Press release
Global Guidewires Market 2022 Share, Size, CAGR of 5.7%, Top Countries Manufacturers Analysis | Abbott Laboratories, Boston Scientific Corporation, Stryker Corporation, Johnson & Johnson, Cardinal Health, Cook Group, Angiodynamics, Teleflex Incorporated
Guidewires Market
The global guidewires market was valued at USD 1.09 Billion in 2021 and is expected to reach around USD 1.70 Billion by 2029, at a CAGR of 5.7% between 2022 and 2029.
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Guidewires Market Overview:
Guidewires are widely used for accessing the vascular targets with a very high accuracy and precision. These devices help in improving the quality of the diagnostic and the surgical procedures that are common in the interventional radiology, angiography, gastrointestinal, cardiovascular and other similar procedures. Characteristics of guidewires like their coating, stiffness and their advanced tips and shape enable the surgical specialists to diagnose and then treat the lesions accordingly in any complex anatomical structure. Integration of different advanced technologies like superior vision and steerability in the guidewires is helping improve the procedural outcomes.
There is an increased adoption of the interventional radiology techniques in the treatment of various diseases as well as in the image-guided diagnosis have increased due to lot of advancements that are done in the guidewire tip technologies. The procedures using guidewires involves less pain, minimum risk and a very fast recovery as compared to any open surgery, due to which the interventional radiology has prominently improved the patient recovery outcomes.
Global Guidewires Market Analysis Report includes Top Companies:
Abbott Laboratories
Boston Scientific Corporation
Stryker Corporation
Johnson & Johnson
Cardinal Health
Cook Group
Angiodynamics
Teleflex Incorporated
R. Bard Inc.
Medtronic plc
This report segments the Global Guidewires Market on the basis of Products are:
Diagnostic Guidewires
Surgical Guidewires
On the basis of Application, the Global Guidewires Market is segmented into:
Cardiology
Urology
Neurology
Oncology
Vascular
Gastroenterology
Others
Regional Analysis For Guidewires Market:
North America (United States, Canada, Mexico)
Asia-Pacific (China, India, Japan, South Korea, Australia, Indonesia, Malaysia, Philippines, Thailand, Vietnam)
Europe (Germany, France, UK, Italy, Russia, Rest of Europe)
Central & South America (Brazil, Rest of South America)
Middle East & Africa (GCC Countries, Turkey, Egypt, South Africa, Other)
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Based on the material, the guidewires market is segmented into stainless steel, nitinol and hybrid, wherein stainless steel accounted for the largest share of the market in 2021. Stainless steel is the most preferred raw material by manufacturers. Due to its unique characteristics like it being non-magnetic, high corrosion resistance, its non-staining properties coupled with being antibacterial; stainless steel is most chosen raw material. Along with the mentioned benefits, stainless steel also provides great support, torque specifications and push force transmission. Various products that are stainless steel-based products include Paragon Diagnostic Guidewire, Amplatz Support Wire Guide and True Form Reshapable Guide Wire.
Influence of the Guidewires market report:
Comprehensive assessment of all opportunities and risk in the Guidewires market.
Guidewires market recent innovations and major events
Detailed study of business strategies for growth of the Guidewires market-leading players.
Conclusive study about the growth plot of Guidewires market for forthcoming years.
In-depth understanding of Guidewires market-particular drivers, constraints and major micro markets.
Favorable impression inside vital technological and market latest trends striking the Guidewires market.
The key insights of the Guidewires Market report:
The report provides key statistics on the market status of the Guidewires market manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.
The report provides a basic overview of the industry including its definition, applications and manufacturing technology.
The Guidewires market report presents the company profile, product specifications, capacity, production value, and 2018-2021 market shares for key vendors.
The total market is further divided by company, by country, and by application/type for the competitive landscape analysis.
The report estimates 2022-2029 market development trends of Guidewires.
Analysis of upstream raw materials, downstream demand and current market dynamics is also carried out
The report makes some important proposals for a new project of Guidewires Industry before evaluating its feasibility.
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Furthermore, the Guidewires market has included a detailed view of market opportunity by end-user segments, product segments, sales channels, key countries, and import/export dynamics. This study consists of market segmentation by product types, applications and market division based on geographical regions. The report evaluates other factors such as industry share, market strategies, the competitive examination of top players involved in the industry, demand and supply status, import and export, distribution channel, and production capacity.
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