Worldwide market for Guide Wire is expected to grow at a CAGR of roughly 5.0% over the next five years, will reach 1370 million US$ in 2024 : Focusing Top Key Players like - Terumo Medical, Abbott Vascular, Asahi, Boston Scientific Corporation, Cardinal,

Peripheral Guide Wires have multiple layers which includes central core, distal tip and outer coating. Central core is generally made up of stainless steel or nitinol which posses’ superior torque characteristics. Distal tip has variable length and it is made up of radio-opaque material e.g. platinum or iridium alloys and provides flexibility during operations. Peripheral guide wires are coated with a polymer, such as silicone or polytetrafluoroethylene (PTFE), to increase lubricity. Peripheral guide wires are used during the percutaneous transluminal angioplasty and angiography for guiding the stents or catheters to the site of action in the peripheral vasculature.

Peripheral Guide Wire market is mainly driven by increasing demand for minimally invasive surgeries. Other important factor that propels the market growth is increasing worldwide geriatric population. Moreover, growing incidences of neurological, cardiovascular and urology disorders also fuel the market growth. It is important for patients to fully understand the risks of the procedure undergoing laparoscopy and other cardiovascular, neurovascular surgeries. Some risk factors associated with of minimally invasive surgery and preference given to open surgery may hamper the growth of this market.

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Scope of the Report:
The Guide Wire industry concentration is relatively high; there are just not much manufacturers in the world, and mainly from Japan and USA.

Global giant manufactures mainly distributed in Japan and USA. The manufacturers in Japan have a long history and unshakable status in this field. Manufacturers such as Terumo Medical and Asahi have relative higher level of product’s quality. As to United States, Abbott Vascular has become as a global leader through its own business and acquisition. In Europe, TE Connectivity acquired AdvancedCath and definitive agreement to acquire Creganna, thus leads the technology development. Most of Chinese manufactures are not professional producers that make their products have lower market recognition, even in China domestic market.

The key consumption markets locate at developed countries. The North America takes the market share of 30%, followed by EU with 25.6%. China’s consumption market has a quicker growing speed of CAGR 9.6%.

We tend to believe this industry becomes more and more mature, and the consumption increasing rate will show a smooth curve.

The worldwide market for Guide Wire is expected to grow at a CAGR of roughly 5.0% over the next five years, will reach 1370 million US$ in 2024, from 1020 million US$ in 2019, according to a new study.

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Market Segment by Manufacturers, this report covers
Terumo Medical, Abbott Vascular, Asahi, Boston Scientific Corporation, Cardinal, Integer, Medtronic, Cook Medical, TE Connectivity, Merit Medical Systems, SP Medical, Epflex, Shannon MicroCoil, Acme Monaco, Infiniti Medical, Custom Wire Technologies, Biotronik, Hanaco, Lepu Meidcal, Shenzhen Yixinda.

Market Segment by Regions, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

Market Segment by Type, covers
Straight Guide Wire
Angled Guide Wire
J-Shape Guide Wire

Market Segment by Applications, can be divided into
Peripheral Artery Disease (PAD)
Cardiovascular Diseases

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