Therapeutic Medical Guidewire Market Overview
The global Therapeutic Medical Guidewire market is expected to rise at a considerable rate in the forthcoming years. Guidewires are medical devices that are used in a variety of surgical procedures, including interventional cardiology, interventional radiology, gastroenterology, vascular surgery, and more. They're constructed of stainless-steel metallic components that help guide the catheter into place. A solid guidewire and wrapped guidewire are the two most common forms of guide wires. One end of each variety is hard, while the other is flexible. Straight tip, J-shaped tip, and angled guide wires are the most prevalent. The rising prevalence of chronic diseases, the growing inclination for minimally invasive surgical procedures, and technological improvements in medical guide wire are all driving the market forward.
On the other hand, the lack of skilled physicians and guide wires-related problems may hamper the growth of the market.
| Report Metric | Details |
| Market size available for years | 2023–2030 |
| Base year considered | 2023 |
| Forecast period | 2024–2030 |
| Forecast unit | Value (USD Million) |
| Segments covered | Type, Shape, Application, End User, and Region |
| Regions covered | North America (the U.S. and Canada), Europe (UK, Germany, France, Italy, Spain, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, Australia, South East Asia, Rest of Asia Pacific), Latin America and the Middle East and Africa (Brazil, Saudi Arabia, UAE, Rest of LAMEA) |
| Companies covered | Cardinal Health, Biotronik, SP Medical AS, Infiniti Medical, Acme Monaco, Abbott, Boston Scientific Corporation, Medtronic, Terumo Medical Corporation, Cook Medical, Impax Laboratories. |
Covid-19 Impact on Therapeutic Medical Guidewire Market
In addition, the current Therapeutic Medical Guidewire Market study offers a detailed analysis of the current COVID-19 pandemic impact on the market growth and its influence on the future growth of the Therapeutic Medical Guidewire Market. The recently published report demonstrates the elevation in the demand for the healthcare sector. The healthcare manufacturers have experienced long term as well as short term effect which includes supply shortages, panic buying, and stocking, regulation changes as short-term whereas approval delays and possible trend variations in consumption could be perceived as long-term impacts of COVID-19 on the health and pharmaceutical market.
The increasing need for a cure has pushed vaccine research and manufacturers to the limit. In addition to this, panic conditions have already spurred the demand for many healthcare products and services which are discussed in detail in this report. Moreover, the impact of COVID-19 on overall market revenue for the base year 2020 and its projection up to 2027 is provided in detail in this report.
Therapeutic Medical Guidewire Market Segment Overview
According to Shape, the J-Shape is the most prominent segment in the global Therapeutic Medical Guidewire market. Many successful cases of biliary cannulation have been observed using a J-shaped tip guidewire. A newly designed J-shaped tip guide-wire has the possibility to facilitate selective biliary cannulation for ERCP and appears to be safe.
Therapeutic Medical Guidewire Market, By Type
· Solid Guidewire
· Wrapped guidewire
Therapeutic Medical Guidewire Market, By Shape
· J-Shape
· Angled
· Straight
Therapeutic Medical Guidewire Market, By Application
· Peripheral Artery Disease
· Cardiovascular Diseases
· Neurovascular Diseases
· Urological Disease
Therapeutic Medical Guidewire Market, By End User
· Hospitals
· Clinics
· Academic Institutes
Therapeutic Medical Guidewire Market Regional Overview
Region-Wise, North America commanded a major share, in terms of revenue, and is predictable to maintain its supremacy over the forecast period. The US is one of the most important countries for the market. This is mainly attributed to the increasing burden of chronic diseases, technological progressions, growing preference towards the minimally invasive procedure, and escalating healthcare expenditure. Furthermore, the European therapeutic medical guidewire market is anticipated to be the second-largest in the forecast period. Increasing government support for research & development, and growing healthcare expenditure have driven the European therapeutic guidewire market. On the other hand, the market in the Asia Pacific is projected to rise at a significant rate in the coming years. This is owing to the rapidly changing healthcare sector and the presence of enormous opportunities for the development of this market.
Therapeutic Medical Guidewire Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Therapeutic Medical Guidewire Market, Key Players
· Cardinal Health
· Biotronik
· SP Medical AS
· Infiniti Medical
· Acme Monaco
· Abbott
· Boston Scientific Corporation
· Medtronic
· Terumo Medical Corporation
· Cook Medical
· Impax Laboratories
Frequently Asked Questions (FAQ) :
Q1. What are the driving factors for the Therapeutic Medical Guidewire market?
The rising prevalence of chronic diseases, the growing inclination for minimally invasive surgical procedures, and technological improvements in medical guide wire are all driving the market forward.
Q2. What are the restraining factors for the Therapeutic Medical Guidewire market?
The lack of skilled physicians and guide wires-related problems may hamper the growth of the market.
Q3. Which segment is projected to hold the largest share in the Therapeutic Medical Guidewire Market. ?
The J-Shape segment is projected to hold the largest share in the Therapeutic Medical Guidewire Market.
Q4. Which region holds the largest share in the Therapeutic Medical Guidewire market?
North America held the largest share in the global Therapeutic Medical Guidewire market
Q5. Which are the prominent players in the Therapeutic Medical Guidewire Market?
Cardinal Health, Biotronik, SP Medical AS, Infiniti Medical, Acme Monaco, Abbott, Boston Scientific Corporation, Medtronic, Terumo Medical Corporation, Cook Medical, Impax Laboratories. are some key players in the Therapeutic Medical Guidewire Market.
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Therapeutic Medical Guidewire Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Type
- 5.2.1. Solid Guidewire
- 5.2.2. Wrapped guidewire
- 5.3. Market Analysis, Insights and Forecast – By Shape
- 5.3.1. J-Shape
- 5.3.2. Angled
- 5.3.3. Straight
- 5.4. Market Analysis, Insights and Forecast – By Application
- 5.4.1. Peripheral Artery Disease
- 5.4.2. Cardiovascular Diseases
- 5.4.3. Neurovascular Diseases
- 5.4.4. Urological Disease
- 5.5. Market Analysis, Insights and Forecast – By End User
- 5.5.1. Hospitals
- 5.5.2. Clinics
- 5.5.3. Academic Institutes
- 5.6. Market Analysis, Insights and Forecast – By Region
- 5.6.1. North America
- 5.6.2. Europe
- 5.6.3. Asia Pacific
- 5.6.4. Latin America, Middle East and Africa
6. North America Therapeutic Medical Guidewire Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Type
- 6.2.1. Solid Guidewire
- 6.2.2. Wrapped guidewire
- 6.3. Market Analysis, Insights and Forecast – By Shape
- 6.3.1. J-Shape
- 6.3.2. Angled
- 6.3.3. Straight
- 6.4. Market Analysis, Insights and Forecast – By Application
- 6.4.1. Peripheral Artery Disease
- 6.4.2. Cardiovascular Diseases
- 6.4.3. Neurovascular Diseases
- 6.4.4. Urological Disease
- 6.5. Market Analysis, Insights and Forecast – By End User
- 6.5.1. Hospitals
- 6.5.2. Clinics
- 6.5.3. Academic Institutes
- 6.6. Market Analysis, Insights and Forecast – By Country
- 6.6.1. U.S.
- 6.6.2. Canada
7. Europe Therapeutic Medical Guidewire Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Type
- 7.2.1. Solid Guidewire
- 7.2.2. Wrapped guidewire
- 7.3. Market Analysis, Insights and Forecast – By Shape
- 7.3.1. J-Shape
- 7.3.2. Angled
- 7.3.3. Straight
- 7.4. Market Analysis, Insights and Forecast – By Application
- 7.4.1. Peripheral Artery Disease
- 7.4.2. Cardiovascular Diseases
- 7.4.3. Neurovascular Diseases
- 7.4.4. Urological Disease
- 7.5. Market Analysis, Insights and Forecast – By End User
- 7.5.1. Hospitals
- 7.5.2. Clinics
- 7.5.3. Academic Institutes
- 7.6. Market Analysis, Insights and Forecast – By Country
- 7.6.1. UK
- 7.6.2. Germany
- 7.6.3. France
- 7.6.4. Italy
- 7.6.5. Spain
- 7.6.6. Russia
- 7.6.7. Rest of Europe
8. Asia Pacific Therapeutic Medical Guidewire Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Type
- 8.2.1. Solid Guidewire
- 8.2.2. Wrapped guidewire
- 8.3. Market Analysis, Insights and Forecast – By Shape
- 8.3.1. J-Shape
- 8.3.2. Angled
- 8.3.3. Straight
- 8.4. Market Analysis, Insights and Forecast – By Application
- 8.4.1. Peripheral Artery Disease
- 8.4.2. Cardiovascular Diseases
- 8.4.3. Neurovascular Diseases
- 8.4.4. Urological Disease
- 8.5. Market Analysis, Insights and Forecast – By End User
- 8.5.1. Hospitals
- 8.5.2. Clinics
- 8.5.3. Academic Institutes
- 8.6. Market Analysis, Insights and Forecast – By Country
- 8.6.1. China
- 8.6.2. India
- 8.6.3. Japan
- 8.6.4. Australia
- 8.6.5. South East Asia
- 8.6.6. Rest of Asia Pacific
9. Latin America, Middle East and Africa Therapeutic Medical Guidewire Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Type
- 9.2.1. Solid Guidewire
- 9.2.2. Wrapped guidewire
- 9.3. Market Analysis, Insights and Forecast – By Shape
- 9.3.1. J-Shape
- 9.3.2. Angled
- 9.3.3. Straight
- 9.4. Market Analysis, Insights and Forecast – By Application
- 9.4.1. Peripheral Artery Disease
- 9.4.2. Cardiovascular Diseases
- 9.4.3. Neurovascular Diseases
- 9.4.4. Urological Disease
- 9.5. Market Analysis, Insights and Forecast – By End User
- 9.5.1. Hospitals
- 9.5.2. Clinics
- 9.5.3. Academic Institutes
- 9.6. Market Analysis, Insights and Forecast – By Country
- 9.6.1. Brazil
- 9.6.2. Saudi Arabia
- 9.6.3. UAE
- 9.6.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2018
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. Cardinal Health
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. Biotronik
- 10.6. SP Medical AS
- 10.7. Infiniti Medical
- 10.8. Acme Monaco
- 10.9. Abbott
- 10.10. Boston Scientific Corporation
- 10.11. Medtronic
- 10.12. Terumo Medical Corporation
- 10.13. Cook Medical
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
