Guidewire Market Insights 2025, Analysis and Forecast to 2030, by Manufacturers, Regions, Technology, Application, Product Type
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Introduction
Guidewires, available in nitinol, stainless steel, and hybrid types, are critical for minimally invasive procedures addressing CVD (17.9 million deaths) and peripheral artery disease (200 million cases). With China reporting 3.3 billion CVD patients, interventional surgeries are surging. Innovations in coatings, sensors, and micro-designs enhance navigation. Aging populations (2.8 billion elderly in China) and rising chronic diseases drive demand. The global market is projected to reach between USD 1.5 billion and USD 2.2 billion in 2025, with a CAGR of 4.2% to 6.7% through 2030.
Regional Analysis
North America: The U.S. leads with advanced interventions, while Canada focuses on CVD care.
Europe: Germany, France, and the UK drive demand due to high CVD prevalence.
Asia Pacific: China sees growth from interventional procedures, while Japan emphasizes precision.
Rest of the World: Brazil expands vascular care, and India boosts surgical infrastructure.
Application Analysis
Hospitals & Diagnostic Centers & Surgical Centers: Expected growth of 4.3%-6.8%, driven by interventions. Trends focus on precision.
Ambulatory Care Centers: Projected growth of 4.2%-6.7%, linked to outpatient procedures. Developments emphasize efficiency.
Research Laboratories & Academic Institutes: Anticipated growth of 4.1%-6.6%, suited for innovation. Advances prioritize testing.
Type Analysis
Nitinol: Expected growth of 4.4%-6.9%, valued for flexibility. Trends highlight micro-designs.
Stainless Steel: Projected growth of 4.2%-6.7%, key for durability. Advances focus on coatings.
Hybrid: Anticipated growth of 4.5%-7.0%, suited for complex cases. Innovations emphasize sensors.
Key Market Players
Leading firms include Boston Scientific, offering neuro guidewires; Medtronic, launching Steerant; Terumo Medical, scaling interventions; Abbott, enhancing vascular tools; Cook Medical, targeting peripherals; B. Braun, boosting precision; Stryker, advancing neurovascular; Teleflex, focusing on safety; BD, expanding access; and Asahi Intecc, innovating in micro-guidewires.
Porter's Five Forces Analysis
Threat of New Entrants: Low, due to high R&D and regulatory barriers.
Threat of Substitutes: Low, as guidewires are essential for interventions.
Bargaining Power of Buyers: Moderate, with hospitals seeking reliable, cost-effective guidewires, though clinical needs limit options.
Bargaining Power of Suppliers: Moderate, with specialized material providers holding influence.
Competitive Rivalry: High, with competition on precision, innovation, and cost.
Market Opportunities and Challenges
Opportunities:
Rising CVD (17.9 million deaths) and PAD (200 million cases) drive demand.
Aging populations and micro-designs boost adoption, while Asia’s surgical growth enhances usage.
Challenges:
High costs limit access in low-income regions.
Regulatory delays slow innovation.
Skilled interventionalist shortages restrict expansion.
Market News
In June 2024, Medtronic launched the Steerant Aortic Guidewire for EVAR and TEVAR.
In March 2024, Baylis Medical launched the PowerWire Pro RF Guidewire in the U.S.
In April 2023, Hicicare and Zylox-Tonbridge partnered to commercialize vascular guidewires in China.
Chapter 1 Executive Summary
Chapter 2 Abbreviation and Acronyms
Chapter 3 Preface
3.1 Research Scope
3.2 Research Sources
3.2.1 Data Sources
3.2.2 Assumptions
3.3 Research Method
Chapter 4 Market Landscape
4.1 Market Overview
4.2 Classification/Types
4.3 Application/End Users
Chapter 5 Market Trend Analysis
5.1 Introduction
5.2 Drivers
5.3 Restraints
5.4 Opportunities
5.5 Threats
Chapter 6 Industry Chain Analysis
6.1 Upstream/Suppliers Analysis
6.2 Guidewire Analysis
6.2.1 Technology Analysis
6.2.2 Cost Analysis
6.2.3 Market Channel Analysis
6.3 Downstream Buyers/End Users
Chapter 7 Latest Market Dynamics
7.1 Latest News
7.2 Merger and Acquisition
7.3 Planned/Future Project
7.4 Policy Dynamics
Chapter 8 Historical and Forecast Guidewire Market in North America (2020-2030)
8.1 Guidewire Market Size
8.2 Guidewire Market by End Use
8.3 Competition by Players/Suppliers
8.4 Guidewire Market Size by Type
8.5 Key Countries Analysis
8.5.1 United States
8.5.2 Canada
8.5.3 Mexico
Chapter 9 Historical and Forecast Guidewire Market in South America (2020-2030)
9.1 Guidewire Market Size
9.2 Guidewire Market by End Use
9.3 Competition by Players/Suppliers
9.4 Guidewire Market Size by Type
9.5 Key Countries Analysis
9.5.1 Brazil
9.5.2 Argentina
9.5.3 Chile
9.5.4 Peru
Chapter 10 Historical and Forecast Guidewire Market in Asia & Pacific (2020-2030)
10.1 Guidewire Market Size
10.2 Guidewire Market by End Use
10.3 Competition by Players/Suppliers
10.4 Guidewire Market Size by Type
10.5 Key Countries Analysis
10.5.1 China
10.5.2 India
10.5.3 Japan
10.5.4 South Korea
10.5.5 Southest Asia
10.5.6 Australia
Chapter 11 Historical and Forecast Guidewire Market in Europe (2020-2030)
11.1 Guidewire Market Size
11.2 Guidewire Market by End Use
11.3 Competition by Players/Suppliers
11.4 Guidewire Market Size by Type
11.5 Key Countries Analysis
11.5.1 Germany
11.5.2 France
11.5.3 United Kingdom
11.5.4 Italy
11.5.5 Spain
11.5.6 Belgium
11.5.7 Netherlands
11.5.8 Austria
11.5.9 Poland
11.5.10 Russia
Chapter 12 Historical and Forecast Guidewire Market in MEA (2020-2030)
12.1 Guidewire Market Size
12.2 Guidewire Market by End Use
12.3 Competition by Players/Suppliers
12.4 Guidewire Market Size by Type
12.5 Key Countries Analysis
12.5.1 Egypt
12.5.2 Israel
12.5.3 South Africa
12.5.4 Gulf Cooperation Council Countries
12.5.5 Turkey
Chapter 13 Summary For Global Guidewire Market (2020-2025)
13.1 Guidewire Market Size
13.2 Guidewire Market by End Use
13.3 Competition by Players/Suppliers
13.4 Guidewire Market Size by Type
Chapter 14 Global Guidewire Market Forecast (2025-2030)
14.1 Guidewire Market Size Forecast
14.2 Guidewire Application Forecast
14.3 Competition by Players/Suppliers
14.4 Guidewire Type Forecast
Chapter 15 Analysis of Global Key Vendors
15.1 Boston Scientific Corporation
15.1.1 Company Profile
15.1.2 Main Business and Guidewire Information
15.1.3 SWOT Analysis of Boston Scientific Corporation
15.1.4 Boston Scientific Corporation Guidewire Sales, Revenue, Price and Gross Margin (2020-2025)
15.2 Medtronic
15.2.1 Company Profile
15.2.2 Main Business and Guidewire Information
15.2.3 SWOT Analysis of Medtronic
15.2.4 Medtronic Guidewire Sales, Revenue, Price and Gross Margin (2020-2025)
15.3 Terumo Medical
15.3.1 Company Profile
15.3.2 Main Business and Guidewire Information
15.3.3 SWOT Analysis of Terumo Medical
15.3.4 Terumo Medical Guidewire Sales, Revenue, Price and Gross Margin (2020-2025)
15.4 Abbott
15.4.1 Company Profile
15.4.2 Main Business and Guidewire Information
15.4.3 SWOT Analysis of Abbott
15.4.4 Abbott Guidewire Sales, Revenue, Price and Gross Margin (2020-2025)
15.5 Cook Medical
15.5.1 Company Profile
15.5.2 Main Business and Guidewire Information
15.5.3 SWOT Analysis of Cook Medical
15.5.4 Cook Medical Guidewire Sales, Revenue, Price and Gross Margin (2020-2025)
15.6 B. Braun
15.6.1 Company Profile
15.6.2 Main Business and Guidewire Information
15.6.3 SWOT Analysis of B. Braun
15.6.4 B. Braun Guidewire Sales, Revenue, Price and Gross Margin (2020-2025)
15.7 Stryker
15.7.1 Company Profile
15.7.2 Main Business and Guidewire Information
15.7.3 SWOT Analysis of Stryker
15.7.4 Stryker Guidewire Sales, Revenue, Price and Gross Margin (2020-2025)
15.8 Teleflex Incorporated
15.8.1 Company Profile
15.8.2 Main Business and Guidewire Information
15.8.3 SWOT Analysis of Teleflex Incorporated
15.8.4 Teleflex Incorporated Guidewire Sales, Revenue, Price and Gross Margin (2020-2025)
Please ask for sample pages for full companies list
Table Research Scope Of Guidewire Report
Table Data Sources Of Guidewire Report
Table Major Assumptions Of Guidewire Report
Table Guidewire Classification
Table Guidewire Applications
Table Drivers Of Guidewire Market
Table Restraints Of Guidewire Market
Table Opportunities Of Guidewire Market
Table Threats Of Guidewire Market
Table Raw Materials Suppliers
Table Different Production Methods Of Guidewire
Table Cost Structure Analysis Of Guidewire
Table Key End Users
Table Latest News Of Guidewire Market
Table Merger And Acquisition
Table Planned/Future Project Of Guidewire Market
Table Policy Of Guidewire Market
Table 2020-2030 North America Guidewire Market Size
Table 2020-2030 North America Guidewire Market Size By Application
Table 2020-2025 North America Guidewire Key Players Revenue
Table 2020-2025 North America Guidewire Key Players Market Share
Table 2020-2030 North America Guidewire Market Size By Type
Table 2020-2030 United States Guidewire Market Size
Table 2020-2030 Canada Guidewire Market Size
Table 2020-2030 Mexico Guidewire Market Size
Table 2020-2030 South America Guidewire Market Size
Table 2020-2030 South America Guidewire Market Size By Application
Table 2020-2025 South America Guidewire Key Players Revenue
Table 2020-2025 South America Guidewire Key Players Market Share
Table 2020-2030 South America Guidewire Market Size By Type
Table 2020-2030 Brazil Guidewire Market Size
Table 2020-2030 Argentina Guidewire Market Size
Table 2020-2030 Chile Guidewire Market Size
Table 2020-2030 Peru Guidewire Market Size
Table 2020-2030 Asia & Pacific Guidewire Market Size
Table 2020-2030 Asia & Pacific Guidewire Market Size By Application
Table 2020-2025 Asia & Pacific Guidewire Key Players Revenue
Table 2020-2025 Asia & Pacific Guidewire Key Players Market Share
Table 2020-2030 Asia & Pacific Guidewire Market Size By Type
Table 2020-2030 China Guidewire Market Size
Table 2020-2030 India Guidewire Market Size
Table 2020-2030 Japan Guidewire Market Size
Table 2020-2030 South Korea Guidewire Market Size
Table 2020-2030 Southeast Asia Guidewire Market Size
Table 2020-2030 Australia Guidewire Market Size
Table 2020-2030 Europe Guidewire Market Size
Table 2020-2030 Europe Guidewire Market Size By Application
Table 2020-2025 Europe Guidewire Key Players Revenue
Table 2020-2025 Europe Guidewire Key Players Market Share
Table 2020-2030 Europe Guidewire Market Size By Type
Table 2020-2030 Germany Guidewire Market Size
Table 2020-2030 France Guidewire Market Size
Table 2020-2030 United Kingdom Guidewire Market Size
Table 2020-2030 Italy Guidewire Market Size
Table 2020-2030 Spain Guidewire Market Size
Table 2020-2030 Belgium Guidewire Market Size
Table 2020-2030 Netherlands Guidewire Market Size
Table 2020-2030 Austria Guidewire Market Size
Table 2020-2030 Poland Guidewire Market Size
Table 2020-2030 Russia Guidewire Market Size
Table 2020-2030 Mea Guidewire Market Size
Table 2020-2030 Mea Guidewire Market Size By Application
Table 2020-2025 Mea Guidewire Key Players Revenue
Table 2020-2025 Mea Guidewire Key Players Market Share
Table 2020-2030 Mea Guidewire Market Size By Type
Table 2020-2030 Egypt Guidewire Market Size
Table 2020-2030 Israel Guidewire Market Size
Table 2020-2030 South Africa Guidewire Market Size
Table 2020-2030 Gulf Cooperation Council Countries Guidewire Market Size
Table 2020-2030 Turkey Guidewire Market Size
Table 2020-2025 Global Guidewire Market Size By Region
Table 2020-2025 Global Guidewire Market Size Share By Region
Table 2020-2025 Global Guidewire Market Size By Application
Table 2020-2025 Global Guidewire Market Share By Application
Table 2020-2025 Global Guidewire Key Vendors Revenue
Table 2020-2025 Global Guidewire Key Vendors Market Share
Table 2020-2025 Global Guidewire Market Size By Type
Table 2020-2025 Global Guidewire Market Share By Type
Table 2025-2030 Global Guidewire Market Size By Region
Table 2025-2030 Global Guidewire Market Size Share By Region
Table 2025-2030 Global Guidewire Market Size By Application
Table 2025-2030 Global Guidewire Market Share By Application
Table 2025-2030 Global Guidewire Key Vendors Revenue
Table 2025-2030 Global Guidewire Key Vendors Market Share
Table 2025-2030 Global Guidewire Market Size By Type
Table 2025-2030 Guidewire Global Market Share By Type
Figure Market Size Estimated Method
Figure Major Forecasting Factors
Figure Guidewire Picture
Figure 2020-2030 North America Guidewire Market Size And Cagr
Figure 2020-2030 South America Guidewire Market Size And Cagr
Figure 2020-2030 Asia & Pacific Guidewire Market Size And Cagr
Figure 2020-2030 Europe Guidewire Market Size And Cagr
Figure 2020-2030 Mea Guidewire Market Size And Cagr
Figure 2020-2025 Global Guidewire Market Size And Growth Rate
Figure 2025-2030 Global Guidewire Market Size And Growth Rate
Research Methodology
- Market Estimated Methodology:
Bottom-up & top-down approach, supply & demand approach are the most important method which is used by HDIN Research to estimate the market size.
1)Top-down & Bottom-up Approach
Top-down approach uses a general market size figure and determines the percentage that the objective market represents.
Bottom-up approach size the objective market by collecting the sub-segment information.
2)Supply & Demand Approach
Supply approach is based on assessments of the size of each competitor supplying the objective market.
Demand approach combine end-user data within a market to estimate the objective market size. It is sometimes referred to as bottom-up approach.
- Forecasting Methodology
- Numerous factors impacting the market trend are considered for forecast model:
- New technology and application in the future;
- New project planned/under contraction;
- Global and regional underlying economic growth;
- Threatens of substitute products;
- Industry expert opinion;
- Policy and Society implication.
- Analysis Tools
1)PEST Analysis
PEST Analysis is a simple and widely used tool that helps our client analyze the Political, Economic, Socio-Cultural, and Technological changes in their business environment.
- Benefits of a PEST analysis:
- It helps you to spot business opportunities, and it gives you advanced warning of significant threats.
- It reveals the direction of change within your business environment. This helps you shape what you’re doing, so that you work with change, rather than against it.
- It helps you avoid starting projects that are likely to fail, for reasons beyond your control.
- It can help you break free of unconscious assumptions when you enter a new country, region, or market; because it helps you develop an objective view of this new environment.
2)Porter’s Five Force Model Analysis
The Porter’s Five Force Model is a tool that can be used to analyze the opportunities and overall competitive advantage. The five forces that can assist in determining the competitive intensity and potential attractiveness within a specific area.
- Threat of New Entrants: Profitable industries that yield high returns will attract new firms.
- Threat of Substitutes: A substitute product uses a different technology to try to solve the same economic need.
- Bargaining Power of Customers: the ability of customers to put the firm under pressure, which also affects the customer's sensitivity to price changes.
- Bargaining Power of Suppliers: Suppliers of raw materials, components, labor, and services (such as expertise) to the firm can be a source of power over the firm when there are few substitutes.
- Competitive Rivalry: For most industries the intensity of competitive rivalry is the major determinant of the competitiveness of the industry.
3)Value Chain Analysis
Value chain analysis is a tool to identify activities, within and around the firm and relating these activities to an assessment of competitive strength. Value chain can be analyzed by primary activities and supportive activities. Primary activities include: inbound logistics, operations, outbound logistics, marketing & sales, service. Support activities include: technology development, human resource management, management, finance, legal, planning.
4)SWOT Analysis
SWOT analysis is a tool used to evaluate a company's competitive position by identifying its strengths, weaknesses, opportunities and threats. The strengths and weakness is the inner factor; the opportunities and threats are the external factor. By analyzing the inner and external factors, the analysis can provide the detail information of the position of a player and the characteristics of the industry.
- Strengths describe what the player excels at and separates it from the competition
- Weaknesses stop the player from performing at its optimum level.
- Opportunities refer to favorable external factors that the player can use to give it a competitive advantage.
- Threats refer to factors that have the potential to harm the player.
- Data Sources
Primary Sources | Secondary Sources |
---|---|
Face to face/Phone Interviews with market participants, such as: Manufactures; Distributors; End-users; Experts. Online Survey |
Government/International Organization Data: Annual Report/Presentation/Fact Book Internet Source Information Industry Association Data Free/Purchased Database Market Research Report Book/Journal/News |