Coronary Guidewires Market - Global Market Share, Trends, Analysis and Forecasts, 2023-2032
Shifting preference towards minimal invasive surgical procedures, strong prevalence of cardiovascular diseases, increasing number of patients affected with lifestyle disorders, and technological advancement in medical technology are the major factors driving the growth of the global coronary guidewire market. The coronary guidewires are used to establish a route towards the lesion or blockage in the coronary system and navigate the surgical instruments for surgical procedures. The coronary guidewires are primarily used during the percutaneous transluminal angioplasty (PTA) and percutaneous transluminal coronary angioplasty (PTCA) for placement of balloon dilatation catheters.
The prevalence of cardiovascular diseases has increased significantly during past few decades fueled by expanding obese population and emergence of other lifestyle disorders. Additionally, with expanding geriatric population, the burden of cardiovascular diseases is anticipated to increasing in coming years. However, advancements in medical technology has significantly helped to tackle the health hazards posed by cardiovascular diseases. Emergence and adoption of minimal invasive surgical procedures for treatment of intricate medical conditions such as atherosclerosis has fueled the adoption of advanced surgical equipment such as coronary stents, coronary guidewires, catheters, and other devices. This has fueled the growth of the global coronary guidewire market. The global coronary guidewire market is expected to grow significantly during the forecast period.
North America contributed the largest share to the global coronary guidewires market owing to strong prevalence of cardiovascular diseases, increasing investment in new product development, and rising awareness regarding cardiovascular disorders. Additionally, presence of leading medical device manufacturing companies and availability of robust healthcare infrastructure is anticipated to contribute towards the growth of North America coronary guidewire market in coming years.
Asia Pacific contributed a prominent share to the global coronary guidewire market in 2019 and is expected to be the fastest growing segment during the forecast period. Increasing number of cardiovascular patients, rising awareness, increasing adoption of advanced medical technology and expansion of healthcare equipment manufacturing industry are anticipated to bolster the growth of Asia Pacific coronary guidewire market during the forecast period.
The report titled “Coronary Guidewires Market - Global Market Share, Trends, Analysis and Forecasts, 2022-2032”, wherein 2020 is historic period, 2021 is the base year, and 2022 to 2032 is forecast period. Additionally, the study takes into consideration the competitive landscape, wherein the report would provide company overview and market outlook for leading players in the global coronary guidewires market. Furthermore, the report would reflect the key developments, global & regional sales network, business strategies, research & development activities, employee strength, and key executive, for all the major players operating in the market. For instance, Abbott Laboratories reported revenues of US$ 31.9 billion in 2019 and the product segment analysis of the company indicates that Medical Devices business segment of the company dominated revenue in 2019.
The global coronary guidewires market is segmented based on material, tip flexibility, coating type, end user, and geography. Based on material, the global coronary guidewires market is segmented into nitinol, stainless steel, and hybrid. Based on tip flexibility, the global coronary guidewires market is segmented into soft, intermediate, and hard. Based on coating type, the global coronary guidewires market is segmented into hydrophobic coating and hydrophilic coating. Based on end user, the global coronary guidewires market is segmented into hospitals, specialty clinics, and others. Based on geography, the global Coronary Guidewires market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
The research provides in-depth analysis of prominent players holding majority share of the global market with a focus on all operating business segment, and would identify the segment of the company focusing on coronary guidewires. Further, market share of prominent companies in the global coronary guidewires market would also be estimated. For instance, Abbott Laboratories operates through four business segments namely Established Pharmaceutical Products, Nutritionals, Diagnostics, and Medical Devices. The coronary guidewires are delivered under Medical Devices business segment of the company with revenue contribution of US$ 12,239 million in 2019.
The study takes into consideration the key competitive information such as business strategy, product portfolio, key development, SWOT analysis, and research and development focus of all the coronary guidewires companies. The global coronary guidewires market study would take into consideration the participants engaged throughout the supply chain and value chain of the market, along with their contribution. Product portfolio would focus on all the products under the coronary guidewires business segment of the company. Similarly, the recent development section would focus on the latest developments of company such as strategic alliances and partnerships, merger and acquisition, new product launched and geographic expansion in the global coronary guidewires market.
Major players active in the global coronary guidewires market include Abbott Laboratories, BIOTRONIK SE & Co. KG, Boston Scientific Corporation, Cardinal Health, Inc, Integer Holdings Corporation, JOTEC GmbH, Medtronic PLC, Merit Medical Systems, QXMedical, LLC, and Terumo Medical Corporation.
The Global Coronary Guidewires Market Is Segmented As Below:
Based On Material
- Nitinol
- Stainless Steel
- Hybrid
Based On Tip Flexibility
- Soft
- Intermediate
- Hard
Based On Coating Type
- Hydrophobic Coating
- Hydrophilic Coating
Based On End User
- Hospitals
- Specialty Clinics
- Others
By Regions
- North America
- Europe
- Asia-Pacific
- South America
- Middle East and Africa
- Introduction
- Research Objectives
- Report Assumptions
- Research Methodology
- Abbreviations
- Preface
- Market Definition
- Report Scope and Market Segmentation
- Research Highlights
- Market Synopsis: Global Coronary Guidewires Market
- Global Coronary Guidewires Market Qualitative Analysis
- Ecosystem Analysis
- Role of participants
- Integration scenario
- Trends
- Market trends
- Technology Trends
- PESTLE Analysis (For 5 prominent countries)
- Market Influencers
- Driving Forces
- Hindering Forces
- Opportunities
- COVID-19 impact
- Ecosystem Analysis
- Global Coronary Guidewires Market Analysis and Forecast, by Material
- Overview and definitions
- Key segment analysis
- Global Coronary Guidewires Market Estimates (US$ Mn), by Material, 2019 – 2032
- Nitinol
- Stainless Steel
- Hybrid
- Global Coronary Guidewires Market Analysis and Forecast, by Coating
- Overview and definitions
- Key segment analysis
- Global Coronary Guidewires Market Estimates (US$ Mn), by Coating, 2019 – 2032
- Coated
- Hydrophilic
- Hydrophobic
- Non-coated
- Coated
- Global Coronary Guidewires Market Analysis and Forecast, by Buyer
- Overview and definitions
- Key segment analysis
- Global Coronary Guidewires Market Estimates (US$ Mn), by Buyer, 2019 – 2032
- Hospitals
- Ambulatory Surgical Centres (ASC)
- Specialty clinics
- Global Coronary Guidewires Market Analysis and Forecast, by Region
- Overview and definitions
- Key segment analysis
- Global Coronary Guidewires Market Estimates (US$ Mn), by Region, 2019 – 2032
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- South America
- North America Coronary Guidewires Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- North America Coronary Guidewires Market Estimates (US$ Mn), by Material, 2019 – 2032
- Nitinol
- Stainless Steel
- Hybrid
- North America Coronary Guidewires Market Estimates (US$ Mn), by Coating, 2019 – 2032
- Coated
- Hydrophilic
- Hydrophobic
- Non-coated
- Coated
- North America Coronary Guidewires Market Estimates (US$ Mn), by Buyer, 2019 – 2032
- Hospitals
- Ambulatory Surgical Centres (ASC)
- Specialty clinics
- North America Coronary Guidewires Market Estimates (US$ Mn), Country, 2019 – 2032
- The U.S.
- Canada
- Mexico
- Rest of North America
- Europe Coronary Guidewires Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- Europe Coronary Guidewires Market Estimates (US$ Mn), by Material, 2019 – 2032
- Nitinol
- Stainless Steel
- Hybrid
- Europe Coronary Guidewires Market Estimates (US$ Mn), by Coating, 2019 – 2032
- Coated
- Hydrophilic
- Hydrophobic
- Non-coated
- Coated
- Europe Coronary Guidewires Market Estimates (US$ Mn), by Buyer, 2019 – 2032
- Hospitals
- Ambulatory Surgical Centres (ASC)
- Specialty clinics
- Europe Coronary Guidewires Market Estimates (US$ Mn), Country, 2019 – 2032
- Germany
- United Kingdom
- Spain
- Italy
- France
- Rest of Europe
- Asia Pacific Coronary Guidewires Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- Asia Pacific Coronary Guidewires Market Estimates (US$ Mn), by Material, 2019 – 2032
- Nitinol
- Stainless Steel
- Hybrid
- Asia Pacific Coronary Guidewires Market Estimates (US$ Mn), by Coating, 2019 – 2032
- Coated
- Hydrophilic
- Hydrophobic
- Non-coated
- Coated
- Asia Pacific Coronary Guidewires Market Estimates (US$ Mn), by Buyer, 2019 – 2032
- Hospitals
- Ambulatory Surgical Centres (ASC)
- Specialty clinics
- Asia Pacific Coronary Guidewires Market Estimates (US$ Mn), Country, 2019 – 2032
- Japan
- India
- China
- Australia
- Rest of Asia Pacific
- Middle East & Africa Coronary Guidewires Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- Middle East & Africa Coronary Guidewires Market Estimates (US$ Mn), by Material, 2019 – 2032
- Nitinol
- Stainless Steel
- Hybrid
- Middle East & Africa Coronary Guidewires Market Estimates (US$ Mn), by Coating, 2019 – 2032
- Coated
- Hydrophilic
- Hydrophobic
- Non-coated
- Coated
- Middle East & Africa Coronary Guidewires Market Estimates (US$ Mn), by Buyer, 2019 – 2032
- Hospitals
- Ambulatory Surgical Centres (ASC)
- Specialty clinics
- Middle East & Africa Coronary Guidewires Market Estimates (US$ Mn), Country, 2019 – 2032
- Saudi Arabia
- UAE
- South Africa
- Rest of Middle East
- South America Coronary Guidewires Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- South America Coronary Guidewires Market Estimates (US$ Mn), by Material, 2019 – 2032
- Nitinol
- Stainless Steel
- Hybrid
- South America Coronary Guidewires Market Estimates (US$ Mn), by Coating, 2019 – 2032
- Coated
- Hydrophilic
- Hydrophobic
- Non-coated
- Coated
- South America Coronary Guidewires Market Estimates (US$ Mn), by Buyer, 2019 – 2032
- Hospitals
- Ambulatory Surgical Centres (ASC)
- Specialty clinics
- South America Coronary Guidewires Market Estimates (US$ Mn), Country, 2019 – 2032
- Brazil
- Rest of South America
- Competition Analysis – Coronary Guidewires Market
- Market Composition
- Market Share Analysis (%), by Supplier (2022)
- Company Profiles
- Abbott Laboratories
- Business overview
- Geographic presence
- Product portfolio
- Financial facts
- Channel partners
- Relevant news and strategic view
- BIOTRONIK SE & Co. KG
- Boston Scientific Corporation
- Cardinal Health, Inc
- Integer Holdings Corporation
- JOTEC GmbH
- Medtronic PLC
- Merit Medical Systems
- QXMedical, LLC
- Terumo Medical Corporation
- Abbott Laboratories
- Conclusion & Recommendations
Frequently asked questions about this report
What is the time duration considered while assessing the coronary guidewires market?
The coronary guidewires analysis market has been assessed for the years 2019 to 2032.
What are the factors driving the coronary guidewires market?
Shifting preference towards minimal invasive surgical procedures, strong prevalence of cardiovascular diseases, increasing number of patients affected with lifestyle disorders, and technological advancement in medical technology are the major factors driving the growth of the global coronary guidewire market.
How is the regional performance of the coronary guidewires market?
North America contributed the largest share to the global coronary guidewires market owing to strong prevalence of cardiovascular diseases, increasing investment in new product development, and rising awareness regarding cardiovascular disorders.
Which prime coronary guidewires players are profiled in this analysis?
Key coronary guidewires market players are Abbott Laboratories, BIOTRONIK SE & Co. KG, Boston Scientific Corporation, Cardinal Health, Inc, Integer Holdings Corporation, JOTEC GmbH, Medtronic PLC, Merit Medical Systems, QXMedical, LLC, and Terumo Medical Corporation.