Global Peripheral Guidewires Market is expected to foresee significant growth. North America to lead the growth!

• Vikas Kumar
• January 12, 2023
• HEALTHCARE, NEWS
• Peripheral Guidewires Market, Peripheral Guidewires Market Analysis, Peripheral Guidewires Market Growth, Peripheral Guidewires Market Share, Peripheral Guidewires Market Size, Peripheral Guidewires Market Trend
• 0 Comments

Peripheral guidewires are devices that are majorly used during the performance of operational activities such as surgeries to access the peripheral vessel & provide interventional treatment. In recent times, peripheral guidewire [witnessed a significant demand owing to its use for a range of applications including renal, lower limb intervention, and carotid among others. Additionally, peripheral guidewires are also used for the measurement of heart rate, temperature, blood sugar, and stress along with the drug intake by the patient. The peripheral guidewire is made from different materials such as polyimides, stainless steel, and nitinol and is available in a variety of shapes and sizes.

The Peripheral Guidewires Market is expected to grow at a steady rate of around 7% during the forecast period (2022-2028) owing to the increasing demand for minimally invasive procedures coupled with the supportive government initiative, infrastructural development along with technological advancements such as IoT and AI. Major companies in the market are focusing to provide peripheral guidewire with technologically advanced features along with product launches, collaboration, and mergers & acquisitions. For instance, Integer provides Predicate Uncoated guidewire made up of stainless steel for vascular access which provides wire-to-wire consistency.

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Based on the types, the market is segmented into J-shape guide wire, straight guide wire, and angled guide wire. The J-shape wire segment is expected to witness significant CAGR during the forecast period owing to its use to guide catheter at the place during the CVC insertions to gain access to the blood vessel. Also, the J-shaped guide wire eliminates the requirement of the needles into the deeper structure. The J-shaped guidewire also helps to identify the level of protein expression and is expected to support market growth.

Based on the application, the market is bifurcated into interventional guidewire and diagnostics guidewire. The interventional guidewire segment is expected to witness significant market growth during the forecast owing to the shift in the treatment and operational technology such as Percutaneous Coronary Intervention (PCI). Additionally, the interventional guidewire gives medical device businesses access to off-the-shelf products and regulatory approval, which is anticipated to promote market expansion in the near future.

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For a better understanding of the market adoption of the peripheral guidewires industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, and the Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. North America is anticipated to grow at a substantial CAGR during the forecast period. This is mainly due to the rising healthcare costs as well as technical developments like the use of IoT, AI, and ML. Additionally, the region’s rising surgical rates and the presence of numerous biotechnology and pharmaceutical firms are anticipated to promote market expansion. The market will expand as a result of the enormous population rise and greater risk of cardiovascular illnesses. In addition, the region’s rising investment, new product launches, and rising R&D spending are anticipated to promote market expansion. For instance, Boston Scientific launched several guidewire products including Amplatz Super Stiff Guidewire, CHOICE Floppy Guidewire, Dreamwire High-Performance Guidewire, FORTÉ Moderate Support Guidewire, and Marker Wire, Hydra Jagwire High-Performance Guidewire for different applications.

Some of the major players operating in the market Terumo Corp, Abbott Laboratories, Boston Scientific Corp, Asahi Intecc Co Ltd, Cardinal Health, Cook Group Inc, Merit Medical Systems Inc, Medtronic plc, CONMED Corporation, and Teleflex, Inc.

Global Peripheral Guidewires Market Segmentation

Market Insight, by Type

• J-Shape Guide Wire
• Straight Guide Wire
• Angled Guide Wire

Market Insight, by Application

• Interventional Guidewire
• Diagnostics Guidewires

Market Insight, by Region

• North America
  •  US
  •  Canada
  •  Rest of North America
• Europe
• Germany
• United Kingdom
• France
• Italy
• Spain
• Rest of Europe
• Asia-Pacific
  • China
  • Japan
  • India
  • Rest of Asia-Pacific
• Rest of the World

Top Company Profiles

• Terumo Corp
• Abbott Laboratories
• Boston Scientific Corp
• Asahi Intecc Co Ltd
• Cardinal Health
• Cook Group Inc
• Merit Medical Systems Inc
• Medtronic plc
• CONMED Corporation
• Teleflex, Inc.