Coronary Guidewires Market Size by Segments, Share, Regulatory, Reimbursement, Procedures and Forecast to 2033
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Coronary Guidewires Market Overview
The coronary guidewires market size was valued at $1.27 billion in 2022. A coronary guidewire is used to navigate catheters during angiography and Percutaneous Coronary Interventions (PCIs). The guidewire has an elongated body which provides flexibility and a distal tip. Generally, a coronary guidewire has three parts: a central core, outer covering, and flexible distal tip. The core is made of either stainless steel, dura steel, or nitinol. The coating on the guidewire may be either hydrophilic or hydrophobic. One unit refers to one coronary guidewire.
Coronary Guidewires Market Outlook, 2022-2033 ($ Billion)
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The coronary guidewires market research report is built to visualize quantitative market trends. It discusses in detail the impact of COVID-19 on the coronary guidewires market for the year 2020 and beyond. The report will help to develop and design your in-licensing and out-licensing strategies through a review of pipeline products and technologies, and by identifying the companies with the most robust pipeline.
Market Size (2022) | $1.27 billion |
Forecast period | 2023-2033 |
Historical Period | 2015-2022 |
Key Regions |
|
Key Segments | · Standard Coronary Guidewires
· Fractional Flow Reserve (FFR) Coronary Guidewires |
Leading Companies | · Abbott Laboratories
· Terumo Corp · Koninklijke Philips NV · Boston Scientific Corp · Medtronic Plc |
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Coronary Guidewires Market Dynamics
Secondary sources indicate that the prevalence of AP and MI is increasing, resulting in an increase in PCI procedures. The increasing usage of PCI procedures is attributed to its increased survival rate by improving blood flow. Recovery from PCI is much faster than from Coronary artery bypass grafting (CABG), which is invasive in nature. Additionally, PCI is less painful and requires a shorter hospital stay. GlobalData predicts that PCI procedures will increase in North America, Europe, and Australia significantly. Coronary guidewires usage will increase steadily with the increased popularity of PCI procedures.
Coronary Guidewires Market by Segments
The key segments in the coronary guidewires market are standard coronary guidewires and Fractional flow reserve (FFR) coronary guidewires. Standard coronary guidewires led the market in 2022.
Coronary guidewires are used to navigate catheters during angiography and Percutaneous Coronary Interventions (PCIs). A standard coronary guidewire has an elongated body which provides flexibility and a distal tip. Generally, a coronary guidewire has three parts: a central core, an outer covering, and a flexible distal tip. The core is made of either stainless steel, dura steel, or nitinol. The coating on the guidewire may be either hydrophilic or hydrophobic. One unit refers to one standard coronary guidewire.
Coronary Guidewires Market Analysis by Segments, 2022 (%)
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Coronary Guidewires Market Segmentation by Regions
The key regions in the coronary guidewires market are North America, Europe, Asia Pacific, South Central America, and the Middle East and Africa. North America led the market in 2022. However, GlobalData expects North America to experience minor growth in the number of PCI procedures during the forecast period due to changing trends in aging populations and the increasing prevalence of AP and MI. This growth is expected to have minimal impact on the overall coronary guidewire market.
Coronary Guidewires Market Analysis by Regions, 2022 (%)
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Coronary Guidewires Market - Competitive Landscape
Some of the leading companies in the coronary guidewires market are Abbott Laboratories, Terumo Corp, Koninklijke Philips NV, Boston Scientific Corp, and Medtronic Plc among others. Abbott Laboratories dominated the market in 2022.
Coronary Guidewires Market Analysis by Companies, 2022 (%)
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Segments Covered in the Report
Coronary Guidewires Segments Outlook (Value, $ Billion, 2015-2033)
- Standard Coronary Guidewires
- Fractional Flow Reserve (FFR) Coronary Guidewires
Coronary Guidewires Regional Outlook (Value, $ Billion, 2015-2033)
- North America
- Europe
- Asia Pacific
- South Central America
- Middle East and Africa
Key Inclusions of the market model are –
Currently marketed coronary guidewires market and evolving competitive landscape –
- Insightful review of the key industry trends.
- Annualized total coronary guidewires market revenue by segment and market outlooks from 2015-2033.
- Market-level data on units, average selling prices, and market values.
Global, Regional, and Country level market specific insights –
- Qualitative market-specific information is available with global trends further broken down into regional trends. In addition, GlobalData analysts provide unique country-specific insights on the market.
- SWOT analysis for the coronary guidewires market.
- Competitive dynamics insights and trends provided for the coronary guidewires market.
Drive the understanding of the market by getting the veritable big picture including an overview of the healthcare system. In addition, the Market Access segment allows you to delve deeper into market dynamics with information on reimbursement policies and the regulatory landscape.
- Country-specific overview of the healthcare system.
- Country-specific reimbursement policies.
- Country-specific medtech regulatory landscape.
Robust methodologies and sources enable the model to provide an extensive and accurate overview of the market. Demand and supply-side primary sources are integrated within the syndicated models, including Key Opinion Leaders. In addition, real-world data sources are leveraged to determine market trends; these include government procedure databases, hospital purchasing databases, and proprietary online databases.
Companies covered: Abbott Laboratories, Terumo Corp, Boston Scientific Corp, Medtronic Plc, Koninklijke Philips NV, Asahi Intecc Co Ltd, B Braun Melsungen AG, Lepu Medical Technology (Beijing) Co Ltd, Hellman & Friedman LLC, Japan Lifeline Co Ltd, Cook Group Inc, Biotronik SE & Co KG, Opsens Inc, and Others.
Countries covered: United States, United Kingdom, Germany, France, Italy, Spain, Brazil, China, India, Russia, Japan, Australia, Canada, Mexico, South Korea, Denmark, Ireland, Netherlands, New Zealand, South Africa, Sweden, Switzerland, Austria, Belgium, Finland, Israel, Norway, Poland, Portugal, Taiwan, Czech Republic, Greece, Hungary, Turkey, Egypt, Saudi Arabia, United Arab Emirates, Argentina, and Chile.
Scope
This Market Model gives important, expert insight you won’t find in any other source. The model illustrates qualitative and quantitative trends within the specified market. This model is required reading for –
- CMO executives who must have deep understanding of the coronary guidewires marketplace to make strategic planning and investment decisions.
- Sourcing and procurement executives who must understand crucial components of the supply base in order to make decisions about supplier selection and management.
- Private equity investors that need a deeper understanding of the market to identify and value potential investment targets.
Reasons to Buy
The model will enable you to –
- Understand the impact of COVID-19 on the coronary guidewires market.
- Develop and design your in-licensing and out-licensing strategies through a review of pipeline products and technologies, and by identifying the companies with the most robust pipeline.
- Develop business strategies by understanding the trends shaping and driving the coronary guidewires market.
- Drive revenues by understanding the key trends, innovative products and technologies, market segments, and companies likely to impact the coronary guidewires market in the future.
- Formulate effective sales and marketing strategies by understanding the competitive landscape and by analyzing the company’s share of market leaders.
- Identify emerging players with potentially strong product portfolios and create effective counter-strategies to gain a competitive advantage.
- Track device sales in the global and country-specific coronary guidewires market from 2015-2033.
- Organize your sales and marketing efforts by identifying the market categories and segments that present maximum opportunities for consolidations, investments, and strategic partnerships.
Boston Scientific Corp
Medtronic Plc
Asahi Intecc Co Ltd
B Braun Melsungen AG
Lepu Medical Technology (Beijing) Co Ltd
Abbott Laboratories Hellman & Friedman LLC
Japan Lifeline Co Ltd
Cook Group Inc
Koninklijke Philips NV
Opsens Inc
Biotronik SE & Co KG Others
Frequently asked questions
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What was the coronary guidewires market size in 2022?
The coronary guidewires market size was $1.27 billion in 2022.
-
Which was the leading segment in the coronary guidewires market?
The standard coronary guidewires segment was leading the coronary guidewires market in 2022s.
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Which region dominated the coronary guidewires market in 2022?
North America was the largest regional segment of the coronary guidewires market in 2022.
-
Which are the leading companies in the coronary guidewires market?
Some of the leading companies in the coronary guidewires market are Abbott Laboratories, Terumo Corp, Koninklijke Philips NV, Boston Scientific Corp, and Medtronic Plc among others. Abbott Laboratories dominated the market in 2022.
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