The global Guidewires Market Growth Accelerated by Rising adoption of minimally-invasive surgeries


 Guidewires are medical devices that are used to guide other devices like catheters or stents into correct position inside the body during various minimally invasive surgical procedures such as angioplasty and cardiac catheterization. Guidewires are flexible thin wires made up of highly torqueable materials that can maneuver through circulatory system. Guidewires facilitates accurate placement of other medical devices into target locations and guides them by providing support. Rise in prevalence of cardiovascular and urological diseases has increased demand for minimally invasive treatment procedures which has accelerated adoption of guidewires.

The global Guidewires Market is estimated to be valued at US$ 8.1 Bn in 2024 and is expected to exhibit a CAGR of 4.9% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

The rising adoption of minimally invasive surgeries is one of the key trends driving the growth of the guidewires market. Minimally invasive procedures require precision and accuracy to navigate medical devices through complex human anatomy. Guidewires play a crucial role in guiding other surgical tools such as catheters and stents inside the body with ease and safety during minimally invasive treatment of various cardiovascular and urological conditions. As minimally invasive surgeries offer benefits over traditional open surgeries such as lesser pain, shorter hospital stay, and faster recovery, their adoption has increased significantly. This in turn has fueled the demand for guidewires for safe and accurate placement of devices during minimally invasive procedures.


Segment Analysis

The global guidewires market is segmented based on product type, application, end user and material. Based on product type, hydrophilic coated guidewires segment holds the highest market share. Hydrophilic coating reduces friction during movement inside blood vessels and body cavities making them a preferred choice. Based on application, cardiovascular guidewires segment dominates the market, accounting for over 50% share. The dominance is attributed to high prevalence of cardiovascular diseases.

Key Takeaways

The global Guidewires market is expected to witness high growth over the forecast period of 2023 to 2030. The global Guidewires Market is estimated to be valued at US$ 8.1 Bn in 2024 and is expected to exhibit a CAGR of 4.9% over the forecast period 2023 to 2030.

North America is currently the dominant in the guidewires market owing to rising prevalence of chronic diseases, increase in surgical procedures and presence of sophisticated healthcare facilities. Factors such increasing number of interventional procedures, rising geriatric population and surging prevalence of cardiovascular and neurological disorders are driving the growth of the guidewires market in this region.

Key players:

Key players operating in the Guidewires market are Boston Scientific Corporation, ASAHI INTECC Inc., Cordis Corporation and C.R. Bard. Boston Scientific Corporation holds the highest market share owing to its wide range of product offerings and strong global footprint across major markets

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