Peripheral Guidewires Market Size (Value, Volume, ASP) by Segments, Share, Trend and SWOT Analysis, Regulatory and Reimbursement Landscape, Procedures, and Forecast, 2015-2030

Pages: 0 Published: May 10, 2022 Report Code: GDME672MM

The peripheral guidewires market was valued at $1.06 billion in 2021. Peripheral vascular disease or peripheral artery disease (PAD) is characterized by the build-up of atherosclerotic plaque in the lower extremity, carotid, and renal arteries. It can lead to pain, fatigue, and discomfort in the muscles of the feet, calves, or thighs which manifests during walking or exercise. The increasing prevalence of PAD worldwide can be attributed to risk factors and comorbidities such as diabetes, hypertension, obesity, and tobacco use. The aging population, the high prevalence of the disease in the developed countries, and the development of new and improved diagnostic modalities have contributed to increased treatment rates using minimally-invasive techniques, such as balloon angioplasty, stenting, and atherectomy. Reaching the affected site is one of the primary challenges for the success of these minimally invasive procedures and is usually overcome with the help of guidewires.

Peripheral guidewires market overview

Peripheral guidewires market overview

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What are the market dynamics in the peripheral guidewires market?

The physician’s decision to use a specific type of guidewire depends on several factors, including the indication/lesion of interest, the torque and the lubricity of the wire, the caliber of the wire, and the tactile feedback provided. The aging population across the world means that PAD represents a growing health concern. The percentage of PAD patients treated with minimally invasive techniques is expected to increase in the forecast period, which will reflect in the increasing market of guidewires.

What is the regional outlook of the peripheral guidewires market?

The key regions in the peripheral guidewires market are North America, Europe, Asia Pacific, South and Central America, and Middle East and Africa.

Peripheral guidewires market in North America

The US, Canada, and Mexico will observe slow growth in lower extremity PAD prevalence numbers. This is due to adoption of a better lifestyle, recent efforts to educate patients about the warning signs and symptoms, and the adoption of alternative treatment options such as medication. However, due to the aging population, the global burden of PAD still remains the major driving factor of procedures requiring peripheral guidewires.

Peripheral guidewires market in Asia Pacific

Improvements in healthcare in this region have led to the adoption of endovascular procedures to treat the growing aging population. The prevalence and detection rates of PAD in the lower extremities are on the rise, where minimally invasive techniques have been associated with improved clinical outcomes. While angioplasty is relatively common in the region, the high cost of the procedure limits it.

Peripheral guidewires market in South and Central America

With the improving healthcare infrastructures and broadening of distribution networks, the market is expected to grow steadily in the region. Although there is a high demand for cardiovascular treatment, the healthcare infrastructure in South American countries is generally limited to having advanced facilities in urban centers.

Peripheral guidewires market in Middle East and Africa

The increase in the aging population is one of the main driving factors for growth of peripheral guidewires in the region. However, healthcare infrastructure issues, socioeconomic factors, and lack of advanced healthcare accessibility for the rural population are limiting the growth of the market.

What are the key segments in the peripheral guidewires market?

The key segments in the peripheral guidewires market are hydrophilic peripheral guidewires and non-hydrophilic peripheral guidewires.

Peripheral guidewires market, by segments

Peripheral guidewires market, by segments

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What are the key companies in the peripheral guidewires market?

Some of the key companies in the peripheral guidewires market are Terumo Corp, Boston Scientific Corp, Abbott Laboratories, Cook Group Inc, Medtronic Plc, Cardinal Health Inc, Merit Medical Systems Inc, and Asahi Intecc Co Ltd.

Peripheral guidewires market, by key companies

Peripheral guidewires market, by key companies

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Market Report Scope

Market size (Year – 2021) $1.06 billion
Forecast period 2021-2030
Key regions North America, Europe, Asia Pacific, South and Central America, and Middle East and Africa
Key segments Hydrophilic Peripheral Guidewires and Non-Hydrophilic Peripheral Guidewires
Key companies Terumo Corp, Boston Scientific Corp, Abbott Laboratories, Cook Group Inc, Medtronic Plc, Cardinal Health Inc, Merit Medical Systems Inc, and Asahi Intecc Co Ltd

Market Report Scope

This report provides:

  • Currently marketed Peripheral Guidewires and evolving competitive landscape.
  • Insightful review of the key industry trends.
  • Annualized total Peripheral Guidewires market revenue by segment and market outlooks from 2015-2030.
  • Granular data on total procedures, units, average selling prices, and market values by segment.
  • Global, regional, and country-level market-specific insights.
  • Qualitative market-specific information with global trends further broken down into regional trends. In addition, GlobalData analysts provide unique country-specific insights on the market.
  • SWOT analysis for Peripheral Guidewires market.
  • Competitive dynamics insights and trends provided for the Peripheral Guidewires market.
  • Country specific overview of the healthcare system.
  • Country specific reimbursement policies.
  • Country specific medtech regulatory landscape.

Reasons to Buy

  • 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 Peripheral Guidewires market.
  • Drive revenues by understanding the key trends, innovative products and technologies, market segments, and companies likely to impact the Peripheral Guidewires market in the future.
  • Formulate effective sales and marketing strategies by understanding the competitive landscape and by analyzing the company share of market leaders.
  • Identify emerging players with potentially strong product portfolios and create effective counterstrategies to gain a competitive advantage.
  • Track device sales in the global and country-specific Peripheral Guidewires market from 2015-2030.
  • Organize your sales and marketing efforts by identifying the market categories and segments that present maximum opportunities for consolidations, investments, and strategic partnerships.

Table of Contents

 

Frequently Asked Questions

The peripheral guidewires market was valued at $1.06 billion in 2021.

 

 

 

 

 

The key regions in the peripheral guidewires market are North America, Europe, Asia Pacific, South and Central America, and Middle East and Africa.

The key segments in the peripheral guidewires market are hydrophilic peripheral guidewires and non-hydrophilic peripheral guidewires.

Some of the key companies in the peripheral guidewires market are Terumo Corp, Boston Scientific Corp, Abbott Laboratories, Cook Group Inc, Medtronic Plc, Cardinal Health Inc, Merit Medical Systems Inc, and Asahi Intecc Co Ltd.

Terumo Corp has the largest market share in the peripheral guidewires market.

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