NEW YORK , Aug. 16, 2022 /PRNewswire/ — The peripheral guidewires market will be driven by factors such as the increasing demand for MI procedures. Peripheral guidewires are MI medical supplies that are used to access the peripheral vessels inside the human body. MI methods are replacing conventional surgical procedures and traditional techniques of laparoscopy. These methods have various advantages such as low chances of infection, few complications, short hospital stays, and early recovery. The MI approach is becoming the standard for efficient and low-risk surgical procedures. This is because the procedure is a feasible, safe, and patient-friendly method of performing surgery. These factors will fuel the growth of the market during the forecast period.
The peripheral guidewires market size is expected to grow by USD 195.21 million from 2021 to 2026. In addition, the growth momentum of the market will accelerate at a CAGR of 7.06% during the forecast period.
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Advances in guidewire technology is one of the key trends in the market. The emergence of peripheral guidewires with features such as super elasticity, customized shapes, maximal deflection, and others has led to new opportunities for end-users. Some of the companies that offer advanced peripheral guidewires include Merit medical systems and Laureate hydrophilic guide Wires. The high lubricity allows the guidewire to cross the most difficult lesions, thus ensuring successful outcomes for even difficult interventional and diagnostic procedures. Abbott Laboratories offers HI-Torque Command Peripheral Guide Wire, which comes with a hydrophilic coating on radiopaque polymer. In addition, Boston Scientific offers ZIPwire Nitinol Hydrophilic Guidewire, which is available with a superelastic nitinol core for enhanced control. The highly radiopaque jacket has been designed to improve visibility under fluoroscopy, which leads to the accurate positioning of the device. All these advances will support the growth of the market during the forecast period.
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This market research report segments the peripheral guidewires market by type (interventional and diagnostic) and geography (North America, Europe, Asia, and Rest of World (ROW)).
North America leads the peripheral guidewires market by geography. During the forecast period, the region is expected to register 37% of the market’s growth. This growth is attributed to factors such as the prevalence of high-risk factors for vascular diseases, including high blood pressure and cholesterol, as well as the presence of peripheral vascular programs and associations. However, market growth in this region will be slower than the growth of the market in other regions. The US and Canada are the key countries for the peripheral guidewires market in North America.
By type, the interventional segment will have the highest market share growth during the forecast period. Advances in guidewire designs and a better understanding of their uses have improved the success rate of interventional procedures, which is driving the growth of this segment.
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Peripheral Guidewires Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 7.06% |
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Market growth 2022-2026 |
USD 195.21 million |
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Market structure |
Fragmented |
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YoY growth (%) |
6.53 |
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Regional analysis |
North America, Europe, Asia, and Rest of World (ROW) |
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Performing market contribution |
North America at 37% |
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Key consumer countries |
US, Canada, Germany, France, China, and Japan |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
Abbott Laboratories, Asahi Intecc Co. Ltd., B. Braun SE, Becton Dickinson and Co., BIOTRONIK SE and Co KG, Boston Scientific Corp., Cardinal Health Inc., Conmed Corp., Cook Group Inc., EPflex Feinwerktechnik GmbH, Heraeus Holding GmbH, Integer Holdings Corp., Kimal Group, Medtronic Plc, Merit Medical Systems Inc., MicroPort Scientific Corp., Opsens Inc., optimized Medical Instruments GmbH, SP Group AS, TE Connectivity Ltd., Teleflex Inc., and Terumo Corp. |
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Market dynamics |
Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
- Exhibit 06: Executive Summary – Chart on Incremental Growth
- Exhibit 07: Executive Summary – Data Table on Incremental Growth
- Exhibit 08: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 09: Parent market
- Exhibit 10: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 11: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 12: Market segments
- 3.3 Market size 2021
- 3.4 Market outlook: Forecast for 2021-2026
- Exhibit 13: Chart on Global – Market size and forecast 2021-2026 ($ million)
- Exhibit 14: Data Table on Global – Market size and forecast 2021-2026 ($ million)
- Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
- Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)
4 Five Forces Analysis
- 4.1 Five forces summary
- Exhibit 17: Five forces analysis – Comparison between 2021 and 2026
- 4.2 Bargaining power of buyers
- Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
- 4.3 Bargaining power of suppliers
- Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
- 4.4 Threat of new entrants
- Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
- 4.5 Threat of substitutes
- Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
- 4.6 Threat of rivalry
- Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
- 4.7 Market condition
- Exhibit 23: Chart on Market condition – Five forces 2021 and 2026
5 Market Segmentation by Type
- 5.1 Market segments
- Exhibit 24: Chart on Type – Market share 2021-2026 (%)
- Exhibit 25: Data Table on Type – Market share 2021-2026 (%)
- 5.2 Comparison by Type
- Exhibit 26: Chart on Comparison by Type
- Exhibit 27: Data Table on Comparison by Type
- 5.3 Interventional – Market size and forecast 2021-2026
- Exhibit 28: Chart on Interventional – Market size and forecast 2021-2026 ($ million)
- Exhibit 29: Data Table on Interventional – Market size and forecast 2021-2026 ($ million)
- Exhibit 30: Chart on Interventional – Year-over-year growth 2021-2026 (%)
- Exhibit 31: Data Table on Interventional – Year-over-year growth 2021-2026 (%)
- 5.4 Diagnostic – Market size and forecast 2021-2026
- Exhibit 32: Chart on Diagnostic – Market size and forecast 2021-2026 ($ million)
- Exhibit 33: Data Table on Diagnostic – Market size and forecast 2021-2026 ($ million)
- Exhibit 34: Chart on Diagnostic – Year-over-year growth 2021-2026 (%)
- Exhibit 35: Data Table on Diagnostic – Year-over-year growth 2021-2026 (%)
- 5.5 Market opportunity by Type
- Exhibit 36: Market opportunity by Type ($ million)
6 Customer Landscape
- 6.1 Customer landscape overview
- Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
7 Geographic Landscape
- 7.1 Geographic segmentation
- Exhibit 38: Chart on Market share by geography 2021-2026 (%)
- Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
- 7.2 Geographic comparison
- Exhibit 40: Chart on Geographic comparison
- Exhibit 41: Data Table on Geographic comparison
- 7.3 North America – Market size and forecast 2021-2026
- Exhibit 42: Chart on North America – Market size and forecast 2021-2026 ($ million)
- Exhibit 43: Data Table on North America – Market size and forecast 2021-2026 ($ million)
- Exhibit 44: Chart on North America – Year-over-year growth 2021-2026 (%)
- Exhibit 45: Data Table on North America – Year-over-year growth 2021-2026 (%)
- 7.4 Europe – Market size and forecast 2021-2026
- Exhibit 46: Chart on Europe – Market size and forecast 2021-2026 ($ million)
- Exhibit 47: Data Table on Europe – Market size and forecast 2021-2026 ($ million)
- Exhibit 48: Chart on Europe – Year-over-year growth 2021-2026 (%)
- Exhibit 49: Data Table on Europe – Year-over-year growth 2021-2026 (%)
- 7.5 Asia – Market size and forecast 2021-2026
- Exhibit 50: Chart on Asia – Market size and forecast 2021-2026 ($ million)
- Exhibit 51: Data Table on Asia – Market size and forecast 2021-2026 ($ million)
- Exhibit 52: Chart on Asia – Year-over-year growth 2021-2026 (%)
- Exhibit 53: Data Table on Asia – Year-over-year growth 2021-2026 (%)
- 7.6 Rest of World (ROW) – Market size and forecast 2021-2026
- Exhibit 54: Chart on Rest of World (ROW) – Market size and forecast 2021-2026 ($ million)
- Exhibit 55: Data Table on Rest of World (ROW) – Market size and forecast 2021-2026 ($ million)
- Exhibit 56: Chart on Rest of World (ROW) – Year-over-year growth 2021-2026 (%)
- Exhibit 57: Data Table on Rest of World (ROW) – Year-over-year growth 2021-2026 (%)
- 7.7 US – Market size and forecast 2021-2026
- Exhibit 58: Chart on US – Market size and forecast 2021-2026 ($ million)
- Exhibit 59: Data Table on US – Market size and forecast 2021-2026 ($ million)
- Exhibit 60: Chart on US – Year-over-year growth 2021-2026 (%)
- Exhibit 61: Data Table on US – Year-over-year growth 2021-2026 (%)
- 7.8 China – Market size and forecast 2021-2026
- Exhibit 62: Chart on China – Market size and forecast 2021-2026 ($ million)
- Exhibit 63: Data Table on China – Market size and forecast 2021-2026 ($ million)
- Exhibit 64: Chart on China – Year-over-year growth 2021-2026 (%)
- Exhibit 65: Data Table on China – Year-over-year growth 2021-2026 (%)
- 7.9 Germany – Market size and forecast 2021-2026
- Exhibit 66: Chart on Germany – Market size and forecast 2021-2026 ($ million)
- Exhibit 67: Data Table on Germany – Market size and forecast 2021-2026 ($ million)
- Exhibit 68: Chart on Germany – Year-over-year growth 2021-2026 (%)
- Exhibit 69: Data Table on Germany – Year-over-year growth 2021-2026 (%)
- 7.10 Canada – Market size and forecast 2021-2026
- Exhibit 70: Chart on Canada – Market size and forecast 2021-2026 ($ million)
- Exhibit 71: Data Table on Canada – Market size and forecast 2021-2026 ($ million)
- Exhibit 72: Chart on Canada – Year-over-year growth 2021-2026 (%)
- Exhibit 73: Data Table on Canada – Year-over-year growth 2021-2026 (%)
- 7.11 France – Market size and forecast 2021-2026
- Exhibit 74: Chart on France – Market size and forecast 2021-2026 ($ million)
- Exhibit 75: Data Table on France – Market size and forecast 2021-2026 ($ million)
- Exhibit 76: Chart on France – Year-over-year growth 2021-2026 (%)
- Exhibit 77: Data Table on France – Year-over-year growth 2021-2026 (%)
- 7.12 Japan – Market size and forecast 2021-2026
- Exhibit 78: Chart on Japan – Market size and forecast 2021-2026 ($ million)
- Exhibit 79: Data Table on Japan – Market size and forecast 2021-2026 ($ million)
- Exhibit 80: Chart on Japan – Year-over-year growth 2021-2026 (%)
- Exhibit 81: Data Table on Japan – Year-over-year growth 2021-2026 (%)
- 7.13 Market opportunity by geography
- Exhibit 82: Market opportunity by geography ($ million)
8 Drivers, Challenges, and Trends
- 8.1 Market drivers
- 8.2 Market challenges
- 8.3 Impact of drivers and challenges
- Exhibit 83: Impact of drivers and challenges in 2021 and 2026
- 8.4 Market trends
9 Vendor Landscape
- 9.1 Overview
- 9.2 Vendor landscape
- Exhibit 84: Overview on Criticality of inputs and Factors of differentiation
- 9.3 Landscape disruption
- Exhibit 85: Overview on factors of disruption
- 9.4 Industry risks
- Exhibit 86: Impact of key risks on business
10 Vendor Analysis
- 10.1 Vendors covered
- Exhibit 87: Vendors covered
- 10.2 Market positioning of vendors
- Exhibit 88: Matrix on vendor position and classification
- 10.3 Abbott Laboratories
- Exhibit 89: Abbott Laboratories – Overview
- Exhibit 90: Abbott Laboratories – Business segments
- Exhibit 91: Abbott Laboratories – Key news
- Exhibit 92: Abbott Laboratories – Key offerings
- Exhibit 93: Abbott Laboratories – Segment focus
- 10.4 Asahi Intecc Co. Ltd.
- Exhibit 94: Asahi Intecc Co. Ltd. – Overview
- Exhibit 95: Asahi Intecc Co. Ltd. – Business segments
- Exhibit 96: Asahi Intecc Co. Ltd. – Key news
- Exhibit 97: Asahi Intecc Co. Ltd. – Key offerings
- Exhibit 98: Asahi Intecc Co. Ltd. – Segment focus
- 10.5 B. Braun SE
- Exhibit 99: B. Braun SE – Overview
- Exhibit 100: B. Braun SE – Business segments
- Exhibit 101: B. Braun SE – Key news
- Exhibit 102: B. Braun SE – Key offerings
- Exhibit 103: B. Braun SE – Segment focus
- 10.6 Becton Dickinson and Co.
- Exhibit 104: Becton Dickinson and Co. – Overview
- Exhibit 105: Becton Dickinson and Co. – Business segments
- Exhibit 106: Becton Dickinson and Co. – Key news
- Exhibit 107: Becton Dickinson and Co. – Key offerings
- Exhibit 108: Becton Dickinson and Co. – Segment focus
- 10.7 Boston Scientific Corp.
- Exhibit 109: Boston Scientific Corp. – Overview
- Exhibit 110: Boston Scientific Corp. – Business segments
- Exhibit 111: Boston Scientific Corp. – Key news
- Exhibit 112: Boston Scientific Corp. – Key offerings
- Exhibit 113: Boston Scientific Corp. – Segment focus
- 10.8 Cardinal Health Inc.
- Exhibit 114: Cardinal Health Inc. – Overview
- Exhibit 115: Cardinal Health Inc. – Business segments
- Exhibit 116: Cardinal Health Inc. – Key news
- Exhibit 117: Cardinal Health Inc. – Key offerings
- Exhibit 118: Cardinal Health Inc. – Segment focus
- 10.9 Cook Group Inc.
- Exhibit 119: Cook Group Inc. – Overview
- Exhibit 120: Cook Group Inc. – Product / Service
- Exhibit 121: Cook Group Inc. – Key offerings
- 10.10 Medtronic Plc
- Exhibit 122: Medtronic Plc – Overview
- Exhibit 123: Medtronic Plc – Business segments
- Exhibit 124: Medtronic Plc – Key news
- Exhibit 125: Medtronic Plc – Key offerings
- Exhibit 126: Medtronic Plc – Segment focus
- 10.11 Merit Medical Systems Inc.
- Exhibit 127: Merit Medical Systems Inc. – Overview
- Exhibit 128: Merit Medical Systems Inc. – Business segments
- Exhibit 129: Merit Medical Systems Inc. – Key offerings
- Exhibit 130: Merit Medical Systems Inc. – Segment focus
- 10.12 Terumo Corp.
- Exhibit 131: Terumo Corp. – Overview
- Exhibit 132: Terumo Corp. – Business segments
- Exhibit 133: Terumo Corp. – Key news
- Exhibit 134: Terumo Corp. – Key offerings
- Exhibit 135: Terumo Corp. – Segment focus
11 Appendix
- 11.1 Scope of the report
- 11.2 Inclusions and exclusions checklist
- Exhibit 136: Inclusions checklist
- Exhibit 137: Exclusions checklist
- 11.3 Currency conversion rates for US$
- Exhibit 138: Currency conversion rates for US$
- 11.4 Research methodology
- Exhibit 139: Research methodology
- Exhibit 140: Validation techniques employed for market sizing
- Exhibit 141: Information sources
- 11.5 List of abbreviations
- Exhibit 142: List of abbreviations
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Technavio Research
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Email: media@technavio.com
Website: www.technavio.com/
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