidewires Market are:
- Teleflex Corporation
- Olympus Corporation
- Boston Scientific Corporation
- Merit Medical Inc.
- R. Bard, Inc.
- Terumo Medical Corporation
According to the Fortune Business Insights report, titled “Guidewires Market Size, Share & Industry Analysis, By Product (Coronary Guidewire, Peripheral Guidewire, Urology Guidewire, Neurovascular Guidewire, and Others) By Material (Nitinol, Stainless Steel, and Others) By Coating (Coated and Non-Coated) By End User (Hospitals & Clinics, Diagnostic Centers, and Others) and Regional Forecast, 2019-2026”, the value of the market stood at USD 887.6 million in 2018. The report also incorporates a thorough research into the various dynamics, trends, and other factors which will influence the market and enable businesses to take strategic decisions to solidify their position in this market. Apart from this, it also provides an exhaustive overview of the overall industry trends and outlook that will be instrumental in understanding the growth pattern of the market.
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Growing Preference for Minimally Invasive Diagnostic Procedures to Catalyze Growth
One of the primary factors driving the guidewires market trends is the demand for minimally invasive procedures for diagnostic purposes, which is gaining ground in healthcare. This is on account of the benefits offered by such procedures. For example, a patient will recover at a faster rate if the incision in her body is small and narrow. This would also minimize the patient’s hospital stay, saving her a good amount of her resources. Technologically advanced guidewires allow for superior lesion access and better visibility, which brings down procedural costs and becomes more pocket-friendly for the patient. The guidewire market stands to gain as a result.
Detailed Table of Content:
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- Technological advancements in Guidewires Market
- Key Industry Developments- Partnerships, Mergers and Acquisitions
- New Product Launched by Key Players
- Prevalence of Major Cardiovascular Conditions for Key Countries
- Regulatory Scenarios
- Global Guidewires Market Analysis, Insights and Forecast, 2015-2026
- Key Findings / Summary
- Market Analysis, Insights and Forecast – By Product
- Coronary Guidewires
- Peripheral Guidewires
- Urology Guidewires
- Neurovascular Guidewires
- Market Analysis, Insights and Forecast – By Material
- Stainless Steel
- Market Analysis, Insights and Forecast – By Coating
- Market Analysis, Insights and Forecast – By End User
- Hospitals & Clinics
- Diagnostic Centers
- Market Analysis, Insights and Forecast – By Region
- North America
- Asia pacific
- Latin America
- Middle East & Africa
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- Extensive product offerings
- Customer research services
- Robust research methodology
- Comprehensive reports
- Latest technological developments
- Value chain analysis
- Potential Guidewires Market opportunities
- Growth dynamics
- Quality assurance
- Post-sales support
- Regular report updates
Reasons to Purchase this Report:
- Comprehensive analysis of the Guidewires Market growth drivers, obstacles, opportunities, and other related challenges.
- Tracks the developments, such as new product launches, agreements, mergers and acquisitions, geographical expansions, and joint ventures.
- Identifies market restraints and boosters.
- Identifies all the possible segments present in the market to aid organizations in strategic business planning.
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