The global surgical guidewire market is expected to reach a considerably large market size in 2032 and register a high CAGR over the forecast period. Industry analysis indicates that rising demand for surgical guidewires in various applications is driven by changing market trends, which are expected to support industry growth as well as market growth over the forecast period.
A guidewire is a thin and flexible tube used for introducing, guiding, and placing medical devices inside the patient’s body. Guidewires are required for conducting vascular interventions and minimally invasive (MI) surgeries. Use of guidewires minimizes the risk of vascular injuries, owing to which they are extensively used in various cardiovascular, gastrointestinal, urology, and interventional radiology procedures.
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Global Surgical Guidewire Market: Dynamics
Increasing demand for minimally invasive surgical procedures led by their benefits such as smaller incisions, quicker recovery period, and decreased pain are boosting growth of the global surgical guidewire market. In addition, technological advancements and increase in elderly population prone to chronic diseases such as cardiovascular, urologic, and neurovascular diseases are other factors driving market growth. The working population is increasingly adopting unhealthy habits such as avoidance of physical activity, sedentary lifestyle, consumption of alcohol and nicotine, and intake of saturated fats and sugar. These habits increase the risk of development of chronic disorders such as obesity, diabetes, and heart diseases, which may require surgery. Thus, increasing prevalence of chronic diseases in working population is another factor projected to fuel market growth in the next few years.
Global Surgical Guidewire Market: Regional Landscape
Based on region, the global surgical guidewire market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America market accounts for the largest revenue share in the global surgical guidewire market. Growth of the market in the region is attributable to high prevalence of cardiovascular disorders and increase in the number of coronary and peripheral surgeries in countries in the region. In addition, high demand for minimally invasive surgeries, such as coronary bypass and cardiothoracic surgeries, is also boosting growth of the market in the region. On the other hand, growing elderly population, rising prevalence of heart diseases, and increasing preference for minimally invasive surgeries in Asia Pacific are projected to propel growth of the market in the region over the forecast period.
Key Players Operating in Global Surgical Guidewire Market
- Boston Scientific Corporation
- Abbott
- Cordis (Cardinal Health) AngioDynamics
- Medtronic
- Stryker
- Cook
- Codman Neuro
- Terumo Medical Corporation
Global Surgical Guidewire Market: Regions Covered
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Global Surgical Guidewire Market: Reports Highlights
- Detailed overview of the surgical guidewire market
- Changing dynamics of the surgical guidewire market
- Surgical guidewire market segmentation
- Regional landscape of the surgical guidewire market
- Evaluation of the surgical guidewire market based on the present and past data collected
- Historical, present, and projected surgical guidewire market in terms of volume and value
- Recent trends and developments in the surgical guidewire market
- Competitive landscape of the surgical guidewire market
- Strategies adopted by key players and products offered by them in the surgical guidewire market
Global Surgical Guidewire Market: Segmentation
The report consists of forecasts for the surgical guidewire market at the global, regional, and country levels.
The report contains analysis of trends in each segment of the market for the period from 2023 to 2032. For this study, has segmented the global surgical guidewire market based on material and application as follows.
By Material (Revenue, USD Million; 2023–2032)
- Nitinol
- Stainless Steel
- Others
By Application (Revenue, USD Million; 2023–2032)
- Coronary
- Peripheral
- Urology
- Neurovascular
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