Product ID: SQMIG35A2110
Global Guidewire Market Size, Share, Growth Analysis, By Product(Coronary Guidewires, Peripheral Guidewire), By Material(Nitinol, Stainless Steel), By Coating(Coated, Non-Coated), By End User(Hospitals, Clinics) - Industry Forecast 2024-2031
Report ID:
SQMIG35A2110 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
119 |
Figures:
77
Global Guidewire Market Insights
Global Guidewire Market size was valued at USD 729.01 million in 2019 and is poised to grow from USD 764 million in 2023 to USD 1165.05 million by 2031, growing at a CAGR of 4.8% in the forecast period (2024-2031).
Widespread use of guidewire technology allows for more accurate and precise access to vascular targets. Both surgical and diagnostic procedures benefit from the use of these devices. Cardiovascular, gastrointestinal, and interventional radiology applications make up the bulk of guidewire usage. Surgical doctors can evaluate and cure abnormalities in intricate anatomical structures because to the device's rigidity, sophisticated tip, coating, and form. Additionally, the use of cutting-edge technologies in guidewires, such as steerability and enhanced vision, can enhance the outcomes of procedures in the global guidewires market.
The technology involved in the development of advanced guidewires to improve functional performance is growing rapidly in recent days. Manufacturers involved in the development of advance guidewires are focusing on the material selection and configuration design and to create more user-friendly, minimally invasive devices that could satisfy the application needs of clinicians, which is also expected to accelerate the market growth during forecast periods.
The number of cardiovascular procedures performed each year in the global guidewires market is anticipated to increase during the projection period due to the significantly rising prevalence of cardiovascular disorders worldwide. Furthermore, it is anticipated that by 2031, the use of these devices would drive market trends for improved guidewires and be fueled by an increase in the number of endoscopic procedures. For instance, research by the American Heart Association (AHA) found that 15.5 million people in the United States had coronary heart disease in 2019 and number is likely to increased by 10 until 2024.
US Guidewire Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Guidewire Market Report Snapshots
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