Peripheral Guidewires Market Size by Segments, Share, Regulatory, Reimbursement, Procedures and Forecast to 2033
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Peripheral Guidewires Market Report Overview
The peripheral guidewires market size was valued at $2.56 billion in 2023. The peripheral guidewires market will grow at a CAGR of more than 3% from 2023 to 2033. Peripheral Guidewires are used during percutaneous transluminal angioplasty (PTA) for guiding stents or balloon catheters to the site of blockage in the peripheral vasculature.
Peripheral guidewires Market Outlook 2023-2033 ($ Billion)
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The peripheral guidewires market research report explains the market behavior, which will help identify quantitative market trends within the cardiovascular devices therapeutic area. The report has extensively covered pipeline products and technologies, which will help in identifying companies with the most robust pipeline. This, in turn, will assist in predictive analysis for designing in-licensing and out-licensing strategies. The peripheral guidewires market model also discusses the detailed impact of COVID-19 on the peripheral guidewires market for 2020 and beyond.
Market Size (2023) | $2.56 billion |
CAGR (2023-2033) | >3% |
Historic Period | 2015-2023 |
Forecast Period | 2023-2033 |
Key Segments |
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Key Regions |
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Key Companies |
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Peripheral Guidewires Market Dynamics
Peripheral guidewires are often used to assist the angiography and angioplasty catheters to reach the affected site in the peripheral artery. Factors such as the indication/lesion of interest, tip design, stiffness, torque, maneuverability, caliber, and lubricity of the guidewire, all play important roles in guidewire selection.
There is a global trend of increasing preference for minimally invasive procedures, especially in cases involving elderly patients. Peripheral angiography and angioplasty follow the same trend. This increased preference along with the growing aging population and increasing prevalence of peripheral artery diseases are the factors driving the market of peripheral guidewires.
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Peripheral Guidewires Market Segments
The key segments in the peripheral guidewires market are hydrophilic peripheral guidewires and non-hydrophilic peripheral guidewires. In 2023, the hydrophilic peripheral guidewires segment was the leading revenue generator for the peripheral guidewires market. The growth of the hydrophilic peripheral guidewires segment can be attributed to the convenience of these guidewires as they provide lower friction and allow easier navigation when compared to non-hydrophilic guidewires.
Peripheral Guidewires Market Analysis by Segments, 2023 (%)
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Peripheral Guidewires Market Segmentation by Regions
The key regions in the peripheral guidewires market are Asia-Pacific, Europe, the Middle East and Africa, North America, and South and Central America. In 2023, North America emerged as the largest regional market.
The market growth can be attributed to lifestyle changes, patient awareness about the warning signs and symptoms, and the deployment of alternative treatment options such as medication. However, due to the rising aging population, the global burden of PAD remains the major driving factor for conditions requiring the use of peripheral guidewires.
Peripheral Guidewires Market Analysis by Regions, 2023 (%)
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The key companies in the peripheral guidewires market are Terumo Corp, Boston Scientific Corp, Abbott Laboratories, Cook Medical Inc, Medtronic Plc, Cordis Corp, Merit Medical Systems Inc, and Asahi Intecc Co Ltd among others. In 2023, Terumo Corp accounted for the highest peripheral guidewires market share and value.
Peripheral Guidewires Market Analysis by Companies, 2023 (%)
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Segments Covered in this Report.
Peripheral Guidewires Segment Outlook ($ Million, 2015-2033)
- Hydrophilic Peripheral Guidewires
- Non-Hydrophilic Peripheral Guidewires
Peripheral Guidewires Regional Outlook ($ Million, 2015-2033)
- Asia-Pacific
- Europe
- Middle East and Africa
- North America
- South and Central America
Key Inclusions of the market model are –
Currently marketed peripheral guidewires market and evolving competitive landscape:
- Insightful review of the key industry trends.
- Annualized total peripheral 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 Peripheral guidewires market.
- Competitive dynamics insights and trends provided for the peripheral guidewires market.
Get an in-depth understanding of consumer behavior through the market access segment and the overview of the healthcare system. The report also offers 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, the report helps determine market trends through real-world data sources including government procedure databases, hospital purchasing databases, and proprietary online databases.
Companies covered: Terumo Corp, Boston Scientific Corp, Abbott Laboratories, Cook Group Inc, Medtronic Plc, Hellman & Friedman LLC, Merit Medical Systems Inc, Asahi Intecc Co Ltd, 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. The model will benefit the following stakeholders:
- CMO executives must have a deep understanding of the peripheral guidewires marketplace to make strategic planning and investment decisions.
- Sourcing and procurement executives must understand crucial components of the supply base to make decisions about supplier selection and management.
- Private equity investors who 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 peripheral guidewires.
- 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 peripheral guidewires.
- 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’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 peripheral 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
Abbott Laboratories
Cook Group Inc
Medtronic Plc
Hellman & Friedman LLC
Merit Medical Systems Inc
Asahi Intecc Co Ltd
Others
Frequently asked questions
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What was the peripheral guidewires market size in 2023?
The peripheral guidewires market size was $2.56 billion in 2023
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What will the peripheral guidewires market CAGR be during 2023-2033?
The peripheral guidewires will grow at a CAGR of more than 3% during 2023-2033.
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Which was the leading segment in the peripheral guidewires market in 2023?
The hydrophilic peripheral guidewires segment was leading the peripheral guidewires market in 2023.
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Which region held the largest share of the peripheral guidewires market in 2023?
North America was the largest regional market for peripheral guidewires in 2023.
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Which are the leading players in the peripheral guidewires market?
The key companies in the peripheral guidewires market are Terumo Corp, Boston Scientific Corp, Abbott Laboratories, Cook Group Inc, Medtronic Plc, Hellman & Friedman LLC, Merit Medical Systems Inc, Asahi Intecc Co Ltd, and Others.
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