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Increasing Chronic Disease Prevalence To Fuel Growth Of The Guidewires Market: Key Factor Driving The Growth In The Guidewires Market
Guidewires Market Size
What Is the Expected Guidewires Market Size During the Forecast Period?
The Guidewires Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Expected Guidewires Market Size During the Forecast Period?
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What Are the High-Growth Segments in the Guidewires Market?
The guidewires market covered in this report is segmented -
1) By Product: Interventional Guidewires, Diagnostic Guidewires
2) By Material: Nitinol, Stainless Steel, Hybrid, Other Materials
3) By Coating: Coated, Non-Coated
4) By Application: Coronary Guidewires, Peripheral Guidewires, Urology Guidewires, Radiology Guidewires, Neurovascular Guidewires, Gastroenterology Guidewires, Other Applications
5) By End-User: Hospitals, Ambulatory Surgical Centers, Research Laboratories, Other End-Users
Subsegments:
1) By Interventional Guidewires: Hydrophilic Guidewires, Hydrophobic Guidewires, Nitinol Guidewires, Stainless Steel Guidewires
2) By Diagnostic Guidewires: Straight Tip Guidewires, Angled Tip Guidewires, J-Tip Guidewires
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What Key Drivers Are Expected to Influence Future Guidewires Market Growth?
An upsurge in chronic illnesses is anticipated to fuel the expansion of the guidewires market. A chronic disease is a long-lasting condition or ailment that necessitates continual medical attention. Guidewires are utilized to aid in heart disease treatment, a typical chronic ailment, by making their way to the heart via the blood vessels. The guidewires market is set to continue its upward trend owing to the rising instances of chronic conditions and the advent of technological advancements. For example, as per the report released by the Australian Institute of Health and Welfare (AIHW), a government agency based in Australia, in June 2024, chronic obstructive pulmonary disease (COPD) made up 3.6% of the total disease load and half of the respiratory conditions burden in 2023. Moreover, in 2022, 87% of COPD patients were reported to have one or more associated conditions, with mental and behavioral disorders (49%), arthritis (45%), and asthma and back issues (42% each) being the most common. Therefore, the escalating incidence of chronic disorders will catalyze the growth of the guidewires market.
Which Companies Hold the Largest Share Across Different Guidewires Market Segments?
Major companies operating in the guidewires market include Boston Scientific Corporation, Medtronic plc, Terumo Corporation, Cook Group Incorporated, Abbott Laboratories, Cardinal Health Inc., Stryker Corporation, Olympus Corporation, Johnson & Johnson, B. Braun Melsungen AG, Teleflex Incorporated, AngioDynamics Inc., C.R. Bard Inc., Merit Medical Systems Inc., Becton Dickinson and Company, Cordis Corporation, Asahi Intecc Co. Ltd., Advanced Cardiovascular Systems Inc., Biosensors International Group Ltd., BTG plc, Coh Medical Inc., Conmed Corporation, CryoCath Technologies Inc., Edwards Lifesciences Corporation, MicroPort Medical Systems Inc., Penumbra Inc., Spectranetics Corporation, VasoNova Inc.
What Trends Are Driving Growth in The Guidewires Market?
Companies leading within the realm of the guidewires market are progressing the technology used in guidewires, including those known as super stiff guidewires. These advancements contribute to improved navigation and support during minimally invasive methods, optimise patient results, and streamline safer and more effective catheter placement in intricate vascular anatomical areas. Super stiff guidewires are upgraded medical instruments that provide superior rigidity and stability, assisting in accurate navigation of catheters amid complex vascular operations. For example, in June 2024, Medtronic plc, a medical technology firm based in Ireland, unveiled the Steerant aortic guidewire. This entity is explicitly engineered for catheter placement in aortic operations, inclusive of endovascular aneurysm repair (EVAR) and thoracic EVAR (TEVAR). The super stiff guidewire comes with a gentle, atraumatic tip of 15cm length that transitions into a stiff body, safeguarding the fragile aortic structure. It is made available in lengths customized for EVAR (200 cm and 260 cm curved) and TEVAR (260 cm double curved), and consists of a 0.035-inch diameter along with a polytetrafluoroethylene-coated stainless steel make. Furthermore, the guidewire includes a bendable tip portion and an 8-cm radiopaque coil enhancing visibility, thus advancing navigation and stent grafting delivery while prioritizing patient protection.
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What Are the Emerging Geographies for The Guidewires Market Growth?
North America was the largest region in the guidewires market in 2024. Asia-Pacific is expected to be the fastest-growing region in the global guidewires market report during the forecast period. The regions covered in the guidewires market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Guidewires Market?
2. What is the CAGR expected in the Guidewires Market?
3. What Are the Key Innovations Transforming the Guidewires Industry?
4. Which Region Is Leading the Guidewires Market?
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